Guyana’s economy is declining. The growth rate fell this year and the projection for next year is modest. This means that the income of the Government has declined significantly and so has its ability to spend. Public expenditure is one of the two main props that keeps the economy ticking over and sustains employment, income […]
Category Archives: Economy
The President’s address to the National Assembly was disappointing. The expectation was that he would use the occasion to announce the Government’s legislative agenda wrapped around policy initiatives for the next parliamentary year. There was a modicum of this. But on the whole it was a political speech, long on political partisanship and short on […]
October 5, 1992, was an historic day for Guyana – the day when democracy returned in free and fair elections for the first time in twenty-four years. It is commemorated only by the PPP but in a way that aids its own credentials and whatever current political disputes it is engaged in. It would have […]
The official information is that Guyana’s petroleum deposits are estimated to be equivalent to 800 million to 1.4 billion barrels of oil from the results of two wells. Many more wells are expected to be drilled by Exxon in the future and no one knows how much more oil, if any, would be discovered. The […]
The results of the referendum held in Britain to determine whether or not it should remain in or leave the European Union (EU), has been won by voters who supported the leave option. Prime Minister David Cameron attempted to resolve the opposition within the Conservative Party to membership of the European Union by way of […]
