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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, […]
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. […]
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 […]
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 […]
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 […]
With the unveiling of the 2024 National Budget set for Monday, the Alliance For Change political party has offered recommendations of its own. The AFC has proposed that residential house lots be made free, allowances for cost-of-living-allowance to be made available and a reduction in taxes including Value-Added Tax (VAT). AFC Executive, Juretha Fernandes told […]
The World Bank has estimated the continued growth of Guyana’s economy despite several global shocks especially in the Middle East. In its 2024 Global Economic Prospects report, the World Bank stated that the Caribbean economies are expected to grow 7.6 percent in 2024 and 5.4 percent in 2025, after expanding 4.6 percent in 2023. That […]
The Demerara Harbour Bridge Corporation intends to take tough actions against persons who continuously flout the regulations of the bridge and cause avoidable accidents and incidents. In a statement, the Bridge Management today said it has observed an increase in vehicles overtaking during the standard two-way traffic crossing on the Demerara Harbour Bridge. The bridge […]
Offering an insight into the upcoming 2024 National Budget, Vice President, Bharrat Jagdeo has assured that no new taxes would be imposed on Guyanese, as the Government advances economic growth programme. “It has been a trend of the PPP governments. This is something we promised in our Local Government campaign – no new taxes. But […]
The Leader of the Opposition, Aubrey Norton, today defended his decision to shake-up the Opposition’s Shadow Cabinet in the National Assembly. Opposition MP Jermaine Figueira has protested the move, which will see him no longer shadowing the Culture, Youth and Sport Ministry. In a lengthy missive to the Central Executive Committee (CEC) of the People’s […]
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