The Government of Guyana has set aside $349.6 million in its 2023 budget to support the further development of the local fisheries and aquaculture industry. Importantly, the financial injection will facilitate a major expansion of the evolving brackish water shrimp project and the establishment of new vannamei shrimp farms. The PPP/C Administration sees the fisheries […]
As part of its efforts to meet the increasing demand for qualified persons and to strengthen Guyana’s human resource capacity, the government has allocated some $3.7 billion to manage and develop the University of Guyana (UG) in 2023. This sum is for the administration and expansion of operations at the institution’s Turkeyen and Berbice […]
His Excellency, Dr Mohamed Irfaan Ali has described the 2023 National Budget as ‘transitional,’ as it addresses the immediate needs of citizens while making important investments for the future. The $781.9 billion budget was presented by Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh on Monday. It is […]
– largest in the country’s history, includes no new taxes The 2023 National Budget, valued at some $781.9 billion was on Monday tabled in the National Assembly under the theme “Improving Lives Today, Building Prosperity Tomorrow”. The fiscal plan, 41.4 per cent larger than 2022, is fully financed with no new taxes and is the […]
– $4.3B for sport, $277M for the preservation of cultural heritage sites Since taking office in August 2020, the PPP/C Administration’s commitment to building a more inclusive society, saw continued investments in the young people of the country, through the Ministry of Culture, Youth, and Sport (MOCYS). Building on this commitment, Senior Minister in the […]
– public assistance is now $16,000 The Government of Guyana announced Monday that the old age pension has been increased from $28,000 to $33,000 effective January 1, 2023. The increase will benefit more than 73,000 senior citizens nationwide placing some $4.4 billion in disposable income in the pockets of Guyanese 65 years and older. […]
– Measures seek to improve domestic tourism Given the ease of access that hinterland airstrips afford, Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh, announced that $1.6 billion has been earmarked in the 2023 budget for the rehabilitation of those airstrips. Three of these airstrips will be completed […]
Government has placed heavy emphasis on the health sector in 2023, allocating a mammoth $84 billion to ensure there is rapid infrastructural development, as well as better access to primary healthcare. Senior Minister in the Office of the President with responsibility for Finance, Dr Ashni Singh, noted that $1 billion is allocated for retrofitting health […]
Government, through the Labour Ministry, continues to create avenues for upskilling and employment countrywide, equipping thousands of Guyanese with new skills and strengthening the country’s workforce. The ministry, through the Board of Industrial Training (BIT), will continue to roll out its technical and vocational training courses, to ensure every citizen has equal access to opportunities […]
– Increased to $35,000 with existing $5,000 school uniform grant Remaining staunch in its commitment to the nation’s children, government has now proposed the increase of the Because We Care cash grant from $25,000 to $35,000. This will benefit over 214,000 schoolchildren in public and private schools across the country. This disclosure was made by […]