A Suggested Medium-Term Fiscal Framework for Guyana

Rina Bhattacharya and Do Yeon Park

No 2024/151, IMF Working Papers from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 20
Date: 2024-07-12
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