Guyana’s economy is projected to grow 3.4% this year, a decrease from the 3.8% recorded last year reflecting a slowing of growth even as value-added and excise taxes collections are projected to rise by $3.8 billion to $69.5 billion this year.
Minister of Finance Winston Jordan in his Budget 2015 presentation yesterday said that the economy was slowing well before the APNU+AFC government came into power in May.
The 3.8 percent growth in 2014 was less than the original projection. The 2014 Budget by former Minister of Finance Dr Ashni Singh had projected a growth rate of 5.6 percent but this was revised mid-year to 4.5 percent. “Unfortunately, even that lower growth rate was not achieved,
