{"id":26086,"date":"2025-02-01T22:16:21","date_gmt":"2025-02-01T22:16:21","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=26086"},"modified":"2025-02-01T22:16:22","modified_gmt":"2025-02-01T22:16:22","slug":"new-measures-expected-in-2025-budget-to-enhance-guyanas-growth","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/new-measures-expected-in-2025-budget-to-enhance-guyanas-growth\/","title":{"rendered":"New Measures Expected in 2025 Budget to Enhance Guyana\u2019s Growth"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>December 31, 2024<\/em><\/p>\n\n\n\n<p>President Dr. Irfaan Ali has confirmed that the upcoming 2025 national budget will introduce a number of exciting new measures aimed at furthering the country\u2019s economic and social development.<\/p>\n\n\n\n<p>The government is working to present an early 2025 budget, which will focus on improving the quality of life for all Guyanese. <\/p>\n\n\n\n<p>This new financial plan will continue the ongoing efforts to build and improve infrastructure throughout the country, which is expected to fuel further growth in the coming years.<\/p>\n\n\n\n<p>The budget will include several key components that align with the 2020 PPP\/C manifesto, with a strong emphasis on projects and policies that directly impact the public. <\/p>\n\n\n\n<p>These measures are intended to address both immediate needs and long-term goals for the country&#8217;s progress.<\/p>\n\n\n\n<p>In 2024, the government passed a historic budget of $1.1146 trillion, marking the first time in the country\u2019s history that the budget exceeded the trillion-dollar mark. <\/p>\n\n\n\n<p>The 2024 budget represented an increase of 46.6% over the previous year and was designed to strike a balance between meeting urgent needs and making investments that will benefit future generations.<\/p>\n\n\n\n<p>A significant portion of the 2024 budget was allocated to infrastructure development, with $221.4 billion earmarked for roads, bridges, sea defences, and airstrips. <\/p>\n\n\n\n<p>The government also made substantial investments in education, healthcare, housing, and water infrastructure. <\/p>\n\n\n\n<p>A total of $129.8 billion was dedicated to healthcare, $135.2 billion to education, $78 billion to housing, and $20.5 billion to expanding access to water.<\/p>\n\n\n\n<p>The government\u2019s focus remains on continued development, ensuring that the benefits of growth reach every corner of Guyana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>December 31, 2024 President Dr. Irfaan Ali has confirmed that the upcoming 2025 national budget will introduce a number of exciting new measures aimed at furthering the country\u2019s economic and&hellip;<\/p>\n","protected":false},"author":4,"featured_media":25090,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[363,350,367,351],"tags":[],"class_list":["post-26086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-transformation","category-news","category-one-guyana","category-politics"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26086","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=26086"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26086\/revisions"}],"predecessor-version":[{"id":26087,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26086\/revisions\/26087"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/25090"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=26086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=26086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=26086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}