Economic Performance The Minister reported that Global output in 2020 is estimated to have contracted by 3.5 percent and in the Latin America and the Caribbean region, economic output is estimated to have contracted by 7.4 percent in 2020.
This first full-year budget of the PPP/C since resuming office, is themed “A Path to Recovery, Economic Dynamism and Resilience”.
Growth Real GDP is expected to grow by 20.9% while the non-oil GDP is projected to grow by 6.1%.
The current balance projects a surplus of $2,609 million, a reversal of $23,046 million over revised 2020.
Analysis of expenditure Introduction Based on the priorities of the Government as set out in its Policies and Targets, the Cabinet, which recommends the Estimates, seeks the approval of the National Assembly for the allocation of the funds.
In this section we summarise and comment on the 2021 Budget measures in the Budget speech.
In the introduction to this focus we referred to the right of a fair return defence of the petroleum agreement by President Ali, which marks a significant change by the Administration whose 2020 elections manifesto promoted renegotiation.
Earlier this year the General Manager reported that the country’s National Insurance Scheme ended 2019 with a deficit of $1.503 billion.
One day before Budget 2021 was presented, the National Assembly passed legislation to amend the Law Reform Commission Act, the principal purpose of which is to keep under review the laws of Guyana for the purpose of their simplification, modernisation, systematic development and reform.
Like in the 2020 Budget, the impact of the COVID – 19 Pandemic featured highly in the 2021 Budget.
The crying crowds have gone, even as the candle-lit vigils continue across the country and overseas.
Installment 2021-2 As of January 26, 2021, the Centers for Disease Control and Prevention (CDC) requires all air passengers entering the United States (including U.S.
Despite its long and illustrious history of trade unionism and its socialist pretensions, as a country we have signally failed to provide to our workers what could be considered a living wage.
Every so often there is the demand for the establishment of a truth and reconciliation commission (TRC), a transitional justice-type organisation, to help quell the ethnic divisions in Guyana.
By Nina L. Khrushcheva MOSCOW – There are arguably two moments in the last century when a wrecking ball was taken to Russia’s political regime.
When the economies of the Caribbean and Central America finally exit the pandemic, most will be in crisis.
On 4 February 2021, the Fiscal Management and Accountability (Amendment) Act 2021 was passed in the National Assembly.
By Renuka Anandjit and Angelique V. Nixon Renuka N. Anandjit is a Guyanese born, Trinidad-based scholar and activist.
A montage of wounds is on display in Guyana. But the kaleidoscope of red and pink gashes seems not to have persuaded most of us to change or demand a better society.
-“Honourable”? Look give me a break! Good grief friends, stealing should never be about “better”, or “more”.
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