The Alliance for Change party leader, Khemraj Ramjattan, believes that the government intends to utilise the US 534 million accumulated thus far from oil sales and royalties for the 2022 budget. This, he says, justifies the sudden passing of the natural resource fund bill. The details from Kendell Richmond
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Khemraj Ramjattan, Leader of the Alliance for Change and Shadow Minister of Agriculture in the National Assembly believes that the government should allow monies to be withdrawn from the NaturalResources Fund, to aid in flood relief efforts across the country
Leader of the AFC, Khemraj Ramjattan, says that the PPP/C is seeking to adopt Kazakhstan's model of managing oil wealth instead of utilizing the natural resources fund. His comments come after Guyana’s political and oil and gas landscape was brought into focus by two US Congressmen. Government has since responded,…
(Oil Now) -The latest monthly report on Guyana’s Natural Resource Fund (NRF) shows that the account earned GY$10.646 billion in royalties and GY$50.127 billion in profit oil.This totals approximately GY$60.773 billion (US$291.477 million). The Bank of Guyana report states that net outflows for the month totalled $41.7 billion.This was the…
