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The old-age pension for about 95,000 pensioners all across the country has increased from $41,000 to $46,000, while a new $20,000 transportation grant for these senior citizens has been introduced. These were budgetary measures announced by Finance Minister Dr Ashni Singh on Monday night during the presentation of the 2026 National Budget. The Finance Minister…
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The ‘Because We Care’ cash grant, an initiative that transfers funds to all schoolchildren, has been increased to $60,000, while a $20,000 transportation support grant will be introduced. These budgetary measures were announced by Finance Minister Dr Ashni Singh on Monday during the presentation of the 2026 National Budget. Dr. Singh said the the $60,000…
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In Budget 2026, the Government of Guyana has reaffirmed its commitment to easing the cost of living for citizens through a series of targeted measures designed to mitigate everyday expenses. Since March 2022, the Government has maintained a zero percent excise tax on petroleum products, foregoing an estimated $100 billion in annual revenue. This policy…
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Finance Minister Dr Ashni Singh has highlighted plans to reduce the cost of vehicle ownership, noting that new measures to do so include removing Value-Added Tax (VAT) on vehicles below 1500 cc. The Finance Minister announced these measures during his presentation of the 2026 National Budget. He also said the government will remove VAT on…
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In Budget 2026, the Government of Guyana has unveiled a series of measures aimed at making home ownership more accessible and affordable for families across the country. Central to these initiatives is a further increase in the low-income mortgage ceiling at commercial banks from $20 million to $30 million, building on the previous increase from…
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With an initial US$100 million injection, the government is pressing ahead with the establishment of the Guyana Development Bank. This bank is a new initiative that will provide zero-interest loans to young entrepreneurs, women, and other groups. It has been a manifesto promise of the recently re-elected People’s Progressive Party Civic (PPP/C) government. Dr. Singh…
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As part of the suite of measures unveiled in Budget 2026, the Government of Guyana has moved to expand tourism‑related economic activity by removing the 14‑day residency requirement for destination weddings, a long‑standing hurdle for couples seeking to marry in Guyana. Previously, foreign couples were required to remain in the country for at least two…
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In a move aimed at supporting local businesses, increasing competitiveness, and promoting safer communities, the Government announced the removal of Value Added Tax (VAT) on locally produced furniture and jewellery, as well as the removal of both duty and VAT on security equipment. The measure targeting the furniture sector covers a range of locally manufactured…
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Guyana’s 2026 National Budget makes provisions for the restoration of two historical markets in the capital city, Finance Minister Dr Ashni Singh announced on Monday. Dr. Singh said $2 billion has been set aside for the commencement of activities to rebuild the markets. He described the Georgetown structures as being in a “sad state” and…
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In 2025, over 4,700 citizens enrolled in Guyana’s national Electronic Identification (e-ID) system, a cornerstone of the government’s ambitious digitalisation agenda aimed at transforming public service delivery, Finance Minister Dr. Ashni Singh said during his 2026 budget presentation on Monday. The e-ID, which includes separate cards for citizens and resident non-citizens, provides biometric verification and…
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