… Ramjattan says Budget 2022 destroying non-oil sectors
… Warns against creeping return of corruption
Khemraj Ramjattan
By Gary Eleazar – Kaieteur News – February 2, 2022
Budget 2022 is reflective of a country that is already heading down the path of the resource curse or the Dutch Disease, as is evidenced by the figures presented, confirming a heavy reliance on oil funds while at the same time the non-oil economy shrinks.
This was the conclusion of Alliance for Change (AFC) Leader, Khemraj Ramjattan, yesterday, as he made his contribution to the Budget Debates.
Ramjattan – a veteran parliamentarian—in a more toned down presentation, sought to caution against the destruction of Guyana’s non-oil economy since the hydrocarbons being discovered are a finite resource that would be exhausted in a matter of decades. . Continue reading
