Guyana Chronicle E-Paper 27-01-2022

Page 1

THURSDAY 27th JANUARY, 2022

No. 106617

Landmark $552.9B Budget presented to House

SEE PAGES

3&5

- launches most rapid period of transformation, modernisation in Guyana’s history

- economy set to grow 47.5 per cent this year; Guyana expects US$957.6 million in oil revenues in 2022

QUICK OUTLOOK OF BUDGET 2022

Roads and Bridges: $76.7B Education: $74.4B

Security: $47.9B Energy Sector: $29.4B Agriculture: $22B

Budget measures

* Income Tax threshold increases from $65,000 to $75,000 * Loan ceiling for low-income earners moves from $12M to $15M * Old-Age Pension increases from $25,000 to $28,000

Health: $73.3B

Housing: $12.4B

* Public Assistance increases from $12,000 to $14,000 * Education cash grants increase from $19,000 to $30,000 * $420.5M to train 1,000 Guyanese for oil and gas sector


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