Guyana : Public Expenditure Review

Guyana : Public Expenditure Review

Since independence in 1966, Guyana's economy has gone through a state control of major productive sectors, and financial institutions - including controls of prices, credit, and foreign exchange - to a combination of political/social unrest, w...

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Bibliographic Details
Main Author:	World Bank
Format:	Public Expenditure Review
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTABILITY ACCOUNTING ADJUSTMENT LENDING AGRICULTURAL PRODUCTION ALLEGIANCE AUTHORITY BUDGET MANAGEMENT BUDGET PROCESS BUDGET PROCESSES BUDGETARY ALLOCATIONS BUDGETARY INSTITUTIONS BUDGETARY SUPPORT BUSINESS ENVIRONMENT CENTRAL GOVERNMENT CIVIL SOCIETY COMMUNICABLE DISEASES COMMUNITY LEVEL CONSTITUTIONAL REFORM CONSULTATION PROCESS CORRUPTION COST RECOVERY COUNTRY CONTEXT CPI CURRENCY UNIT DATA SET DEBT RELIEF DECENTRALIZATION DEVELOPING COUNTRIES DEVELOPMENT PARTNERS DEVELOPMENT STRATEGY DONOR COMMUNITY ECONOMIC ACTIVITIES ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC MANAGEMENT ECONOMIC RECOVERY EDUCATION EMPLOYMENT EXCHANGE RATE EXCHANGE RATES EXECUTION EXPENDITURE GROUP EXPENDITURE SURVEY EXTERNAL DEBT FINANCIAL ACCOUNTABILITY FINANCIAL INSTITUTIONS FINANCIAL SUSTAINABILITY FINANCIAL TRANSFERS FISCAL FISCAL DEFICIT FISCAL POLICY FISCAL SUSTAINABILITY FOREIGN EXCHANGE GEOGRAPHICAL AREAS GOVERNMENT ASSISTANCE GOVERNMENT EXPENDITURES GOVERNMENT GUARANTEES GOVERNMENT HOUSING GOVERNMENT'S BUDGET GROSS DOMESTIC PRODUCT GROWTH RATE HEALTH HEALTH CARE HEALTH INDICATORS HOSPITALS HOUSEHOLD INCOME HOUSING POLICY HYGIENE IMMUNIZATION INCOME LEVELS INFLATION INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL CAPACITY INSURANCE LAND USE LAWS LEGISLATION LEGISLATURE LIVING CONDITIONS LIVING STANDARDS LIVING STANDARDS MEASUREMENT LOCAL GOVERNMENTS LOCAL LEVEL MANAGERS MIGRATION MINISTRY OF FINANCE NATIONAL LEVEL NATIONS OUTCOME VARIABLES PATIENTS POLICY DECISIONS POLICY DIALOGUE POLITICAL PARTIES POOR COUNTRIES POPULATION GROWTH POVERTY ALLEVIATION POVERTY MAP POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRESENT VALUE PRIMARY SCHOOL PRIVATE SECTOR PRODUCTIVE SECTORS PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURE REVIEW PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FUNCTIONS PUBLIC INFRASTRUCTURE PUBLIC PROCUREMENT PUBLIC RESOURCES PUBLIC RESOURCES MANAGEMENT PUBLIC SECTOR PUBLIC SERVICE PUBLIC SERVICE DELIVERY PUBLIC SERVICES PUBLIC SPENDING PUBLIC UTILITIES PUBLIC WORKS QUALITY CONTROL QUALITY STANDARDS REAL TERMS RECURRENT COSTS REDUCING POVERTY REGULATORY FRAMEWORK REHABILITATION RESOURCE ALLOCATION RESOURCE CONSTRAINTS RESOURCES MANAGEMENT ROADS RURAL AREAS SECONDARY SCHOOLS SERVICE DELIVERY SOCIAL INDICATORS SOCIAL INFRASTRUCTURE SOCIAL SAFETY SOCIAL SAFETY NETS SOCIAL SECTOR SOCIAL SECTORS SOCIAL SECURITY SOCIAL SERVICES SOCIAL STATUS SOLID WASTE DISPOSAL STATE CONTROL STATE PLANNING STRUCTURE OF GOVERNMENT TAX TAX EXEMPTIONS TAX SYSTEM TECHNICAL ASSISTANCE TECHNICAL CAPACITY TERMS OF TRADE TRANSACTION COSTS URBAN AREAS WASTE WASTE DISPOSAL WATER SUPPLY PUBLIC EXPENDITURES FISCAL CONSTRAINTS SOCIOECONOMIC CONDITIONS BUDGET PRESENTATION MACROECONOMIC CONTEXT PRICE CONTROLS FOREIGN EXCHANGE CONTROL CREDIT CONTROLS POLICY DEVELOPMENT PRIVATE SECTOR DEVELOPMENT SERVICES DELIVERY CAPITAL BUDGETS PARLIAMENTARY PROCEDURE DEVELOPMENT PLANNING PROGRAM IMPLEMENTATION CAPACITY BUILDING SECTORAL POLICY HEALTH EXPENDITURES EXPENDITURES FOR EDUCATIONAL CAPITAL SOCIAL ASSISTANCE PROGRAMS POVERTY REDUCTION STRATEGIES INFRASTRUCTURE DEVELOPMENT ALLOCATION OF RESOURCES
Online Access:	http://documents.worldbank.org/curated/en/2002/08/2017564/guyana-public-expenditure-review http://hdl.handle.net/10986/14574

Description
Summary:	Since independence in 1966, Guyana's economy has gone through a state control of major productive sectors, and financial institutions - including controls of prices, credit, and foreign exchange - to a combination of political/social unrest, with terms of trade deterioration, and slow economic growth. This led Guyana to become the fourth poorest country in the Western Hemisphere, despite its rich endowment in mineral resources, biodiversity, and forested land. In this context, the main objective of the Public Expenditure Review (PER) is to analyze its expenditures so as to gain understanding of the structure of Government's budget processes to allow its execution, and, assist the Government in reorienting policies, institutions, and expenditures, to achieve private sector-led growth, and better services to the poor. The PER identifies a number of weaknesses in the budget process, namely, the need for intermediate steps to set the budget within a forward-looking medium term expenditure framework, the need to prepare current and capital expenditure budgets jointly, planning for future recurrent costs, and, the need to present the budget to Parliament on a timely basis with adequate information. Recommendations suggest the budget be prepared within a national development program, and a multi-year rolling expenditure framework, with integrated budget processes for current, and capital expenditures, and, strengthening the capacity of the Ministry of Finance for economic modeling, and forecasting. The report assesses sectoral policies, and expenditures in four broad areas: health, education, poverty programs, and infrastructure, focusing on how policies, incentives, and budgetary allocations can change to improve economic efficiency, and poverty alleviation.