Guyana is expected to withdraw more than $138 billion (US$663 million) from its oil-funded Natural Resource Fund (NRF) in December.
At the start of the year, Parliament approved a withdrawal of approximately $514 billion (US$2.463 billion) from the NRF to support the governmentโs development program.
NRF reports covering the period from January to November show that the government has already withdrawn about $375 billion (US$1.8 billion), leaving roughly $138 billion still to be taken before year-end.
That remaining amount represents more than a quarter of the total oil revenues to be spent this year.
Guyanaโs Natural Resource Fund is financed almost entirely by oil revenues, including crude sales and royalties from offshore production led by ExxonMobil and its partners Hess and CNOOC. Oil output has surged over the past two years, underpinning rapid economic growth and allowing the government to scale up public investment.
The government has said NRF withdrawals are being used to support infrastructure, health, education and social programs, while maintaining some savings for future generations.
