Politics

$552.9 Billion Budget unveiled; Billions earmarked for major infrastructure, health and education projects

Focusing heavily on infrastructural development and increased support for the major sectors, the Minister of Finance Dr. Ashni Singh unveiled the government’s $552.9 Billion budget this afternoon in the National Assembly. The Budget represents a 44.3% increase over last year’s budget with a 36.6% increase over last year’s total expenditure. The Minister of Finance in […]

Budget 2022: $76.7 Billion allocated for roads and bridges; Preparation works for new Demerara bridge to begin

The Government has allocated $76.7 Billion for roads and bridges in this year’s budget/ Of that amount, $49.2 billion will be spent on roads and $27.5 billion on bridges. The Minister of Finance announced that key allocations include provisions of: $8.3 billion for the rehabilitation of the Corentyne Main Road from Palmyra to Crabwood Creek […]

Budget 2022: Guysuco to receive $6 Billion in revitalization push

Although the sugar industry remains on the decline, the Government will be pumping more money into the industry in its revitalization efforts. The Minister of Finance announced the allocation of  $6 Billion to support the Guyana Sugar Corporations’ (GUYSUCO) field and factory operations in hopes of turning around the industry. For over a decade, GUYSUCO […]

People-centered Budget to put more money in pockets of citizens -President Ali assures

Ahead of tomorrow’s presentation of the National Budget, President Irfaan Ali tonight addressed the nation where he laid out some of his government’s policies and programmes for the year, declaring that Budget 2022 will be people-centered and people-driven. He said the budget will focus heavily on increasing disposable incomes for individuals and households, the first […]