A Suggested Medium-Term Fiscal Framework for Guyana
A Suggested Medium-Term Fiscal Framework for Guyana
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Volume/Issue:
Volume 2024
Issue 151
Publication date: July 2024
ISBN: 9798400280900
$20.00
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Topics covered in this book
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Industries - Energy , Natural Resources , Economics- Macroeconomics , Public Finance , Fiscal policy framework , Fiscal rules , Non-renewable resources , Natural Resource Funds , resource wealth , fiscal policy path , Guyana's oil , expenditure growth rule , Fiscal sustainability , Natural resources , Oil production , Global
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.
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