Tag Archives: Guyana

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 ...

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 ...

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 ...

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. ...

 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 under 4 years old and under 1500cc will no longer be ...

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 ...

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 ...

Another oil company has been granted oil exploratory license from the Government of Guyana to conduct exploration in the Orinduik Block. This is according to Finance Minister Winston Jordan who made the announcement during his Budget 2016 Speech noting that oil is poised to become an important industry for Guyana. “A Petroleum Prospecting Licence and Production Sharing Agreement have been ...

In a surprise move on Thursday, Finance Minister Winston Jordan has announced that more money will be given as subvention to the National Communications Network (NCN). Jordan made the announcement while delivering his speech for Budget 2016, which was presented to the National Assembly. In 2015 NCN which fell under the remit of the Prime Minister in the new dispensation ...

Even as government increased the Income Tax threshold from GYD$50,000 to GYD$55,000, it announced that a range of fees would increased. In relation to public sector wages and salaries, Finance Minister Winston Jordan  did not announce a specific increase in wages and salaries because that would be subjected to negotiations with the trade unions. They include gun licenses. No specific ...