The Government has allocated $76.7 Billion for roads and bridges in this year’s budget/ Of that amount, $49.2 billion will be spent on roads and $27.5 billion on bridges. The Minister of Finance announced that key allocations include provisions of: $8.3 billion for the rehabilitation of the Corentyne Main Road from Palmyra to Crabwood Creek…

With several measures in budget 2022 to ease the effects of the rising cost of living, the government has set aside the sum of $5 billion to meet the cost of the interventions to be implemented following these consultations. Not only that, but the government also announced moves to extend the freight cost adjustment which…

With over $8.4 Billion spent last year on Guyana’s response to the COVID-19 pandemic, the Government will be plugging another $6.8 Billion in the efforts to contain and fight the deadly virus this year. It was announced in the 2022 budget that a big part of the budget for COVID-19 response will go towards the…

The government has announced increases in budget 2022 for the old age pension, public assistance and two key grants given to school aged children. Finance Minister Dr. Ashni Singh told the National Assembly on Wednesday that the government remains committed to ensuring that those who have served the country over the years and are now…

With the construction of a new Brickdam Police station high on the agenda, the Government has allocated a whopping $4.9 Billion to the Guyana Police Force in the 2022 budget. In his budget speech this afternoon, the Minister of Finance announced that works will commence on a multi-storey building to consolidate the operations of the…

Workers will now be paying less tax from their salaries as the government has proposed increasing the monthly income tax threshold to $75,000, according to Finance Minister Dr. Ashni Singh. While presenting the 2022 National Budget at the National Assembly on Wednesday, Dr. Singh announced that the threshold will move from $65,000 to $75,000. What…

The Government will be increasing the “Because We Care” cash grant to schoolchildren to $25,000 which represents an increase of $10,000, Finance Minister Dr. Ashni announced today during his budget presentation. In 2021, the government extended the cash grant to both private and public schools. It has made similar provisions in the 2022 budget. “It…

OPPOSITION Leader Joseph Harmon, today, officially submitted his resignation from that post to Speaker of the National Assembly, Manzoor Nadir. With that being done, it is now for the opposition political parties to elect a new Leader of the Opposition. Leader of the Liberty and Justice Party (LJP), Lenox Shuman, who represents the joinder with…

Guyana 2022 national budget of $552.6 billion was fuelled by oil revenues. Since the country began producing oil over five years ago, none of the revenue was spent. But the passage of the Natural Resource Fund Act (NRF) allowed the government to withdraw all of the money and use it to finance the budget That…

Focusing heavily on infrastructural development and increased support for the major sectors, the Minister of Finance Dr. Ashni Singh unveiled the government’s $552.9 Billion budget this afternoon in the National Assembly. The Budget represents a 44.3% increase over last year’s budget with a 36.6% increase over last year’s total expenditure. The Minister of Finance in…