News

Gov’t to cut VAT to 14%

Government will be delivering on a promise to reduce the 16% Value-Added Tax (VAT) but will also be applying the tax to monthly electricity and water bills exceeding $10,000 and $1,500, respectively.

Former Amerindian Affairs Minister Pauline Sukhai in heckle mode (Photo by Keno George)
Former Amerindian Affairs Minister Pauline Sukhai in heckle mode (Photo by Keno George)

‘Death announcement’ budget animates both sides of the House

He entered the Parliament Chambers to loud cheers and desk thumping by his colleagues some of whom grabbed his hand as he passed, even as he momentarily had one hand in midair giving the impression that something good was in store, but when he concluded, perhaps even some of Finance Minister Winston Jordan’s colleagues might have agreed with an opposition heckler that it was a ‘three-hour death announcement’.

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.

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