Introduction
Regular readers would recall that I used national budget 2023 to portray Guyana’s macro-economic and micro-economic foundations as satisfying the standard definitional prerequisites for a nation designated to be a Petrostate.
Introduction
Today’s column concludes the discussion on the fourth and final modeled driver and its metrics, which I believe undergirds any serious appraisal of the viability or affordability of a Guyana Universal Basic Income, UBI, mechanism, the Buxton Proposal.
Introduction
This week’s column addresses the fourth and final driver along with its modeled metrics; namely, operational cost of oil production share ratios in Guyana.
Introduction
Today’s column considers the third modeled driver and metrics related to the affordability of the Buxton Proposal; Government Take or the average effective tax rate, AETR, yielded by the Production Sharing Agreement (PSA) regime governing Guyana’s oil exploration, development and production.
Introduction
Last week’s column concluded my consideration of the first of four modelled drivers [that is, Guyana’s oil and gas resources and reserves] and their related metrics, as displayed in the analytical framework I am using here [see January 28, 2023 column.]
Introduction
Today’s column interrogates, rather summarily, the key crude oil metrics linked to Guyana, which within the space of four years, has been already hailed as the Americas’ fastest rising Petrostate.
Introduction
Today’s column continues my description of the nitty-gritty features or the key nuts and bolts of the universal basic income [UBI] mechanism, the Buxton Proposal, which I have long advocated for Guyana as the most effective means of eradicating its persistent poverty.
Introduction
In today’s column I treat with 1] the operationalizing, scheduling and execution of the Buxton Proposal and 2] start my coverage of the Whys and Wherefores of cash transfers.
Introduction, proximate origin
Some bizarre motives have been attributed to me for naming the suggested UBI mechanism for eradicating persistent poverty in Guyana the Buxton Proposal.
Introduction
Today’s column engages the IMF’s recent publication on Universal Basic Income, UBI schemes as a direct complement to last week’s, which engaged the World Bank study on the same topic.
Introduction
Today’s column engages the fifth of the six listed social protection mechanisms [state employment] that are widely utilized to address persistent poverty in emerging oil-rich economies.