Tag Archives: National Assembly approves $177.4B budget

Budget 2013: National Assembly approves $177.4B budget

 National Assembly approves $177.4B budget

Written by Kwesi Isles – Demerara Waves
Wednesday, 24 April 2013 23:28

The National Assembly Wednesday night [April 24] approved a GUY$177.4B (US$877.2M) national budget, some 15 percent lighter than the estimates presented by the government a month ago.

The combined opposition used its majority to evince a $19B cut in a $20B allocation earmarked for the Low Carbon Development Strategy pushing the total cuts to $31.35B. Minister of Finance Dr. Ashni Singh had presented a $208.8 budget proposal to the House on March 25.

The LCDS cut represented the largest in this year’s budget as it had in 2012. The money was to be used as Guyana’s stake in the Amaila Falls Hydropower Project and would have originated from the biodiversity agreement Guyana has with Norway.   Continue reading

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