- The government has removed VAT and Duty on sport equipment to make them more accessible and affordable.
- Finance Minister Dr. Ashni Singh announced this during his 2024 Budget presentation.
- The government recognizes the importance of sport to human and economic development, especially for young people.
- President Ali aims to develop the sport sector to make Guyana the premier destination for entertainment and sport tourism in the region.
- The budget for sport in 2024 is G$4.6 billion, a $300 million increase from 2023.
Source: newsroom.gy
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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