FINANCE

FINANCE

Edghill says Public Works gets 27% of capital budget as he defends “people-oriented” Budget 2026

January 28, 2026 Staff Reporter

Minister of Public Works Juan Edghill has hailed Budget 2026 as a “very detailed, well-informed, grounded, people-oriented budget,” while revealing that his ministry will receive the largest share of capital allocations under the Public Sector Investment Programme (PSIP). Speaking during a live broadcast following the budget presentation, Edghill congratulated the Ministry of Finance and Cabinet […]

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Public sector wages up 46% since 2020 following 8% wage hike

January 28, 2026 Staff Reporter

Public sector workers have seen cumulative wage increases of 46 percent since 2020, with an eight percent across-the-board salary increase paid in 2025 as part of Government’s continued policy to raise disposable incomes and improve living standards. Presenting Budget 2026 in the National Assembly on Monday, Senior Minister in the Office of the President with […]

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“More than $100 billion in direct transfers” – Minister Edghill outlines social benefits in Budget 2026

January 27, 2026 Staff Reporter

Minister of Public Works Juan Edghill says Budget 2026 delivers on government promises through increased pensions, grants and social assistance, describing it as “a people-centered budget… that puts people first.” Speaking after the budget presentation, Edghill emphasised that the measures form part of a long-term plan. He announced that the old age pension will rise […]

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Public sector wages up 46% since 2020 following 8% wage hike

January 27, 2026 Staff Reporter

Public sector workers have seen cumulative wage increases of 46 percent since 2020, with an eight percent across-the-board salary increase paid in 2025 as part of Government’s continued policy to raise disposable incomes and improve living standards. Presenting Budget 2026 in the National Assembly on Monday, Senior Minister in the Office of the President with […]

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NRF earned US$2.1B in profit oil in 2025 -Singh

January 26, 2026 Staff Reporter

Guyana’s Natural Resource Fund (NRF) received US$2.1 billion in profit oil revenues in 2025, according to Minister within the Office of the President with responsibility for Finance, Dr. Ashni Singh, during his Budget 2026 presentation in the National Assembly on Monday. Presenting the NRF update, Singh told the House that 260 lifts of crude oil […]

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GTE Two, fertilizer plant key to lowering electricity costs and easing cost of living -PM Phillips

January 19, 2026 Staff Reporter

Prime Minister Mark Phillips has signalled that the government’s gas-to-energy agenda is being expanded beyond electricity generation, with a second gas-to-energy project and a fertilizer plant positioned as key tools to ease pressure on the cost of living and support long-term economic growth. Speaking on the Starting Point podcast on Sunday, hosted by Kiana Wilburg […]

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Electronic payments, mobile transactions central to financial sector reform

January 19, 2026 Staff Reporter

The government is pressing ahead with plans to move Guyana toward a cash light economy, with electronic payments and mobile transactions playing a key role in ongoing financial sector reforms, President Irfaan Ali said on Friday. The President was speaking at the launch of new private banking services at the Guyana Bank for Trade and […]

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Simplified bank account opening sees ‘tremendous response’ as Pres Ali backs GBTI private banking launch

January 17, 2026 Staff Reporter

President Dr. Mohamed Irfaan Ali on Friday said the simplification of bank account opening over the last two months has seen a “tremendous response”, signalling a major shift in how Guyanese are being drawn into the formal financial system. Speaking at the launch of GBTI Private Banking, President Ali said the move forms part of […]

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2026 Budget coming in January, will give effect to President’s agenda

December 18, 2025 Staff Reporter

Vice President and PPP General Secretary Dr Bharrat Jagdeo has clarified that President Dr Irfaan Ali’s national budget for 2026 will be presented in January, and not during the President’s address this week, which he said was intended to outline the government’s broad policy direction. Speaking at a press conference at Freedom House on Thursday, […]

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Gov’t to roll out junior stock exchange, guaranteed-return investment projects

December 18, 2025 Staff Reporter

President Dr Irfaan Ali on Tuesday outlined plans to significantly expand wealth-creation opportunities for Guyanese by opening up broader access to capital markets, including the establishment of a junior stock exchange aimed at small investors and emerging companies. Speaking during an announcement yesterday, the President said his government intends to structure new investment vehicles that […]

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