Budget set at $192.8B

Finance Minister Dr Ashni Singh presenting the budget in Parliament this afternoon

Presenting a $192.8 billion budget in the National Assembly this afternoon, Finance Minister Dr Ashni Singh announced, among other things, that old age pension will be increased to $8,100 per month,up from $7,500 and public assistance would increase to $5,500, up from $5,100.

In addition, the new income tax threshold