Bouterse: Surinamese earning US$ 1,000 more

(de Ware Tijd) PARAMARIBO – A Gross Domestic Product (GDP) estimated at US$ 4.6 billion for this year means Suriname’s per capita income will be US$ 9,200, or SRD 27,500. This is 1,000 dollars more than the current figure President Bouterse presented in his annual address to Parliament.

The National Planning Office has calculated a GDP of SRD 15 billion given the growth prospects of Suriname’s economy. Central Bank figures show that due to windfalls caused by the favorable prices for gold and oil, Suriname’s trade balance will show a surplus of around US$ 429 million by the end of this year. “This means Suriname has exported US$ 429 million more than it has imported,” Bouterse explained. The President was visibly pleased with the positive growth figures and the economic prospects for Suriname that have been forecast in recent months by international organizations and institutions. “Suriname is expected to show a constant growth of 4.5% in the coming years,” the President said.

The end of Dutch development aid has turned out not to be a loss, as the government has managed to cover its operational costs with its current revenues. In late June, the total national debt amounted to 27.5% of GDP and foreign currency reserves have grown to US$ 950 million. “And then there’s a country that wants to give us 8 million Euros,” Bouterse joked, a reference to the remaining Dutch development aid that was frozen after his Cabinet took office.

 

 

Comments  

Top CAPE performers as released by the Ministry of Education

Several candidates recorded outstanding performances at this year’s Caribbean Advanced Proficiency Examination (CAPE).

Embankment road for improvement between Liliendaal, Cummings Lodge

 Geometric improvements will be carried out on the East Coast Railway Embankment Road come September for smoother traffic flow.

GRA seizes over 10,000 lbs smuggled chicken

Swift action by the Law Enforcement and Investigation Division (LEID) of the Guyana Revenue Authority (GRA) aided in the removal of a large quantity of seized foreign chicken from two separate cold storage facilities in the Berbice area after it was discovered that the commodities were unlawfully being disposed of, the GRA said today.

Muslim divorce law “unconstitutional”, rules India’s top court

Farha Faiz, a lawyer, speaks with the media after a verdict for the controversial Muslim quick divorce law outside the Supreme Court in New Delhi, India August 22, 2017.  

Patriots clinch playoff place

Defeat Tallawahs by 37 runs Chris Gayle, playing in his 50th CPL match, produced his 63rd T20 fifty as St Kitts & Nevis Patriots cruised past Jamaica Tallawahs by 37 runs to guarantee a place in the playoffs for the first time in their three-year history.

Your browser is out-of-date!

Update your browser to view this website correctly.

We built stabroeknews.com using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now

×