* Growth in 2014 is projected to be 5.6 per cent (5 per cent in 2013)
* Real GDP expanded by 5.2 per cent in 2013, with the non-sugar GDP growing rapidly by 6.3 per cent, reflecting the underlying strength of the other sectors of the economy.
* Overall Balance of Payment is estimated at a deficit of US$21.9M in 2014 (Deficit of US$119.5M in 2013)
* Total current revenue, net of GRIF is targeted to increase by 10.3 per cent to $149.6B
* Total expenditure is projected to increase by 25.4 per cent to $215.9B
* Returns of value added and excise taxes are targeted to increase by 6.7 per cent to $65.8B
* Export earnings contracted marginally by 2.8 per cent to US$1.4B
* Net current transfers decreased by 15.7 per cent to US$353.2M, due to lower receipts of worker remittances
* Gross international reserves of the Bank of Guyana totalled US$776.9M in 2013
THE Guyanese economy has experienced eight consecutive years of growth up to 2013, and is projected to expand by a 5.6 per cent in 2014.
Finance Minister, Dr. Ashni Singh, made the disclosure on Monday in the National Assembly during his 2014 National Budget presentation.
You must be logged in to post a comment.