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Guyana Budget & Policy Institute
Guyana Budget & Policy Institute
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Work, Income & Poverty

Our country is diverse, blessed with an abundance of natural resources, strategically located, and full of untapped potentials. Yet, far too many hard working Guyanese live in poverty, cannot afford to send their children to school or invest in their future, have low-paying jobs, and are less hopeful about ever escaping the vicious cycle of poverty. Through our analyses of employment, incomes, and overall economic security, the Budget and Policy Institute seeks to highlight policies or a lack thereof that may be contributing to such poor outcomes and potential policy approaches for helping low- and middle-income Guyanese to succeed.

FEATURED RESOURCES

Oil and Gas: Common Mistakes Governments Make and How to Avoid Them

Featured Resources, Policy Report, Tax, Work, Income & PovertyBy Dhanraj SinghFebruary 4, 2020

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.

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Budget 2019: A Disturbing Trend and Vision for Guyana’s Future

Budget, Featured Resources, Policy Report, Tax, Work, Income & PovertyBy StaffMay 9, 2019

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.

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

Blog, Featured Resources, Work, Income & PovertyBy 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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Government Should Fund an Earned Income Tax Credit Program: A Better Option Than Cash Transfers

Blog, Budget, Featured Resources, Tax, Work, Income & PovertyBy 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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RELATED ARTICLES
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  • 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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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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  •  
  • ABOUT
    • VISION
    • OUR WORK
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  • POLICY ISSUES
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