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.
Taxes represent our collective effort to support core public services and institutions critical for building a robust economy and successful communities. The Budget & Policy Institute works to promote a tax system that not only provides sufficient resources, but is fair and progressive where everyone pays their fair share while collectively caring for those who are less fortunate.