BUDGET 2025: Gov’t to explore ‘next opportunities for wealth creation’ – President

Mere weeks away from the presentation of the 2025 National Budget, Guyana’s President Dr. Irfaan Ali said the government will explore initiatives to help citizens create wealth.

The President, in a recent interview, addressed questions about whether there will be another grant or cash transfer next year similar to the $100,000 cash grant currently being distributed to every adult Guyanese.

Dr. Ali clarified that this grant is no mere cash transfer. For him, it is an investment in the country’s human capital and he encouraged persons to invest in wealth-creation ventures, even if that means pooling resources with others.

Looking ahead, the President vowed that the government will explore what other ways individuals can be supported.

“In the budget, we will determine what are the next opportunities for wealth creation, how we are going to further support vulnerable groups

“There must be cash transfers but those transfers must be linked to specific outcomes, and for vulnerable groups,” he said.

The distribution of the $100,000 cash grant is ongoing. The President said public servants and pensioners will start receiving this grant before the end of the year and on Monday, teachers in Region Four were among those who started getting their cheques.

Citizens in hinterland regions, like Region Nine, have also been receiving their grant.