Tag Archives: oil and gas revenues

The opposition People’s Progressive Party (PPP) on Thursday virtually endorsed the Working People’s Alliance’s (WPA) proposal of direct cash transfer of some projected oil revenues, but preferring to target the poor and needy instead of all just over 200,000 households across Guyana. “In fact, in our manifesto, we are going to be talking about conditional transfers, targeted transfers to vulnerable ...

Foreign Affairs Minister, Karen Cummings has said the Guyana government has been actively considering the Working People’s Alliance’s (WPA) proposal of direct cash transfers of some oil revenues to Guyana’s households. “I would say it’s in progress. We are still continuing how we are going to actually do this cash transfer so I don’t want to give myself liberty right ...

Working People’s Alliance co-leader, Economics Professor, Clive Thomas has labelled as “ignars” those in government who have rebuffed his proposed transfer of 10 percent after-tax oil revenues to households. Professor Thomas has proposed that by 2025 when Guyana’s oil production soars to about 1 million to 2.5 million barrels per day, each household should get US$5,000 every year. Guyana has ...