Minister of Finance Winston Jordan yesterday presented a $300.7 billion budget for 2019 and projected GDP growth at 4.6% in the year before first oil.
Presented under the theme “Transforming the Economy, Empowering People, Building Sustainable Communities for the Good Life”, the Budget which is the fifth to be presented by the APNU+AFC government, is a 12.6 % increase over last year’s $267.1 billion budget. It projects a real economic growth of 4.6% in 2019 amid steady growth in the global economy and stable commodity prices.
According to Jordan this expansion will be broad-based as all major sectors are projected to expand. Meanwhile the real growth for 2018 has been revised yet again to 3.4%.
