August 3, 2024

Did Ashni Singh do everything possible to accommodate for a budget shortfall before asking the Guyanese people for more money?

News EditorAugust 3, 2024August 7, 202403 mins

Reference is made to news reports that the Government of Guyana is seeking Parliament’s approval for over US$192 million (40 billion GYD) in supplementary funds to shore up needed expenditure up to the end of 2024. Earlier this year, Senior Minister in the Office of the President with Responsibility for Finance and the Public Service,…

Without ring-fencing, improved monitoring, and timely auditing; the Profit Squeeze will continue until the oil is exhausted

News EditorAugust 3, 2024August 7, 202408 mins

In a recent presentation by Mr. Glenn Lall, he asked the following question: What is the average cost of a barrel of oil? In reply, I will present some information on the cost of a barrel of oil, based on the combined 2023 Financial Statements of the consortium: EMGL, Hess and CNOOC. Additionally, a comparison…

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Did Ashni Singh do everything possible to accommodate for a budget shortfall before asking the Guyanese people for more money?

Without ring-fencing, improved monitoring, and timely auditing; the Profit Squeeze will continue until the oil is exhausted