Guyana News

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

Boy, 19, dies after allegedly stabbed by stepfather

Nineteen-year-old Isaiah Edwards, a construction worker of East La Penitence Squatting Area Georgetown, who was stabbed in his right hip about 18:30 hours yesterday allegedly by his stepfather succumbed at the Infectious Diseases Hospital, Liliendaal at noon today.

Finance Minister Dr Ashni Singh (DPI photo)

47.5% growth projected for 2022

With large injections of revenue from the oil and gas sector, Guyana is expected to grow its economy by 47.5% while inflation is pegged at 4.1% for 2022, according to Senior Minister in the Office of the President with responsibility for Finance Dr Ashni Singh.

Budget measures announced by Minister of Finance

Parity in Tax Treatment for Local Content In the interest of ensuring that Guyanese businesses can compete successfully under the new local content framework in the oil and gas sector, the Government will take steps wherever practicable to minimise disparities arising from the tax system that will disadvantage Guyanese businesses against their international counterparts.

   Liza Destiny

Gas to energy project to receive $20.8b

With a massive $20.8b earmarked for the planned gas to energy project, the historic tapping of US$607.6m in oil revenues is the major financier of the 2022 budget and the government is projecting a further US$957.6m in petroleum revenues this year.

Food prices rose by 11.6% in 2021 – Finance Minister

Owing to a number of external and internal factors, including intense rainfall and the effects of the COVID-19 pandemic, Guyana saw food prices rising by some 11.6% in 2021 according to Senior Minister with  responsibility for Finance, Dr Ashni Singh.

Education to get $74.4B in 2022 budget

The government has earmarked a total of $74.4 billion for the education sector in the 2022 national budget and Minister with responsibility for Finance Dr Ashni Singh yesterday detailed plans for improving school buildings, expanding the national feeding programme, better integration of ICT, and increased training for both teachers and young people. 

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