Reply to "Govt’s economic philosophy debilitating – Jagdeo"

BasemanSenior Member

Django posted:
Baseman posted:
Django posted:
Baseman posted:
Djandeo, you cannot look at debt in absolute terms. Look at debt service @ % of GDP!
The debt that were written off were non-performing! And this does not include Libyan and other debts!
Debt servicing is good at the moment. Download a copy of the latest IMF Report.
So what’s your point?
You will get the facts about Guyana.

The facts are in 1992 external debt was 700% GDP with servicing @ 96% of revenues. In 2018 it stands at 33% GDP and 8% service ratio.

Now, you know the PNC did not pay down any debts since 2015!

The PPP exercised responsible fiscal stewardship of the nation’s finances!

12/17/199:23 AM

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