Tag: Natural Resource Fund Act 2021
APNU+AFC left loopholes to withdraw oil money without parliament’s approval – Finance Minister
Senior Minister in the Office of the President with responsibility for finance, Dr. Ashni Singh revealed Thursday that the previous ... Read More
Norway built its country with oil money for 25 years, before establishing oil fund – Ramson
Minister of Culture, Youth and Sport, Charles Ramson Jr. said that the Kingdom of Norway used its oil revenues to ... Read More
Guyana expects US$957.6 million in oil revenues in 2022
Given the ramp-up in oil production expected in 2022, Guyana expects that its Natural Resource Fund will receive nearly US$1 ... Read More
Oil funds to help finance Budget 2022 – Vice President
─ says will ensure Guyana borrows less- Vice President Dr. Bharrat Jagdeo said Budget 2022 will be financed partly by ... Read More
Officials who lose oil money through misconduct to be held personally liable
The law explicitly prohibits the misuse or misapplication of public funds, which Guyana’s petroleum revenues are, and outlines penalties for ... Read More
Guyana’s oil money not tied up in any deals
Of the US$607 million sitting in the New York Federal Reserve Bank, not a cent of Guyana’s oil money has ... Read More
Finance Minister files motion for parliamentary nomination of oil fund board member
Senior Minister in the Office of the President with responsibility for finance, Dr. Ashni Singh, has filed a motion asking ... Read More
Pressing development needs may require transparent, early withdrawals from oil fund
The Natural Resource Fund Act 2021 has paved the way for government to make withdrawals from the Fund, through a ... Read More
Oil fund could repair crumbling infrastructure, improve health, education systems – Minister Indar
Minister within the Ministry of Public Works, Deodat Indar, said the public school and healthcare systems, along with the country’s ... Read More
‘Attempted theft of Speaker’s Mace was a treacherous act’ – Governance Minister
Calls for ‘grabbers’ to be “seriously dealt with” Following sheer disorder at the hands of the APNU+AFC Opposition in the ... Read More