Guyana records stronger fiscal performance in 2024… Auditor General reports $35.8B positive balance

Guyana’s public financial systems continue to show marked improvement, with the 2024 Auditor General’s Report confirming stronger fiscal discipline and better management of state resources.
According to the report, the Consolidated Fund ended 2024 with a positive balance of $35.879 billion, compared to $30.187 billion in 2023. The report also noted that the Fund was reconciled monthly throughout the year in keeping with the Financial Management and Accountability Act, demonstrating continued efforts to ensure transparency and accountability in government finances.
The report further highlighted that total government bank balances rose by $40.5 billion, moving from $95.951 billion in 2023 to $136.922 billion in 2024. This increase, it stated, reflects stronger liquidity, careful financial planning, and improved cash management across ministries and departments.
In its response, the Ministry of Finance said it is in the final stages of closing inactive accounts and transferring their balances into the Consolidated Fund, a move aimed at streamlining public accounts and enhancing financial control.