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Daily Archives: Friday, 29 January 2016, 22:38

Transportation costs to increase- Jagdeo

Last Updated on Friday, 29 January 2016, 23:34 by Denis Chabrol 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 ...

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

Last Updated on Friday, 29 January 2016, 23:32 by Denis Chabrol 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 ...

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GGMC Commissioner fired

Last Updated on Friday, 29 January 2016, 18:18 by Denis Chabrol 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 ...

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

Last Updated on Friday, 29 January 2016, 18:08 by Denis Chabrol 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 ...

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Economy to grow by 4.4%; inflation at 2%

Last Updated on Friday, 29 January 2016, 17:59 by Writer 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 ...

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Public Servants salary increases to be announced later

Last Updated on Friday, 29 January 2016, 16:53 by Denis Chabrol 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 – ...

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

Last Updated on Friday, 29 January 2016, 16:49 by Writer 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, ...

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No excise tax on vehicles under 4 years old; Ban on used tyres to be implemented

Last Updated on Friday, 29 January 2016, 16:53 by Denis Chabrol  Government has announced its intention to increase sweeping reforms the tax sector which include the removal of excise tax on new vehicles that are under 4 years old. This was announced by Finance Minister Winston Jordan in his 2016 Budget Speech.   According to the Minister, persons importing vehicle ...

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Finance Minister announces slight decrease in fuel prices

Last Updated on Friday, 29 January 2016, 21:59 by Denis Chabrol 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 ...

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

Last Updated on Friday, 29 January 2016, 15:30 by Writer 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. ...

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