The government’s budget for the fiscal year 2018 essentially mortgaged the future of Guyanese and the economy. Despite record level spending, the budget cuts funding for the infrastructure and agriculture sectors that are critical for creating employment opportunities, mostly for low-skilled workers. Lawmakers continued to shift billions to shore up the government bureaucracy instead of better aligning spendings with social and economic needs. There are no major changes in policy direction to steer the economy away from its current downward trajectory.
Budget decisions should reflect our collective values, priorities, and needs. Thus, putting together a budget should be based on evidence and facts. The Budget & Policy Institute works to make budget decisions — and the budget process itself — more accessible and easier to understand, so as to encourage citizens’ participation in the debate and foster policies that work for all Guyanese, especially low- and middle-income individuals and families.