News

Economy in good shape

Minister of Finance Winston Jordan and Bank of Guyana Governor Dr Gobind Ganga yesterday insisted that there is no sluggishness in the economy, while saying that the numbers show the economy is doing well and is projected to do even better by year end.

Gov’t seeks IMF’s counsel on lowering VAT

A reduction in the current 16% Value-Added Tax (VAT) rate is not possible before the next budget, according to Finance Minister Winston Jordan, who says that although the Tax Reform Committee (TRC) has made such a recommendation, government has sought guidance from the International Monetary Fund (IMF) to ensure that the right decision is made.

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