News

Finance Minister Dr Ashni Singh (DPI photo)

47.5% growth projected for 2022

With large injections of revenue from the oil and gas sector, Guyana is expected to grow its economy by 47.5% while inflation is pegged at 4.1% for 2022, according to Senior Minister in the Office of the President with responsibility for Finance Dr Ashni Singh.

Budget measures announced by Minister of Finance

Parity in Tax Treatment for Local Content In the interest of ensuring that Guyanese businesses can compete successfully under the new local content framework in the oil and gas sector, the Government will take steps wherever practicable to minimise disparities arising from the tax system that will disadvantage Guyanese businesses against their international counterparts.

   Liza Destiny

Gas to energy project to receive $20.8b

With a massive $20.8b earmarked for the planned gas to energy project, the historic tapping of US$607.6m in oil revenues is the major financier of the 2022 budget and the government is projecting a further US$957.6m in petroleum revenues this year.

Education to get $74.4B in 2022 budget

The government has earmarked a total of $74.4 billion for the education sector in the 2022 national budget and Minister with responsibility for Finance Dr Ashni Singh yesterday detailed plans for improving school buildings, expanding the national feeding programme, better integration of ICT, and increased training for both teachers and young people. 

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