Rawle Lucas

(Conclusion) Properly and effectively In the second part of this article, this writer observed that revenue collection was not at its optimal position.

Functions The tax structure is used to collect the revenues that the government utilizes in its programmes, and is a function of the historical experience of the country.

Not simple The revenue challenge facing the new administration is not a simple one.

Important structure One of the most important structures in international affairs is the finance structure.

Reasons for trade deficit As was noted in the first part of this article, trade remains a very important element of the Guyana economy.

On the 26th of May 2015, President David Granger said “Our diplomats must open more markets”.

Resource gap The Bank of Guyana has been reporting for some time now on what it refers to as the resource gap.

Public affairs The government is responsible for several enterprises that are classified in the public accounts as public corporations.

Constant trade deficit Guyana, like several other countries, runs a constant trade deficit.

Public Outcry Ever since it was discovered that the new administration had increased the salaries of its ministers and parliamentarians, there has been a public outcry and groundswell of criticism for taking the action.

Early concerns The early concerns that the Guyana economy has slowed down and that the growth for 2015 would at best be sluggish remain valid even after a round of salary increases.

Wide-ranging powers The National Industrial and Commercial Investments Limited (NICIL) was formed in July 1990.

Decree On May 26, 2015, the Government of Venezuela issued Decree 1787 which purported to annexe the territorial waters of Guyana off of Guyana’s Essequibo coast.

Controversy The experience with the Berbice River Bridge and its relationship with the investment made by the government seem to make people leery about using the public-private partnership investment model in the construction of projects in the future.

Complicated In a process complicated by the prorogation of parliament and the holding of elections after the mandatory budget approval period had passed, the Granger administration had to put together a budget for 2015.

Concern The concern over the deal on the Berbice River Bridge is not only about the level of the investment made by the government vis-à-vis the private sector, but also about the mode of the investment.

Illicit activities The recent disclosure in local print and online media that gold was being smuggled out of Guyana in significant quantities is a blow to the integrity of Guyana’s revenue collection system and an apparent indictment of all aspects of port security ‒ land, sea and air.

Collection entity   For a government to carry out its work or execute the policies that it has adopted for the management of the country, it needs money.

Open mind There is something about the Amaila Falls Hydropower project that haunts this writer.

Replacement Some 33 years ago, global politics and economics combined to force Guyana into searching for a replacement for wheat flour.