Latest update April 19th, 2024 12:59 AM
Dec 10, 2017 Letters
Budget 2018 is a midterm budget intended to plaster certain fissures exposed in our economy. It is not a solid fix or an election year budget when all the goodies are provided for. On the macro level, many large and medium scale businesses have been generously catered for in the form of tax write-offs and debt forgiveness ,which given the current state of the economy is most timely and welcomed.
The fiscal construct theory of this midterm budget seems formulated on buttressing the major wealth earners in our economy, hoping that their future success will aid in the social and financial mobility of the proletariat. Which leads my analysis to accentuate that the budget’s approach on a micro level has not offered much confidence in the spending power of the ordinary and most vulnerable groups or to even outline a clear, pragmatic, program and policy that would ease the burden for those most vulnerable and at risk youths to access the available finances.
Our economic well-being is definitely not as robust and stable as is promulgated by the government nor has it reached crisis level being publicized by the Opposition. But both scenarios are crafty illusions of government and Opposition to make politics entertaining as if it was ever mundane or lack materials for a good joke.
Under the present administration and given the one term it has to outdo and undo two decades of the People’s Progressive Party Civic management would it not be completely unfair and unreasonable to expect any new government with an ideological perspective difference to expeditiously enact the transformational changes that a great many agrees is badly needed in order to progressively and cohesively move forward.
And let us forget about the prospect of oil in 2020, to which many have fallen gullible. Had it been definite that oil production was a reality in two years, it would have been one of the best midterm budgets in Guyana’s history. The Finance Minister and government have shown great prudence and resistance in this regard by not allowing themselves to get intoxicated by the euphoric charm of oil.
Cleon M.
Please share this to every Guyanese including your house cats.
Apr 19, 2024
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