The main objective of this note is to conduct an analysis of the budgetary targets for 2023 and of the budgetary profile for the medium-term (2024-2026) as set out in the Government’s 2023 budget documents. To provide context for this analysis, the note begins with a review of Guyana’s fiscal performance in 2022, compared to the budgetary targets that were set out for the year. A review of the fiscal performance in 2022 provides a useful perspective for analyzing the 2023 budget targets due to the fact that 2022 was the year in which the Government made an initial attempt to implement a comprehensive capital expenditure program largely funded by oil revenues and aimed at transforming the structure of the economy.
Published Date: May 2023
Author: K. Dublin
Download: Guyana: Review of Fiscal Performance in 2022 and the Medium Term Final Version May 8
MAY
2023