Guyana Fiscal Deficits Will Remain Wide Amid Political Uncertainty

• Political uncertainty will cloud Guyana's short-term fiscal outlook and Fitch forecasts the country will run wide fiscal deficits

 

• In the long term, significant windfalls from the energy sector will lead to a substantial narrowing of the deficit.

 

• Fitch Solutions has revised its fiscal deficit forecast for 2019 and 2020 to 5.1% and 4.2% of GDP, from 5.5% and 4.6% previously.

 

(Source: Fitch Latin America Monitor- Caribbean)