Public sector: Too big to succeed!
The noise that surrounds the presentation and debates of annual national budgets in Guyana for decades now is legendary. In recognition of this situation I recommended in last Sunday’s column that readers should begin their detailed examination of the budget by seeking to portray what it indicates for the economic outlook and macroeconomic stability over the medium term, particularly, at this political-constitutional conjuncture in Guyana. In this regard I presented a table with key macroeconomic indicators for Guyana over the period 2007-11, with official projections to 2015. I urge readers, if they have not done so already, to keep this table at hand as I proceed with the analysis of this year’s national budget.