Guyana's Natural Resource Fund (NRF) climbed to approximately US$6.45 billion at the end of October, after receiving G$262.2 billion in oil revenues during the month, according to the latest figures released by the Bank of Guyana.
The October monthly report shows that the fund received G$214.67 billion in profit oil and another G$47.52 billion in royalties, bringing total petroleum receipts for the month to G$262.19 billion.
During the same period, Government withdrew G$62.55 billion from the fund and transferred the money to the Consolidated Fund, while the NRF earned G$3.88 billion in investment income, entirely from interest.
The fund closed October with G$1.3446 trillion, equivalent to approximately US$6.449 billion, up from G$1.1411 trillion, or about US$5.47 billion, at the beginning of the month.
The increase represents approximately US$976 million in the fund's balance over the month, after accounting for petroleum receipts, withdrawals and investment income.
The latest report also records a year-to-date investment return of 3.011 per cent, while the fund's entire reported portfolio remains in cash and cash equivalents. No financial assets were recorded as being held at fair value.
The figures provide another indication of the scale of petroleum revenues now flowing into Guyana's savings fund, while highlighting the continued importance of monitoring how those resources are managed and transferred to support national spending.
Under the Natural Resource Fund framework, money is transferred from the fund to the Consolidated Fund in keeping with the legally established withdrawal arrangements and annual budgetary provisions.
With Guyana's offshore production continuing to expand, the NRF is expected to remain a major source of financing for the country's development, making transparency around its inflows, withdrawals and investment performance increasingly important.
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