$28,000 for old age pension; $14,000 for public assistance

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The Guyana Government has proposed the increase of old age pension from $25,000 to $28,000.

Finance Minister Dr Ashni Singh says this will place an additional $2.3B of disposable income in the hands of 65,000 old age pensioners.

Meanwhile, public assistance is proposed to be increased from $12,000 to $14,000.

Dr Singh said this will benefit 18,000 persons and provide a further $432M in disposable income to those individuals.