News

GTUC not consulted for united May Day rally

The umbrella trade union body in Guyana, the Guyana Trades Union Congress has blasted Minister within the Ministry of Social Protection Keith Scott, over reports that he had consulted with a number of trade unions and an agreement was reached that there will be one united Labour Day rally on May 1. The  GTUC in […]

Jagdeo calls budget anti-poor, anti-development and disappointing

Minutes after Finance Minister Winston Jordan wrapped up his 2016 budget presentation, Opposition Leader Bharrat Jagdeo took to the media, describing the annual fiscal plan as “anti-development, anti-poor and disappointing”. Jagdeo decried the $230 Billion financial plan and trashed the theme, saying the measures were no guarantee for the restoration of confidence or the stimulation […]

Vehicles four years old and under to attract lower taxes

The Government of Guyana has announced sweeping changes in the taxes associated with the importation of motor vehicles that it hopes will trigger better care for the environment. Finance Minister Winston Jordan on Friday announced that the government will remove the excise tax on motor vehicles that are under four years old and which would […]

Increases for public servants will have to await negotiations with unions -Finance Minister

There was no announcement on salary increases for public servants in the 2016 National Budget, despite calls from the opposition People’s Progressive Party for substantial increases to be offered. Finance Minister Winston Jordan told the National Assembly that those increases will have to await the conclusion of discussions with the relevant unions. “The Government understands […]

Old Age Pension goes up to $18,200

Finance Minister Winston Jordan has announced that with effect from April 1, 2016, the  Old Age Pension will increase from $17,000 to $18,200. According to the Minister, nearly 50,000 pensioners are expected to benefit from the increase. He said “in the short space of eight months, this Coalition Government has been able to increase old […]

Government announces reduction of fuel prices

The government has announced that effective from February 1, 2016, the state owned oil company, Guyoil, will reduce the cost for gasolene to $170 per litre. Currently the price stands at $190 per litre. The price for diesel will be reduced to $150 per litre from the current $161 and the price for a litre […]

$300 Million for 50th Independence Anniversary Celebrations

Finance Minister Winston Jordan has announced that the government has allocated $300 Million to cover all costs associated with the hosting of the various celebrations for Guyana’s 50th Independence anniversary. Minister Jordan said that the government has been paying close attention to national cohesion and will be pushing that message throughout this 50th year of […]

Guyana’s economy has started to rebound -Finance Minister

In his second National Budget in less than six months, Guyana’s Minister of Finance, Winston Jordan, told the National Assembly that Guyana’s economy has started to see a turn around. Mr. Jordan in his budget presentation reflected on the economy over the past year, pointing out that the last budget was presented just after the […]