Dr Gampat is raising very important issues in his letter, SN 2025-06-04, related to the adequacy of financing of Guyana’s economic development thrust through the Central Government Budgetary revenues and expenditures. He also noted the dual nature of the economy, namely, oil and non-oil. He argues for the use of Guyana’s non-oil Gross Domestic Product…
The recent US reciprocal Tariff Schedule for Guyana, 76/38 % is not trade-weighted by the amount of Guyana’s exports versus its imports from the US. It appears that Guyana has used its 76% tariff charged to the US as a revenue measure, in a similar way that Trump is attempting to do. For example, fish exported…
I agree with Christopher Ram, the teacher, in his article, SN-2025/03/28: ‘Are these payments reflected in the revenue of the Guyana Revenue Authority and the Consolidated Fund?’ Government accounting rules should be followed in a similar way that private accounting does, such as the generally accepted accounting principles (GAAP), as a key standard used in…
There are many unanswered nuanced questions surrounding the Petroleum Sharing Agreement, PSA2016, and Guy-ana’s budgetary matters omitted in the article SN 2025-01-13, regarding the long-term welfare of the nation. The contract templates were carried into the new 2016 contract as if the two major parties were in agreement on the new 2016 contract. The 1999…
Dear Editor, Mechanization is not a strategy as mentioned in article, SN 2025-01-08. GuySuCo can pursue one of three generic strategies: low cost per ton of sugar, focusing on a market segment, or creating differentiated products to sell. The corporation should be consistent with Guyana’s avowed agricultural policy of diversification and pursue a differentiated product…
The letter in SN 25-01-06 by Sanjeev Datadin may not be in line with universally accepted legal principles. It appears that an ordinary business contract can over-ride Guyana’s Constitutional Laws governing taxation. Further, can one party create a law to break another law? These are principles in the Law of Contract, in Cheshire and Fyfoot,…
I join with others in calling for revising of the 2016 Production Sharing Agreement, PSA 2016. Withdrawal rules are less important than invoking the special clause under Article 24, ‘Force Majeure’, dealing with the additional actual and potential activities that are placing Guyanese to bear indirect costs arising from activities of adding an oil industry…
The public deserves information on the outcomes of the 2016 Petroleum Sharing Agreement, PSA2016. Article 15.1 purports that Guyana’s tax laws are complied with by the contractor and its affiliated companies. This is in form only. Substance of actual corporation profits tax, under Guyana’s Sovereign Tax laws, are not paid into Guyana’s Consolidated Fund. This…
Ravi Dev’s caution about Girmitiyas, former labourers or People of Indian Origin, PIO, does not have to begin or end in disappointment. (SN – 2024-12-08). He cites an example that is already appealing to politicians. ‘They hope Bharat would follow the African Union, which declared its diaspora as “Africa’s 6th Region”. This is an opening…
I thank Dr. Vishnu Bisram for pointing out an economic approach towards distributive justice in managing oil wealth in Suriname: ‘“Royalties for Everyone”, on the decision by the government of Suriname to grant a savings note (royalty shareholding certificate) of US$750 to each of its citizens, payable after 2028 with 7% interest and a contrast…
