Senior Minister in the Office of the President with responsibility for finance, Dr. Ashni Singh said government intends to address disparities in the tax system which have disadvantaged local companies against their foreign counterparts in the oil and gas sector. He made the statement during his presentation of Budget 2022 on Wednesday. “This will help […]
Some $2.3 billion has been allocated to increase old age pension from $25,000 to $28,000 monthly, which will see 65,000 senior citizens benefitting nationwide. Senior Minister in the Office of the President with responsibility for finance, Dr. Ashni Singh, M.P, made the announcement Wednesday, during the presentation of Budget 2022 in the National Assembly under […]
– several new schools to be built, others reconstructed With focus on providing equitable access to quality education, the government has budgeted $74.4 billion for the country’s education sector. This caters for reforming the school curriculum, expanding teachers’ training programmes, construction of new schools and establishing robust systems among others. This year, the education ministry […]
The economies of Amerindian villages will expand rapidly in 2022, with the massive support being given by government through Budget 2022. Key among the initiatives to improve the lives of hinterland residents is the tractor distribution initiative, started under the Minister of Amerindian Affairs, Pauline Sukhai, M.P. Senior Minister in the Office of the President […]
-20 villages to receive titles in 2022 Government is committed to Amerindian development and empowerment through the land titling programme. In National Budget 2022, government proposes to massively increase the subvention for that programme, to allow 20 communities to have titled lands. During the presentation of the Budget in the National Assembly, on Wednesday, Senior […]
A sum of $2.2 billion has been allocated to expand and develop the nation’s sport sector in 2022. This was announced by Senior Minister in the Office of the President with responsibility for finance, Dr. Ashni Singh, while presenting Budget 2022 to the National Assembly Wednesday. “The sports programme aims to ensure that all Guyanese […]-slew of measures to improve cost of living Government today presented a massive $552.9 billion budget in the National Assembly, making it the largest fiscal plan to date; one that is transformative. The budget themed, ‘Steadfast against all challenges, Resolute in building our One Guyana,’ contains a slew of measures to create wealth for all […]
Given the ramp-up in oil production expected in 2022, Guyana expects that its Natural Resource Fund will receive nearly US$1 billion in 2022. This was related to the National Assembly by Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh during his Budget 2022 address. “It is estimated that […]Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh, M.P., on Wednesday announced a $73.2 billion injection into the health sector for 2022. The sum is some $19.7 billion more than what was allocated to the sector in 2021. Dr. Singh said government will be providing a world class healthcare […]
Government projects that Guyana’s overall economic growth for 2022, with the implementation of its transformative budget, will be 47.5%. This was disclosed by Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh. “Real [gross domestic product] GDP is projected to grow by 47.5 percent, a rate of growth which […]