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There is a lot o money to recover

Apr 08, 2015 Letters

Dear Editor,
The PPP Minister of Finance was quoted by GINA on March 30, 2015 as saying that the broad-based Coalition (the Coalition) has “resorted to utter promises of random goodies”.  Ashni Singh should know better than to utter such nonsense.
He sits in a chair that gives him front seat access to information that ought to equip him with the tools to understand clearly why the Coalition cannot offer more than 10 percent in the first 100 days.
Over the last three years, the economic performance of the PPP Finance Team was worse than mediocre with their average growth rate of sub five percent growth rates, depletion of the foreign reserves by over $42 billion, squandering of over $62 billion on Ponzi scheme projects and failure to arrest the balance of payment crisis we have in Guyana.
GPL and GuySuCo continue to underperform, bleeding the nation for a further $20 billion over the period 2011-2015.  NIS is technically insolvent. And the list goes on.
What the Minister of Finance and his sidekick Bharrat Jagdeo has not told you is that very little of these billions went to the masses or the workers.  Most of it went to the contracting class and their friends in the PPP cabal.
What the Minister of Finance has not told the people is the true financial state of Guysuco?  Today the government has announced wildly that they need $20 billion for Guysuco.  To do what exactly?  Or is this another figure that was plucked out of the sky by the PPP cabal like how the government plucked $10 billion out of the sky to spend on their favourite Ponzi scheme project that is managed by Donald Ramotar’s son— the “ICT cable project to nowhere”?
In 2011, the AFC after reviewing the books, made the decision to offer a 20 percent salary increase to all categories of workers from the sugar belt to the civil service to the semi-autonomous agencies.
In 2011, we had a plan to fund every single cent of it from the AFC proposed budget; in 2011, the income generating capacity of the central government operations and the combined semi-autonomous agencies / government corporations were much stronger than they are in 2015.  Why?  Because of the poor economic performance by the PPP administrators between 2011 and 2015.
So these are not random goodies but concrete policy recommendation based on the deteriorated state of the Treasury thank to the “economic kangalangs” in the PPP.  The Coalition has no choice but to propose a salary increase that reflect the times.  There is one thing the Coalition will not do, spend what it does not have like this “borrow and spend PPP cabal”.
 Sase Singh

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