Goolsarran scolds Govt over denial of sinking economy

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Former Member

Goolsarran scolds Govt over denial of sinking economy

July 7, 2016 9:26 am Category: Business A+ /A-

– plugs need for Economics Ministry over Social Cohesion, Business

Former Auditor General Anand Goolsarran has scolded the 13-month-old A Partnership for National Unity/Alliance For Change (APNU/AFC) Government for its denial of the current ailing state of the country’s economy.

Goolsarran said that three per cent growth in Gross Domestic Product (GDP) did not mean that all was well with the economy.

“The Government is in denial that the economy is slowing down, but it is evident,” he stated.

Anand Goolsarran

Goolsarran indicated that 40 per cent of the youths was unemployed, there was evidence of under-employment, businesses were struggling and there was also the existence of parallel economies.

Finance Minister Winston Jordan had affirmed, however, that the economy was in good shape by presenting statistics and explanations in support of the Government’s defence. He had cited the commendation of the International Monetary Fund (IMF) on Guyana’s economic growth, which is projected to be four per cent this year.

Jordan also contended that the IMF report should not be doubted or challenged, since it was already established that the body was neutral. “IMF economists would visit a country and scrutinise its economic and financial developments before discussing policies within the two areas with the Government and the Central Bank officials,” he noted.

He also stated that the Government was not idle in delivering since its coming into office and presently was engaging the attention of the Inter-American Development Bank (IDB) and the Caribbean Development Bank (CDB) to acquire loans for the 2016-2017 period, particularly in the areas of agricultural diversification, infrastructural development and commerce.

Ministry of Economics

The former Auditor General said the answer to the country’s economic woes could be found, but a number of things must be done, chief among them the establishment of a ministry of economic development and planning.

According to an article in today’s Guyana Times, Goolsarran – who is a transparency advocate, said economic planning was a prerequisite for any country’s development and given Guyana’s economic status, it made sense for the country to have a ministry of economics.

“I don’t see the need for a Ministry of Social Cohesion, or why we should have separated Ministries for Business and Tourism. The question is why a Ministry of Economics was left out by this new Cabinet?” he asked.

Although, he was aware that the Finance Ministry had some responsibility for economics, Goolsarran stated that the Finance Minister portfolio was already weighty and the country’s economics would require more attention.

Economic plan

The former Auditor General emphasised the need for an economic plan to take the country forward.

“Guyana urgently needs an economic plan especially in our current economic situation,” Goolsarran remarked.

He noted that this could be achieved with an economic planning entity such as the ministry of economics, providing that the body was separate and distinct.

Opposition Leader Bharrat Jagdeo had called on the Government to produce an economic plan, while lambasting it for not having any plans to develop the economy.

Jagdeo, reflecting on the coalition Government’s first anniversary back in May, had said that after one year of the APNU/AFC in office, Guyanese were worse off.

He had stated that he noticed a “lack of direction” from the Government, arguing that the economy was “fixable”, but the Government had no vision about where it was heading.

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Former Member

“I don’t see the need for a Ministry of Social Cohesion, or why we should have separated Ministries for Business and Tourism. The question is why a Ministry of Economics was left out by this new Cabinet?” he asked.

Looks like Amna Ally is a free loader. No wonder she looks plumpy..free food.

7/7/162:32 PM

Former Member

asj posted:
Goolsarran scolds Govt over denial of sinking economy
July 7, 2016 9:26 am Category: Business A+ /A-
– plugs need for Economics Ministry over Social Cohesion, Business
Goolsarran indicated that 40 per cent of the youths was unemployed, there was evidence of under-employment, businesses were struggling and there was also the existence of parallel economies.
.

I can only wonder why Rip Van Winkle only just discovered this problem. In fact the decline was evident before May 2015 with declining gold prices and cut throat competition from Chinese retailers who undercut locally owned businesses.

When people said that youth unemployment was 40% the PPP yawned. Is it that they can no longer scream "ahbe pan tap" and so suddenly this issue is of concern?

7/7/164:01 PM

Billy Ram BalgobinBilly

skeldon_man posted:
“I don’t see the need for a Ministry of Social Cohesion, or why we should have separated Ministries for Business and Tourism. The question is why a Ministry of Economics was left out by this new Cabinet?” he asked.

Looks like Amna Ally is a free loader. No wonder she looks plumpy..free food.

That woman is a disgusting Sow. Nobody likes her even among the rank and file of the PNC.

7/7/164:16 PM

Former Member

Billy Ram Balgobin posted:

That woman is a disgusting Sow. Nobody likes her even among the rank and file of the PNC.

She is an elderly woman. Discuss Priya, who is just as plump, but considerably younger.

7/7/165:12 PM

NehruBig Mouth Member

When you give GAFDAHAS to run a Country you must expect DISASTERS!!!!!!!!!!!!!!!

7/7/165:29 PM

Former Member

Nehru posted:

When you give GAFDAHAS to run a Country you must expect DISASTERS!!!!!!!!!!!!!!!

Make haste the ship is sinking faster than a majority of people including the negro supporters of apnu thought it would.Take all your money and sell your properties and run because the country will soon be renamed Haiti no 2.Indian, portuguese and Chinese you better heed the warning signs,all the government money was spent by the bufianda on the negro Mashramani/Independence celebrations-was big sport for the negroes-mauby and cake.All they could spend on.

The sad part is that negroes dont care as long the negroes are in power,he doesnt care if he has to eat mud only once a day he will vote for the negro party.And the negroes at the top of the government are kicking them down the ladder and the poor negro doesny mind at all.

The negroes are quick to call everyone a racist but he doesnt see himself.Even if he has to suffer untill Noah build another ark he doent mind as long as the oppressor is another negro as we see in Guyana and Trinidad,They are the one who are suffering the most under the Negro government of granger ,they are the ones who have to skip a meal every other day,they are the ones who lived on the old age pension yet they shut their mouths.Racists at heart.

Let them suffer more while the leaders enjoy a good cigar and whiskey and they enjoy the stale mauby,perhaps one day they will see who the real oppressors are .Perhaps slavery has damaged their brain.

7/7/167:30 PM

cainTired old hippie

skeldon_man posted:
“I don’t see the need for a Ministry of Social Cohesion, or why we should have separated Ministries for Business and Tourism. The question is why a Ministry of Economics was left out by this new Cabinet?” he asked.

Looks like Amna Ally is a free loader. No wonder she looks plumpy..free food.

She probably eatin same place as Pleasantly Plum Priya eh?

7/7/1610:04 PM

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