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Daily Archives: January 26, 2022

Country’s largest budget of $552.9B fuelled by oil revenues

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Guyana 2022 national budget of $552.9 billion was fuelled by oil revenues. Since the country began producing oil over five years ago, none of the...

BUDGET 2022: Less taxes to pay as income tax threshold moves to $75,000

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Workers will now be paying less tax from their salaries as the government has proposed increasing the monthly income tax threshold to $75,000, according...

BUDGET 2022 sees increases in old age pension, public assistance & school grants

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The government has announced increases in budget 2022 for the old age pension, public assistance and two key grants given to school aged children. Finance...

BUDGET 2022: $5B to cushion rising food prices as Gov’t reduces gas, freight prices

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With several measures in budget 2022 to ease the effects of the rising cost of living, the government has set aside the sum of...

Budget 2022: Tax cuts for pickups, trucks, contractors and Guyanese businesses

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In its push to improve business competitiveness, promote local content and support job creation, the government has announced tax reductions as part of its...

BUDGET 2022: $2.2B allocated for development of Sport

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Sport has seen another significant increase in its budgetary allocations with the government investing $2.2 billion, according to Finance Minister, Dr. Ashni Singh. Dr. Singh...

BUDGET 2022: More training for police officers; increased fire service capacity

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The training of police officers and boosting the capacity of the Guyana Fire Service are part of the numerous initiatives catered for in the...

BUDGET 2022: Building schools, scholarships big focus of $74.4 B education budget

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Finance Minister Dr. Ashni Singh has announced that $74.4 billion has been allocated to improving access to education and education delivery in the 2022...

BUDGET 2022: Six new hospitals, mental health & COVID big focus of $73.2 B...

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A total of $73.2 billion has been allocated to the health sector in the 2022 National Budget and of that sum, $12.4 billion will...

BUDGET 2022: Stellings to get $456M upgrades, port facilities for river mouths

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In budget 2022, the government is encouraging private investments to develop port facilities at the mouth of the country’s main rivers (Berbice, Demerara and...

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