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Reply to "Kazakh model for oil monies would be recipe for mischief -Tarron Khemraj"

@Django posted:

July 26 ,2021

Source


Khemraj cited a Stabroek News report where both President Irfaan Ali and Vice President Bharrat Jagdeo said they do not like the present NRF Act and favoured the model now in use in the Central Asian, former Soviet Republic of Kazakhstan. Jagdeo, he noted, went on to say that it would “be unconscionable to have children in the present day unable to attend school while the country saves for the future”.

Khemraj noted that the Kazakh model allows for greater discretion in drawing down monies for the national budget.

“The discretion is completely within the remit of a powerful President and Prime Minister, and not the technocrats employed to manage the Kazakh fund. On the other hand, the model used by Norway is more rule-based. The rule essentially draws from a theoretical model that was published in 1957 and authored by the celebrated economist, Milton Friedman”, Khemraj said.

And to think the average PPP supporter like de gutter Pandit supports shit like dis. Ratman gon tell dem...."bais, ah we gon invess in de yutes. Abie gon tek aile money and bill school. Yuh kno how abie people smaaaat".

The Indo KKK brigade led by Pandit cheer loudly amid mighty screams of "progress, progress". Likka flowing.

Then the announcement by Ratman: "bais...Moti and Doti gon bill de school". Neva mind dat Moti and Doti Ltd never even build a dolly house in their lives. And that's how the teefing will be conducted.

Rinse repeat. And all the while, the DUMB PPP supporters keep cheering these miscreants on.

FM
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