Productive sectors on the decline in Guyana – Economist
Today marks two years since the A Partnership for National Unit and Alliance for Change (APNU+AFC) Coalition assumed office and economist, Rayman Gaskin has noted that all sectors are declining at a rapid rate.
He told Guyana Daily News that this trend will continue unless the strategic plan is followed and a plan is implemented to have growth in the various sectors.
“Government has not been able to determine a sensible balance between expenditure and taxes and the effects it will have on the economy on getting it wrong. The policy of taxing the people to manage the economy becomes a problem to the post oil 2020,” the economist sad.
He further noted, “Growth is one of the key factors in managing the economy, Guyana’s economy is on the decline since there is no growth and consequently without that the country will fall into a state of depression since long term growth has ceased.”
The opposition People’s Progressive Party (PPP) continues to lament the sloth in the economy and has accused the David Granger administration of massive corruption.
Opposition Leader and former President Bharrat Jagdeo had said, “The first thing they promised were jobs but has failed to secure investments that create jobs, he should give himself a failing grade for that because it was his party that said there was a long line of investors waiting to invest in Guyana should the APNU government get into power.”