Tag Archives: rice industry

GUYANA – Capitol TV News Videos – 05 October 2015

Capitol TV logoGUYANA – Capitol TV News Videos – 05 October 2015

  • USA urges Diplomatic Dialogue
  • Suriname border claims – Demonstration in our Defence
  • Court Date for Khamraj Lall – “Cash Jet Pilot”
  • End of death penalty may be close
  • Teachers honoured
  • Rice Industry – Don’t blame us
  • Physical Fitness for police
  • Sports

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GUYANA – Capitol TV News Videos – 27 July 2015

Capitol TV logoGUYANA – Capitol TV News Videos – 27 July 2015

  • Former death squad member Sean Hinds turns himself in to Police
  • PPP deny relationship with Sean Hinds
  • Guyana still not doing enough to fight human trafficking
  • President commits to rice industry
  • Lap top project in tatters, will be overhauled
  • Wanted bulletin for male sex worker killers
  • Sports

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GUYANA: Capitol TV News Videos – 15 June 2015

Capitol TV logoGUYANA:  Capitol TV News Videos – 15 June 2015

  • Attempted arson at former Ministry of Local Gov’t affects audit
  • Relatives of five sugar workers killed at Enmore by Colonial police salute their memory today
  • Gov’t to set up unit for the recovery of State assets
  • US. Congresswoman Yvette Clarke joins Guyanese at Brooklyn celebrations
  • Opposition PPP yet to name its members of parliament
  • Outpouring of national pride in Brooklyn at APNU+AFC victory rally
  • Looming financial trouble in rice industry
  • Minister Broomes forced to defend her Bartica raid actions

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Guyana: Capitol TV News Videos – 27 May 2015

Capitol TV logoGuyana: Capitol TV News Videos – 27 May 2015

  • National Awards return; three Amerindian women honoured
  • Government to bail out GuySuCo
  • Call for investigation into rice industry
  • Independence Day celebrated in sober, reflective mood
  • Thousands “inaugurate” new government
  • Bouterse on course to win in Suriname’s elections
  • Sports

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Guyana gets G$220B – app US$1Billion Budget

Finance Minister Dr Ashni Singh today presented a G$220 billion budget which will see an attempt to spend down what ails Guyana’s sugar industry, with $6 billion earmarked for that subsector.  Last year’s budget was G$208.8B.

Meanwhile, G$500 million is to be set aside to boost the competitiveness of the rice industry. Among other measures announced in the budget which was read this afternoon, is a 5% increase in old age pension taking it to G$13,125 from its current G$12,500, from May 1. In addition, pensioners electricity assistance is set to increase from$20,000 – G$30,000 per annum.

While there are no new taxes, there is also no new tax relief. Despite numerous calls over the years for a reduction in the 16% value-added tax, this remains the same. Income tax stays at 30% and the tax threshold at G$50,000.

Singh also said Guyana’s economy is projected to grow by 5.6% this year. Singh also projected that the inflation rate this year will be 5% compared to 0.9% last year, the lowest rate in decades. Real Gross Domestic Product (GDP) grew by 5.2% last year while the non-sugar GDP rose by 6.3%.

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