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    Home»Featured»Guyana’s Oil Revenue Savings: Fact vs. Fiction
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    Guyana’s Oil Revenue Savings: Fact vs. Fiction

    Joel BhagwandinBy Joel BhagwandinNo Comments1 Min Read134 Views
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    Joel Bhagwandin
    Joel Bhagwandin
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    🗣️ On the campaign trail, Dr. Terrence Campbell of APNU claimed the PPP/C government is spending 95% of Guyana’s oil revenues and pledged to save 25% annually.
    📌 𝗙𝗮𝗰𝘁 𝗖𝗵𝗲𝗰𝗸: The Bank of Guyana’s Natural Resource Fund (NRF) report shows the PPP/C has already saved 46% of non-interest inflows and 48% of total inflows since inception.
    That’s nearly double the savings target APNU is proposing.
    🔍 𝐍𝐑𝐅 𝐒𝐧𝐚𝐩𝐬𝐡𝐨𝐭 (𝐐𝟏 𝟐𝟎𝟐𝟓)
    • 💰 Total Inflows: US$6.655B
    • 🏦 Withdrawals: US$3.6B
    • 📈 Interest Earned: US$279M
    • 💼 Net Savings: US$3B
    • 📊 Total Market Value in NRF: US$3.339B
    ✅ Conclusion: The PPP/C’s fiscal discipline is evident. Guyana’s oil wealth is being responsibly managed—contrary to political claims.
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    Joel Bhagwandin
    Joel Bhagwandin

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