Month: September 2020

10 Sep
By: Tanika Jones 12

2020 Budget Speech

Introduction

1.1     Mr. Speaker, I rise to move the motion for the approval of the Estimates of the Public Sector and the Budget for the Financial Year 2020 and, in doing so, I wish to indicate that Cabinet has recommended that the National Assembly proceed upon this motion, pursuant to Article 171 Paragraph 2 of the Constitution of the Co-operative Republic of Guyana.

1.2     Budget 2020 is finally before this Honourable House after one of the most testing, convoluted, complicated, and traumatic periods of Guyana’s post-independence history. Twenty months since Budget 2019 was adopted in this National Assembly, 628 days since the No-Confidence Motion was successfully passed on December 21st, 2018, 475 days since a sitting of the National Assembly, 191 days since the March 2nd, 2020 General and Regional Elections, and 38 days following the declaration of those election results on August 2nd, 2020, with the People’s Progressive Party/Civic (PPP/C) being sworn in as the legitimate Government of Guyana.

1.3     The people of this country have been tried and tested but not defeated. Our nation’s young democracy was under severe duress, however, the Guyana Constitution and the judicial system showed their resilience in the face of repeated efforts to undermine both. Our people endured and remained resolute and peaceful in their defense of democracy. We as a people were bolstered by the support of over 100 nations and all the major international and regional bodies – the United Nations (UN), the Commonwealth, the Organisation of American States and the Caribbean Community (CARICOM) – in their righteous defense of the will of the people to elect a government of their choice and, in the end, democracy prevailed.

1.4     How should we feel when several of our neighbouring sister CARICOM countries had their elections in the period between March 2nd and August 2nd, 2020 with their results declared within hours of the close of poll? The unwarranted delays and subsequent court challenges that·ensued have certainly tarnished the image of Guyana’s democratic credentials, a situation this President Ali-led Government has already started to correct.

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2020 Budget Speech
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09 Sep
By: Tanika Jones 0

Budget Estimates 2020

The purpose of these Estimates is to present to the National Assembly information on the expenditure requirements and revenue forecasts of the Government for the fiscal year and, where required, to seek authority for such expenditure through an Appropriation Act. The authorities identified in these Estimates are divided into two categories: appropriated and statutory. Appropriated authorities are those for which the Government must seek approval from the National Assembly on an annual basis. Statutory authorities, e.g., public debt, are those for which the National Assembly has already provided on an ongoing basis, through the approval granted by specific legislation containing an appropriation authority. These are included in the Estimates for information only.

The basic structure of the Estimates presented to the National Assembly takes the form of three volumes and follows a theme of presenting the initial data at a high level of aggregation followed by more detailed information. Volume 1 is divided into four Sections. Section 1 – The Expenditure and Revenue Plan – summarises the Current and Capital Expenditure requirements of the Central Government, and forecasts of Revenues; Section 2 provides details of the Current Expenditure requirements of each Agency within the Estimates; Section 3 gives details of the Capital Expenditure requirements of each Agency within the Estimates; and Section 4 provides specific macroeconomic data in support of the Budget, selected personnel related data, and the budgets of Statutory Bodies and Constitutional Agencies for the fiscal year. Volume 2 describes the Programme structures, indicators, objectives, strategies and impacts of each Agency as well as summarised financial performance data. Volume 3 provides information on the profiles of projects included in the capital expenditure plan.

Download Volumes:

Volume 1

Budget Estimates 2020 – Volume 1

Volume 2

Budget Estimates 2020 – Volume 2

Volume 3

Budget Estimates 2020 – Volume 3

 

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