January 26, 2022

A total of $29.4 billion has been allocated to the energy sector in 2022 and a majority of that sum- a total of $20.8 billion- will be channelled towards the development of the Wales Gas-to-Energy project. This is according to Finance…

With work still ongoing to upgrade the country’s main port, the Cheddi Jagan International Airport, the government has allocated large sums to upgrades other airstrips across the country in budget 2022. To this end, some $600 million has…

The government has allocated a whopping $76 billion to cater for the construction and upgrades of key roads and bridges in 2022 with $49.2 billion going to roads and $27.5 billion to be spent on bridges. In relation to roads, key…

A total of $743.7 million has been allocated to the fisheries subsector as part of the government’s intention to expand fishing activities and ease the woes of local fisherfolk. This was announced by the Finance Minister Dr. Ashni Singh…

Building on the $329 million provided to develop small businesses in 2021, the government will be replenishing the Small Business Development Fund with a $300 million allocation, according to Finance Minister Dr. Ashni Singh. The Finance…

The government will be moving ahead with its plans to construct and export houses by selling 120 ready-made houses to Ghana sometime this year, according to Finance Minister Dr. Ashni Singh. During his 2022 Budget presentation, the…

With rice cultivation remaining the main source of economic activity in many rural farming communities, some $20 million has been set aside in the 2022 budget for the procurement of a seed dryer for Black Bush Polder, East Berbice…

The government has allocated an additional $6 billion in the 2022 budget to support the Guyana Sugar Corporation’s (GuySuCo’s) ongoing investment in field and factory operations to turn around the industry with the reopening of estates…

The gold mining subsector represented 8.8 per cent of Guyana’s economic output in 2021 and this sector is expected to contribute significantly to the Guyanese economy again this year, Finance Minister Dr. Ashni Singh has said.…

The government will tap into a US$54 million sum received from Norway, combined with investment income, to build two major drainage channels in Region Five and Six. These channels are expected to provide significant flood-relief to the…