{"id":21432,"date":"2024-07-20T01:44:47","date_gmt":"2024-07-20T01:44:47","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=21432"},"modified":"2024-07-20T01:44:48","modified_gmt":"2024-07-20T01:44:48","slug":"government-interventions-mitigate-cost-of-living-impact-says-dr-jagdeo","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/government-interventions-mitigate-cost-of-living-impact-says-dr-jagdeo\/","title":{"rendered":"Government Interventions Mitigate Cost of Living Impact, Says Dr. Jagdeo"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>The General Secretary of the PPP\/C, Dr. Bharrat Jagdeo, has highlighted how targeted government policy interventions have alleviated the impact of rising living costs in Guyana. <\/p>\n\n\n\n<p>Drawing parallels with the ongoing Republican Convention in the U.S., Dr. Jagdeo pointed out that the challenge of increasing living costs is a global issue, not unique to Guyana.<\/p>\n\n\n\n<p>Dr. Jagdeo noted that rising costs for essentials such as oil, water, electricity, and mortgages are common across the world, including in the U.S., the largest economy. <\/p>\n\n\n\n<p>However, he emphasized that the Guyanese government has successfully mitigated these pressures through several strategic interventions.<\/p>\n\n\n\n<p>Among these measures, Dr. Jagdeo highlighted a reduction in mortgage rates in Guyana, despite global trends showing increases. <\/p>\n\n\n\n<p>The government has also significantly reduced fuel costs by eliminating a 50 percent excise tax, waiving approximately $80 billion in fuel charges.<\/p>\n\n\n\n<p>The administration has allocated $7 billion in the 2024 budget for further relief measures, following extensive consultations with citizens. <\/p>\n\n\n\n<p>Since 2020, over $200 billion has been injected into the economy through various strategic initiatives aimed at providing relief and promoting economic growth.<\/p>\n\n\n\n<p>Dr. Jagdeo&#8217;s remarks underscore the government&#8217;s commitment to addressing the cost-of-living crisis through direct and effective policy measures.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The General Secretary of the PPP\/C, Dr. Bharrat Jagdeo, has highlighted how targeted government policy interventions have alleviated the impact of rising living costs in Guyana. Drawing parallels with the&hellip;<\/p>\n","protected":false},"author":4,"featured_media":21372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[365,350],"tags":[],"class_list":["post-21432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-human-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21432","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=21432"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21432\/revisions"}],"predecessor-version":[{"id":21433,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/21432\/revisions\/21433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/21372"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=21432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=21432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=21432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}