Politics

Guyana and UK looking to strengthen ties and relations as oil sector emerges

Guyana and the United Kingdom are working to build relations and cooperation for the emerging oil sector in Guyana. Guyana’s High Commissioner to the UK, Frederick Hamley Case and the British High Commissioner to Guyana, Greg Quinn, are leading a delegation to the Scottish city of Aberdeen, which is aimed at building relationships to support […]

$52 Billion to be pumped into education sector; Various initiatives and programmes to expand -Finance Minister

Finance Minister Winston Jordan announced on Monday that the Government plans to invest $52.2 billion in the education sector in 2019. He said that represents a 15.6 percent increase over the 2018 allocation. According to the Minister, the budget will address disparities in the education sector such as bridging the gap between coastal and hinterland […]

Budget 2019: $1.7 Billion allocated in Budget for Youth Initiatives and Programmes

Minister of Finance Winston Jordan during his budget presentation today revealed that the Government has budgeted $1.7 billion to continue various youth initiatives, in 2019. “The Youth Innovation Project of Guyana, which is aimed at fostering a green economy, is in receipt of 271 proposals for project implementation, of which 30 have qualified to receive funding […]

Budget 2019: Old Age Pension and Public Assistance increase by $1000; Tax Threshold also sees increase

The 2019 Budget which was presented by Finance Minister Winston Jordan today in the National Assembly outlines a number of fiscal adjustments, which he believes, will provide benefits for employees and senior citizens. The $300.7 Billion budget was presented under the theme: “Transforming the Economy, Empowering People, Building Sustainable Communities for the Good Life.” Old […]

Budget 2019: Economy saw 3.4% growth rate in 2018

-by Ravin Singh- Despite lower-than-expected performance in the gold and sugar industries for 2018, Guyana’s real Gross Domestic Product (GDP), grew by 3.4%, Minister of Finance Winston Jordan announced today during his 2019 Budget presentation in the National Assembly. Real GDP is an inflation-adjusted measure that reflects the value of all goods and services produced […]