TUESDAY 16th January, 2024
' No.107325
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$1.146 Trillion Budget 2024 ensures national prosperity, more opportunities 03
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Senior Finance Minister, Dr. Ashni Singh
President, Dr. Irfaan Ali
–– country’s largest fiscal package fully financed with no new taxes –– massive funds revealed for continued economic, infrastructural development
–– slew of initiatives outlined to provide disposable income, to support vulnerable groups
Some of the key measures included in Budget 2024:
*Increase in income-tax threshold from $85,000 to $100,000
Some of the sectoral allocations: *$6B for GuySuCo
*$97.6B to advance and catalyse agricultural development *$10.3B to continue construction of the world-class paediatric and maternal hospital at Ogle *$28.7B for the construction, rehabilitation, maintenance of school buildings, educational facilities
*Increase in old-age pension from $33,000 to $36,000
*$15.5B to continue construction and advancement of six regional hospitals at Bath, De Kendren,
*Increase in public assistance from $16,000 to $19,000 *Increase in education cash grant to $45,000
*$204.1B to upgrade and expand all road and bridge networks
*$1.8B to support eye care for schoolchildren and senior citizens *$2.8B for Cervical Cancer testing (women ages 21 to 65 years) *Removal of duty and VAT on firefighting equipment *Increase in minimum NIS pension to $43,000
Diamond, Enmore, Lima and No. 75 Village *$78B to further develop housing infrastructure countrywide *$48.3B for women, children, the elderly, people with disabilities *$9B (including carbon credits) to support Amerindian and hinterland development programmes *$22.5B to improve water-quality and supply systems across the country *$800M for Amerindian Land Titling
*Increase in NIS survivors pension to $21,537 *Removal of VAT and duty on essential cellphone accessories along
*$1.1B to advance youth development initiatives
with phone component for repairs *Increase in provision for part-time job initiative to $10B
*$450M for small business fund; $331M for Small Business Bureau
*Over $97.6 billion set aside in Budget 2024 for agricultural initiatives *Security sector receives landmark $90.6B boost in Budget 2024
Trial into elections fraud case to commence March 4 05 PAGE