– US$237.5M in carbon credit revenues received to date – Finance Minister Guyana is making significant progress in climate adaptation and Amerindian development with resources earned from the landmark Low Carbon Development Strategy (LCDS) 2030 framework. The revised strategy, led Guyana to secure the largest carbon deal globally, valued at US$750 million in 2022. The […]
The 40 houses that are under construction at Five Miles Housing Scheme Phase II in Bartica, Region Seven, are slated for completion by February month-end. During an inspection of the project on Saturday, Minister of Housing and Water Collin Croal expressed satisfaction with the works completed thus far in the scheme. The government is investing […]
The Ministry of Education’s textbook programme will continue to expand in 2025 with a budgetary allocation of $2 billion. In efforts to promote literacy levels and ease financial burdens, the government rolled out this initiative to several schools in every region, prioritising each child’s academic needs regardless of their location. According to Senior Minister within […]
– $90B allocated to reduce cost of living, increase disposable income Guyana’s largest fiscal framework, totaling over $1.38 trillion, is anchored by a $90 billion in relief measures intended to reduce the cost of living and increase disposable income for thousands of Guyanese. The proposed measures were announced by the Senior Minister in the Office […]
– $100k one-off cash grant for every newborn baby The government will be providing a $10,000 Universal Healthcare Voucher this year to every person in the country to help finance a basic menu of medical tests. During his presentation of Budget 2025 on Friday, Senior Minister in the Office of the President with Responsibility […]
– tax break for persons working overtime, two jobs Taxpayers in the public and private sector will breathe a sigh of relief as the government increases the income tax threshold from $100,000 to $130,000. Income tax threshold is the established amount of money that is taxable. It means once a person earns more than the […]
The government will continue its work of developing Amerindian communities and livelihoods, with $7.2 billion earmarked in the 2025 National Budget. Senior Minister in the Office of the President with responsibility for Finance and the Public Service, Dr Ashni Singh made the announcement during his presentation of the fiscal plan at the Arthur Chung Conference […]
Senior Minister in the Office of the President with responsibility for Finance and the Public Service, Dr Ashni Singh, has announced a whopping $209.3 billion allocation for road and bridge infrastructure development nationwide. In his detailed presentation of the 2025 budget, the senior minister noted that over 4,000 dilapidated community roads and mud dams were […]
The old age pension in Guyana is set to increase to $41,000 per month, effective January 1, 2025. The total pension payout for 2025 is projected to exceed $37 billion. This was announced by Senior Minister within the Office of the President with responsibility for Finance and Public Service, Dr. Ashni Singh, during his 2025 […]
Senior Minister in the Office of the President with responsibility for Finance and Public Service, Dr Ashni Singh has announced that sums totalling $108.7 billion has been set aside to strengthen Guyana’s security sector in 2025. He made the disclosure during his presentation of Budget 2025 at the National Assembly, on Friday. This year, $4.7 […]