No ma­jor de­vel­op­ments since coali­tion took of­fice

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Gov­ern­ment

con­tin­ues to bun­gle its pri­or­i­ties, ac­cord­ing to Op­po­si­tion Leader, Dr Bhar­rat Jagdeo, who charged that while is­sues of jobs, the econ­omy and the wel­fare of Guyanese peo­ple need to be ad­dressed, yet an­other Com­mis­sion of In­quiry (CoI) has been es­tab­lished. Pres­i­dent David Granger has or­dered a Com­mis­sion of In­quiry into the al­leged plot to as­sas­si­nate him. Jagdeo con­tends that Granger’s move speaks to the level of con­fi­dence he has in the se­cu­rity ser­vices.

Ac­cord­ing to him, the Pres­i­dent has much to an­swer for, but noted that Granger has only meet with the full lo­cal me­dia corps once since tak­ing of­fice, more than two years ago.

No­tably, last year, Granger stated that, “Our big prior- ity is to stim­u­late the econ­omy, in­crease rev­enue col­lec­tion, re­duce leak­ages through tax eva­sion, non-com­pli­ance with the law.”

One year later, while in­creased taxes have re­sulted in in­creased rev­enues, the stim­u­la­tion of the lo­cal econ­omy has not been seen, with no ma­jor job cre­ation ini­tia­tives and no ma­jor in­vest­ments since Granger’s gov­ern­ment took of­fice.

Mean­while, Jagdeo, dur­ing the 2015 Bud­get de­bates un­der­scored the fact that an in­crease in pri­vate in­vest­ment, pri­vate con­sump­tion, gov­ern­ment spend­ing and net exports equals im­proved Gross Do­mes­tic Prod­uct (GDP).

Gross Do­mes­tic Prod­uct (GDP) growth in 2014 was 4.8 per cent, fol­lowed by a dis­mal re­port of a 0.7 per cent growth in GDP as at June 2015, which is lower than the 3.2 in June 2014. By the end of 2015, GDP had dropped from 2014 lev­els. It was a dis­mal three per cent.

As at 2014, Guyana had seen at least eight years, from 2006, of con­sec­u­tive eco­nomic growth.

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