The need for the private sector to implement similar measures as those applied by the Government last week with regard to the cost of living was one of the measures discussed when President Bharrat Jagdeo met with members of the Private Sector Commission at the Office of the President yesterday.
Last week the President announced several interventions to ease the rising cost of living burden on Guyanese. These include subsidizing the 25% increase in the price of flour, a $4000 tax-free cost of living allowance for Government workers who earn $50,000 and less and a five percent increase in wages and salaries for all Government employees retroactive from January, 2008.
