“No new taxes are not a positive in itself, when you have already destroyed confidence” Jagdeo
country’s national budget will be put to the National Assembly on November 27 and opposition Leader, Bharrat Jagdeo, is harbouring the hope that the government “will come with a budget that sets out clearly a pathway to growth and development and that would have specific initiatives that will enhance welfare of our people.”
The People’s Progressive Party has submitted to the National Assembly a num- ber of proposals that capture what the Party considers worthwhile initiatives to stop the downward economic slide, create wealth, jobs and improve the well-being of Guyanese. These include tax reduction, incentives for the private sector, the resuscitation of the sugar industry, etc.
Opposition Leader Dr Bharrat Jagdeo told a media conference last week that the Opposition is hoping that these welfare issues address the needs of children, pensioners, and other vulnerable groups.
“I hope that the Minister of Finance (Winston Jordan) will come with a budget that sets out clearly a pathway to growth and development and that would have specific initiatives that will enhance welfare of our people,” Jagdeo opined.
The former Head of State is also hoping that the budget will outline clear measures to create jobs in the econ- omy, noting that these are pressing concerns of the people. “Billboards don’t work. I wonder how much is being spent on these billboards. It’s the content of the budget that will matter,” he added.
The Opposition is not prepared to accept another budget similar to the ones presented before, which were often times baseless but included policies to overtax the Guyanese populace.
A promise was made by Minister Jordan that there outright grants.
Jordan said entrepreneurship would have to be the driving force for growth. As many persons continue to approach Government for jobs, they would learn to understand that there are only limited jobs available. “Even the best of Governments tried going into economic activity, and for the most part it has failed. The latest is GuySuCo, and I always say that the one that has kept us going is GuyOil,” he added.
The 2017 National Budget of $250B was the largest presented to the National Assembly by the APNU+AFC Government, since assuming office.