The Government of Guyana has fulfilled a major campaign promise by increasing the Old Age Pension to G$41,000 per month as of 2025—a significant milestone that reflects both economic support and a deep respect for the elderly. This increase marks a 100% rise from the G$20,500 pension offered in 2020, delivering tangible improvements to the lives of over 76,000 pensioners nationwide (Ministry of Finance).
Announced during the presentation of Budget 2025, this enhancement injects an additional G$4.5 billion into the economy through pension payouts, which are projected to total G$37 billion this year alone (Stabroek News). The pension uplift is part of a larger suite of social interventions designed to improve the standard of living for Guyana’s most vulnerable citizens.
The pension has steadily increased each year: from G$20,500 in 2020, to G$25,000 in 2021, G$28,000 in 2022, G$33,000 in 2023, G$36,000 in 2024, and now G$41,000 in 2025 (DPI). These progressive steps are not just figures—they represent a more secure, dignified future for the elderly.
The 2025 budget also increased Public Assistance from G$19,000 to G$22,000, benefiting an estimated 40,000 vulnerable individuals. This measure adds G$1.4 billion in direct support to those most in need (Kaieteur News).
Beyond monetary increases, pensioners now enjoy easier access to their funds through over 1,500 payment outlets, including SurePay, MoneyGram, and other payment services, both in urban and remote regions (GNN). Additionally, the return of electricity and water subsidies further enhances seniors’ ability to live independently and comfortably (DPI).
This uplift is more than financial aid—it is a reaffirmation of national values. By doubling pensions within five years and expanding support systems, the Government of Guyana is ensuring that every senior citizen can age with security, dignity, and respect. This is what real progress looks like.
