Notwithstanding the maturity of the traditional sectors (rice, sugar, gold, bauxite, forestry), the PPP/C Government will remain committed to ensuring their long-term viability, modernisation and profitability. We will Improve Productivity and Competitiveness by:
* Reducing bureaucracy
* Simplifying the tax system
* Improving access to financing
* Promoting the use of technology
* Promoting a highly skilled workforce
* Providing energy security
* Marketing the Brand Guyana
* Expanding infrastructure and polices conducive to business development
Our economic plan is consistent with the following critical outcomes:
* Strong Economic Growth: Continued strong real growth in gross domestic product, increasing per capita income, stimulating national and individual wealth creation and poverty reduction, and bringing the benefits of growth to all Guyanese.
* Fiscal and Monetary Management: Prudent management of public finances to work for a balanced budget, long-term debt sustainability, adequate external balances, exchange rate stability, low domestic price inflation, and expansion of credit to the private sector.
* Economic Diversification: Rapid diversification of the productive base, reduce vulnerability to external market volatility and increase resilience, built on both a strengthening of the traditional sectors and accelerated facilitation of the new frontiers of growth.
* Job Creation: Focus on job intensive growth with special emphasis on sectors that create meaningful employment, and ensuring that our education system equip our young people for the requirements of the new economy.
* Improved Infrastructure: Strengthening the infrastructural and institutional prerequisites for improved competitiveness and higher productivity.
* Strong Private Sector: Facilitating the further growth of the private sector. Prompting a mixed economy where investment will be attracted from local and foreign capital, and public-private partnerships will be pursued for specific areas such as infrastructural development.