President Bharrat Jagdeo yesterday announced a 5% salary hike for public servants, a temporary $4,000 non-taxable payment per month for those earning under $50,000 monthly and an initiative to keep bread prices from rising.
He announced the multi-tiered assistance package to cushion the cost of living during a press conference at the Office of the President yesterday. According to the President, the relief decisions have been based on consultations and feedback from various stakeholders.
As a means of cushioning the effects of the recent increase in the price of flour, the Government will subsidise
