GEORGETOWN, Guyana, November 13, 2019 (CMC) – The Guyana government announced, today, 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 percent. 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 (in) 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 program, here, said the public servants 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 percent increase, since 2015.
Public servants earning between GUY$100,000 to GUY$999,000 per month, will enjoy an 8.5 percent increase, and those, earning more than a million dollars per month, will get a three percent hike.
All of the increases will be retroactive to January 2019.