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Monday is Budget Day

CAROL MARTINDALE, [email protected]

Monday is Budget Day

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Guyana’s Finance Minister Dr Ashni Singh will present the 2011-12 national budget on Monday, according to the state-run Government Information Agency (GINA).
It said that Singh “will report on economic performance over the past year and, in this instance, that report can be expected to be a very favourable one given the continued resilience shown by the Guyanese economy.
“The Budget is also expected to project continued strong performance by the domestic economy in 2011, and to reflect Government’s continued emphasis on investment in physical infrastructure and in expanding and improving social services, all with the aim of advancing the transformation that is already well underway in Guyana,” GINA said.
The 2010-11 budget of GUY$142.8 billion (US$5.3 billion) represented a 10.8 percent increase over the 2009 budget. It was the largest budget in Guyana’s history. In his 2010 mid-year report on the Guyanese economy, Singh reported that the economy recorded real growth of 2.8 per cent in the first half of the year. (CMC)