World Bank2025-05-212025-05-212025-05-21https://hdl.handle.net/10986/43222This Public Finance Review (PFR) is the first since 2013, and it complements other World Bank Group advisory support and analytics. The PFR updates the fiscal analysis with data from 2013 through 2023 and expands into areas not previously covered, such as revenues, fiscal risks, and performance-based budgeting. It also complements the ongoing CADR fiscal report (P179152). The PFR is organized into five chapters. Following the executive summary and the introduction, Chapter 3 presents an extensive benchmarking of tax policy and tax administration. Chapter 4 examines public financial management, starting with stylized facts, reviews the performance-based budgeting system with a view to improve expenditure efficiency, and considers how climate plans are incorporated in the budget. Chapter 5 reviews Guatemala’s practices for identifying, estimating, and managing fiscal risks.en-USCC BY-NC 3.0 IGOECONOMIC GROWTHFISCAL ANALYSISREVENUESFISCAL RISKSTAX ADMINISTRATIONReportWorld Bankhttps://doi.org/10.1596/43222