Finance Minister Dr Ashni Singh yesterday unveiled a $192.8B budget that included gigantic allocations totalling $10B to support the cash-strapped GuySuCo, GPL along with a hike in the income tax threshold to $50,000 and modest rises in public assistance and old age pensions.
Delivering his presentation in the National Assembly under the theme ‘Remaining on Course, United in Purpose, Prosperity for All,’ Singh noted that for 2012, projected inflation outstrips projected growth. The budget projects that inflation for 2012 will be 4.6 percent