SUMMARY OF GUYANA 2014/5 BUDGET
Guyana’s largest budget …. EVER!
Guyana’s external debt reduced by 8.3% in 2013
Guyana’s domestic debt increased by 5.7% in 2013
US$90.6M allocated for projects under the LCDS in 2014
US$80M allocated as Guyana’s equity contribution to the Amaila Falls Hydro Project in 2014
$1.1B allocated to the E-governance project in 2014
$2B allocated for purchase of further 17,948 laptops for OLPF project in 2014
$1.5B allocated towards development of Agriculture sector in 2014
Viability study for new railway to deep water port
$13.7B allocated for improvement of roads and bridges in 2014
$1.9B allocated for improvement sea and river defense structures
$6.9B allocated for improvement of drainage and irrigation
$7.7B allocated towards the improvement of energy and power generation supply
$32.3B allocated in 2014 towards first year of the new education strategic plan
$21.5B allocated to health sector in 2014
$117M allocated towards the purchase of 12 new ambulances
$910M allocated to Specialty Hospital in 2014
$4.4B allocated to housing sector in 2014
$2.5B allocated to the water sector
1% growth projected for rice industry
11.8% growth for banking sector projected for 2014
5% inflation rate predicted for 2014
$3.2B allocated towards subsidized electricity rates in Linden.
($23,000 in electricity subsidy per home in Linden)
5% increase for old age pensioners
Parent of every child in public nursery, primary & secondary school system will receive $10,000 grant
$1B allocated for countrywide cleanup campaign.