32.1% overall increase in tax collection recorded in 2022, though VAT collection fell

The Guyana government collected a total of $176.1 billion in internal revenue last year, representing an increase of 32.1% from the previous year. The announcement was made by Senior Minister in the Office the President with responsibility for Finance, Dr. Ashni Singh, during the presentation of the 2023 National Budget. The Finance Minister said the […]

BUDGET 2023: Another $4 Billion allocated to GuySuCo

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 confirms $1Billion cost for gas to shore pipeline

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 […]