Embattled U.S sanctioned businessman, and the leader of the We Invest in Nationhood (WiN)
political party unleashed one of the lowest of political attack directed at the President about cash
grants. In a pre-recorded, scripted statement on his page, the WiN leader drew references to
other countries that pay to their citizens direct cash transfers. Those countries referenced were
Middle Eastern Countries. Interestingly, it would appear he knows quite a lot about those Middle
Eastern countries and less or nothing at all about his own country’s fiscal management and
policies implemented by the PPP/C government. This is not surprising because it should be noted
that this individual apparently does business with a particular Middle Eastern Country, which is
the subject of the gold smuggling case he has found himself in deep trouble. It is the very Middle
Eastern Country he’s allegedly smuggled off over $300 billion worth of Gold, evaded taxes in the
value of some $191 billion and is now lecturing the President and by extension the PPP
government about cash grant.
Guyana under the PPP/C government has been transferring various forms of direct cash
transfers and relief to Guyanese households long before crude oil and gas was discovered. He
may not be aware of this because he was busy engaged in alleged illicit trading of Gold, which
he is now the subject of OFAC sanctions and having been indicted in a US Court of law.
Consequently, since he appears uneducated about his country’s policies whereby he has
insinuated that those large, monarch-governed Middle Eastern countries pay their citizens cash
grant from their oil resources, here are some interesting facts for his edification about Guyana:
- The Mortgage Interest Relief (MIR) introduced in 2013 by the PPP/C government for
home loans covering up to $30M, is another form of direct cash transfer to the citizens.
The annual interest expense for a loan of up to $30M is approximately, $904K or a total
of $22.6M over 25 years (the life of the loan)…for a low income loan of up to $10M, that
is $300k in annual interest expense or $7.5M over the life of the loan for 25 years. This
is a form of direct cash transfer to the citizens. - The “because we care cash grant” was introduced in 2014 by the PPP/C government,
which was discontinued by the APNU government in 2015 – 2020, and reinstated by
PPP/C government in 2021. This cash grant increased from $10k per child to $50k per
child + $5k uniform allowance, bringing the total to $55k per child, annually. This is a form
of direct cash transfer to the citizens. - Prior to 2015, under PPP/C government, CXC/CSEX fees were partially subsidized. In
2025, the PPP/C government raised this subsidy to full coverage for eight (8) subjects per
child. This is another form of direct transfer to the citizens. - The annual public assistance is another form of direct cash transfer to citizens.
- The first phase of introducing free tertiary education was when the government
implemented a debt write off policy for past students of the university of Guyana. All their
old debts were written off. This is a form of direct cash transfer. - When the GOAL scholarship was introduced and now free university education, these are
other forms of direct cash transfers to citizens. - In 2025, the government introduced a newborn cash grant of $100k per newborn. This is
another form of direct cash transfer to the citizens. - When oil prices doubled in the post-covid period, the PPP/C government subsidized the
increased cost to GPL, which is over $20 billion to keep electricity prices to the consumer
constant; this is another form of direct cash transfer. - In 2020, when the PPP/C government reversed the APNU-AFC draconian taxes, over 200
new taxes; these are essentially direct cash transfers to the citizens amounting to
over $90 billion annually. - In 2020 through 2025 when the PPP/C government waived the excise tax on fuel imports
from 50% to 0%—this is another form of direct cash transfer to the citizens valued
at over $60 billion annually.
These are just few to mention and if we are to quantify these measures as they currently stand,
these would amount to upwards of $500 billion annually, in direct cash transfers to Guyanese
households.
The one-off cash grant which the PPP/C government introduced in 2024, that they promised will
become an annual transfer in their campaign and 2025-2030 manifesto, be assured that it will
become an annual transfer in addition to all of the above introduced under the PPP, all of which
were implemented before oil revenues started flowing to the treasury. One has to also be mindful
that those funds would have to be appropriated in the budget, and the government is currently
pre-occupied with 2026 budget preparation. This is alien to the WiN leader and one can
understand why he would not appreciate this because he has a longstanding, well established
track record, allegedly, of breaking the law. Not accustomed to compliance with the law and
therefore is completely unaware and ignorant of the fiscal laws, fiscal management and public
accountability procedures and practices. Or perhaps, he is more anxious for another sitting of the
National Assembly, not because he cares about the people, but his own self-serving motive
designed to escape the consequences of the OFAC sanction.
Guyana’s approach to direct cash transfers is robust, institutionalized, and predates oil revenues.
The PPP/C government has implemented numerous measures benefiting households, amounting
to over $500 billion annually. Criticisms from the WiN leader are baseless and reflect a lack of
understanding of established fiscal policies and accountability procedures.