BREAKING NEWS! Tax-free retro salary, minimum wage up to $70,000
― Finance Minister announces
DPI, Guyana, Wednesday, November 13, 2019
For the second time around, public servants this year will receive a tax-free retroactive salary increase, Finance Minister, Hon. Winston Jordan announced today.
Along with their retroactive salaries, public servants will also see the minimum wage taking a 9% hike, moving from $64,200 to $70,000. The increase represents an over 77% climb since 2015.
Minister Jordan made the announcement this morning on the National Communications Network’s (NCN) ‘INSIGHT’ radio programme.
“In three and a half years, the minimum wage has gone up by over 75%. I think by any stroke of circumstance, that is a significant development and I know that the workers are going to be happy. And I know that they are happier still because 2018, I first brought in tax-free back pay, and I asked the Cabinet, they agreed and I continue this year,” he told the listening public.
During a meeting resident of Kwakwani, Region 10, Upper Demerara-Berbice on Sunday, Minister Jordan initially relayed that the hike, to public servants’ salaries this year, will take the overall increase to an all-time high of 75% – a record unheard of under any previous administration.
Since coming to office in 2015, the Coalition has been substantially increasing salaries for public servants. Between 2015, and this year, the total increase stands at some 64.2%. The increase for this year will drive it up by over 11%.