Vishnu Doerga, Chairman of Action Invest, has emphasized the need for businesses to increase their investments to capitalize on the opportunities presented in Budget 2024.
Recognizing a reluctance in the business community to take risks and invest, Doerga believes that the full growth potential and capacity are yet to be realized.
In light of this, he advises businesses to carefully assess the budget and implement strategic policies that will enable them to fully benefit from the provisions put in place by the government.
The substantial allocation of 1.146 trillion dollars in the budget covers various sectors, providing opportunities for further development and transformation.
Dr. Doerga also highlights the importance of individuals taking advantage of educational programs, urging them to analyze the high demand for skilled labor.
He notes that last year’s study estimated a need for approximately 100,000 more workers to fill labor gaps in Guyana, especially in industries such as Oil and Gas, Construction, and Agriculture.
As Guyana experiences growth and development, strategic investments and a skilled workforce will play a pivotal role in harnessing the potential opportunities outlined in the budget.