The 2024 Auditor General’s Report has revealed a promising fiscal outlook for Guyana, with significant strides made in improving the country’s financial management.
The report shows that the Consolidated Fund ended the year with a remarkable balance of $35.879 billion, a substantial increase from $30.187 billion in 2023.
Moreover, total government bank balances rose by $40.5 billion, reaching $136.922 billion in 2024, thanks to improved cash management and financial planning.
The Ministry of Finance attributes the growth to efforts to close inactive accounts and transfer their balances into the Consolidated Fund, a move aimed at streamlining public accounts and enhancing financial control.
The Auditor General’s findings paint a positive picture, highlighting strengthened financial systems, efficient fund management, and enhanced transparency in national resource stewardship. This progress indicates a promising future for Guyana’s financial sector, with continued efforts expected to maintain this momentum.
Source: guyanachronicle.com
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