While there is no way of knowing what the government priorities are until the budget is presented, it is important to reflect on the state of the economy and more importantly the policy and budget decisions of the 2017 budget that contributed to the current economic distress. Despite record level government spending, the economy remained in peril with high-risked growth, high unemployment, severe poverty, rising crime, and low consumer confidence as funding for key sectors were diverted to a growing appetite of the government administration costs. Fortunately, there are common sense policies the government can take to boost the economy and promote widespread economic prosperity.
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.