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In fulfillment of a promise to the people, the Government of Guyana will allocate funds in its 2026 National Budget to provide a GYD$100,000 cash grant to every Guyanese aged 18 years and older.
President Dr. Mohamed Irfaan Ali made the announcement on Wednesday while outlining his administration’s economic and social agenda for the next five years during an address at the Arthur Chung Conference Centre (ACCC).
“And other cash grants will be paid during the course of the next five years,” the president pledged.
Beyond the universal cash grant, President Ali said the government will also roll out direct assistance to households to support the construction and upgrading of homes, as part of efforts to ensure that all Guyanese live with dignity and comfort.
Parents of school-aged children are also set to benefit from increased support, with the Because We Care cash grant rising substantially to $100,000 per annum.
The president also outlined a series of fiscal and tax measures aimed at stimulating economic activity and easing costs in key sectors. These include a flat tax of $2 million on double-cab pickups with engine capacities under 2000 cc, and a flat tax of $3 million on double-cab pickups with engine capacities between 2000 cc and 2500 cc.
Additionally, the government will remove corporate taxes on agriculture, agro-processing and veterinary services, and establish special development zones where a tax-free incentive regime will apply.
The measures were among several initiatives and programmes announced by President Ali as part of his broader vision for economic growth, social protection and improved quality of life over the next five years.
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