Guyana News

 The latest Guyana news from Stabroek News including oil and gas coverage, crime, politics, culture, business and more.

Inflation running at 1.1% – Jordan

Inflation for the 12-month period up to October 2016 was 1.1% and the rate at the end of the year is expected to be 1.3% while next year’s projected figure is targeted at 2.5%.

Finance Minister Winston Jordan arrives at the Public Buildings for yesterday’s budget presentation. (Photo by Keno George)
Finance Minister Winston Jordan arrives at the Public Buildings for yesterday’s budget presentation. (Photo by Keno George)

Mabaruma solar farm among gov’t $1B renewable projects

Government has set aside close to $1 billion in the 2017 budget for renewable energy and energy efficiency projects, which will include a large-scale solar farm at Mabaruma, according to Finance Minister Winston Jordan, who also announced plans to grant a range of tax exemptions for clean energy and recycling ventures.

Salary increase statement was ‘fair comment’

PPP/C MP Juan Edghill on Friday appeared before the Privileges Committee of Parliament and used the argument of fair comment to defend statements he made in the House about the quantum of controversial salary increases awarded to APNU+AFC ministers last year.

Budget speech 2017

1 1. Introduction 1.1 Mr. Speaker, I rise to move the motion for the approval of the Estimates of the Public Sector and the Budget for the Financial Year 2017 and, in doing so, I wish to indicate that Cabinet has recommended that the National Assembly proceed upon this motion, pursuant to Article 171, Paragraph 2, of the Constitution of the Co-operative Republic of Guyana.

Tax threshold to rise

Finance Minister Winston Jordan today announced an increase in the income tax threshold from $660,000 per annum to the greater of $720,000 or one-third of an employee’s gross salary.

Mabaruma for $264m solar farm

Finance Minister Winston Jordan today said that provision has been made in the 2017 budget for Mabaruma in Region One to have a 400-kilowatt solar farm.

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