{"id":15611,"date":"2024-01-19T13:57:58","date_gmt":"2024-01-19T13:57:58","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=15611"},"modified":"2024-01-19T13:58:02","modified_gmt":"2024-01-19T13:58:02","slug":"budget-2024-allocates-97-6-billion-to-propel-agriculture-sector","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/budget-2024-allocates-97-6-billion-to-propel-agriculture-sector\/","title":{"rendered":"Budget 2024 Allocates $97.6 Billion to Propel Agriculture Sector"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>The Ministry of Agriculture in Guyana is set to receive a substantial boost with an allocation of $97.6 billion in Budget 2024, aimed at accelerating the development of the agriculture sector. <\/p>\n\n\n\n<p>Finance Minister, Dr. Ashni Singh, highlighted that this significant investment will primarily focus on transformative Drainage and Irrigation (D&amp;I) infrastructure.<\/p>\n\n\n\n<p>The largest portion of the agriculture budget, totaling $72.3 billion, is earmarked for D&amp;I works, emphasizing the government&#8217;s commitment to strengthening this crucial aspect. <\/p>\n\n\n\n<p>This allocation encompasses the construction of two models of the Hope canal in Regions 5 and 6, accompanied by the acquisition of 40 mobile pumps to complement ongoing efforts to enhance D&amp;I systems nationwide. <\/p>\n\n\n\n<p>The plan also includes the continuous rehabilitation and maintenance of canals throughout the country.<\/p>\n\n\n\n<p>Dr. Ashni Singh emphasized the pivotal role of this investment, stating that it would play a key role in driving agricultural development in the coming years.<\/p>\n\n\n\n<p>A substantial amount of $6 billion has been allocated to bolster the sugar industry, specifically targeting improvements in GuySuCo\u2019s production and operational efficiency. <\/p>\n\n\n\n<p>This strategic allocation aims to revitalize the sector and contribute to its overall sustainability.<\/p>\n\n\n\n<p>In addition to the focus on D&amp;I and the sugar industry, Budget 2024 allocates $1.3 billion to enhance productivity in the rice industry, $2.6 billion to promote the development of the other crops subsector, and $100 million for the distribution of planting materials for spices, among other initiatives.<\/p>\n\n\n\n<p>Despite a budgetary allocation of $33.2 billion in 2023, the Agriculture sector saw a total expenditure of $60.4 billion, signaling the government&#8217;s proactive approach to ensuring that allocated funds are effectively utilized for the sector&#8217;s growth and resilience.<\/p>\n\n\n\n<p>This substantial budgetary allocation underscores the government&#8217;s commitment to advancing the agriculture sector, promoting sustainability, and fostering economic growth in Guyana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Ministry of Agriculture in Guyana is set to receive a substantial boost with an allocation of $97.6 billion in Budget 2024, aimed at accelerating the development of the agriculture&hellip;<\/p>\n","protected":false},"author":4,"featured_media":15612,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[366,362,350],"tags":[],"class_list":["post-15611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-development","category-low-carbon-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=15611"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15611\/revisions"}],"predecessor-version":[{"id":15613,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15611\/revisions\/15613"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/15612"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=15611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=15611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=15611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}