Sophia, Georgetown – The $161.4 billion, 2011 Election Budget, presented to the National Assembly on Monday last, fell mighty short of offering a better quality of life for the workers and poorer classes of Guyana.
This is according to the main opposition PNC/R, briefing the media this morning.
The party says, Guyanese workers are still saddled with the unconscionable, 16% Value Added Tax, (VAT), which makes a mockery of all the alleged increases in old age pensions, and social assistance, and, the raising of the Income Tax threshold from $35,000.00 to $40,000.00.
The party went on to say, it is obvious that the Minister of Finance, abusing his parliamentary privilege, feels that the length of his Budget speech is a substitute for substance and coherent measures that can promote the development of Guyana .
The huge expenditures announced give no assurance that the result will be a better quality of service in the various sectors.
