IN a bold move aimed at bolstering the economy and providing tangible relief to its citizens, the People’s Progressive Party/Civic (PPP/C) government has injected over $13 billion into the economy in December alone.

This significant financial boost, primarily through salary increases and one-off bonuses, is a testament to the government’s commitment to the welfare of Guyanese citizens, with a particular focus on public servants, the elderly, and persons living with disabilities.

More than 54,000 public servants, teachers, members of the disciplined services, and government pensioners have received their 2023 salary increase representing payment of the 6.5 per cent retroactive salary increase.

The government also ensured that the 12,000 members of the Disciplined Services along with civilian employees of the Guyana Defence Force (GDF) – for the first time – received the one-month tax-free bonus.

In addition to the 6.5 percent salary increase received, as part of a $5 billion cost-of-living allocation, the government also paid out a 25,000 one-off tax-free cash grant to public sector employees, a one-off $35,000 cash grant to persons with disabilities receiving public assistance, while old-aged pensioners also benefitted from the $25,000 one-off cash grant.

The decision to channel funds directly into the pockets of the people demonstrates a nuanced understanding of the economic challenges facing the nation.

By prioritising salary increases for public servants, the government not only acknowledges their dedicated service, but also ensures increased purchasing power within this vital sector of the workforce.

This influx of income is a welcome relief, especially considering the global economic uncertainties and rising prices that have affected households worldwide.

The targeted assistance to the elderly and persons living with disabilities reflects a commitment to inclusivity and social equity. These vulnerable groups often face unique financial challenges, and the one-off bonuses serve as a lifeline to help mitigate the impact of economic pressures. Such initiatives not only address immediate needs but also foster a more inclusive and compassionate society.

Throughout the year, the PPP/C government has implemented a series of strategic initiatives to safeguard Guyanese against the severe effects of global price hikes.

These initiatives, coupled with the December injection of funds, demonstrate a proactive approach to economic management. One notable initiative is the emphasis on infrastructure development, creating jobs and stimulating economic activity. Investments in sectors such as agriculture and renewable energy not only boost domestic production but also contribute to long-term sustainability.

Additionally, the government has actively engaged in diplomatic efforts to secure favourable trade agreements and partnerships. These measures are crucial in mitigating the impact of global price fluctuations, ensuring that essential goods remain accessible and affordable for the people of Guyana.

As Guyanese citizens find more money in their pockets and benefit from a robust economic framework, the nation moves forward with confidence into a future of prosperity and stability.