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Guyana Budget & Policy Bites

Serving Fresh Policy News and Views | One Post at a Time

Guyana Emergency Early Education Project: Securing Our Children’s Future

By Boamattie SinghApril 15, 2020

Across Guyana, students in Grade 5 and 6 who are in the pipeline to take the National Grade Six Assessment are without adequate learning materials while at home due to the current COVID-19 nation-wide lockdown. The lack of access to adequate and quality learning materials, particularly by students in low-income and poor families outside the urban areas put their education and hope for a successful career and life at risk. The Guyana Budget Policy Institute in partnerships with a team of students and teachers from Harvard University have stepped up to help fill this gap by providing access to high-quality materials tailored to the needs of the these students. See full article for how to access these materials and for details on how you can support this project. Together we can secure our children’s future.

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Audit Reports can Boost Accountability and Efficiency if the Government Takes Them Seriously

By Boamattie SinghNovember 2, 2018

Public audits can be used as a tool to identify and tackle inefficiency, mismanagement, waste, and fight corruption if lawmakers take them seriously and act on their recommendations. For the fiscal year, 2017, taxpayers lost more than $1 billion in overpayments to contractors, payments for goods without any vouchers, and payments for good that were not delivered, according to the Auditor General’s report. Public audits are meant to provide lawmakers and taxpayers with an assessment of how well public agencies delivered public services, whether they have operated within their budgets, and more importantly, whether they have executed their functions consistent with good public financial management practices.

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More Pain and Economic Hardship Ahead for Berbicians, Unless the Government Acts

By Dhanraj SinghOctober 26, 2018

Berbicians are in for more pain and economic hardship as the Berbice Bridge Company proposes tolls increases that are three times higher than current tolls. Families and businesses alike are already suffering from the ill-advised closure of multiple sugar factories that were the backbone of the County’s economy. The proposed tolls hike would devastate families, especially low-income and poor families, school children, and workers, and bring the County’s economy to a grinding halt unless the government takes the necessary steps to avoid the proposed toll increases.

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Reduced Health Funding in Guyana Since 2011 Resulted in Higher Infant and Child Deaths and Worsened Adult Health Outcomes

By Dhanraj SinghSeptember 25, 2018

Public investment in health in Guyana declined continuously since 2011, reaching its lowest level in almost two decades. The result was a substantial increase in child deaths and a slowdown in improvement in adult life expectancy. Balancing a budget on healthcare or tying its funding to non-economic outcomes are short-sighted policies with devastating consequences that are paid for with Guyanese lives.

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Suicide is a Society-Wide Problem That Needs a Society-Wide Solution: Social Organizations Can Do More

By Dr. John ShivdatSeptember 5, 2018

One of the biggest public health and social issues facing Guyanese is the rate of suicide deaths which remains one of the highest in the world. The problem affects all races and ethnicity, however, it is more rampant in communities with a large Indian population. Several economic and social factors are linked to suicide and these are likely to worsen with the current economic slowdown. Religious organizations, charities, and other institutions can take a more active role in providing people with necessary skills, information, and knowledge to overcome suicidal ideation.

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Government Should Fund an Earned Income Tax Credit Program: A Better Option Than Cash Transfers

By Dhanraj SinghAugust 22, 2018

The government should use a portion of oil revenues to fund an Earned Income Tax Credit (EITC) program to help lift families out of poverty and put them on a path to prosperity. It also incentivizes work as opposed to discouraging it resulting in greater labour market activities and improvement in social and economic well-being. The EITC is one of the most successful anti-poverty reduction policies and a better option than direct cash transfers. In addition to lifting poor and low-income families out of poverty, the EITC has been successful in growing the tax base and reign in informal activities in the formal economy.

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Deaths By Suicide Remain a Major Public Health Issue in Guyana – Lawmakers Can Do More to End This Tragedy and Save Lives

By Ryan RamphulJune 12, 2018

Deaths by suicide in Guyana remain among the highest in the world, despite progress in recent years. In 2018, 31 of every 100,000 persons died by suicide. This puts Guyana second for the highest suicide death rate in the world, behind only Sri Lanka, according to data by the World Atlas. The cost of suicide is high, it destroys lives, damage communities, and undermine long-term economic prosperity. Fortunately, lawmakers can do more to prevent this tragedy and save lives.

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Guyana Flirts with a Public Health Crisis: Immunization Rates Fell Despite Record Funding for Health

By Ryan RamphulApril 16, 2018

Once a poster child for immunization coverage, Guyana is flirting with a public health crisis from common preventable illnesses. In 2016, vaccination rates that protects against polio, tuberculosis, pneumococcal disease and other fatal bacterial infections declined between 3 – 5 percentage point over 2014. The decline in these vaccination rates are not only striking but a surprise given that from 2014 public health expenditures grew by 29% or almost $6 billion, reaching a total of $26.2 billion in 2016. Lawmakers and public health professionals, alike, must take these findings seriously, take immediate actions to investigate the causes, and corrective measures to ensure that every child gets vaccinated on time.

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Budget Overview: The Real Winners and Losers of the 2018 Budget

By Dhanraj SinghDecember 4, 2017

Regrettably, the only winner of the 2018 budget is the government, not the hard working Guyanese families struggling to make ends meet, agriculture and low-skilled workers searching for good paying jobs to support their families, or small businesses struggling to make payroll. The growing cost of government administration consumes significant amount of resources that could be better use to benefit families and businesses. Despite increasing total spending, the budget cuts funding for critical sectors and is unlikely to stimulate job creation and economic growth.

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Rethinking How We Invest Public Finance: What Should Guyanese Expect in the 2018 Budget?

By Dhanraj SinghOctober 28, 2017

While there is no way of knowing what the government priorities are until the budget is presented, it is important to reflect on the state of the economy and more importantly the policy and budget decisions of the 2017 budget that contributed to the current economic distress. Despite record level government spending, the economy remained in peril with high-risked growth, high unemployment, severe poverty, rising crime, and low consumer confidence as funding for key sectors were diverted to a growing appetite of the government administration costs. Fortunately, there are common sense policies the government can take to boost the economy and promote widespread economic prosperity.

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Guyana Ratings on Gender Equality and Social Cohesion Declined, World Bank Data Shows

By Dhanraj SinghAugust 26, 2017

The experience of countries around the world shows that closing the gender gap and reducing inequality results in better social and economic outcomes, and promotes widespread prosperity. Unfortunately, in Guyana, there is a reversal of progress made in these policy priorities, according to according to recently released data by the World Bank. This is likely a contributing factor to the country’s current social and economic problems.

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Guyana: Finding Oil and Real Prosperity Are Not the Same, Note the Differences and Beware of the Dangers.

By Dhanraj SinghAugust 4, 2017

The discovery of oil and the potentials for economic growth and improved standard of living are good news for Guyanese families, workers, and businesses. However, the benefits of oil wealth do not automatically flow from the state’s treasury to families, businesses, and the economy. Like oil companies which have to assembly rigs, refineries, transportation, and distribution systems to move oil from the earth to the pump, so too must the government take necessary steps to ensure oil wealth flows from the state treasury to the kitchen tables of families, pocket books of small businesses and grow the economy.

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RELATED ARTICLES
  • Bankrupted Treasury left by APNU/AFC will Impact New Government – Budget Institute
    June 25, 2020
  • Guyana Emergency Early Education Project: Securing Our Children’s Future
    April 15, 2020
  • Oil and Gas: Common Mistakes Governments Make and How to Avoid Them
    February 4, 2020
  • Budget 2019: A Disturbing Trend and Vision for Guyana’s Future
    May 9, 2019
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