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Having sat through the more than five-hour budget presentation, Opposition Leader Aubrey Norton said while the budget is big on spending, much of that spending will not directly impact the lives of citizens who are faced with rising inflation and a high cost of living. In an initial response to the 2023 budget, Mr. Norton […]
With an aim of continuing the government’s development agenda, Finance Minister Dr. Ashni Singh presented a $781.9 Billion budget to the nation on Monday. In a five and a half hour speech that was punctuated with sips of honey and water, the Finance Minister said the Government intends to continue on its path with major […]
The Government of Guyana has budgeted $136.1B for the enhancement of a number of road and bridge networks across the country including some $10.3B to accelerate the construction of the East Coast–East Bank Road link from Ogle to Eccles. In presenting the National Budget to the National Assembly today, Finance Minister, Dr Ashni Singh, said […]
Of the 102 lifts of crude oil generated in last year, 13 belonged to the Government of Guyana. The Finance Minister Dr. Ashni Singh made the disclosure today while presenting the 2023 National Budget. He disclosed that US$1 Billion was injected into the Natural Resource Fund from profit oil, US$510.2M of which came from Liza […]
The problem plagued Guyana Sugar Corporation will be given another shot in the arm as part of the government’s recovery efforts for the sugar industry. The Minister of Finance has announced the allocation of another $4 Billion to support Guysuco’s field and factory operations in hopes of turning around the industry. This is despite a […]
Prime Minister Mark Phillips has disclosed that ExxonMobil subsidiary – Esso Exploration and Production Guyana Limited (EEPGL) – is funding the construction of the pipeline for the Gas-to-Shore Project at a cost of US$1 Billion. “EEPGL is funding the…US$1B project cost from cost oil,” Prime Minister Phillips said in his written response to a series […]
Guyana’s economy recorded a staggering 62.5% growth in 2022, with the traditional non-oil sector expanding by 11.5%, Finance Minister Dr. Ashni Sigh announced during the presentation of the 2023 National Budget today. In presenting the fourth budget of the current PPP/C administration under the theme, “Improve Lives Today, Building prosperity for tomorrow”, the Finance Minister […]
Two Police Constables and another man are under investigation after they were busted early this morning with a quantity of cocaine and marijuana. Several rounds of live ammunition were also discovered in the car that the three were in. According to reports, Police Constables, Julius Cambridge and Albert Beresford were passengers in a Toyota Allion […]
The government is looking to have a single prison in the country based at Lusignan on the East Coast of Demerara, removing the traditional holding centers at Brickdam and New Amsterdam. Vice President Bharrat Jagdeo made the announcement during a Department of Public Information interview. Speaking ahead of today’s budget presentation, Vice President Jagdeo said […]
The Head of the Customs Anti Narcotics Unit, James Singh, has revealed that there are several Guyanese who are currently under investigation in other territories for cocaine smuggling and other drug-related crimes. Speaking to reporters on Saturday during a destruction exercise for seized cocaine and marijuana, Mr. Singh explained that while in some cases, there […]
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