$5 billion allocation made in the 2022 National Budget. With this sum, the government started to offer one-off grants to vulnerable or worst-affected groups such as fishermen, miners, children with disabilities and farmers.
The government has also removed several taxes with the aim of providing relief to businesspeople and citizens.
That $5 billion budgetary allocation, the Vice President said, has not yet been exhausted. As such, the government continues to seek other avenues of providing relief to groups of people worse affected by the price hikes.
“It’s an ongoing task.
“We will consult (and) as we consult with different interest groups we are trying to do stuff,” the Vice President said.
Aside from the relief the government has already provided, Jagdeo alluded to the government’s intentions to expand local production to counter import constraints and imported price increases.
Guyana is currently pursuing an aggressive plan to expand food production. The country is also backing a gas-to-energy project that will produce electricity from natural gas in oilfields offshore; this is expected to slash the cost of energy, thereby spurring industrialisation and manufacturing.
