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Guyana Budget & Policy Institute
Guyana Budget & Policy Institute
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Budget Center in the News

Pre-production Oil Revenue Borrowing is Misguided and a Poor Economic Prescription

GBPI in the NewsBy Dhanraj SinghNovember 6, 2018

Mr. Lowe’s recommendation that Guyana should go the route of pre-production oil revenue borrowing is misguided and a poor economic prescription. Resource-based borrowing should not be confused with pre-production oil revenue borrowing for they are fundamental differences between the two – that main difference being timing. Borrowing on pre-production oil revenue ignores the multiple risks facing the realization of such revenues. While preliminary results show that Guyana may realize the commercial production of oil in the future, these signals should not be taken as foregone conclusions.

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Independent Think Tank Emerges to Analyze Guyana Budget and Policy Issues

GBPI in the News, Releases & Other Media InfoBy Dhanraj SinghSeptember 18, 2017

A new think tank has emerged that analyzes and dissects budget and public policy issues in Guyana. The Guyana Budget & Policy Institute (GBPI) aims to bring attention to a range of issues that affect the quality of life of residents, economic growth, health, education, job creation, and income through the lens of the national budget and policies.

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RELATED ARTICLES
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    May 9, 2019
  • No-Confidence Motion Carried. Lawmakers on Both Sides Should Respect the Process and Look to Guyana’s Future.
    December 27, 2018
  • Pre-production Oil Revenue Borrowing is Misguided and a Poor Economic Prescription
    November 6, 2018
  • Audit Reports can Boost Accountability and Efficiency if the Government Takes Them Seriously
    November 2, 2018
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Smiley face The Guyana Budget & Policy Institute is a non-partisan and non-profit organization that promotes evidence-based and commonsense budget, tax and economic policies for building a strong and vibrant economy that provides opportunities for all Guyanese.
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    • VISION
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