The announcement made by the Guyana Power and Light (GPL), that the 2024 Budget measure by the Government to reinstate the electricity subsidy for pensioners, marks a significant step forward in providing much-needed relief to one of the most vulnerable segments of Guyana’s society.
This move, which reverses the policy introduced by the previous APNU/AFC administration, is not just a political manoeuvre, but is a compassionate acknowledgment of the need to take care of elderly citizens. Under the David Granger-led administration which was in office from 2015-2020, the pensioners’ electricity subsidy had been removed.
Since in 2017, when the now Vice President Dr Bharrat Jagdeo was Opposition Leader, he had said the People’s Progressive Party/Civic (PPP/C) would repeal all of the draconian and offensive measures being foisted on the nation by the APNU/AFC administration when it regains the reins of executive power. Among these measures were the removal of electricity to pensioners.
For many pensioners in Guyana, the cost of living is a challenge. With fixed incomes and rising expenses, especially with the unpredictably of commodity prices, managing household budgets can become overwhelming. Reintroduction of the electricity subsidy is therefore more than just a financial benefit; it is a tremendous support that would help ensure that pensioners can live with dignity and security.
Enhanced benefits such as this subsidy to pensioners provide a safety net, helping seniors cover essential expenses. This financial security helps prevent, and reduces, the stress associated with financial uncertainty.
Electricity is a basic necessity, powering everything from lights and fans to refrigerators and medical devices. For many elderly citizens, access to affordable electricity is critical to their health and well-being. The subsidy will alleviate some of the financial burdens, allowing pensioners to allocate their limited resources to other essential needs, such as food, medication, and healthcare.
Moreover, this policy reflects a broader commitment to social equity. By prioritizing the needs of the elderly, the Government is sending a clear message that the welfare of all citizens, particularly the most vulnerable, is of paramount importance. It is a recognition that, after years of contributing to society, senior citizens deserve support in their golden years.
The economic impact of this subsidy should not be underestimated. Pensioners, when given the financial flexibility, are likely to spend in their local communities, stimulating small businesses and local economies. This can create a ripple effect that benefits society as a whole.
In Guyana, the passing of the national budget in the National Assembly is a moment of significant promise. It reflects the Government’s vision for the nation’s economic health and development. While we welcome the reinstatement of the subsidy, the true impact of the budget hinges not just on its approval, but on its timely and effective implementation of measures. While Budget 2024 was passed just over six months ago, some of its measures are only now being implemented. It must be pointed out that delays in implementing budget measures can impeded the realisation of their intended benefits.
Reinstatement of the electricity subsidy is for pensioners a welcome and necessary measure. It is a policy that not only addresses immediate financial concerns, but also reaffirms our commitment to caring for our elderly citizens. As we move forward, let us continue to advocate for policies that uplift and support all members of our society, ensuring that no one is left behind.
