Tuesday 27th January, 2026 PRICE
$100 VAT INCLUSIVE
No.108056
$1.558T Budget 2026 ‘positioned with the people at the centre’
–– financed with no new taxes; outlines plans for widespread development for all, further digitalisation, advancement of local economy 03 MEASURES
Increase of income-tax threshold to $140,000 monthly Removal of net property tax on individuals $100,000 cash grant for every Guyanese citizen of age 18, older Public assistance will be increased from $22,000 to $25,000 per month $85,000 education grant per child Increase in old-age pension from $41,000 to $46,000 per month
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Removal of all import duties, taxes on all categories of ATVs New flat tax on double-cab pick-ups US$100 million for Guyana Development Bank Low-income mortgage ceiling increase from $20 million to $30 million $7.5 billion to support households to upgrade their homes
SECTORAL ALLOCATIONS
Annual transportation support grant of $20,000 to every old-age pensioner
$13.4B to advance mechanisation, modernisation at GuySuCo
Special Development Zones to be identified
$3.7B earmarked for Orange Economy in 2026
Removal of corporate taxes on agricultural, agro-processing businesses
$100.3B for security initiatives in 2026
Removal of VAT on locally made furniture Removal of VAT on locally manufactured jewellery Removal of 14-day residency requirement for destination weddings
$183.6B for advancement in education $159.1B to advance housing initiatives $161.1 billion for further health sector modernisation $7.5B to drive viable Amerindian economies
Removal of duty, VAT on security equipment
$78.3B to strengthen services to children, women, the elderly
Removal of VAT on new vehicles (four years old or less) below 1500 cc
$196.1B to expand transportation network, improve connectivity
Removal of VAT on hybrid motor vehicles below 2000 cc
$119.4 billion allocation for energy sector