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January 27, 2026
January 27, 2026
The Private Sector Commission of Guyana (PSC) said Budget 2026 lays the foundation for stronger private sector growth and shared prosperity, with measures designed to stimulate economic activity, boost competitiveness, and improve quality of life for citizens.
The $1.588 trillion budget aims to create an enabling environment for enterprises to expand, attract investment, and allow citizens to participate meaningfully in national development. Key initiatives include targeted incentives through Special Development Zones, removal of corporate tax on agriculture and agro-processing, revisions to the export allowance framework, and the elimination of VAT on locally made furniture and jewellery.
PSC said the establishment of a dedicated SME Development Bank, supported by capital injections, micro-credit, and co-investment financing, will strengthen entrepreneurship, innovation, and job creation across priority sectors.
The commission also highlighted measures that lower business and household costs, such as the removal of VAT and duties on security equipment, vehicles, hybrids, ATVs, and outboard engines, as well as the continuation of zero excise tax on fuel. PSC said these actions will reduce operational expenses for businesses and ease the cost of living for consumers.
Initiatives supporting families, workers, and vulnerable groups—like increased grants for children, transportation, uniforms, education, pensions, and public assistance, along with the removal of corporate tax on child-care and elderly-care facilities—are expected to create a more stable and resilient workforce. By putting more money into people’s pockets through higher income tax thresholds, removal of net property tax, cash grants, and increased stipends, the budget is projected to inject roughly $100 billion into disposable income, driving consumer demand and business growth.
“Budget 2026 represents a balanced and forward-looking approach that aligns private sector development with social progress,” PSC said. “These measures will strengthen the business community, stimulate investment, expand opportunities for small and large enterprises, and deliver tangible benefits to all Guyanese as the country continues on its path of sustainable economic development,” the commission added
