{"id":26686,"date":"2025-02-20T21:35:28","date_gmt":"2025-02-20T21:35:28","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=26686"},"modified":"2025-02-20T21:35:29","modified_gmt":"2025-02-20T21:35:29","slug":"budget-2025-a-focus-on-enhancing-private-sector-competitiveness","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/budget-2025-a-focus-on-enhancing-private-sector-competitiveness\/","title":{"rendered":"Budget 2025: A Focus on Enhancing Private Sector Competitiveness"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>By Delicia Janneire | February 5, 2025<\/em><\/p>\n\n\n\n<p>Economist Richard Rambarran has praised the fiscal policies outlined in Budget 2025, noting that they are designed to bolster the competitiveness of local businesses and stimulate economic growth. <\/p>\n\n\n\n<p>During a &#8220;Budget in Focus&#8221; program, Rambarran discussed the government&#8217;s ongoing commitment to expanding opportunities for investments, particularly within the non-oil sector.<\/p>\n\n\n\n<p>He highlighted two key measures that will continue to enhance the local private sector\u2019s ability to thrive: the removal of VAT on agricultural machinery, which he believes is a significant step toward advancing the mechanization of agriculture, and the accelerated depreciation of capital for poultry farmers, a move that should provide them with greater financial flexibility.<\/p>\n\n\n\n<p>These initiatives are already generating buzz, with Rambarran reporting that he\u2019s received inquiries from potential investors eager to enter the Guyanese market. <\/p>\n\n\n\n<p>Despite some concerns about inflation, Rambarran emphasized that the policies aim to keep it manageable while ensuring broader growth across multiple sectors.<\/p>\n\n\n\n<p>With agriculture growing by 11.4% and construction seeing a robust 30% increase, Rambarran expressed confidence that the government\u2019s approach will continue to foster balanced and sustainable economic development.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Delicia Janneire | February 5, 2025 Economist Richard Rambarran has praised the fiscal policies outlined in Budget 2025, noting that they are designed to bolster the competitiveness of local&hellip;<\/p>\n","protected":false},"author":4,"featured_media":25601,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[361,350],"tags":[],"class_list":["post-26686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-and-economy","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26686","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=26686"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26686\/revisions"}],"predecessor-version":[{"id":26687,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/26686\/revisions\/26687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/25601"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=26686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=26686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=26686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}