Guyana’s Natural Resource Fund (NRF) earned $3.25 billion in investment income in September, while its balance increased to $1.141 trillion, according to the monthly report from the Bank of Guyana.
The fund received $159.83 billion in profit oil during the month, but no royalty payments were recorded. At the same time, $41.7 billion was transferred from the fund to the Consolidated Fund to support government spending.
The fund’s balance increased by $121.38 billion, from $1.0197 trillion at the end of August to $1.141 trillion at September 30. This was equivalent to approximately US$5.47 billion.
The report recorded a monthly return of 0.301% on the fund’s cash portfolio. Its year-to-date return stood at 2.693%, while its annualised year-to-date return was 3.606%.
All the fund’s reported assets were held as cash and cash equivalents at the end of September. The report recorded no investments classified as financial assets held at fair value through profit or loss, and no management fees, transaction costs or other expenses for the month.
The NRF passed the $1 trillion mark at the end of August, following an increase in petroleum revenues flowing into the fund.
Under the Natural Resource Fund Act 2021, Guyana’s petroleum revenues, including its share of profit oil and royalties, are deposited into the fund. Money is transferred from the fund to the Consolidated Fund to finance public spending, subject to the legal framework governing withdrawals.
The fund is a key part of how Guyana manages its oil revenues to finance national development while preserving resources for future generations.
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