BUDGET 2025 will be presented on Friday, January 17 by Senior Minister with responsibility for Finance in the Office of the President, Dr. Ashni Singh.
According to Vice-President, Dr. Bharrat Jagdeo, the Budget will be characterised by an enhanced focus on community issues as well as concerns raised by Guyanese during the numerous engagements by the PPP/C administration at the grassroot level.

This ‘grassroots’ engagement has now become a hallmark of the PPP/C’s administration which, in the words of Dr. Jagdeo, ‘the PPP will never give up on in its approach to governance.’

This approach to governance stands in stark contrast to that of the previous APNU+AFC administration which was, for the most part, bureaucratic and lacking in transparency.
On the fiscal side, Dr. Jagdeo disclosed that greater incentives can be expected in the 2025 budget. The new budget, he said, will incentivize people to work harder because the taxation system will evolve in a manner that rewards those who make greater efforts and who work harder. This will ensure that the Guyanese people, both in the public and in the private sector, keep more money that they earn and a lesser amount into paying taxes.

This is indeed a recipe for sustained development. With the private sector now the engine of growth, such incentives will undoubtedly stimulate further economic growth which in turn will create greater wealth and job opportunities.
The fact is that the more wealth we create, the more wealth will be available for distribution to the population. This is why any incentive aimed at boosting the capacity of the private sector to create wealth must be welcomed. Of no less importance is to put in place the necessary legislative framework to ensure that those who contribute to wealth creation, namely the workers, get a fair share from the fruits of their labour.

This year’s national budget will likely build on the developmental momentum that is currently taking place. Expectations are high among Guyanese that the budget will result in higher levels of disposable income especially for the more vulnerable segments of the population. Increased social sector spending will allow for enhanced delivery of social services such as education, health, housing and water.

This year’s budget is taking place in an election year and President, Dr. Mohamed Irfaan Ali has given full assurances that this year’s budget will include necessary funding for the Guyana Elections Commission to conduct General and Regional elections. According to President Ali, government’s strategy in

terms of development would not change as a result of elections. Government’s strategy, he said, ‘is about people, never driven by elections, never driven by power. We have already delivered completely on all the promises we make in our manifesto.’

President Ali has captured the true essence of the 2025 budget which he said ‘are not driven by elections but by the needs and aspirations of the people.