Budget and bill to extract more from Natural Resource Fund passed – Ministry

Dr. Ashni Singh

The $1.146 trillion Budget piloted by Senior Minister in the Office of the President with Responsibility for Finance and the Public Service, Dr. Ashni Singh was last night passed in the National Assembly along with a bill to drastically increase extractions from the Natural Resource Fund (NRF).

The Appropriation Bill 2024-Bill No. 1 of 2024 was passed at the conclusion of the Sitting following five days of debate and four days of Committee of Supply Meetings, a release from the Ministry of Finance said.

The release said that with the aim of accelerating the delivery of public goods and services to Guyanese, while optimising the financing mix, Singh, on behalf of Government, also successfully piloted the Fiscal Enactments Amendment Bill No. 2 of 2024 in the National Assembly. This was also passed in the House.