Reply to "US$49B oil windfall will reshape Guyana’s development trajectory – IDB report"

Ramakant-PSenior Member

@Totaram posted:
According to the article, the Guyana government will receive $US49B from oil by the year 2054. On average therefore revenue from oil will be about $US1.4B per year for the next 34 years. This is better than nothing but is it really a massive windfall?

They don't need more than that. The budget only costs US$1.65 billion. The rest will be obtained through the Revenue Department.

You could be right.

10/11/2010:36 AM

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