More money in your pockets to cushion high cost of living – PM assures

There will be more money in the pockets of Guyanese even though the cost of living is expected to rise over the next five years. Prime Minister Mark Phillips gave that assurance as he addressed a meeting hosted by the ruling People’s Progressive Party/Civic (PPP/C) at D’Edward, Region Five (Mahaica-Berbice) on Thursday evening.
Saying that his party is not shy of the reality that cost of living will increase, the Prime Minister assured that there will be more jobs created should the PPP/C return to office to serve for the next five years.
“You know that there is no alternative for development. No alternative for safety. There is no alternative for the security and sovereignty of Guyana other than the PPP/C Government. I am here asking you for a second term to support our President and our Vice President in a second term. Because a second term means more development for you, the people of Guyana. With the guidance of His Excellency, our President, and our Vice President, two economists, there will be more economic growth in Guyana. And you know, we already promised. We already promised you. As the economy grows, you will get more,” the Prime Minister told the few hundred in attendance.
It was at this juncture he said that the administration will implement initiatives to cushion the effects of rising costs, explaining that the actions are necessary to stabilise prices.

“With economic growth, there will be more for you in your pocket. Because we can utilise the money to cushion all the effects of rising costs in any country. In any country, the cost of living is going up. Cost of living will go up in Guyana too. But you have a Government that is brave and ready and prepared to take the necessary actions to stabilise the cost of living, he asserted.
Speaking of some of the initiatives taken by the Government to reduce rising costs, the Prime Minister mentioned that the current cost for electricity is the same cost that was in place in 2019, and had the Government not found funding to give to the electricity company for it to purchase fuel, electricity costs in Guyana would have skyrocketed.
Apart from that, the Government removed all taxes on fuel so that the increased prices on the world market are not being felt by consumers in Guyana, he reminded.
Meanwhile, the Prime Minister also took the opportunity to touch on another issue: unemployment, saying that efforts will be made to bring it down close to zero.
However, he pointed out that persons must want to work and also educate themselves through the numerous opportunities that the Government has made available.