The $25,000 one-off bonus introduced for public servants, together with lecturers, members of the disciplined companies, and workers of semi-autonomous businesses shall be tax free.
Basic Secretary of the Individuals’s Progressive Celebration, Dr Bharrat Jagdeo, clarified this on Thursday whereas addressing misrepresentation surrounding the federal government’s announcement of the bonus.
“The grant is a tax-free grant. It’s coming, not from funds put aside for wages and salaries for the yr, however as I mentioned earlier than, we have now $5 billion put aside to help with cost-of-living will increase,” the Dr Jagdeo informed reporters, including that it’s going to deliver immense advantages to nearly 200,000 Guyanese. “This isn’t the wage enhance for public servants for 2023. The president talked about that we have now to announce the annual enhance for public servants and public sector workers usually for the yr 2023. So, when that’s introduced, then the speed shall be calculated and they’re going to get their total retroactive package deal for the yr,” he added.
He mentioned the bonus places some US $25 million in disposable revenue into the pockets of public servants.
“We’ve seen the inflation fee abate. The inflation fee up to now shall be lower than three per cent for the yr, and we determined that the general public sector workers shall be benefiting largely from this grant,” Dr Jagdeo continued.
Earlier Thursday, president Dr Mohamed Irfaan Ali introduced a slew of help measures, which embody wage changes for graduate lecturers, a one-off bonus for individuals residing with disabilities, $850 million for the acquisition of fertiliser for distribution to farmers, and elevated earnings for Neighborhood Enhancement Employees.
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