US$2.463B Withdrawn from NRF to Fund 2025 Budget

January 26 2025

Withdrawals totalling US$2.463 billion were made from Guyana’s Natural Resource Fund (NRF) in 2025 to finance national development priorities under Budget 2025, in keeping with the Natural Resource Fund Act 2021 and approvals granted by the National Assembly.

The disclosure was made by Dr. Singh, while presenting the 2026 budger. He stated that the withdrawals were supported by strong petroleum inflows, as the NRF recorded more than US$2.4 billion in revenue for the year and closed 2025 with a balance of US$3.25 billion.

During the year, the Fund received US$2.1 billion in profit oil.

This included US$400.1 million from Liza Destiny, US$767.7 million from Liza Unity, US$824.4 million from the Prosperity FPSO, and US$133.6 million from the One Guyana FPSO. In addition, royalty payments of US$330.7 million were received from the Stabroek Block operator.

Petroleum revenues were further boosted by a US$15 million signing bonus from a new Production Sharing Agreement signed on November 11, 2025, with a consortium for the shallow-water Block S4 offshore Guyana.

Officials have maintained that NRF withdrawals are guided by law and parliamentary oversight, with expenditures aimed at supporting national development and long-term economic growth.