{"id":23521,"date":"2024-10-16T14:06:14","date_gmt":"2024-10-16T14:06:14","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=23521"},"modified":"2024-10-16T14:08:20","modified_gmt":"2024-10-16T14:08:20","slug":"government-to-announce-measures-addressing-rising-cost-of-living","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/government-to-announce-measures-addressing-rising-cost-of-living\/","title":{"rendered":"Government to Announce Measures Addressing Rising Cost of Living"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p><em>September 28, 2024<\/em><br><em>By NCN News Staff<\/em><\/p>\n\n\n\n<p>During the upcoming parliamentary session, President Dr. Irfaan Ali is expected to reveal measures aimed at combating the global rise in the cost of living. <\/p>\n\n\n\n<p>This announcement will be made at the opening of parliament when the current recess concludes.<\/p>\n\n\n\n<p>Vice President and General Secretary of the People&#8217;s Progressive Party\/Civic (PPP\/C), Dr. Bharrat Jagdeo, stated that the government has allocated a total of 7 billion Guyanese dollars in the 2024 National Budget to mitigate the effects of rising living costs. <\/p>\n\n\n\n<p>When asked if these funds had been utilized, Dr. Jagdeo confirmed they had not yet been spent. <\/p>\n\n\n\n<p>He assured that President Ali will outline specific policies designed to cushion the impacts of the rising cost of living during the parliamentary session.<\/p>\n\n\n\n<p>Finance Minister Dr. Ashni Singh indicated that the funds would be deployed following consultations with relevant stakeholders.<\/p>\n\n\n\n<p>Dr. Jagdeo also defended the government&#8217;s decision to provide blanket electricity subsidies to all consumers rather than imposing higher charges on large foreign companies. <\/p>\n\n\n\n<p>He explained that this approach simplifies administration and helps prevent corruption, which can arise from more complex subsidy systems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>September 28, 2024By NCN News Staff During the upcoming parliamentary session, President Dr. Irfaan Ali is expected to reveal measures aimed at combating the global rise in the cost of&hellip;<\/p>\n","protected":false},"author":4,"featured_media":23522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[365,366,350],"tags":[],"class_list":["post-23521","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-human-development","category-local-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/23521","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=23521"}],"version-history":[{"count":2,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/23521\/revisions"}],"predecessor-version":[{"id":23525,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/23521\/revisions\/23525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/23522"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=23521"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=23521"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=23521"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}