Coalition administration has lied to Guyanese

first_imgDear Editor,Economic policies establish the framework upon which governments intend to address a country’s growth and development prospects. They get into office on these, and they also get booted for noncompliance or failure to realize commitments. One of the things about which few, if any of us, can disagree on is that we have been lied to by the coalition administration on the campaign trail going into the 2015 elections.Nowhere on their campaign trail did they ever mention that they would be returning to Burnham’s policies and ideas on development. They have also made a complete u-turn on their commitment to addressing unemployment.Growth in private sector loans, an indicator of economic activity, plunged from an average of G$17.4 billion in the two and a half years prior to June 2015, to an average of G$7.6 billion for the two and a half years of the coalition’s administration, ended December 2015.The first major concern is Government’s willy-nilly attitude to destroying our nation’s wealth by running up its overdraft facilities with the Bank of Guyana. At the rate the economy is going, there is little if any likelihood of this money ever being recovered by 2020.Secondly, increases in deficit financing by governments typically give rise to increased economic activity, which is usually underpinned by increased private sector borrowing. This is not happening.Finally, based on current trends, it seems reasonable to assume the coalition administration will continue its ill-informed policy of abusing its overdraft facilities with the Bank of Guyana.The last thing Guyanese seriously expect is that the G$30 billion the administration is investing in GuySuCo will return the company to global competitiveness and profitability. It would be irresponsible of me or anyone to say that our economy has crashed, or is crashing; but the figures just presented, which were extracted from the banking system statistics published by the Bank of Guyana, suggest exactly this.It seems pretty clear the administration’s fiscal programme is not generating growth; and worse, is destroying our nation’s financial resources. The coalition administration is tying our feet and asking us to run.Yours faithfully,Craig Sylvesterlast_img read more


first_imgThe site of the illegal dump at Doneyloop.Donegal County Council has carried out a clean-up of an illegal dumping site at Fearn Hill, Donnyloop.It follows an article on Donegal Daily earlier this week.The illegal site is cleaned up by Donegal County Council this morning.Residents of the area had contacted us to complain of the illegal dumping. This morning staff of Donegal County Council carried out a clean up of this site.The contents included paper, plastic, cardboard, metal, broken furniture and some food remnants.Donegal County Council have said said these contents will be rigorously checked for any evidence that may identify the person or persons responsible for this illegal activity.This area will be closely monitored over the coming months for any further activity. A spokesman for the council said “We would like to thank Donegal Daily and the community for their support in tackling this illegal activity. Every effort will be made to identify those responsible and they will be pursued for disposing of waste in this way.“We would like to remind members of the public that littering or disposing of waste in this way is illegal and you could face prosecution. We would also like to encourage the public to report any illegal dumping activity by contacting us at 074 91 53900 or by using the ‘Report It’ facility on the homepage of our website”The site is left spotless after it is cleaned up by the council.COUNCIL CLEANS UP ILLEGAL DONEYLOOP DUMP AFTER DONEGAL DAILY ARTICLE was last modified: March 13th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:clean-upDonegal County CouncilDonegal Dailydumpillegallast_img read more

Jurgen Klopp Expects No Easy Ride in UEFA Champions League Defence

first_imgJurgen Klopp thinks Liverpool face a daunting task in their bid to retain the Champions League title this season given the “crazy” depth of quality in the competition.Klopp has led Liverpool to back-to-back Champions League finals but is adamant that their impressive recent track record does not make them the title favourites. “I will have no problem with it (reaching the final) if it happens again, but at this moment I am not too sure it will,” the German coach told British media.”We have the same chance like everyone else, but that is all, and I don’t see us, the English teams, dominating. I really think a lot of teams have a good chance.”Liverpool are among the top seeds in Pot One along with Chelsea, Barcelona, Manchester City, Juventus, Bayern Munich, Paris St Germain and Zenit St Petersburg for the Champions League group stage draw, which takes place later on Thursday.The quality of teams in the second pot – which includes Real Madrid, Atletico Madrid, Borussia Dortmund – have convinced Klopp there is no need to change the format of the competition when the current cycle ends in 2024.”I don’t think there was ever a stronger Pot Two. It is just crazy,” the German added. “They should all be in Pot One, but there is not enough space there.”I don’t think there was ever a stronger Pot Three. If people really think about this kind of Super League, then you don’t need it. That’s it. Then Pot Four you can get RB Leipzig – wow!”Klopp expects Liverpool to face stiff competition from a number of heavyweights as they bid for a seventh European crown.While Juventus, Barcelona, PSG and Dortmund looked to fine-tune their squads in the transfer market, Real Madrid and Bayern have recruited heavily.”Look at the squad Borussia Dortmund has and tell me we are stronger than them. That is incredible,” Klopp added.”There are a lot of quality teams: Juventus will be there, PSG will be there. Real Madrid? Do you think they gave up already? Bayern Munich now finally brought in (Ivan) Perisic and (Philippe) Coutinho which is a big boost.” Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. barcelonabayern munichborussia dortmundchampions league First Published: August 29, 2019, 4:27 PM ISTlast_img read more