A natural resource windfall is an opportunity to transform a poor economy. Unfortunately, it is also an opportunity for plunder. The struggle between these options is existential: for example, the same resource discovery, diamonds, propelled Botswana from poverty to affluence, and convulsed Sierra Leone into violence and destitution. In that struggle, the best defence is a critical mass of citizens who understand the issues. But that critical mass has to be built: the siren call of plunder has often been powerfully seductive, and some of the choices that turn out to be key are not obvious. This guide is a timely and well-crafted step in building that citizen understanding. Opinion-leaders in Guyana, both in politics and the media, now have a responsibility to give it the attention it warrants.
The Government’s budget for 2019 continues a disturbing trend and vision for Guyana’s future. Despite promising “a good life” for Guyanese, the budget continues to shape a future in which the government is not accountable to taxpayers, where corruption and political nepotism are entrenched, and future oil revenues benefit only the governing political class. More troubling is that taxpayers’ money is used to pay for the government’s priorities at the expense of their own livelihood and success. Fortunately, there are common sense policies that can make the economy work for everyone and put it on a sustainable path.
No-Confidence Motion Carried. Lawmakers on Both Sides Should Respect the Process and Look to Guyana’s Future.
The recent tabling and success of a motion of no-confidence against the government took everyone by surprise. However, the underlying factors that led to the no-confidence motion are hardly surprising. Poor economic and budget policies have hurt families across the country and slowed the economy. For politicians on both sides, this should be a moment for pause and reflection. A moment for politicians to rethink their purpose, policies, and plans for a better Guyana and take them to the electorate.
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.
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.
Reduced Health Funding in Guyana Since 2011 Resulted in Higher Infant and Child Deaths and Worsened Adult Health Outcomes
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.
Suicide is a Society-Wide Problem That Needs a Society-Wide Solution: Social Organizations Can Do More
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.
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.
Over the last five years, taxpayers funded more than $1.1 trillion in government spending, each year pumping more money into the government coffers than the previous year. Despite this, taxpayers received less and less in return. The government was simply unable to use taxpayers’ money to improve the economy and create opportunities for families and businesses to succeed. Moreover, its budget and policies undermined growth and began to reverse decades of positive economic momentum and social and economic progress. Government officials must start making better investment decisions to ensure taxpayers get a good return for their hard-earned dollars.
Deaths By Suicide Remain a Major Public Health Issue in Guyana – Lawmakers Can Do More to End This Tragedy and Save Lives
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.