Tag Archive for 'Economics'

Mismanaging the economy

By Raffique Shah
July 05, 2015

Raffique ShahIN the pre-election polls conducted thus far, the issues that are of concern to the electorate are crime, unemployment, corruption, health care and rising prices, mostly in that order.

The state of the economy does not feature at all, although it impacts almost all these concerns.

Understandably, crime is the number one issue. Notwithstanding claims by both the Government and the police that there have been significant decreases in “serious crimes”, clearly, most people live in fear of being victims.
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Confusing ‘Dookonomics’

By Raffique Shah
August 21, 2011

Raffique ShahMinister Winston Dookeran confuses me. He insists that the Budget deficit for fiscal 2010-2011 remains at around $8 billion, as he projected last year. Yet, he admits that Government collected $2 billion in unanticipated revenue from delinquent taxpayers who responded to the tax amnesty. He also admits that oil prices have been higher than budgeted, and prices of other downstream commodities (methanol, ammonia) have been buoyant.
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