GEORGETOWN, Guyana, CMC -The Guyana government says the balance of the petroleum revenues paid to the National Resource Fund (NRF) at the end of last month now stands at US$1.465 billion.
A statement from the Ministry of Finance noted that the Minister of Parliamentary Affairs and Governance, Gail Teixeira, on Monday tabled the Notification of Receipts to Parliament on behalf of Finance Minister Dr. Ashni Singh on all petroleum revenues paid to the NRF during the period January 1 to March 31, 2023.
The NRF Act was strengthened in 2021, replacing the NRF 2019 Act passed by the then-A Partnership for National Unity/Alliance For Change (APNU/AFC) administration.
The Ministry of Finance said that last year, US$607.6 million was withdrawn from the Fund to finance national development priorities. A further US$1,002.1 billion is projected to be started this year.
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