Rawle Lucas

Tax policy There is a tendency to use tax policy and not monetary policy to encourage investment in the country and to persuade foreigners to join the investment effort. 

Found wanting A major knowledge product of the World Bank was likely to undergo some revisions in the way in which data are collected and used in one of its flagship publications if the report of an independent panel that was commissioned by the Bank’s Presi-dent last year is to be accepted by him.

Public Face Every so often, a story is told or a report appears in the media about public-private partnerships. 

By Rawle Lucas Cannot be overturned As noted in last week’s submission, the administration controls the entire procurement process in the public sector. 

Poison pill The need to amend the Anti-Money Laundering and Countering Terrorism Act (AMLCT) has given the opposition parties some leverage over an intransigent administration that appears unwilling to govern the country in the interest of all Guyanese. 

More weight In reading about small business in Guyana and elsewhere, quite often one encounters the words “entrepreneurship” and “small business” used interchangeably.

Reform Last year, the administration introduced a bill aimed at reforming the telecommunications industry in Guyana. 

Swirling Around The economy of Guyana exhibited significant vibrancy last year in many ways. 

Upbeat news In the space of two days, Guyanese got a series of upbeat news about the economy. 

Hive of Activity All eyes have been plastered on the behavior of gold over the last few years as the price of the commodity created enormous buzz and stirred many to invest in the industry in Guyana. 

Sustained Path The Guyana economy continues to place too much dependence on gold and remittances. 

Commendable Changes Commendable changes to the Guyana economy go beyond the behaviour of physical output.  

Functions of the Budget At the time of the annual budget proposal, Guyanese get to learn many things about the national economy. 

Sudden willingness Without getting into the merits or demerits of the case, it is reasonable to say that the 2013 Budget has an unusual orientation towards the individual taxpayer.

Externalities As noted in the last piece, the cost of providing the goods and services is just as important to suppliers as the price at which they sell the goods and services.

Market works wonders In our first piece, we began the inquiry into the functioning of markets in Guyana noting that the members of the private sector-households and the business community-were inextricably locked in a dependent relationship of mutual survival.

General Agreement Guyana began its return to a market economy in 1989 with the implementation of the “Economic Recovery Programme” (ERP) which was introduced by the Hoyte Administration. 

General Agreement Guyana began its return to a market economy in 1989 with the implementation of the “Economic Recovery Programme” (ERP) which was introduced by the Hoyte Adminis-tration. 

Benefits for Tax Contributions Undoubtedly, the private sector has seen benefits for the tax contributions that it provides. 

The Debate The issue of budget deficits has been a hot topic of debate in the business, academic and international financial community for some time now.