The Government of Guyana on Wednesday announced its third withdrawal for the year from the Natural Resource Fund (NRF), amounting to US$300 million. This withdrawal was made pursuant to the Natural Resource Fund (NRF) Act 2021, as amended by the Fiscal Enactments (Amendment) Act 2024, following parliamentary approval.
According to a statement from the Ministry of Finance, the total parliamentary approval for withdrawals from the NRF in 2024 amounts to US$1,586,150,331 (approximately G$329,885,563,088). The recent transfer of US$300 million (G$62.394 billion) to the Consolidated Fund occurred on July 22, 2024.
This latest withdrawal brings the total withdrawals for the year 2024 to US$850 million (approximately G$176.782 billion), out of the approved total of US$1.586 billion (approximately G$329.9 billion).
The post Gov’t withdraws US$300M from Natural Resource Fund in 3rd transfer for 2024 appeared first on News Room Guyana.