News

NIS’ long-term viability threatened – Singh

Senior Minister within the Office of the President with the Responsibility for Finance Dr Ashni Singh said that the National Insurance Scheme (NIS) faces serious challenges regarding its long-term viability and work has commenced looking at recommendations to implement lasting reforms to the institution.

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.

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