Oil dollars

Sep 20, 2026 Editorial, News

(Kaieteur News) – The PPP/C Government is having a great time with Guyana’s Natural Resource Fund. Like a man who just came into a huge inheritance, or who just won big at the lottery, it has been withdraw and spend, withdraw and spend. To top of this carnival treatment of the oil money that belongs to citizens, there has been no accounting for the billions withdrawn from the NRF.

In 2025, the NRF received total deposits of US$2.509B.From that tempting sum, the government withdrew US$2.463B.The math is simple, 98% of last year’s oil earnings grabbed and splurged on what citizens are still waiting to know. This is the most illuminating (and angering) part of the PPP/C Government’s withdrawing and spending of the nation’s oil money. To date, it has not informed citizens on how one dollar of the withdrawn funds has been spent. The government’s contemptuous handout of “national development priorities” is not good enough, can never be found acceptable. National development priorities serve as the camouflage for skullduggeries that are still to come to the surface. Where cunning is concerned, there are few better than the PPP/C Government, and when money is involved, then shenanigans and skullduggeries are guaranteed to be a part of the frame.