Latest update September 1st, 2024 12:32 AM
Aug 10, 2023 News
Kaieteur News – Following a 12-hour long debate in the National Assembly on Wednesday, Financial Paper Number Three, totaling $61 billion was approved, taking this year’s Budget to $874 billion.
This year’s fiscal plan was approved to the tune of $781.9 billion in February. Following its passage, government approached the House in April for an additional $31 billion that was later approved in July. This means that the total Supplementary funds sought so far totals $92 billion.
According to the Financial Paper, the disaggregated sum of $61,013,184,705 includes $10,181,998,722 and $50,831,185,983 for current and capital projects, respectively.
The fiscal provision allocated an additional $5 billion to the Office of the Prime Minister; $33 billion for the Ministry of Public Works, and over $3 billion for the Ministry of Education.
Other notable provisions include close to $15 million more for the Ministry of Amerindian Affairs for Security services; $500 million more for the Ministry of Culture, Youth and Sport and $638 million additional resources for the Guyana Defence Force (GDF).
Under the Health Sector, $1 billion was approved for the rehabilitation and upgrade of health facilities countrywide. Meanwhile, under the Ministry of Agriculture, over $8 Billion was approved.
The Ministry of Home Affairs also received an additional $1.5 billion to procure vehicles and boats to boost the operational effectiveness of the Guyana Police Force and finance other initiatives.
Mineral and oil rich country borrowing to feed, clothe and house its citizens.
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