By Celestine Chacon | January 20, 2025
Effective January 1, 2025, Guyana’s Old Age Pension has increased by 14%, moving from $36,000 to $41,000 per month.
The adjustment, announced by Senior Minister of Finance Dr. Ashni Singh during the 2025 budget presentation, marks a continued effort to enhance financial stability for the country’s elderly population.
Over 76,000 pensioners are set to benefit from this increase, which will inject an additional $4.5 billion into the local economy.
Minister of Human Services and Social Security, Dr. Vindhya Persaud, highlighted that this adjustment fulfills the government’s 2020 commitment to double the pension amount, which then stood at $20,500.
In addition to the pension increase, Public Assistance has been raised from $19,000 to $22,000 per month.
This measure is aimed at further supporting vulnerable groups across the country.
The 2025 budget also includes allocations for social programs designed to assist women and marginalized communities.
According to Dr. Singh, 5,900 women received training in 2024 under government programs, and an additional 11,200 women are expected to benefit in 2025.
The budget will also continue funding shelters, counseling services, and anti-trafficking initiatives.
With a total of $58.5 billion allocated for social services in 2025—an increase from the $46.9 billion spent in 2024—the government continues to prioritize the welfare of its citizens, reinforcing its commitment to social and economic support.