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Tag Archives: oil revenues

Bulk of oil wealth to trickle down to ordinary Guyanese -Granger

President David Granger promises that the bulk of Guyana’s oil revenues will trickle down to ordinary people and some will be used to revive the country’s village economies and social programmes. “We will put the benefit, we will put the profit, we will put the better part of that petroleum revenue to ensure that your children will never be poor ...

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Coalition to promise tax breaks in 5-year manifesto

Finance Minister, Winston Jordan says the governing coalition’s general election campaign will not be pegged on the immediate benefits of oil money next year, but will list a number of tax concessions leading up to 2025 as more oil revenues pour in. He says lower individual, corporate, value-added and other taxes will find their way into the manifesto of the ...

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Carl Greenidge, WPA executive members clash on direct cash transfers from oil money

Former Foreign Minister Carl Greenidge has confirmed that the Guyana government does not favour direct cash transfers into the hands of ordinary Guyanese on the grounds that it will encourage unemployment, a position that was roundly rejected by Chairman of the Buxton First of August Movement (FAM-Buxton), Professor David Hinds. “I don’t know that one can give a definitive answer ...

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Scrap taxes instead of giving ‘oil money’ handouts – Investment Fund Manager

The idea of handing out ‘oil money’ to Guyanese continues to get low marks from experts such as Finance Minister Winston Jordan and Investment Fund Manager, David Pollard. Delivering a public interest lecture on the “Impact of Oil Revenues on Guyana” under the auspices of the Guyana Securities Council, Pollard made it clear that cash handouts would encourage laziness among ...

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New Public Service Minister intends to take WPA positions to Cabinet; getting oil cash transfers to poor a priority

Newly-appointed Public Service Minister, Tabitha Sarabo-Halley says she plans to take the positions of her party, the Working People’s Alliance (WPA), to Cabinet and among her priorities is cash-transfers from oil revenues to the working poor. She said, as WPA Chairperson, she would help to bridge the gap between her party and the coalition government of A Partnership for National ...

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