Guyana
Fiscal Management and Accountability Act 2003 + Audit Act 2004 + Procurement Act 2003 + Natural Resource Fund Act 2021 + Access to Information Act 2011 + Constitution 1980 (rev. 2016)
Fiscal Management and Accountability Act 2003 Act No. 20 of 2003; Constitution of the Co-operative Republic of Guyana 1980 (rev. 2016) Arts. 223, 212X-212Y; Audit Act 2004, Act No. 5 of 2004; Procurement Act 2003, Ch. 73:05 (Act 8 of 2003); Natural Resource Fund Act 2021, Act No. 19 of 2021 (Extr. Gazette 30 Dec 2021); Access to Information Act 2011, Act No. 21 of 2011
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Guyana's fiscal framework combines Westminster-derived constitutional structure with a novel post-oil NRF Act 2021 governance layer, producing a score of 51 (limited band). Core architecture: FMAA 2003, Audit Act 2004 (nine-month AG reporting deadline to National Assembly Speaker per s.9; yearend_report_deadline_days=270 confirmed), and Procurement Act 2003 (NPTA + constitutional Public Procurement Commission, Arts. 212X-212Y). AG appointed on PSC advice (appointed_executive); PAC chaired by opposition (PNCR -- Westminster convention upheld). NRF Act 2021 (Act No. 19 of 2021) establishes PAOC (22-member civil society committee with statutory National Assembly reporting; fiscal_oversight_body=True +3 pts) and criminal offence for Minister of Finance failing Official Gazette notification within 3 months. NRF balance US$3.6B (Q3 2025); GDP growth 62.3% (2022, globally highest, IMF confirmed). NRF implementation gaps: US$27M discrepancy (OGGN Feb 2024); 'rubber stamp' allegation; EITI 2022 scored 52/100 (suspended Feb 2023; reinstated June 2023; 2025 validation underway with 20 corrective actions). Both PEFAs non-public (2007 draft, 2019 final). NOT in OBS or OGP. TI CPI 40/100 (rank 84/182; flat despite oil boom). Score: 51 (limited band; +4 vs cluster baseline: fiscal_oversight_body +3, yearend_deadline +1).
Transparency Requirements
Budget Publicationmax 12 pts
| Budget publication required | ✓ Yes |
|---|---|
| Budget published online | ✓ Yes |
| Budget publication timeline | — |
| Machine-readable budget format | No |
| Draft budget required before adoption | ✓ Yes |
Expenditure Disclosuremax 12 pts
| Expenditure disclosure required | ✓ Yes |
|---|---|
| Expenditure granularity | department |
| Public expenditure portal required | No |
| Expenditure reporting frequency | quarterly |
Independent Auditmax 12 pts
| Audit required | ✓ Yes |
|---|---|
| Auditor independent of entity | ✓ Yes |
| Auditor selection method | appointed executive |
| Audit frequency | annual |
| Audit reports public | ✓ Yes |
| Audit scope | financial performance |
Contract & Procurementmax 10 pts
| Public bidding required | ✓ Yes |
|---|---|
| Contract publication required | ✓ Yes |
| Bid award disclosure | No |
| Beneficial ownership disclosure | No |
Debt & Liability Disclosuremax 10 pts
| Debt disclosure required | ✓ Yes |
|---|---|
| Pension liability disclosure | No |
| Contingent liability disclosure | No |
| Voter approval required for new debt | No |
Fiscal Reporting Frequencymax 10 pts
| Interim reporting required | ✓ Yes |
|---|---|
| Interim reporting frequency | quarterly |
| Year-end report deadline | 270 days after fiscal year |
| Citizens budget required | No |
Enforcement & Oversightmax 10 pts
| Non-compliance penalties | ✓ Yes |
|---|---|
| Fiscal oversight body | ✓ Yes |
| Whistleblower protections | No |
| Legislative budget office | No |
Revenue & Tax Transparencymax 8 pts
| Tax expenditure reporting | No |
|---|---|
| Revenue forecasting required | ✓ Yes |
| Tax rate publication | ✓ Yes |
| Fee schedule publication | No |
Compensation & Payrollmax 8 pts
| Salary disclosure required | No |
|---|---|
| Salary disclosure scope | — |
| Pension benefit disclosure | No |
| Overtime reporting | No |
Capital & Asset Disclosuremax 8 pts
| Capital plan required | ✓ Yes |
|---|---|
| Asset inventory required | No |
| Surplus asset disposal transparency | No |