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Daily Archives: January 29, 2016

Transportation costs to increase- Jagdeo

Opposition Leader, Bharrat Jagdeo forecasts a hike in transportation due to the ban on used tyres and a restriction on the importation of used vehicles to eight years and under- effectively pushing up the cost of acquiring vehicles. “If you have to buy new tyres, if you can’t get a new vehicle that is more than eight years old… I ...

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NEW RULES: Pay your taxes first before you’re granted licenses, exemptions- Finance Minister

Opposition Leader, Bharrat Jagdeo was Friday afternoon riled by government’s announcement that Guyanese would first have to prove that they are paying their taxes before they are granted licences and tax exemptions. “This is a big brother kind of approach. The GRA (Guyana Revenue Authority) will now have a primary part in our lives once again. It is an old Burnhamite ...

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GGMC Commissioner fired

Rickford Vieria has been fired from the post of Commissioner of the Guyana Geology and Mines Commission, following months of concerns about his performance at that regulatory agency. The Ministry of Natural Resources announced his dismissal in a statement: After careful consideration and advice, the Ministry of Natural Resources has decided to act on the recommendation of the Board of ...

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“Anti-poor, anti-development” – Jagdeo says “this budget cannot start the good life”

Mere minutes after Finance Minister Winston Jordan announced a GYD$230B Budget for 2016, Opposition Leader Bharrat Jagdeo says that the Budget is “anti-poor and anti-development.” Jagdeo at a press conference shortly after Jordan concluded his budget speech declared that some Guyanese are still confused and might still be trying to figure out what really happened in the National Assembly. He ...

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Economy to grow by 4.4%; inflation at 2%

Guyana’s economy is predicted to grow by some 4.4% in 2016, says Finance Minister Winston Jordan. Jordan during the presentation of his 2016 Budget stated that while Guyana recorded economic growth of 3% in 2015, the economy will rebound in 2016. He said that having emerged from the disruptive year that was 2015, the clear expectation is that 2016 will ...

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Public Servants salary increases to be announced later

Public Servants in Guyana will have to wait a little longer than January 29, to know what increases they will be given if any in 2016. During the presentation of the 2016 Budget on January 29, Finance Minister Winston Jordan did not announce an increase for public servants – a gross deviation from the norm. In his address to the ...

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Pension increased by $1200; Public assistance gets $1300 boost

The Government of Guyana in its 2016 Budget has revealed an increase to pension by $1200 and public assistance increase by $1300. This was revealed by Finance Minister Winston Jordan during the presentation of his 2016 Budget speech to the National Assembly on Thursday. He said that effective April 1, 2016 Old Age Pension will increase from $17,000 to $18,200. ...

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Finance Minister announces slight decrease in fuel prices

Government’s announcement of a reduction in fuel prices  from Monday, February 1 will now see consumers paying less than GYD$90 dollars off of a gallon of gasoline at the pumps of the state-owned Guyana Oil Company (GuyOil). In his 2016 National Budget presentation on Friday, Finance Minister,Winston Jordan  also announced that the price of diesel will be reduced by less ...

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$3.1B for ICT; Information Technology Center to be established

Finance Minister Winston Jordan has revealed that the government has plans to increase its investments in the Information Technology Sector with over $3B budgeted for works in the sector. Jordan made the announcement during the presentation of Budget 2016, under the theme Stimulating Growth, Restoring Confidence: The Good Life Beckons. He said that in providing a better life for all ...

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