In our article of 23 April 2018, we discussed Guyana’s Budget Transparency Action Plan (BTAP) that the Government had developed in 2015. The Plan contains 14 action items, of which advancing of the accountability cycle is perhaps the most important item. Once this action is fully achieved, the Government will be able to fully discharge its stewardship and accountability within 12 months of the close of the fiscal year, compared with what currently prevails where it takes approximately four years for the cycle to be completed.
Another important item in the BTAP is procurement planning which was the subject of last week’s article. This requires budget agencies to prepare and publicise comprehensive procurement plans in support of their budgetary allocations. While acknowledging that…
