Guinea is advancing public finance reforms by transitioning to a program-based budgeting system. This approach, supported by international institutions like the IMF and World Bank, aims to link allocated funds directly to specific policy objectives and measurable results, moving away from traditional line-item budgeting.
The reform is part of a broader effort to enhance governance and transparency in the management of public resources. By focusing on outcomes, the government intends to improve the efficiency and effectiveness of public spending, which is critical for the country's development goals.
Experts, including economists like Dr. Ibrahima Kalil DiakitΓ©, have highlighted this budget methodology as a key tool for structural transformation. The successful implementation of this system is seen as pivotal for achieving sustainable economic growth and improving public service delivery in Guinea.
