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.
A public education system that ensures every student has access to high-quality and affordable education and skills training from kindergarten to university is necessary to create widespread opportunities as well as to providing our economy with the skilled, productive workforce necessary to drive long-term economic growth. By analyzing government spending and other policies related to kindergarten, primary, secondary, technical and vocational and university levels of education, the Budget & Policy Institute highlights how Guyana can strengthen its most basic investment in the country’s future and improve outcomes for all students, especially those who are disadvantaged.