Spurs on red alert as Barca starlet Carles Alena made available for loan

first_imgEverton v Tottenham – Live stream, TV channel, kick-off time and betting odds for Premier League clash BARCELONA have reportedly put Tottenham on red alert by making midfielder Carles Alena available for loan in January.The 21-year-old is a graduate of the Catalans’ fabled La Masia youth academy, but has grown desperate for first team football.2 Tottenham could swoop for unsettled Barcelona midfielder Carles AlenaWith Alena having made just one appearance this season, on the opening day against Athletic Bilbao, Barcelona are finally willing to let their starlet go out on loan.And Mundo Deportivo claim that Spurs are very interested in securing the playmaker’s signature.The signing of Alena could help fill the void likely to be left by wantaway star Christian Eriksen.The Dane has made no secret of his desire to leave North London.And with his contract expiring at the end of the season, the 27-year-old could well be shipped off in January if Spurs can find a buyer.While Alena has hardly featured this season, he would arrive with impressive pedigree, having played 35 times for the Spanish champions by the age of 21.Real Betis are also thought to be interested in Alena, ironically to replace Tottenham-bound Giovani Lo Celso.2The Argentine international was brought in to add creativity to the Tottenham midfield.But the summer signing has been hampered by injury and is yet to start a game for Spurs.Mauricio Pochettino’s side have also been linked with a pair of new full-backs.LATEST TOTTENHAM NEWSHARRY ALL FOUR ITKane admits Spurs must win EIGHT games to rise into Champions League spotGossipALL GONE PETE TONGVertonghen wanted by host of Italian clubs as long Spurs spell nears endBELOW PARRSpurs suffer blow with Parrott to miss Prem restart after appendix operationPicturedSHIRT STORMNew Spurs 2020/21 home top leaked but angry fans slam silver design as ‘awful”STEP BY STEP’Jose fears for players’ welfare during restart as stars begin ‘pre-season’KAN’T HAVE THATVictor Osimhen keen on Spurs move but only if they sell Kane this summerYOU KAN DO ITKlinsmann quit Spurs to win trophies but says Kane’s better off stayingTURBULENT PAIRINGDrogba and Mido had mid-flight brawl after stewardess prank went wrongGossipSPURRED ONTottenham table contract offer for Bayern Munich’s teenage starlet Taylor BoothExclusivePASS THE TESTEngland’s NRL-based stars urge bosses to make room for a Test this yearSerge Aurier and Danny Rose have both struggled this season for the Lilywhites.And AS Roma Live claim that Spurs are chasing Ajax right-back Noussair Mazraoui, while A Bola report that they are chasing Benfica left-back Alex Grimaldo.Spurs travel to Everton tomorrow sat in the bottom half with just 12 points from their opening ten games.last_img read more

Heartbreak for Troy Parrott as missed penalty helps Norwich City through

first_imgTROY PARROTT endured the heartbreak of a penalty shootout as Norwich City knocked Tottenham out of the FA Cup 3-2 in a shootout.The 18-year-old had come on for Dele Alli early in the first period of extra-time after the sides had finished deadlocked at 1-1 after 90 minutes.2 Parrott was disconsolate after missingCredit: AP:Associated Press2 Krul was the hero as his two saves ensured it was Norwich who advancedCredit: AFP or licensorsSpurs had looked to be on the cusp of advancing to the quarter-finals until keeper Michel Vorm spilled a shot that was bundled in on the rebound from Josip Drmic.They had been leading since the 13th minute through Jan Vertonghen’s bullet header from a free-kick whipped in from the left hand side.Tottenham boss Jose Mourinho leapt to the defence of the young Dubliner afterwards while pointing out that his general play was what he should focus on improving.He said: “The penalty is nothing. He is a penalty taker in the under-23s, he scores every one in the unders.FOCUS ON GENERAL PLAY”He was so confident, he wanted to take one, he wanted to take the responsibility, it’s an experience in his career.”The problem is not his experience.”The problem is the 30 minutes.”Now people can see that he has to work a lot so don’t think that Parrott is the second Harry Kane because he’s just a young kid that needs to work.FORGET THE PENALTY”Let’s forget the penalty because we all miss the penalties, it was not Troy.”Mourinho has been consistent in putting this message out since taking over Mauricio Pochettino.MOST READ IN SPORTTHROUGH ITRobbie Keane reveals Claudine’s father was ’50-50′ in coronavirus battle’I ACCEPT’McGregor accepts Silva fight at UFC catchweight of 176lbs in huge super-fightTOP SELLERGavin Whelan has gone from League of Ireland to David Beckham’s InstagramPicturedA CUT ABOVEMike Tyson shows two-inch cut ‘picked up in training’ ahead of boxing returnPicturedAN EYEFULMeet Playboy model and football agent Anamaria Prodan bidding to buy her own clubI SAW ROORodallega saw Rooney ‘drinking like madman’ & Gerrard ‘on bar dancing shirtless’He has repeatedly refused to bow to public pressure to give Parrott any kind of featured role as he has said he is not ready yet.Elsewhere, there was some more heartening scenes for Irish fans as another striking starlet, Adam Idah, blasted his penalty home superbly.The 19-year-old had come off the bench in the 72nd minute as he helped his side pull off a memorable away upset.last_img read more

UEFA cancels hotel reservations at Euro venues

first_imgIn order to release dates from the calendar, UEFA has decided to suspend the international dates of national teams, for which it will request the permission of FIFA. The Euro-Cup play-offs that were due to take place at the end of the month will be canceled, as well as the friendlies in March and June. There is a favorable and majority vote of the 55 European federations to dispute the Champions League with the Final Four format and has also closed the Europa League in the same way, as this newspaper advanced. In the event that the coronavirus does not remit and the championships cannot be closed, UEFA will consider qualifications at the moment of suspension for the purposes of classification for the next edition of continental competitions. UEFA has begun to cancel in block the hotel reservations that it had in the twelve cities that host the Eurocup, among them Bilbao. It is the first unequivocal symptom that he has decided to postpone the tournament. Euro 2020 was due to start on June 12 in Rome, but will now take place in 2021. The organization chaired by Ceferin has a priority which is to conclude the current European competitions. This requires leagues across Europe to restart, but WHO cannot guarantee a specific date to stop coronavirus, which also does not have the same progress in all the territories of the continent. The deadline will be set for June 30 to finish the courselast_img read more

Williams, Bloomfield highlight All-Comers meet

first_img WINNING LEAP The best moments of the second Jamaica Athletics Administrative Association (JAAA) All-Comers meet on Saturday evening came near the end as Christania Williams and Akeem Bloomfield delighted fans inside the National Stadium with fine sprint performances. Williams, a student-athlete at the University of Technology (UTech), lowered her 100-metre personal best to 11.07 seconds. Moments earlier, Bloomfield showed good form at twice the distance. Williams, a champion high-school sprinter at Edwin Allen High, jetted away from the start and ran powerfully to reduce her best from 11.11 seconds. The only Jamaicans to go faster over 100 metres this year were Veronica Campbell-Brown and Simone Facey, with Elaine Thompson joining them with her time of 11.02 seconds at yesterday’s Rabat Diamond League meet. Campbell-Brown and Facey have run the 100m in 10.91 and 11.00 seconds, respectively, already this season, while Thompson had an earlier clocking of 11.07 and her notable wind-assisted time of 10.71 seconds at the Jamaica International Invitational. Despite his six-foot-five frame, Bloomfield – an upper sixth form student at Kingston College – looked nimble in the early steps of his 200-metre race. He feathered the accelerator near the end of an effort timed in 20.66 seconds. That was the fastest 200-metre race of the evening by 0.03, as Jevaughn Minzie, the 2015 Boys and Girls’ Championships 200m winner, held off fast-closing Briton, Delano Williams, in 20.69 seconds. Nigel Ellis, the super sprinter from St Elizabeth Technical High School, was the only Jamaican junior athlete to go quicker over 200 metres this season than Bloomfield. Ellis clocked 20.40 seconds at Western Championships and 20.51 in the semi-finals at the Boys and Girls’ Championships. Shanieka Thomas, the 2015 World Championship triple jump finalist, entertained with a winning leap of 14.16 metres. That was achieved with a run-up that showed her improved sprint speed. Other notable performances came from Marvin Williams and Samantha James. Williams, the 2013 World Youth 400-metre hurdles champion, caught fast-starting Josef Robertson in the homestretch to win his pet event in 50.14 seconds. James got the better of Simoya Campbell in the 800 metres. Campbell, the World University Games runner-up, faded after a 57.8-second opening lap and fell prey to James’ strong finish. The winning time was 2 minutes, 03.94 seconds.last_img read more

Dimitrov wins ATP Finals, targets Grand Slam next

first_imgOSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson Tams rip Eagles, force do-or-die MOST READ Kiss-and-tell matinee idol’s conquests: True stories or tall tales? LATEST STORIES Jo Koy: My brain always wants to think funny The sixth-seeded Bulgarian claimed the title at the season-ending ATP Finals on Sunday, prevailing on his fifth match point to beat David Goffin 7-5, 4-6, 6-3 in the final.“I felt I had a good mental toughness throughout the whole year,” Dimitrov said. “So when my body’s allowing me to do this kind of preparation, I feel I already have an advantage over any other player. And right now those are the moments that I rise up to.”FEATURED STORIESSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’SPORTSBack on the throneIt was not the Roger Federer-Rafael Nadal matchup many fans had hoped for, but they were left satisfied as the two 26-year-olds delivered the longest final since the tournament returned to a three-set format in 2008.Dimitrov won in 2 hours, 30 minutes, 15 seconds, adding 11 minutes to the mark set by Federer and Jo-Wilfried Tsonga in 2011. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Jake says relationship with Shaina ‘goes beyond physical attraction’ View comments It’s too early to present Duterte’s ‘legacy’ – Lacson Coco’s house rules on ‘Probinsyano’ set Steam emission over Taal’s main crater ‘steady’ for past 24 hours Grigor Dimitrov of Bulgaria lifts the trophy after beating David Goffin of Belgium in their ATP World Tour Finals singles final tennis match at the O2 Arena in London pn Sunday, November 19, 2017. (AP Photo/Tim Ireland)LONDON — Grigor Dimitrov’s talent took him to the brink of his biggest career win, but he needed more than that to get over the line.ADVERTISEMENT Margot Robbie talks about filming ‘Bombshell’s’ disturbing sexual harassment scene That was not the only record Dimitrov set. After winning all five of his matches at the O2 Arena, he became the first player to win the elite tournament on debut since 1998, when Alex Corretja of Spain triumphed in Hanover.“I was a little bit tired,” said Dimitrov, who beat Goffin for the loss of just two games when they met on Wednesday. “I had to play a few matches obviously back-to-back against solid opponents. I knew that David is going to try something new. He had to be aggressive in order so he doesn’t let me play my game.”Goffin’s adjustments paid off early as he broke Dimitrov’s first two service games either side of losing his own, before settling down to control the opener.However, Dimitrov fought his way back. He leveled in the eighth game before breaking once more in the 12th to snatch the set, despite Goffin hitting eight more winners.Dimitrov’s confidence carried into the second set, where he brought up the first break point in the sixth game, only for Goffin to produce a stunning cross-court backhand winner to save it. The momentum back with him, Goffin broke the following game for a 4-3 lead and calmly closed out the set.ADVERTISEMENT Having become the sixth player to beat Nadal and Federer at the same tournament — the latter from a set down in the semifinals — Goffin had every reason to be confident after drawing level. But he wasted four break points in the opening game and they would turn out to be his only chances in the decider.“I think after this week I’m a better player mentally,” said Goffin, who ends the season at a career-high No. 7 ranking. “I proved to myself that I can do it.”Dimitrov was more clinical, striking in the sixth game to take control of the third set. However, the Bulgarian has had problems closing matches out this season — losing three times after holding match points — and had cause for concern when Goffin saved his first three to hold from 0-40 down at 2-5.Dimitrov served his way to 40-15 but saw another chance drift away, before Goffin finally netted a backhand volley to end the match.“I was a little bit tired in the third,” Goffin said. “It’s the only game maybe I didn’t serve well. I didn’t put a lot of first serves in that game … He was really solid.”Dimitrov claimed his first Masters title in Cincinnati in August, and having risen to a career-high No. 3-ranking with victory in London, his next target is a Grand Slam.“I don’t want to get too hyped up because I’ve done well, now I’m No. 3 in the world,” Dimitrov said. “Of course, one of my main goals is to win a Grand Slam tournament. This has always been, again, a dream of mine.”        /kgaSports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. Jake says relationship with Shaina ‘goes beyond physical attraction’last_img read more

Resilient Spieth rallies, stays in contention at Masters

first_imgLights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Recto seeks to establish Taal rehab body to aid community, eruption victims And now he’s headed into the weekend feeling confident he’s got a shot at slipping on a second green jacket.“To come back from 3 over through two holes and only shoot 2 over with a limited number of (good) looks, it’s not so bad,” he said. “I’m still in this golf tournament. With the way the back nine was playing today, the wheels could have come off there. But I made some nice par saves and was able to grind out some phenomenal second-shot iron shots and good two-putt birdies.”Sports Related Videospowered by AdSparcRead Next So Spieth remained calm despite losing a two-shot lead on the first two holes. He excused it as typical “punches” from a daunting golf course in difficult conditions. He responded by making two birdies over the final six holes, helping him recover from the inauspicious start.He finished with a 2-over 74 that left him 4 under for the tournament. He trails leader Patrick Reed by five strokes heading into the third round.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crown“I’ve taken a lot of punches on this golf course, and in tournaments in general,” Spieth said. “I told (caddy) Michael (Greller), ‘Look, when this course plays tough, I’m good for a double here or some bogeys there. Let’s make these the only ones.’”Spieth began the day at 6 under. He squandered that before more than half the field teed off. Jiro Manio arrested for stabbing man in Marikina View comments Conor McGregor seeks to emerge from controversy in UFC comeback Cabuyao City rising above the ashes through volunteerism In Liverpool, Man United sees the pain and path to recoverycenter_img Toronto tops in East, but road likely goes through LeBron Spieth had a commanding lead at the turn in 2016 before stumbling on Nos. 10 and 11, both par 4s. He bogeyed both, and really unraveled at the par-3 12th.Spieth’s tee shot came up short, landed on a downslope and hopped into Rae’s Creek. He then took a drop and hit a fat wedge that also splashed. Spieth settled for a quadruple-bogey 7 and lost his lead to Danny Willett.Spieth recovered with by making two birdies over the last six holes, but it wasn’t enough. He finished second, three shots back of Willett.Compared to that, this was nothing.“I’m not going to downgrade my skill level, but I’m also not going to downgrade my ability to take punches and fight back on this course,” he said. “Good starts are really nice out here. Bad starts are tough to come back from. If I look at it one way, I mean, in 2016, I went bogey, bogey, quad and then was able to rebound from that.“So what’s the first couple holes on a Friday start mean? It doesn’t really mean much to me. It means let’s figure out what was wrong and fix it. But it’s not going to affect the outcome of this tournament off of those two holes. I’m still in a great position.”Spieth credited a par save at No. 9 with turning around his day.After his tee shot landed in a foot in the right rough, he flew the green with his second shot. He putted from the fringe to 6 feet and then drained it, flashing the kind of putter prowess that carried him (10 putts) on the back nine in the opening round Thursday.“I thought that my two-putt save on No. 9 was really, really big,” he said. “When that went in, I thought, ‘OK, forget about everything that’s happened here. Let’s try and shoot 2 under on the back nine.’ And that was the goal, and, you know, I almost did one better there.”Spieth’s 15-foot birdie putt on No. 18 burned the edge. Jordan Spieth hits from a bunker on the seventh hole during the second round at the Masters golf tournament Friday, April 6, 2018, in Augusta, Ga. (AP Photo/Charlie Riedel)AUGUSTA, Ga. — Given Jordan Spieth’s past experiences at Augusta National, there was no reason to panic.It was the front nine. It was the second round. It was nowhere near the worst he’s been through at the Masters.ADVERTISEMENT Don’t miss out on the latest news and information. LATEST STORIES Scarlett Johansson, Sterling K. Brown among SAG Awards presenters Nadine Lustre’s phone stolen in Brazil The 2015 Masters champion pushed his tee shot at the par-4 first way right. He failed to get his second shot back to the fairway and then left his third one short of the green. He missed an 11-footer for bogey.He pulled his second tee shot left and then missed a 5-footer for par.It opened the door for everyone else on the leaderboard. It also could have been a devastating start for Spieth.But he took it in stride, chatting with his caddy and talking to himself to not get overly frustrated.The rough start probably should have been expected given what Spieth endured at Augusta National just two years ago.ADVERTISEMENT MOST READlast_img read more

Literacy Clinic to go countrywide – Education officer

first_imgEducation Month 2016Even as the three-part Literacy Clinic programme has reached a conclusion, it is likely the initiative will go countrywide. This is according to Education Officer Samantha Williams who told this publication on Sunday that Education Ministry is currently undertaking steps to take the programme to the country’s 10 administrative regions.Guyana Times however understands that the logistics of such a move indicates that it has to be “rolled out” over a one-year period. This most recent incarnation of the reading and comprehension initiative began at Fun City, Ramada Princess Hotel, followed by the Giftland Mall; and concluded at the Georgetown Seawall in the vicinity of the bandstand.The Literacy Clinic is in keeping with a drive to promote and enhance literacy in Guyana and once again saw operatives of Education Ministry introducing and enlightening children about literacy through the use of coloured signs, charts, learning aid, books and other spelling equipment.The children were given material for their age category and parents and guardians are given tips on how they can strengthen their children’s reading and comprehension skills.One parent, Debbie (only name given) expressed gratitude that her daughter was able to participate in the literacy drive. She pointed out that it will assist in enhancing her child’s spelling skills, and increase her ability to identify words, which in turn would enhance her vocabulary. “They should have more of this in school,” the parent noted.A grandmother, Pamela Houston told Guyana Times that such programmes are healthy alternatives to children just sitting at home watching television. With this in mind, Houston brought her three grandchildren to the seawall on Sunday. She voiced support for programmes like this which will encourage children to read.At the launch some two weeks ago, Acting Chief Education Officer, Marcel Hutson had explained that the ministry embarked on a drive to ensure that “every child is literate”.“We are going to produce children who can read, analyse and think critically,” he noted, pointing out that parents must be especially involved in their children acquiring the requisite reading skills…”we strongly believe that if parents are integrally involved in their children’s education, our children will do far better,” the acting CEO had opined.This year’s programme fell under the theme, “Together let us work to raise literacy level of our children’.last_img read more

Farmer dies after crashing into utility pole

first_imgAn allegedly intoxicated farmer was on Monday afternoon killed after he reportedly crashed a car which he had not been given permission to drive into a utility pole at Chance Village, Mahaicony, East Coast Demerara (ECD).Dead is 54-year-old Carl Richmond, of Lot 54 Strath Campbell Village, Mahaicony. Reports are the owner of the motor car, HC 6694, who resides at Republic Park, ECD, stopped to rest at Richmond’s home.However, Richmond, who was highly intoxicated reportedly collected the motor car unbeknownst to the owner and went for a drive. It was during this drive the unlicensed driver crashed into the utility pole.Richmond sustained injuries and was rushed to the Mahaicony Cottage Hospital, where he was pronounced dead on arrival. Investigations are ongoing.last_img read more

DDL, SPU seals deal on molasses for 2018 rum production

first_imgAfter weeks of uncertainty over where to source molasses to continue rum production following the downsizing of the sugar industry, Demerara Distillers Limited (DDL) on Friday finalised a deal with the Special Purpose Unit (SPU) to use the canes in the fields to sustain its operations for the rest of 2018.This announcement was made by DDL Chairman, Komal Samaroo, during the commissioning of a new rum aging warehouse at its operations at Plantation Diamond, East Bank Demerara on Friday. Head of the SPU, Colvin Heath-London, was present at the event.SPU Head, Colvin Heath-London, and DDL Chairman, in conversation with others at the event on FridayThe SPU was set up under the National Industrial and Commercial Investment Limited (NICIL) to manage the divestment of GuySuCo’s assets following its downsizing last year.According to the Chairman, his company has been working along with SPU, GuySuCo and the Government of Guyana to come up with short-term responses and long-term sustainable solutions to address challenges imposed by the downsizing of the sugar industry.“This afternoon we have come to a meeting of the mind on an agreement for the rest of 2018 to harvest the standing canes in the fields and to convert it into inputs for the rum production, so that we can continue producing throughout the year,” he revealed.Samaroo went on to say that, in the meantime, the company is awaiting the completion of ongoing valuation being done on GuySuCo’s assets to start negotiations and have serious discussions on a more sustainable solution going forward.The DDL Chairman further noted that while rum has historically been looked at as a by-product, there is now a revolution of the beverage category, and the company is now looking to make rum the primary product of the sugar industry.Since the thousands of workers have been fired in a downsizing of the sugar industry last year, DDL, producer of world renowned and award winning El Dorado rums, have, in recent months, complained bitterly over this move. Together, the three remaining estates – Uitvlugt, Blairmont and Albion – are projected to produce a total of 52,000 tons of molasses this year. However, DDL’s molasses requirement for 2018 is 70,000 tons.The company has since been exploring options, and was even contemplating importing molasses to sustain rum production to meet its increasing local and international demands.Nevertheless, as a long-term solution to this challenge, the company has submitted an expression of interest (EoI) to NICIL and to Government for the potential purchase of the now closed Enmore Estate. This would allow the company to have a guaranteed steady supply of molasses.However, if the company’s proposal — to take over the East Demerara estate — does not prove to be feasible, or if the facility is given to someone else, then DDL may have to source molasses from foreign suppliers to ensure adequate and reliable supply in the future.Earlier this month, it was revealed that DDL would be partnering with the SPU and Government to restart the Enmore Estate, and almost 200 workers have been rehired to start operations this month to produce molasses for the rum industry.It was reported, too, that over 190 cane harvesters have been employed to harvest some 4,300 hectares of sugar cane at Rose Hall, so that it can be used by Albion to also produce molasses for DDL.last_img read more

Guyana records fiscal deficit of over $20B

first_img…as AG red flags Govt spendingAuditor General Deodat Sharma has found that Government’s overall deficit has increased, and indeed has swallowed the current surplus – resources saved from taxes, royalties and other revenue-earing activities embarked on by the state.This is contained in the Auditor General’s 2017 Report, which notes that for that fiscal year, there was a net overall deficit of $24.268 billion as of December 31, 2017. The net deficit is made up of a current surplus of $5.93Auditor General Deodat Sharma9 billion and a capital deficit of $30.207 billion.The AG found that Government attracted total capital revenue of $28.4 billion, but capital expenditure, which is usually long-term, project-oriented and non-recurrent spending, was recorded by the AG at $58.6 billion.Total revenue for the year 2017, which includes current and capital, was $323 billion. Government, however, spent more than it earned, as total expenditure was pegged at $347.3 billion, a deficit of $24.2 billion. The deficit has in fact increased from last year, when it was $20.3 billion.All this is despite the fact that Government’s earnings from taxes are up. The Auditor General’s Report had showed that while the Guyana Revenue Authority (GRA) has collected more taxes than was anticipated, revenue, inclusive of rent and royalties, had declined due to lower gold declarations.In the end-of-year budget and reconciliation report, it noted that the projected revenue for 2017 was $186 billion. Instead, Government actually collected $195 billion in current revenue. This includes duties, levy, personal income and withholding taxes.The highest earnings came from the internal revenue category. Personal income tax collection grew by $2.5 billion. This, according to the Government, is because substantial arrears payments were recovered from self-employed persons through various initiatives. One of the initiatives GRA has been trying is a tax amnesty.Government spendingThe parliamentary opposition has been increasingly critical of Government spending. In citing a recent International Monetary Fund (IMF) Report that had highlighted the need for Government to cut back on its wasteful spending, former People’s Progressive Party (PPP) Minister, Irfaan Ali, had stressed that the recommendations should be taken seriously.He was referring to the recently concluded 2018 staff report by the IMF on Guyana’s economy, where the international financial institution made two main policy recommendations, and where it underscored the importance of macroeconomic and financial stability.On the notion of preserving macroeconomic stability, a policy that prepares an economy for growth by safeguarding it against external shocks, the IMF had cautioned the Government of continued expansionary fiscal policy. This involves increased Government spending.According to the report, the IMF is extremely concerned how short-term fiscal deficit is being financed: primarily by usurping domestic credit. Allocation of scarce resources to best meet the needs of the people through wealth generation and improved wellbeing is crucial.Ali told Guyana Times that from 2014 to 2018, the trajectory has been one that represents reckless spending.Moreover, Government increased its dependence and reliance on domestic credit to fund short-term fiscal deficit. Statistics indicate that from 2014 to 2017, domestic borrowing increased by more than twofold, from $11.3 billion to $23 billion.In 2018, it is further estimated to increase by another $11 billion, to $34 billion. Hence this huge increase, indeed, would crowd out private investment. The crowding out effect is the increase in interest rates because of higher levels of Government borrowing.This, however, means the increase in Government borrowing leads to greater demand for loanable funds, increasing interest rates. When this happens, it’s more expensive for private companies to borrow and invest.last_img read more