Budget highlights role of extractive industries

The ocean Saratoda oil rig

Government continues to ‘talk up’ the dominant role which the extractive industries  are poised to play in the Guyana economy with Finance Minister Dr Ashni Singh using his 2012 budget presentation to outline the positioning of those industries as major contributors to what he described as the country’s “economic transformation over the next five years.”

Singh said that while the roles of bauxite and gold have already become apparent other extractive industries including oil and manganese are now poised to become major contributors to