Ram and McRae 2024 budget review
This document is posted with permission from Ram & McRae. The opinions in this document do no necessarily reflect the views of OGGN.
Fiscal policy
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Natural Resource Fund faces institutional, Capacity, investment and accounting challenges.
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 117 – December 22, 2023 Introduction The International Monetary Fund and the Inter-American Bank have both expressed concerns about the structure and operations of the Natural Resource Fund, one of the PPP/C’s flagship projects directly associated with the oil and gas economy. This…
Saving extra oil income now will not be inflationary
By Stabroek News July 17, 2022 Dear Editor, In a recent article it was reported that Vice President Jagdeo stated, among other things, that a larger share of its oil revenues sooner, would not benefit the country. In fact, if it comes in, he said, “…we can’t spend it all… (positing that) …it comes inflationary.” Certainly,…
Regardless of the number of wells explored Guyana’s profit share remains tied to 14.5%
By Stabroek News July 5, 2022 Dear Editor, I refer to a letter published in the July 3, 2022 Sunday Stabroek, captioned, ‘Depending on the amount of wells explored Guyana’s 14.5% take will increase at some point in the future’, and I would like to make a few observations. First, the writer states that, ’… Guyana’s…