The debt mountain has expanded

Dear Editor,

When President Granger came into office, he came in on a wave that had the support of the most important constituent in any economy (the youths) and he squandered that goodwill with a geriatric collection of public policies that today have rendered him an incompetent pageant President. In 2015, the economy was set to enjoy an upswing in human productivity with fresh ideas from the youths to help diversify the economy into value-added products in industries where we are good at producing.  Yet Team Granger single-handedly contributed to the active destruction of the six main pillars of the economy – the so-called six sisters.

But what was worse was that private sector investment did not pick up, resulting in the Minister of Finance doing an even worse thing by trying to pump up public spending to artificially prop up the economy in a sort of crowding-out strategy.  This has done even more damage to the economy.  The end result is more taxation and more debt on the taxpayers’ shoulders, compliments of Mr Granger.  The debt mountain expanded by some $30 billion in the last 30 months, and is set to expand by a further $20 billion in the 12 months of 2018.  That is clearly not a good sign and threatens any economic recovery before 2020. Now economic growth is forecast for Guyana in 2018 at 3.8 per cent, up from the 2.9 per cent projected for 2017, but one cannot believe in these numbers because none of them are real.  You want fake news, this is fake news. Guyana will not know what its 2017 growth rate will be until after January 2018, and certainly, that adjustment in the numbers, especially in relation to production in the sugar belt will affect the 2018 numbers.

Yours faithfully,

Sase Singh


Privatization of sugar estates is the only feasible option

Dear Editor, A tragedy is unfolding in Guyana. The government has suddenly and dramatically begun the closure of GuySuCo, the largest single employer in Guyana outside of the public service.

News story that overseas nominee for Chancellor post identified is deeply troubling

Dear Editor, I write in relation to a story in yesterday’s edition of the Kaieteur News captioned ‘Overseas-based nominee for Chancellor post identified’.

It is a duty to ask tough questions of Exxon not a ‘cuss-out

Dear Editor, Minister of Foreign Affairs Carl Greenidge’s recent defence of ExxonMobil is one of the most cringeworthy statements that could be issued by a foreign minister representing a country that had one of the most formidable reputations in standing up with dignity to the big powers and multinationals.

The government should do the morally right thing by acknowledging its mistake

Dear Editor, I refer to yesterday’s article in the Stabroek News under the caption ‘Greenidge says he advised  against disclosing the bonus’ and wish to comment as follows: At the time when Mr Christopher Ram alleged that the government received a signing bonus of US$20 million from ExxonMobil, there was no indication of the purpose for which the money was paid.

Men’s lack of control over women’s sexuality is reversing the power structure in the society

Dear Editor, Whether one is male or female is not only a biological fact, it assigns one to membership of one of two social groups, known as ‘gender’.

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