TO boost Guyana’s defence capabilities, the government has allotted $42.2 billion to the Guyana Defence Force (GDF) for increased investments in both material and human resources.
The funds allocated in Budget 2024 aim to bolster technical capacity, and facilitate the acquisition or upgrading of assets across various sectors of the security apparatus.
Key focus areas include expansion of the air wing, maritime assets, and Coast Guard capabilities, reflecting the government’s commitment to comprehensive defence measures.
Capital expenditure details revealed a multifaceted approach, with $1.8 billion earmarked for the upgrading of buildings, $1.5 billion allocated for marine development, and $500 million dedicated to providing essential vehicles, boats, and engines.
Additionally, a notable $16.2 billion has been set aside for defence-support initiatives, emphasising international collaboration with India.
Guyana’s deepening military cooperation with India encompasses a range of activities, fostering an integrated relationship spanning technology, equipment, and human resources.
During a year-end interview, Commander-in-Chief of the Armed Forces and President of Guyana, Dr. Irfaan Ali, acknowledged the evolving nature of threats, pointing out the need for a proactive response to safeguard Guyana’s sovereignty and territorial integrity.
He stated: “As we grow, the threats are going to become more sophisticated, and the criminals are going to become more sophisticated.”
It is for this reason, he said, that budget 2024 will reflect the increase in these planned investments.
President Ali stressed the importance of a comprehensive approach, stating: “Those are important investments that we’re making. But also, critical training and other hardware equipment, cybersecurity, all of this will see extended expenditure in security.”
President Ali highlighted the interconnected nature of economic growth and security challenges.
“Not only will the economy become more sophisticated, but the type of criminals we will have operating in the economic space of Guyana will be far more sophisticated,” he added.
President Ali underscored the significance of building institutional capacity, training human resources, and advancing a holistic security architecture tailored for the current and emerging challenges.
“Investing in technology and building our institutional capacity are essential components of our security strategy,” President Ali said.
The administration’s commitment extends beyond conventional defence measures, with a keen focus on cybersecurity to counter the growing threat of cybercrimes.
The Head of State explained that as Guyana continues to position itself for sustained development, it must be acknowledged that a secure environment is pivotal to attracting investments and fostering economic growth.
He dismissed any assertions that Guyana harbours “aggressive” intentions and assured stakeholders that the focus is on safeguarding the nation’s sovereignty.
