By News Source Guyana on January 16, 2024
News, Politics
With hundreds of nurses migrating annually, leaving the health sector crippled, the Government intends to spend over $1.4 billion to construct new facilities for the training of new healthcare professionals. According to the Finance Minister, new training facilities will be built in the Berbice area. “We are investing heavily in the training of health science […]
By News Source Guyana on January 16, 2024
News, Politics
Although the Central Bank recorded a deficit of $202.9 billion or 5.8 percent of GDP, at the end of 2023, Tax Revenue collection soared to $366.6 billion last year. During the presentation of the 2024 National Budget, Finance Minister, Dr. Ashni Singh said the collections were aided by strong economic growth Additionally, the Finance Minister […]
By News Source Guyana on January 16, 2024
News, Politics
The APNU+AFC Opposition has described Budget 2024 as one that is geared towards ensuring the rich becomes richer, while other citizens continue to face the full effects of the rise in the cost of living. Minister responsible for Finance, Dr. Ashni Singh, unveiled a $1.146 trillion budget in the National Assembly yesterday, with billions of […]
By News Source Guyana on January 16, 2024
Caribbean & International, News, Politics
With the Government tapping in to the earnings from the oil sector, the Finance Minister announced a $1.146 trillion budget on Monday, representing an increase of more than 46% over last year’s budget. There are no new taxes in the budget and a number of measures that were put in place to keep fuel prices […]
By News Source Guyana on January 15, 2024
News, Politics
A sum of $204.1 billion has been allocated in this year’s budget to enhance road and bridge networks across the country, including a $4.2B injection into the Four-Lane Bridge at Wismar, $19.7B to advance works on the new Demerara Harbour bridge crossing and $10B for the first phase upgrades to the Linden/Soesdyke Highway. The budget […]
By News Source Guyana on January 15, 2024
News, Politics
The Government intends to inject $97.6B into the Agriculture Sector to advance its growth and development, Finance Minister, Dr Ashni Singh, told the National Assembly today as he presented the Budget. In delivering his address, Dr Singh told the House that since 2020, the Agriculture Sector has been experiencing rapid transformation, evolving from small scale, […]
By News Source Guyana on January 15, 2024
News, Politics
The Guyana Sugar Corporation will be given another shot in the arm as part of the government’s recovery efforts for the sugar industry with another $6 Billion budgeted for the industry this year, as part of the allocations for Agriculture. During the presentation of the 2024 National Budget, the Minister with Responsibility for Finance, Dr. […]
By News Source Guyana on January 15, 2024
News, Politics
Guyana received over US$1.3 Billion in revenues from oil production in the Stabroek Block, Minister with responsibility for Finance, Dr Ashni Singh disclosed in the National Assembly this afternoon as he presented the 2024 Budget. It was explained that in 2023, there were 142 lifts of crude oil from Guyana’s Floating Production Storage and Offloading […]
By News Source Guyana on January 15, 2024
News, Politics
Guyana’s economy recorded a 33% growth rate last year, in comparison to the 62.3 growth rate in 2022, with the traditional non-oil sector expanding by 11%, Finance Minister Dr. Ashni Singh announced during the presentation of the 2024 National Budget this afternoon. The economy is expected to see continued growth this year. In presenting the […]
By News Source Guyana on January 15, 2024
News, Politics
The Government through the Attorney General Chambers, will be moving to the Court of Appeal, to appeal a High Court ruling that found the deduction of payments for nurses who were involved in a protest over their working conditions, was unlawful. In March 2021, the then management of the Linden Hospital, refused to pay the […]
