• CDB proposes US$129m for Guyana over five years

    The Board of Directors of the Caribbean Development Bank (CDB) has approved a country strategy for Guyana for the period 2017 to 2021 for US$194m which includes US$65m from the UK in a previously approved programme. 0

  • Changes to VAT needed to bolster revenue base, curb evasion -Jordan

    Changes proposed for the Value-Added Tax (VAT) system are necessary to strengthen a revenue source which had been weakened by the excessive granting of tax exemptions, waivers and concessions under the former People’s Progressive Party\Civic (PPP/C) government, Minister of Finance Winston Jordan said yesterday. 0

  • Jagdeo says ‘visionless’ budget all about taxes, not jobs or investment

    Opposition Leader Bharrat Jagdeo yesterday laced into government’s proposed 2017 budget, charging that it shows no vision for investments and job creation and places an enormous tax burden on Guyana’s citizenry. 0

  • Sugar still comatose despite $23B gov’t injection, PM tells House

    Having inherited a sugar industry shackled on a “death bed” by $85 billion in debt, a bailout became necessary to keep sugar workers employed despite the strain on other sectors and the treasury, Prime Minister Moses Nagamootoo said yesterday, as he rubbished claims by the opposition PPP/C that government was ‘killing sugar.’ Nagamootoo, who was the penultimate speaker in the  budget debate, went all out to justify government’s decision to give the industry bailouts totalling $23 billion and its intention to hand over a further $9 billion next year. 0

  • Public servants to get $25,000 tax-free Christmas bonus

    Public servants have been granted a $25,000 Christmas bonus by the government, Minister of Finance Winston Jordan announced yesterday, while declaring that it will help “ease the journey to the good life.” “Mr Speaker, I am pleased to announce the payment of a one-off, tax-free bonus of $25,000 to all public servants earning less than $500,000 per month, who fall within the ministries, departments and regions,” Jordan told the house as he closed the debate on the proposed 2017 budget. 0

Columbia

Some 2,000 people live in the small village of Columbia, on the Essequibo Coast, which fits snug between Aberdeen and Affiance and the majority of them are Hindus, while a few are Muslims.

What the people say about…

This week we asked the man/woman in the street what they thought about the government’s budget proposal to implement the value-added tax on water and electricity where bills exceed $10,000 and $1,500 respectively.

  • CLICO probe cost T&T taxpayers $109m

    (Trinidad Express) The CLICO Enquiry cost taxpayers $109 million, of which $89 million constituted legal fees. The documentation was laid yesterday in Parliament, International Waterfront Centre, Port of Spain, in the name of the Prime Minister, by Leader of Government Business Minister Camille Robinson Regis, and covered expenses for the Colman Enquiry into CLICO and the Hindu Credit Union (HCU).

  • Celebrating our Jubilee

    We are still in our Jubilee Year though the ceremonies and celebrations put together to mark the 50th Anniversary of Guyana’s independence have passed and gone without matching the hype and hoopla that had been attached to the buildup to the event.