Senior Finance Minister, Dr. Ashni Singh announced on Tuesday that the government made its third withdrawal from the Natural Resource Fund totalling US$207.6M (G$43 billion).
This sum has been transferred from the Natural Resource Fund to the Consolidated Fund to finance national development priorities.
It would be recalled that in May and July of this year, the government made withdrawals totalling US$400 million equivalent to G$83 billion. This brings the accumulated withdrawals from the NRF for the year 2022 to US$607.6 million, equivalent to G$126 billion, and in line with the approved amount in the 2022 budget.
The NRF Act 2021 came into operation on January 1, 2022.
