President Dr. Irfaan Ali has expressed confidence that the 1.1 trillion-dollar budget for the fiscal year effectively addresses the challenges facing Guyanese.
In a recent announcement, the Head of State outlined key measures aimed at improving the standard of living for citizens.
President Ali emphasized that the measures outlined in the budget, both cost and non-cost, are geared towards increasing disposable income and putting more money into the hands of the people, particularly vulnerable groups.
The budget is designed to enhance the system of governance and improve the provision of services, addressing current challenges faced by citizens.
One critical aspect highlighted by President Ali is the need to contain the rising cost of fuel, recognizing its widespread impact on citizens.
The government has taken steps to mitigate this by reducing taxes on fuel to zero upon returning to office, removing a significant cost burden.
In the current fiscal year, the government will forego an additional 40 billion dollars to maintain zero taxes on fuel.
President Ali sees the budget as a clear strategy for building national prosperity and creating opportunities for every Guyanese.
It provides a holistic overview of Guyana’s development trajectory, outlining important projects that will advance the transformative agenda for the country and its economy.
The budgetary measures underscore the government’s commitment to addressing immediate challenges, fostering economic growth, and ensuring that the benefits of development reach every segment of the population.
President Ali’s focus on increasing disposable income and alleviating cost-of-living pressures reflects a comprehensive approach to enhancing the well-being of citizens.