{"id":15047,"date":"2024-01-04T15:09:01","date_gmt":"2024-01-04T15:09:01","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=15047"},"modified":"2024-01-04T15:09:02","modified_gmt":"2024-01-04T15:09:02","slug":"government-measures-abate-high-cost-of-living-in-guyana","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/government-measures-abate-high-cost-of-living-in-guyana\/","title":{"rendered":"Government Measures Abate High Cost of Living in Guyana"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>PPP General Secretary Dr. Bharrat Jagdeo addressed concerns about the increasing cost of living in Guyana during a press conference. <\/p>\n\n\n\n<p>Dr. Jagdeo highlighted that the global phenomenon of inflation is affecting countries worldwide, emphasizing that Guyana is not alone in facing these challenges. <\/p>\n\n\n\n<p>However, he pointed out that the measures taken by the Guyanese government have played a significant role in keeping the cost of living relatively lower compared to many other countries.<\/p>\n\n\n\n<figure class=\"wp-block-audio\"><audio controls src=\"https:\/\/ncnguyana.com\/2023\/wp-content\/uploads\/2024\/01\/Josiah-Cost-of-Living-1.mp3\"><\/audio><\/figure>\n\n\n\n<p>These claims are supported by international reports from reputable institutions such as the Inter-American Development Bank (IDB), the International Monetary Fund (IMF), and the United Nations Economic Commission for Latin America and the Caribbean (ECLAC).<\/p>\n\n\n\n<p>Dr. Jagdeo acknowledged the government&#8217;s efforts to keep the cost of living low, including the removal and reduction of taxes and changes in the taxation basis. <\/p>\n\n\n\n<p>He explained that altering the tax basis helped absorb the increased cost of freight, a major contributor to rising prices.<\/p>\n\n\n\n<p>In addition to tax adjustments, the government implemented measures such as job creation, hosting job markets, reducing fertilizer taxes, and distributing fertilizer to farmers.<\/p>\n\n\n\n<p>The press conference aimed to provide insights into the government&#8217;s actions and strategies to alleviate the economic challenges associated with the increasing cost of living in Guyana.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PPP General Secretary Dr. Bharrat Jagdeo addressed concerns about the increasing cost of living in Guyana during a press conference. Dr. Jagdeo highlighted that the global phenomenon of inflation is&hellip;<\/p>\n","protected":false},"author":4,"featured_media":14981,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[365,366,350,367],"tags":[],"class_list":["post-15047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-human-development","category-local-development","category-news","category-one-guyana"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=15047"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15047\/revisions"}],"predecessor-version":[{"id":15049,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/15047\/revisions\/15049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/14981"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=15047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=15047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=15047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}