Latest update March 12th, 2026 7:30 PM
Jan 14, 2026 Letters
Dear Editor,
Government spending that is structural is hard to curtail or scrap. The government is fiscally correct to not institutionalise across-the-board cash transfers, and to resist such demands in the 2026 Budget.
Guyana needs to move quickly to medium-term fiscal budgeting given the volatility of oil prices. I’ve laid out the basic arguments and provided many case studies in my book, “From Rags to Riches: Is Guyana Ready for the Oil Bonanza: and further in my current book” Contemporary Problems for Caribbean Economies: Crucial Problems and Practical Solutions, Macmillan publisher, Oct 2025.
Guyana can take lessons from the failed social policies of Bolivia during the gas boom, and the challenges facing Trinidad and Tobago as oil and gas dry up this decade, if new reserves are not found quickly. My hope for Guyana is that the public investments, the ongoing “big push”, will turn out to be productive and pave the way for growth and development. Oil is a finite resource, a point worth noting with “Liza One & Two on track to dry up in three years” (see Kaieteur News).
In this decade Guyana will need billions to cover maintenance for wear and tear and for upgrades. Deferring such capex would be unwise — witness the production problems with GuySuCo — as the nation would be left with substandard and decrepit infrastructure. Policymakers would be foolish to ignore these warnings.
Regards,
Terence M. Yhip
Subscribe to get the latest posts sent to your email.
Your children are starving, and you giving away their food to an already fat pussycat.
Mar 12, 2026
2026 Commissioner of Police T20 Cut Round 1… Kaieteur Sports – Led by a classy fifty from Kevlon Anderson, the Presidential Guards sped to an easy 7-wicket victory over the GPF Academy...Mar 12, 2026
(Kaieteur News) – In the latest twist in the political narrative of the country’s Opposition, there is an unvarnished attempt to suggest that under the leadership of the PNCR during the period 2015 to 2020, the party’s support base was neglected. Nothing could be further from the truth. The...Mar 08, 2026
By Sir Ronald Sanders (Kaieteur News) – It is a mistake to believe that the war in Iran and the retaliatory actions in the Gulf are too far away to matter to the Caribbean. The fallout is already reaching the region, pushing up the costs of fuel, freight, and everyday goods across the region....Mar 12, 2026
(Kaieteur News) – The PPP went from ideology to lust for power then love of money. The connecting thread was abject surrender to slavery. From Marxism to socialism to capitalism. The latter is about free enterprise. Alongside free enterprise, there is an endless list of sacred freedoms. ...Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: glennlall2000@gmail.com / kaieteurnews@yahoo.com