Latest update March 28th, 2024 12:59 AM
Feb 01, 2016 Features / Columnists, Peeping Tom
The estimates of revenue and expenditure tabled in the National Assembly for 2016 should be passed without debate. There is nothing to debate.
This year’s Budget is the best ever in the history of Guyana. Here are ten reasons why.
1. It was the shortest Budget speech ever. There was no need for fluff. There was no need to oversell the measures contained within the Budget. It was short and sweet.
2. Old people run things. This year’s Budget was an old person’s dream come through. Imagine the savings that desperate old men and women will have. When they go to the airport, after spending hundreds of thousands on a plane ticket, they will not have to be further burdened by paying the departure tax.
This will save them $2500 every time they travel. All the old people who living in America and Canada will now want to come home for holiday.
They also will save an additional $800 per year by not having to pay to renew their driver’s licence. On top of that they are obtaining a massive $40 per day in pension. Things looking up for old people especially since these old fogies are being rehired en masse in government offices.
3. Retro- fitting of cars. All the vehicles presently on the roads will soon sport new tyres rather than the old used tyres which were a safety risk.
4. New cars instead of old new cars will soon be rolling on our roads. All the vehicles on our roads will be new vehicles.
This marks the end of old tyres and reconditioned cars. This will also mean that in a few years, fewer vehicles will be on our roads because not everyone can afford to buy a new car. Guyana is preparing itself for the petro dollars.
5. The threshold has been increased by a $5000. On top of this, the 50% increase coming, after negotiations with the unions. The Ministers already earned their 50% and it is now time for the ordinary Public Servants to earn theirs.
6. Vat decrease deferred. With all the increases due to be paid, the anticipated reduction in the VAT was put on hold. The government cannot afford any more reduction in the cost of living.
The government is already losing hundreds of billions by that $20 per liter reduction in the price of petrol. This is a good move because there will be no revenue shortfall this year.
7. Electricity tariff reduction has also been put on hold. This will encourage businesses to reduce the high wastage of energy that is presently taking place. Brilliant move!
8. Completing PPP projects. Most of the incomplete PPP projects such as the widening of Sheriff Street and the construction of the Del Conte Road will commence. The mess that the PPP left is being cleaned up.
9. Back to the old days. In the old days if you wanted to go on a holiday you had to get a tax clearance.
Today if you want to renew your driver’s license you have to get your tax clearance.
The burden is now on you to prove that you have paid your taxes rather than on the Guyana Revenue Authority to ensure that you do. This is good news also.
10. Licence fees increase. This is long overdue. These fees are too low. The increase in the fees on firearms will discourage persons from wanting to own weapons. As a result there will fewer weapons in society. The bandits will have fewer firearms to steal and this will reduce crime.
Congratulations on the Best Budget ever! Now on to celebrate the $300M set aside for Independence.
THIS IDIOT TELLING GUYANA WE HAVE NO SAY IN THE 50% PROFIT SHARING AGREEMENT WE HAVE WITH EXXON.
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