This year, $743.7m will be spent to develop the fisheries sector which has been plagued by low catches and other challenges, Minister of Finance Dr Ashni Singh said yesterday during the presentation of the 2022 budget.
This year’s budget also caters for the introduction of the marine cage fishing which will enhance the production of prawns and tilapia.
Singh stated that during the course of this year, government will be moving to invest $230m for the second phase of the brackish-water shrimp production initiative.