23/03/2022
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๐ต๐ฆ ๐๐๐๐ ๐ด ๐๐๐๐๐๐
The Good News: Today PNC Leader Aubrey Norton praised the PPPC for having the foresight to set aside $5 Billion in the 2022 Budget to cushion cost-of-living adjustment and lent support to the decision to tap Natural Resource Fund after years of APNU indecision and inertia.
The Bad News: Norton wants the PNC to have a say in how the money is spent.
After five years of APNU+AFC profligacy including billions on take-out food for Ministers; Gold Bangles for Ministers paid for by taxpayers; Houses as drug bonds; Barber chairs for non-existent barbershops: Contracts for Cathy; Multiple house-lots for Annette and none for the people; Thousands of ghost employees in every nook and cranny; firing of 7000 sugar workers one can only hope that Nortonโs delusions are not incurable.
The PPPC is working constantly to respond to the challenges facing the people of Guyana, to date solutions and relief measures include:
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โข Over $50B was returned to the economy as a result of these tax breaks including the removal of value-added tax (VAT) on electricity, water, domestic air travel, cellular phones, and medical and educational supplies, and the zero-rated status applied to essential and household items.
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โข February 2021: The excise tax on fuel reduced from 50% to 35%
โข October 2021: The excise tax on fuel reduced from 35% to 20%
โข Budget 2022: The excise tax on fuel reduced from 20% to 10%
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โข Freight costs were restricted to the pre-COVID level, effectively saving consumers and businesses nearly $4B since being implemented in August 2021.
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โข $25,000 COVID cash grant to every household amounting to $7.5B
โข $1.73B to 220 Amerindian communities
โข $250,000 to nearly 5,300 severed sugar workers amounting to $1.3B
โข $25,000 to 90,000 people benefitting from old age pension and public assistance, and persons living with disabilities, amounting to $2.2B
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โข Over $200M in electricity credit was provided to vulnerable households
โข Old-age pension: a total of 49,966 households, including pensioners benefited
โข A total of 27,436 pensioners received water subsidies
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โข 2021: $4.5B supported the increase of old-age pension from $20,500 to $25,000 monthly and public assistance from $9,000 to $12,000.
โข 2022: $2.3B catered for increase in old age pension from $25,000 to $28,000; while $432 million moved public assistance payment from $12,000 to $14,000
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โข 2020: $1.1B in one-off payment for 19,000 health workers and members of the Disciplined Services
โข 2020: $25,000 one-off payments to public servants, amounting to $2B
โข 2021: 7% across the board increases for farmers servants
โข 2021: $600M in two-week bonuses for 9,200 health workers
โข 2021: $1.2B in one-month bonuses for disciplined services
โข 2022: $1.3B for increase of income tax threshold from $65,000 to $75,000
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โข 2021: Over $3.2B in school cash grants were distributed to 172,000 public school children, and $320M to 17,000 private school students.
โข 2022: An additional $2B to be distributed this year.
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โข 2020: from $8 million to $10 million;
โข 2021: from $10 million to $12 million;
โข 2022: from $12 million to $15 million.
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โข Over $7 billion in flood relief cash grants distributed;
โข Thousands of bags of seed paddy provided to rice farmers;
โข Over 150,000 in breeding stocks distributed to livestock farmers;
โข Over 75,000 food hampers were provided to affected households.
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โข Helping farmers sell their products while consumers benefit from lower prices.
While President Irfaan Ali has promised wide consultation on future relief measures it is highly unlikely that anything of value to the public will emerge from the bowels or mouths of the PNC; Aubrey Norton needs to take several seats until David Granger decides if he will get the one he covets on the Opposition benches in parliament and with it the office and budget to splurge bam-bam alley fare.