For the first time in what can be considered decades, Guyana will have its Budget Day, or proposal of its National Budget for the proceeding year way before the year begins.
The 2017 National Budget which was scheduled to be read on December 05, will now instead be read a week earlier on November 28.
This in essence means that the Minister of Finance will lay the Estimates of Revenues and Expenditure for the year 2017 before the National Assembly and he will make his Annual Financial Statement or Budget Speech.
It must be noted that during the time that the budget is being presented and debated, no other government business may be considered, unless the proceedings om it are completed.
The assembly has seven days for consideration of the Estimates of Expenditure in the Committee of Supply, before it comes to the main floor for passage. In the past, it was not uncommon for budgets to be presented two or three months after the new year breaks, however, the coalition administration had promised last year to change this and it is evident that a change will be implemented.
