Latest update April 17th, 2025 9:50 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Running Guyana will cost $5B more this year

Apr 02, 2013 News

 

 

It will cost Government $5B more this year to run the country with labour costs taking a significant chunk.
Last year, Government spent $118M to repair roads, pay public servants, run schools, and buy drugs, among other things. In its budgets estimate of current expenditure, it will require, this year, $123.18B.
Total employment costs, for contract employees, administrative and other staffers, will increase from 2011’s $104.6B to $108.6B.
The cost to hire contract employees will increase from $6.2B to $7.8B.
Government mandatory contributions to the National Insurance Scheme as an employer will rise from $1.4B to $1.5B.
This year, to buy drugs for the Georgetown Public Hospital Corporation (GPHC) and the Ministry of Health, some $4.77B has been allocated as against the $4.5B last year.
Maintenance of roads and bridges, drainage and irrigation, sea and river defenses and other infrastructure is set to increase from $2.31B last year to $2.40 this year.
Government will also pay $1.39B for local travel and subsistence- $233M more than 2011.
Utility charges are also expected to go up by about $479M to $7.47B.
Last year, to protect its properties, Government doled out $1.9B. This will increase by $373M.
Dietary supplies, in all likelihood including part of the feeding programme for schools, will cost $673M more than 2011 or $3.4B.
Last year, a hefty $24.4B was given as subsidies and contributions to local organizations. This has been reduced to $16B this year.
One of the biggest costs this year will be pension payments including to non-pensionable employees, increases and old age pension and social assistance. Last year, $7.4B was paid out. This year, $10.3B has been budgeted.

Similar Articles

The Glenn Lall Show|| April, 14th, 2025

 

 

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

Baksh half century inspires Herstelling’s 50-run victory

Baksh half century inspires Herstelling’s 50-run victory

Apr 17, 2025

-Demolition, Providence also register wins in Ryan Dookie Annual Memorial T/20 Championship Kaieteur Sports- The second weekend of the East Bank Demerara Cricket Association/Ryan Dookie Memorial T20...
Read More
CARIFTA Games athletes depart for T&T

CARIFTA Games athletes depart for T&T

Apr 17, 2025

Shattas meet Botafago, Capital FC battle Milerock in semifinals of Mice / Jermaine Futsal Championship tonight

Shattas meet Botafago, Capital FC battle Milerock...

Apr 17, 2025

Dujon remembers Pydana – former Guyana and West Indies keeper

Dujon remembers Pydana – former Guyana and West...

Apr 17, 2025

St. Rose’s crowned Georgetown champions in Cheddi Jagan Memorial Windball Cricket Competition

St. Rose’s crowned Georgetown champions in...

Apr 17, 2025

Guyana’s Seon Bristol and Dexter Patterson among 14 Caribbean boxing promoters on newly formed promotional body

Guyana’s Seon Bristol and Dexter Patterson...

Apr 17, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]