FITUG welcomes Govt’s interventions to address cost of living, workers’ welfare

…calls for Private Sector to adapt
…as PSC applauds commitment to digitalisation, modernisation

The Federation of Independent Trade Unions of Guyana (FITUG), the country’s largest body representing organised labour, warmly welcomed recent announcements by President Dr Irfaan Ali in his address to the National Assembly on Thursday.
FITUG on Friday recognised the wide-ranging nature of the president’s speech, which covered critical aspects of national development and the welfare of the people, especially workers.
In his address, President Ali emphasised the efforts of his Government to reverse policies from the previous administration that placed undue hardships on Guyanese people. He outlined the measures his administration has taken to move the country forward, focusing on a future of prosperity and development for all citizens. FITUG appreciates these efforts and believes the President’s remarks reflect a strong commitment to improving the lives of working people across Guyana.
One of the key measures announced was a one-time cash grant of $200,000 for every household, which FITUG welcomes as a timely intervention to support families grappling with the rising cost of living. The Federation is optimistic that the distribution of this grant will be efficient, ensuring that all deserving households benefit during these challenging economic times.
Another major point of applause was the president’s announcement to raise the public sector minimum wage to $100,000 per month by the end of 2025. FITUG, on Thursday, commended this initiative but calls for its earlier implementation to ease the financial burdens on state employees.

Adapt
The Federation also urged the private sector to adopt similar measures to support workers. The halving of electricity rates by the end of next year is another welcome step that FITUG believes will benefit working-class households significantly.
FITUG also lauded the introduction of child tax benefits and child health care benefits, measures that are expected to increase the disposable income of families while ensuring the well-being of future generations. The elimination of tuition fees at the University of Guyana (UG) and support for university graduates to find meaningful employment were also highlighted as crucial steps toward advancing Guyanese society through education and skill development.
The Federation said that supports the Government’s efforts to bolster the National Insurance Scheme (NIS), particularly in addressing the concerns of pensioners, who have faced difficulties in recent years. FITUG is encouraged by these initiatives, which it believes are indicative of a Government genuinely committed to addressing the needs of all Guyanese, especially the working class.

PSC applauds
Meanwhile, the Private Sector Commission (PSC) has commended the Government for its innovative initiatives focused on digitalisation and modernisation, as outlined by President Ali during his address to the National Assembly. The PSC in a statement on Thursday said that it views these initiatives as important to bridging the digital divide and fostering economic growth through increased efficiency in business operations.
The establishment of Information and Communications Technology (ICT) hubs in hinterland and riverine areas, funded by the Guyana REDD+ Investment Fund, was particularly praised. With plans to expand the number of hubs to 200 communities, this initiative will enhance educational and economic opportunities for students and residents in remote areas, contributing to more equitable development across the country.
The PSC also hailed the introduction of the Electronic Planning and Development Single Window System, which will modernise the planning and construction process, significantly reducing approval times and boosting investor confidence. The launch of Silica City, designed as a model of smart and sustainable urban development, was noted as a groundbreaking project that will drive innovation, create jobs, and attract both local and international businesses.
Additionally, the PSC said that it also welcomed the fiscal measures announced by the Government, aimed at improving the standard of living for Guyanese citizens. Investments in education, healthcare, and social services, along with initiatives to reduce electricity costs and remove bridge tolls, are seen as critical steps toward creating a more competitive business environment and fostering long-term economic stability.