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Tag Archives: National Budget

Use ‘oil money’ to provide income tax relief, increased pensions, grants, improved infrastructure

The opposition People’s National Congress Reform (PNCR) on Friday recommended that government considers a raft of measures, including lower income tax, fatter pay packets and increased pensions in the 2022 national budget to cushion the impact of the 20-percent increase in the cost of basic items. Highlighting that Guyana’s economy was projected to record real growth of 49.7% plus US$607 ...

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National budget one-twelfth formula to be activated if no general elections before Dec 31

The Guyana government would have to resort to using one-twelfth of this year’s national budget and would be unable to finance new projects if general elections are not called before yearend, Finance Minister Winston Jordan said. He said this year’s budget expires on December 31. “Come January, people will be paid their salaries and so on but you will not ...

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Budget 2016: Jagdeo wants “huge” salary increases for public servants

Opposition Leader Bharrat Jagdeo has huge expectations of the APNU+AFC administration relative to the 2016 Budget slated for presentation on Friday January 29. Jagdeo at a press conference on Wednesday read out some of his expectations on what he hopes to see as part of the 2016 Budget. Those include salary increases and tax reductions. He said that there should ...

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