BUDGET 2021: $235M to make ‘doing’ business easier in Guyana

With the aim of enabling more efficient and standardised business processes in Guyana, a sum of $235 million has been allocated for the procurement of an electronic single window system for trade and to enhance the national quality infrastructure project.

During the presentation of the National Budget on Friday, Senior Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh highlighted that $135 million will be allocated for the procurement of the single window system while a further $200 million will be allocated to the infrastructure project.

Both of these projects are geared at ensuring that business processes in Guyana are much more efficient, with a keen focus on providing support to small businesses. The new single-window system, in particular, will reduce time and cost, simplify trade procedures, and eliminate duplication and redundancies.

The minister also indicated that a national e-Commerce strategy will also be rolled out to enable local businesses to tap into online markets. Business incubator centres will also be established to help with further business development.