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Today is budget day

Jan 17, 2011 News

…PNCR braces for political speeches

Leader of the Peoples National Congress Robert Corbin says that in today’s presentation of the Budget he expects nothing different, adding that nothing the Finance Minister presents can compensate for the “mismanagement, corruption and lack of transparency over the years.”
“Once a dog likes to suck on eggs he will continue to do so,” said Corbin who reiterated his belief that this will be an “Election Budget.”
President Bharrat Jagdeo has disputed this claim and recently said Guyana will be among the few countries to present a National Budget with programming for a lower fiscal deficit during an election year, when its 2011 National Budget is presented in the National Assembly.
But Corbin said that what he expects is a plethora of political speeches aimed at greasing the machinery for elections.
The Opposition Leader said that nothing the Finance Minister presents today will be enough and he hopes that the electorate is aware of the realities and will react accordingly.
Finance Minister Dr Ashni Singh, when he indicated that the Budget will be presented at today’s sitting said that, as is the norm, the Budget will report on economic performances over the past year.
“In this instance, that report can be expected to be a very favourable one, given the continued resilience shown by the economy.”
He added that 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.
Budget 2010 was presented by Minister Singh in February last under the theme “Consolidate, Transform, Sustain”, and was pegged at $142.8B, representing a 10.8 percent increase over the 2009 budget.

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