Gov’t transfers US$300M from oil fund in fourth withdrawal for 2024
See full release from the Ministry of Finance:
Pursuant to the Natural Resource Fund (NRF) Act2021, as amended bythe Fiscal Enactments (Amendment) Act 2024, Parliamentary approval has been granted forUS$1,586,150,331 (equivalent to G$329,885,563,088) to be withdrawn from the NRF in 2024.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 fourthtransfer for 2024, totalling US$300million (equivalent to G$62.394 billion) from the NRF on October1, 2024, to the Consolidated Fund. This transfer brings the accumulated withdrawals to date in 2024 to US$1.150 billion (equivalent to G$239.176 billion)within the total of US$1.586 billion (equivalent to G$329.9 billion) approved to be withdrawn in 2024.
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