To ease the rising cost of living the Government has announced a one-off $25,000 cash grant to households in the hinterland and riverine communities and $1B in fertilizer for free distribution to all farmers.
President Dr Irfaan Ali made this announcement during a live broadcast to the nation on Monday afternoon.
Additionally, the Head of State announced that government will be setting up a special unit to help landowners of both private and government owned lots build their houses. President Ali said the unit will support applicants with the process of applying to banks for financing and with the initial phase of construction by releasing the necessary resources.
The other measure will see the removal of VAT on additional construction materials until the market stabilises. These are sheetrock and concrete boards.
President Ali reminded that these measures are in additional to a wide range of initiatives already announced by his government to address the rising cost of living and to bring relief to all citizens.
He noted too that government will continue consultations and will in the future make more announcements aimed at bringing further relief to the public.
Only recently it was announced that the rising cost of living, which has touched all corners of the globe including Guyana, is a matter that was being monitored by the Government and has engaged the attention of Cabinet’s attention every week
Governance and Parliamentary Affairs Minister Gail Teixeira in an exclusive interview with this publication recently had assured measures were being examined.
“It’s always discussed. We’re always keeping an eye on that and the Government has brought out measures, in terms of GPL and GWI. And it is looking at other measures for how it can reduce some of the costs borne by the public,” Teixeira said.
