Govt makes 2nd NRF withdrawal for 2024 to the tune of US$300 million

The content originally appeared on: INews Guyana
Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh

See full statement from the Ministry of Finance: 

Pursuant to the Natural Resource Fund (NRF) Act 2021, as amended by the Fiscal Enactments (Amendment) Act 2024, Parliamentary approval has been granted for US$1,586,150,331 (equivalent to G$329,885,563,088) to be withdrawn from the NRF in 2024.

In accordance with this approval, the Government of Guyana has made its second transfer for 2024, totalling US$300 million (equivalent to G$62.394 billion) from the NRF on May 14, 2024, to the Consolidated Fund. This transfer brings the accumulated withdrawals to date in 2024 to US$550 million (equivalent to G$114.388 billion) within the total of US$1.586 billion (equivalent to G$329.9 billion) approved to be withdrawn in 2024.