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Tag Archives: cost of living

Norton’s gas price subsidy is “cake-shop” economics – Jagdeo

Vice President Bharrat Jagdeo on Wednesday frowned on Opposition Leader Aubrey Norton’s proposed subsidy on the price of gasoline in order to ease the rising cost of living. Mr Norton specifically recommended that the government should ensure gas prices do not increase above a determined level by compensating suppliers for any price increases where the excise tax reductions have already ...

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Income tax threshold increases, higher pension, school children grants, measures to reduce cost of living announced

Guyanese who earn $75,000 per month or less will no longer have to pay income tax. Finance Minister Dr Ashni Singh made the announcement in his 2022 National Budget speech. “In this regard, we are proposing to increase the monthly income tax threshold from $65,000 to $75,000 monthly, thereby releasing a total of $1.3 billion into the hands of current ...

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Change Guyana promises cheaper cars, no VAT on mobile data, electricity or water

The Change Guyana political party on Tuesday proposed a steep reduction or elimination of a range of taxes as a way of reducing poverty and stimulating private sector-led development. The party is promising to make the first GYD$100,000 of salaries free from income tax in 2020, in view of its calculation that a household cost of living is GYD$120,000 per ...

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