Last Updated on Tuesday, 11 August 2015, 14:27 by GxMedia During the presentation of Budget 2015 on Monday, Finance Minister, Winston Jordon, said “…we can all agree that no women should die giving life,” before announcing that “over $133.1 million will be spent on the expansion of the Georgetown Public Hospital Corporation (GPHC) maternity unity, increasing that facility’s bed capacity ...

Last Updated on Tuesday, 11 August 2015, 14:18 by GxMedia As revelations about the former administration’s mismanagement of the PetroCaribe Fund continue to be made, Finance Minister, Winston Jordan, on Monday disclosed that having driven the Fund to a point of near depletion, the former administration pressured the Guyana Energy Agency (GEA) pay Venezuela amounts it was due to ensure ...

Last Updated on Tuesday, 11 August 2015, 2:42 by GxMedia The coalition government appears set to fight the scourge of drug trafficking aggressively if the more than doubling of its allocation of funds to the Customs Anti-Narcotics Unit (CANU) is anything to go by. The Estimates for the 2015 National Budget show that allocations for the Customs Anti Narcotics Unit ...

Last Updated on Tuesday, 11 August 2015, 1:36 by GxMedia by Dr. Peter Ramsaroop The first failure of APNU Jordan’s formulation ofthe 2015 budget was the title “A Fresh Approach”.  His reading of the 2015 budget demonstrated border line incompetence as an Economist.  His title should have read “Building on Economic Success”.  Financial Data numbers at the transition distinctly demonstrated ...

Last Updated on Monday, 10 August 2015, 21:57 by GxMedia by Zena Henry Minister of Finance Winston Jordan has proposed an amendment to the Income Tax Act Cap. 81:01 to do away with taxes placed on National Insurance Scheme (NIS) contributions. The Minister in his Budget speech said that the amendment seeks to insert after Section 16(b): “(i) National Insurance ...

Last Updated on Monday, 10 August 2015, 21:49 by GxMedia by Zena Henry With GUY$500 million being plugged into the restoration of the nation’s capital by the PPP last year, the new government is injecting another $300million to boast the looks of Georgetown. This came from Finance Minister Winston Jordan’s 2015 budget, Monday August 10. He said, “As proud Guyanese, ...

Last Updated on Monday, 10 August 2015, 21:07 by GxMedia by Zena Henry The government has increased old age pension by $4000, while public assistance has grown by $600. This revelation came during the 2015 Budget speech. He said that, From September 1, every pensioner will benefit equally from a monthly pension of $17,000, a 30 percent increase on the ...

Last Updated on Monday, 10 August 2015, 20:49 by GxMedia by Zena Henry By September 1, 2015, government will reduce the Berbice Bridge toll for passenger cars and buses from $2,200 to $1,900, while other types of vehicles will be reduced by 10 percent. This is according to Finance Minister Winston Jordan who presented the 2015 Financial Statement, 2015. The ...

Last Updated on Monday, 10 August 2015, 20:42 by GxMedia Finance Minister, Winston Jordan, on Monday revealed that government will expend $1.7 billion to pay for 9,609 laptops which it has decided will be disseminated to “educators, students, institutions of learning and community-based organisations.” The laptops were ordered by the former administration under the One Laptop per Family Project (OLPF) ...

Last Updated on Monday, 10 August 2015, 20:40 by GxMedia Government plans to spend $13 billion for the construction and rehabilitation of roads and bridges across Guyana.  This is according to Finance Minister Winston Jordon, who made the revelation during his presentation of Budget 2015 on Monday.  “…in 2015, the sum of $13 billion has been allocated for the enhancing ...