Guyana Government Announces Increase in Minimum Wage

Finance Minister Winston Jordan. (DPI Image)

GEORGETOWN, Guyana, CMC – The Guyana government Wednesday announced a new GUY$70,000 minimum wage for public servants.

“In three and a half years, the minimum wage has gone up by over 75 per cent. I think by any stroke of circumstance, that is a significant development and I know that the workers are going to be happy. And I know that they are happier still because 2018, I first brought in tax-free back pay, and I asked the Cabinet, they agreed and I continue this year,” said Finance Minister Winston Jordan.

Jordan, speaking on the state-owned National Communications Network (NCN) a radio programme here said the public servants would this year will receive a tax-free retroactive salary increase.

Along with their retroactive salaries, the public servants will also receive a minimum wage of GUY$70,000, a nine percent increase on the current GUY64,200.

He said it represents more than 77 per cent increase since 2015.

Public servants earning between GUY$100,000 to GUY$999,000 per month will enjoy an 8.5 per cent increase and those earning more than a million dollars per month will get a three per cent hike.

All of the increases will be retroactive to January 2019. – CMC