Guyana MOF Presents 2026 Budget Speech

The Guyanese Ministry of Finance Jan. 26 presented the 2026 budget speech. The speech includes measures to: 1) remove VAT on locally made furniture, jewelry, and security equipment; 2) remove VAT on specific vehicles; 3) maintain the zero percent excise tax rate on petroleum products, and extend the end date to Dec. 31 for adjusted freight charges used to compute import taxes; 4) increase the monthly old age pension (OAP) to 46,000 Guyanese dollars (US$219) from 41,000 dollars (US$195), effective Jan. 1; 5) introduce an annual transportation support grant of 20,000 dollars (US$95) for OAP pensioners; 6) increase, amount to ...