A Suggested Medium-Term Fiscal Framework for Guyana

July 12, 2024

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Format: Chicago

Rina Bhattacharya, and Do Yeon Park. A Suggested Medium-Term Fiscal Framework for Guyana, (USA: International Monetary Fund, 2024) accessed November 12, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

Guyana is growing rapidly, and fiscal policy plays a critical role in ensuring that the country’s wealth is managed effectively and equitably. The paper analyzes crucial elements of a comprehensive fiscal policy framework, anchored on a medium-term fiscal framework, that would help in balancing several, and sometimes competing, fiscal policy objectives common to natural resource rich developing countries.

Subject: Environment, Expenditure, Fiscal policy, Fiscal sustainability, Natural resources, Oil production, Production

Keywords: Non-renewable resources, Expenditure growth rule, Fiscal policy framework, Fiscal policy path, Fiscal rules, Fiscal sustainability, Global, Guyana's oil, Natural Resource Funds, Natural resources, Oil production, Resource wealth

Publication Details

Pages:

20
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2024/151
Stock No:

WPIEA2024151
ISBN:

9798400280900
ISSN:

1018-5941

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