In the first quarter of 2025, Guyana received approximately US$3.3 billion in oil revenue.
This is according to the Senior Minister in the Office of the President with Responsibility for Finance and the Public Service, Dr Ashni Singh, who today presented Notification of Receipts to the National Assembly of all petroleum revenues paid into the Natural Resource Fund (NRF) during the period 1 January 2025 to 31 March 2025, pursuant to Section 33 (2) of the NRF Act 2021.
The notification was published in the Official Gazette on 4 April 2025 and reaffirms the government’s continued commitment to the principles of transparency and accountability in the management of Guyana’s oil resources, the ministry statement said.
“At the end of March 2025, the balance in the NRF stood at US$3.3 billion,” Dr Singh said.
It was stated further that the International Monetary Fund (IMF), in the Staff Concluding Statement of the 2025 Article IV Mission, commended the government on the progress made to strengthen the management of oil wealth and its fiscal transparency:
“The authorities have advanced in enhancing governance of the NRF and modernizing public sector operations. The 2023 NRF and Public Accountability and Oversight Committee Annual Reports have been presented to the National Assembly, regular notifications of receipts of petroleum revenues, as mandated by law, are published in the Official Gazette and presented to the National Assembly, and the Bank of Guyana publishes monthly and quarterly reports of the NRF’s financial performance.”
The ministry further stated that, 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Act 2024, parliamentary approval has been granted for US$2.464 billion (equivalent to G$512.437 billion) to be withdrawn from the NRF in 2025.
It was noted that the government will continue to manage Guyana’s oil resources in a clear and transparent manner, to the benefit of present and future generations.
