Guyana’s public indebtedness since 2006

Part 2  

Introduction

This week I continue the discussion of the burden of Guyana’s public indebtedness since the official introduction of its rebased 2006 price series GDP estimates. Last week’s column provided a brief glimpse of what I have labelled ‘the worst of times.’ That is, the period when the country’s 1) public debt-to-GDP ratio had risen to above 600 per cent; 2) its macroeconomic fundamentals virtually collapsed;