|Five priority areas for Sept 8 budget |
Sunday, August 24 2014
National budgetary allocations for the 2015 fiscal year will continue in five priority areas related to human capital development with a mixture of continuing projects and a number of new ones, Planning and Sustainable Development Minister Bhoe Tewarie said yesterday.
Tewarie said new initiatives will be implemented and new projects begun as he responded to a question as to whether the September 8 budget will be a budget of goodies in anticipation of the 2015 general elections.
“It is not an election’s budget,” he said. “The plan for the 2015 budget is linked to policies that will inform development for the 2014-2015 fiscal year to 2017.”
Saying that “I don‘t think it is reasonable to put out parts of the budget before the budget is read” Tewarie nevertheless said that he expects that substantial allocations will be given to national security, investments and business creation, development and growth of the economy, food security and infrastructure development.
He said he was aware that Finance Minister Larry Howai had a series of consultations and open discussions, and also received recommendations from a number of private sector and non-governmental organisations in relation to what they would expect from the budget to aid development in their sectors. Consideration, he said, would have been given in the national interest.
In terms of the Public Sector Investment Programme which falls under his purview, Tewarie said the Ministry of Planning and Sustainable Development “held consultations with every ministry and every minister who availed himself or herself.”
On the basis of the consultations, recommendations were based on the national picture and the extent to which some projects could be completed, and how to guarantee projects that need continuity, he said.
“You never know what kinds of considerations will be made, even on the day prior to Budget Day, ” he said.