TUESDAY 17th JANUARY, 2023
$100
No. 106965
Massive $781.9B Budget 2023 advances - includes more measures tailored to improve Guyana’s transformation the lives of every Guyanese, President Ali says SEE PAGE
3
Budget allocations and measures: > Income-tax threshold to increase from $75,000 to $85,000
> Education grant to increase to $40,000
> Removal of the currently applicable 14% VAT on new all-electric motor vehicles
> Pension to increase from 28,000 to 33,000 > Low-income mortgage > $2.7B for ceiling to increase Amerindian from $15M to $20M Development > $5.2B for advancement Fund of works on the new four lane, high span Demerara River Bridge
> $327.8M for continued development works in Amelia’s Ward and construction of new industrial estate in Region Two
> $43.3B for Wales Gas-toShore Project
Local economy grew by 62.3% in 2022; 25.1% growth projected for this year, Dr. Singh says
SEE PAGE
2