Identifier
Created
Classification
Origin
09GEORGETOWN194
2009-04-03 20:37:00
UNCLASSIFIED
Embassy Georgetown
Cable title:  

GUYANA RESPONSE TO FY09 PROHIBITION ON ASSISTANCE

Tags:  EAID ECON PREL GY 
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VZCZCXRO9458
PP RUEHGR
DE RUEHGE #0194 0932037
ZNR UUUUU ZZH
P 032037Z APR 09
FM AMEMBASSY GEORGETOWN
TO RUEHC/SECSTATE WASHDC PRIORITY 7143
INFO RUCNCOM/EC CARICOM COLLECTIVE PRIORITY
RHMFISS/CDR USSOUTHCOM MIAMI FL PRIORITY
UNCLAS GEORGETOWN 000194 

SIPDIS

EEB/IFD/OMA JULIA JACOBY

E.O. 12958: N/A
TAGS: EAID ECON PREL GY
SUBJECT: GUYANA RESPONSE TO FY09 PROHIBITION ON ASSISTANCE
TO CENTRAL GOVERNMENTS WHOSE BUDGETS ARE NOT TRANSPARENT

REF: STATE 28885

UNCLAS GEORGETOWN 000194

SIPDIS

EEB/IFD/OMA JULIA JACOBY

E.O. 12958: N/A
TAGS: EAID ECON PREL GY
SUBJECT: GUYANA RESPONSE TO FY09 PROHIBITION ON ASSISTANCE
TO CENTRAL GOVERNMENTS WHOSE BUDGETS ARE NOT TRANSPARENT

REF: STATE 28885


1. (U) The following is Post's response to reftel questions
regarding fiscal transparency in Guyana.


2. (U) As stipulated by law, the Government of Guyana
publicly disseminates its annual budget. The Minister of
Finance presents the budget to Parliament in the presence of
the media and members of the public; copies of the Budget
Estimates and the Budget Speech are provided to the
Parliament Library, the National Library, and to various
organizations, including US Embassy Georgetown. The budget
presentation given to Parliament and an abbreviated overview
of the budget is published on the government information
agency (GINA) website (http://www.gina.gov.gy). All revenues
and expenditures are included in the publicly available
budget. The information within is considered to be generally
accurate, though most of the detailed facts and figures
generated within the GoG deserve close scrutiny.


3. (U) USG programs exist to strengthen Guyana's capacity to
develop sound fiscal policies and support transparency and
good governance. As a 2007 recipient of Threshold Program
funding under the Millennium Challenge Account, Guyana has
received $6.7M over two years to promote transparency and
accountability in budgeting. Specifically, the Threshold
Program aims to reduce the country's fiscal deficit by
strengthening tax administration and tax implementation. It
also seeks to enhance fiduciary oversight and improve
business registration.


4. (U) Guyana has volunteered for the IMF to report on the
country's compliance with standards and codes covering fiscal
transparency.
http://www.imf.org/external/np/sec/pn/2008/pn 0845.htm
Jones