Last evening, His Excellency, President Dr. Irfaan Ali announced additional measures aimed at providing support for the most vulnerable in our society.
1. A one-off grant of $25,000 to all old-age pensioners, equivalent to one month of old-age pension. This grant will benefit almost 65,000 persons, and place an additional $1.6 billion of disposable income in the hands of our elderly.
2. A one-off grant of $25,000 to all public assistance recipients and persons living with disabilities. This grant will benefit about 25,000 persons, and place more than $600 million of additional disposable income in their hands.
3. An electricity credit paid to GPL on behalf of households consuming not more than 75-kilowatt hours per month. The credit to each household will be equivalent to one month of their electricity bill, and will inject more than $200 million of disposable income to over 40,000 households.