A Suggested Medium-Term Fiscal Framework for Guyana
IMF Working Papers, July 12, 2024
Source details
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- A Suggested Medium-Term Fiscal Framework for Guyana
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Bibliographic details
- Authors: Rina Bhattacharya, Do Yeon Park
- Published: July 12, 2024
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9798400280900.001
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.
- Publication type: IMF Working Papers.
Authors and Publication Date
- By Rina Bhattacharya, Do Yeon Park
- July 12, 2024
Major themes and analytic focus
- Medium-term fiscal framework as the anchor of fiscal policy.
- Management of natural resource wealth, with specific attention to Guyana's oil.
- Balancing competing fiscal policy objectives in natural resource rich developing countries.
- Fiscal sustainability and fiscal policy path considerations.
- Expenditure growth rule and fiscal rules as policy instruments.
- Role of Natural Resource Funds in resource wealth management.
Keywords and subject tags
- Subject: Environment, Expenditure, Fiscal policy, Fiscal sustainability, Natural resources, Oil production, Production
- Keywords: expenditure growth rule, Fiscal policy framework, fiscal policy path, Fiscal rules, Fiscal sustainability, Global, Guyana's oil, Natural Resource Funds, Natural resources, Non-renewable resources, Oil production, resource wealth
IMF Working Paper: "A Suggested Medium-Term Fiscal Framework for Guyana" by Rina Bhattacharya and Do Yeon Park, July 12, 2024.
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- Working Paper