Latest update October 7th, 2026 10:30 AM
Latest News
- US$214M audit dispute with Exxon now before ICC
- Suriname rejects 384.8 tonnes of Guyana rice over missing import approval
- MV Barima CoI to last 6 months amid boycotts, protest over unsalvaged vessel
- President’s Lawyer admits reporting Opposition Leader’s page before meta suspension
- Rodrigues-Birkett stands by Gaza ‘genocide’ remarks
We have inflationary growth
Dear Editor,
Having read the Editorial “A Numbers Budget: Tough Debate Ahead” (KN, 29th November 2018), I wondered if the writer of the Editorial considered why, if Guyana’s Public Debt and Foreign Debt are rising, its currency slowly depreciating, and its Current Account Deficit of 12.9% of GDP, this budget really is a budget to shout about or just a Numbers Game?
There is also a $44B shortfall in Government Revenue to contend with. That is, the Government is spending $44B more than it collects in Revenues. This can only be financed by loans or printing money.
I say this because with the relative political, social and economic stability, we do not have growth in Guyana. What we do have is inflation. There has been no major investment into Guyana with huge job creation. As well as, Remittance has dropped.
We have not got real organic economic growth in Guyana; we have inflationary growth.
Yours Faithfully
Sean Ori
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles
Website Hits
Blunt of the day
Sports
Features/Columnists
Sir. Ronald Sanders
The GHK Lall Column
Weekend Cartoon
