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Fiscal Management and Accountability Act 2003

This document is part of the source library for NRGI's 2021 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

Data and Resources

Additional Info

Field Value
Sector Oil and Gas
Country Guyana
Year
RGI Edition Year 2021
Topic Mandatory payment disclosure, Revenue management, Revenue sharing, Subnational governance
Document Type PDF
RGI Sub-component
RGI Questions 1.2.3a: Is the government required to publicly disclose data on payments from extractive companies to the government?,
2.2a: Does the central government transfer extractive resource revenues to subnational governments?,
2.2b: Are there specific rules governing the transfer of extractive resource revenues (i.e. are these rules distinct from those governing other types of transfers)?,
2.2c: Do rules specify that subnational governments of producing areas should receive a higher share of extractive resource revenues than those of non-producing areas?,
2.2.1a: Do rules specify which subnational agencies receive the extractive resource revenues transferred from the central government?,
2.2.2a: Do rules specify a formula governing the transfer of extractive resource revenues between the central government and subnational governments?,
2.2.2b: If there is a formula governing the transfer of extractive resource revenue between the central government and subnational governments, does this formula specify the amount of revenue received by each subnational government?,
2.2.3a: From 2015 onwards, did the central government disclose the amount of revenues transferred to subnational governments?,
2.2.3b: How up-to-date is the information publicly disclosed by the central government on the amount of revenues transferred to subnational governments?
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Are the RGI questions here tagged with law and/or practice Law and
Practice (Both)
Publisher
Author
Source or API link https://parliament.gov.gy/media-centre/speeches/the-fiscal-management-and-accountability-act/
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute