The 2017 budget (Part 1)

By Rawle Lucas On In Business Review |
The Lucas Stock Index (LSI) fell 0.41 percent during the final period of trading in November 2016. The stocks of three companies were traded with 123,563 shares changing hands. There were no Climbers and one Tumbler. The stocks of Republic Bank Limited (RBL) fell 2.02 percent on the sale of 1,500 shares. In the meanwhile, the stocks of Banks DIH (DIH) and Demerara Distillers Limited (DDL) remained unchanged on the sale of 52,471 and 69,592 shares respectively.
The Lucas Stock Index (LSI) fell 0.41 percent during the final period of trading in November 2016. The stocks of three companies were traded with 123,563 shares changing hands. There were no Climbers and one Tumbler. The stocks of Republic Bank Limited (RBL) fell 2.02 percent on the sale of 1,500 shares. In the meanwhile, the stocks of Banks DIH (DIH) and Demerara Distillers Limited (DDL) remained unchanged on the sale of 52,471 and 69,592 shares respectively.

Financial plan

On November 28, the Minister of Finance presented the budget for the year 2017 for the consumption of the people of Guyana.  According to the Fiscal Management and Accountability Act, the 20130728rawle's business pagebudget is a financial plan used by the government to deliver its programmes and policies for a fiscal year.  In Guyana’s case, the fiscal year coincides with the calendar year and so the budget presented by the government will cover the period January 1 to December 31, 2017.  This article discusses the budget and will attempt to do so in the context of the economic reasoning that is usually associated with public finance and the taxing and spending authority of the government.