Monday is budget day

Finance Minister Dr Ashni Singh will be presenting the 2010 National Budget to the National Assembly on Monday, February 8.

The theme for the budget is “Consolidate, transform, sustain”, a release from GINA said.

According to GINA, the announcement was made by Singh yesterday who said that: “the Guyanese economy displayed striking resilience last year, despite depressed external demand and lower prices for certain key exports.”  The 2009 Budget had projected real growth of the non-sugar gross domestic product at 1.8 percent while overall growth was projected at 4.7 percent- projections which were strongly influenced by the expected recovery of sugar.

Last year on February 9, Singh announced a budget to the tune of $128.9 billion the largest in the country’s history. The 2009 budget was an 8.1 percent increase over the budget for the previous year, which was $119.3 billion.