President Mohamed Irfaan Ali announced that the cash payments to every household aim to reduce economic disparities and relieve financial stress amid rising living costs.
Ali emphasized, "This is how we are promoting prosperity, ownership, distribution of wealth," highlighting investment in national and community wealth from newfound oil resources.
Senior economist Nicolas Suarez stated the payout will increase disposable income overall, relieving budget constraints for Guyanese families struggling with rising costs.
Guyanese authorities have removed over 200 taxes and fees to combat the high living costs while also providing additional financial support to public servants.
Collection
[
|
...
]