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The Buxton Proposal: Cash Transfers to Households

Guyana Petroleum Road Map Part 2, Guidepost…

Introduction

 

At the start of 2019, I had set about the long task of portraying for this series of columns the systematic delineation of a strategic road map for both the “getting and spending” of Guyana’s expected Government Take, arising from its fast-emerging oil and gas sector. The “getting” of its petroleum revenues has centred on six principal guideposts or indicators. These are: the fiscal rules of the Production Sharing Agreement (PSA); oil and gas discoveries; existential threats that could strand Guyana’s petroleum assets; the capabilities of the oil blocks’ Contractors; crude oil and gas prices; and the profitability of the enterprises involved in the sector.

By parity of reasoning, the “spending” of Guyana’s oil and gas revenues are revealed in five indicators or guideposts. These are: the overall size of the Government Take ratio or percentage; the Government of Guyana (GoG) declared spending priorities for its oil and gas revenues; the macroeconomic challenges that are likely to accompany Government’s “windfall earnings/ profits”; downstream value-added spending; and two specific proposals of mine. These latter proposals of mine are: 1) sustained strategic investment in Guyana’s renewable energy resources; and 2) cash transfers to Guyanese households — now widely recognised as my Buxton Proposal.

 

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Aaahhh, shaddap!  ayuh hungra-belly see lil money and done want freeness!

The money is needed for;

- Infrastructure

- Power

- Economy

- Education

- Healthcare

- Savings

Mi tell yuh!  Coolie and Blackman nah deh dung heh!!

That is nothing new, the Saudis give their born citizens monetary welfare, but if they marry outside it's cut off.

 Look, for the less fortunate that could not go overseas I agree to give them a small hand out, people like the x-sugar workers. because that will have less for the politicians to thief. Bribery and corruption is in Guyanese DNA, they all make promises but seldom deliver.

 Putting more money into the people hands, they will spend more and businesses will grow. The economy will gain.

kp posted:

That is nothing new, the Saudis give their born citizens monetary welfare, but if they marry outside it's cut off.

 Look, for the less fortunate that could not go overseas I agree to give them a small hand out, people like the x-sugar workers. because that will have less for the politicians to thief. Bribery and corruption is in Guyanese DNA, they all make promises but seldom deliver.

 Putting more money into the people hands, they will spend more and businesses will grow. The economy will gain.

And that’s why Saudi produces more terrorist than anyone else and why they import most technical labor!

I agree with a social safety net!

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