Minister of Finance, Winston Jordan in his budget presentation has announced that government intends to increase the income tax threshold to $660,000, from $600,000.

He noted that with this measure, over 68,000 workers will be removed from the income tax roll, in addition to the fact that workers have an additional disposable income annually.

In concluding his budget presentation, the Finance Minister said that the budget 2016represents the beginning of the fulfillment of the vision of transforming the national economy and providing a Good Life to all Guyanese.

“In this momentous year of the 50th anniversary of our Independence, we have sought to lay the foundation for progressively higher and more stable growth in an economy that has been too accustomed to anemic growth rates,” the Minister said.