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