GUYANA - 2021 Budget Speech - PDF Attachment.

@Django posted:

$15,000 per child cash grant, old age pension hike among proposed budget measures

With his presentation of the government’s proposed $383.1 billion national budget, Finance Minister Dr Ashni Singh yesterday announced several measures aimed at bringing relief to the many households and businesses that have been experienced financial distress over the past year and beyond.

Singh told the National Assembly that a cash grant of $15,000 per child would be given to the parents of children in the nursery, primary, and secondary levels in the public school system, while there will also be an increase in old age pension from $20,500 to $25,000 with effect January 1, 2021, and an increase in the Public Assistance payment from $9,000 to $12,000.

He also said households are to receive a 5% reduction in water tariffs and a restoration of the Value Added Tax (VAT) zero-rate on basic food items and household necessities.

Source:

There are lots of relief for the citizens. The reduction of VAT  and zero rate on basic food items is a great action.  I like what I am hearing.

Singh told the National Assembly that a cash grant of $15,000 per child would be given to the parents of children in the nursery, primary, and secondary levels in the public school system, while there will also be an increase in old age pension from $20,500 to $25,000 with effect January 1, 2021, and an increase in the Public Assistance payment from $9,000 to $12,000.

Are these monthly increases?

Cash grant for children is one time per year. Pension and Public Assistance are monthly payments.

@Django posted:

Cash grant for children is one time per year. Pension and Public Assistance are monthly payments.

Then the $15,000 per child is insignificant. Better than nothing, anyway.

Budget 2021 Highlights --

Budget 2021 totals $383.1B …No new tax measures announced

==============================

Taxes accounted for 96 percent of Central Govt. revenue last year

Feb 13, 2021 News, Source -https://www.kaieteurnewsonline.com/2021/02/13/taxes-accounted-for-96-percent-of-central-govt-revenue-last-year/

Kaieteur News – According to Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh, who presented the 2021 Budget yesterday in the National Assembly, Central Government’s revenue for 2020 totalled $227.4 billion. The Minister was keen to note that tax collection accounted for 96 percent of this revenue, amounting to $218.3 billion

==============================

$1.9B estimated for fire service

Feb 13, 2021 News, Source - https://www.kaieteurnewsonline...ed-for-fire-service/

Kaieteur News – The government, in its annual budget presentation held yesterday at the Arthur Chung Conference Centre, has estimated that the Guyana Fire Service (GFS) will need $1.9B to execute its plans for the year 2021.

==============================

Government earmarks $53.5B for health sector

Feb 13, 2021 News, Source - https://www.kaieteurnewsonline...for-health-sector-2/

The Georgetown Public Hospital Corporation.

Kaieteur News – The Government has earmarked $53.5 billion in the 2021 National Budget for Guyana’s health sector. The announcement was made by the Senior Minister in the Office of the President with responsibility for Finance, Ashni Singh yesterday, as he revealed the 2021 Budget in the National Assembly.

==============================

Government intends to plug $60.7B into education sector

Feb 13, 2021 News, Source - https://www.kaieteurnewsonline...to-education-sector/

Kaieteur News – The government intends to plug $60.7 billion into the education sector this year, according to the Senior Minister in the Office of the President with the responsibility for Finance, Ashni Singh, who made the announcement while delivering the 2021 Budget in the National Assembly yesterday.

==============================

$5.1B allocated to strengthen sea, river defences

Feb 13, 2021 News, Source - https://www.kaieteurnewsonline...-sea-river-defences/

Kaieteur News – The People’s Progressive Party/Civic (PPP/C) government, with aims of strengthening Guyana’s river and sea defence, has allocated $5.1B to repair and preserve those same areas.

==============================

$2.7B allocated for the Culture, Sports and Arts in national budget

Feb 13, 2021 News, Source - https://www.kaieteurnewsonline...-in-national-budget/

Kaieteur News – With its aim to develop and showcase the potential of athletes and artistes and young people across the country, the Government has allocated $2.7 billion for the Ministry of Culture, Youth and Sports in this year’s national budget.

==============================

$4.6 B budget announced for improving citizens access to Justice

Feb 13, 2021 News, Source - https://www.kaieteurnewsonline...s-access-to-justice/

Kaieteur News – Outlining government’s commitment to ensuring that all citizens have access to, and are protected by the justice system, Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, yesterday announced a $4.6 billion budgetary allocation to the sector.

Among the reforms announced by the Minister, were plans to enhance the criminal justice system.

The Minister noted that the previous PPP/C Government had commenced addressing the issue of backlog cases in the High Court.

This is a good budget, the people will benefit.    

PPP members will benefit more!

@lil boy posted:

This is a good budget, the people will benefit.    

Now all the coalition crooks will admit that the PPP/C is greater than any other government in the history of Guyana.

@Ramakant-P posted:

Now all the coalition crooks will admit that the PPP/C is greater than any other government in the history of Guyana.

So true! But you will have to wait a bit! They're not ready yet to start the greatest stealing ever in the history of ANY country on earth! They are just at the planning stage.now! What's your rush? They don't waant just lil bit! They waant awl dey kan get away wid! Jag seh dese tings tek tyme! 'cordin tuh ee Russhun advisars!