The 2003 National Budget
By Fadia Gafoor
Guyana Chronicle
April 3, 2003

Related Links: Articles on Budget 2003
Letters Menu Archival Menu

THE 2003 budget was presented to Parliament and the Guyanese public last Friday. At an estimated $72.8 billion it is the largest ever budget ever in Guyana’s history rivalling last year’s budget of $68.9. This year, the Public Sector Investment Programme (PSIP) expenditure is estimated at $24 billion, approximately one third of the entire budget. In 2002, $20 billion was budgeted under the PSIP.

What does this mean to the Guyanese public? Well it means the implementation of public projects facilitated by Government. The execution of these projects means the creation of thousands of jobs for skilled, semi-skilled and unskilled persons at all levels. It means improving the standard of living of many communities through improved health care, provision of water, electricity or the opportunity to go to school within your community. It means the creation of supporting businesses within and around the areas of the projects such as services.

The 2003 budget inherently has something for everyone. Priorities of the 2003 budget are job creation through growth (and at this point it is important to note that in spite of the challenges in 2002 the Gross Domestic Product grew by 1.1 per cent, a true testimony to the resilience of the Guyanese people). Government has also cited promotion and attraction of investments and increase support for the private sector, which is deemed to be the engine of growth. Social sector programmes, reform of the judiciary and intensifying the crime fight for which $7.2 billion has been allocated are also high on Government’s agenda this year. Every sector is addressed comprehensively and Government has strived to ensure that despite the prevailing circumstances of local political instability and the bleak international outlooks that the needs of the people are addressed.

At this juncture, I must pause because I feel that I cannot ignore the events of March 28 at the actual presentation of the budget speech. Being there personally, I was appalled at the behaviour that was perpetrated by some of the demonstrators, some of whom are respected Members of Parliament. It was a flagrant display of disrespect to the sanctity of Parliament. Indeed, it was an insult to every Guyanese citizen. Disagreement with the content of the budget should be debated within the hallowed hall of the National Assembly. It is indeed the right of the Main Opposition party to voice their “yeas or nays” in the interest of their constituents but this should be part of a democratic process.

Friday’s behaviour has now compromised the PNC/R’s reputation and representation within the eyes of the Guyanese public and the international community. It questions the credibility of their claims of having the interest of the Guyanese people at heart. Demonstrations of the nature that took place last Friday does not serve any good purpose. On the contrary, it shows a breakdown in respect and morality within a people who have traditionally been able to hold their heads high with pride.

At this point of our history, we have the power to make or break our children’s future. As a nation, we have to work together, everyone has to subscribe to the rules of democracy that exists, respect the laws that govern the country and maintain self respect and pride.

Along with all self-respecting Guyanese I join the call on the PNC/R to debate the contents of the 2003 budget within convened Parliamentary sittings rather than through placards and chanting on the outside of Parliament. We want this nation to go forward. I believe that the 2003 budget can help us move forward.

Site Meter