The budget outlining the Government’s plans, programmes and expenditures for 2023 reflects Guyana’s increasing income from its rapidly expanding petroleum industry. At $781.9 billion, as against $552.9 billion for 2022, this budget is 41 percent larger than 2022. The 2022 budget was in turn larger that the 2021 budget by 44.3 percent. This budget was […]
Tag Archives: economy
THE BRIGHT CENTURY BECKONS GUYANA, BUT WHAT’S IN IT FOR ME, AND WHEN?
The spectacular possibilities that await Guyana were revealed at the recently concluded Oil & Gas conference. Government spokespersons, led by President Irfaan Ali, Prime Minister Mark Phillips and Vice President Bharrat Jagdeo, and other officials, revealed plans, set out priorities and declared objectives. The head of Exxon talked about the possibilities of the oil industry […]
ENDING MIS-MANAGEMENT AND CORRUPTION OF STATE-OWNED COMPANIES
When nationalisations of private owned enterprises took place in the 1970s, first bauxite, then sugar, followed by the banks and others, initiated by the PNC government and supported by the Opposition PPP, they were ideologically and politically driven. The ideological considerations were genuine, but there were also other important considerations, such as imposing political and […]
NO NEW TAXES
The public is hardly interested in the details of budgetary explanations and analysis and for many like myself, I find going through figures to be sheer drudgery. But I could not help but feel a sense of elation at the conclusion of the budget speech by the Minister responsible for Finance. As was expected, and […]
GUYANA CANNOT PROGRESS WITH HALF THE POPULATION ALIENATED
If one of the two main political groups in Guyana, the Peoples’ Progressive Party/Civic (PPP/C) or the A Partnership For National Unity + Alliance For Change (APNU+AFC) achieves an absolute majority at the March 2 general elections, one half of the population will feel alienated. This alienation has been the signal feature of Guyana’s politics […]