diff --git a/rocclr/device/pal/paldevice.cpp b/rocclr/device/pal/paldevice.cpp
index 5f29fa4460..6f65ad422b 100644
--- a/rocclr/device/pal/paldevice.cpp
+++ b/rocclr/device/pal/paldevice.cpp
@@ -1961,15 +1961,15 @@ bool Device::unbindExternalDevice(uint flags, void* const pDevice[], void* pCont
 }
 
 bool Device::globalFreeMemory(size_t* freeMemory) const {
-  const uint TotalFreeMemory = 0;
-  const uint LargestFreeBlock = 1;
+  constexpr uint32_t TotalFreeMemory = 0;
+  constexpr uint32_t LargestFreeBlock = 1;
 
   // Initialization of heap and other resources because getMemInfo needs it.
   if (!(const_cast<Device*>(this)->initializeHeapResources())) {
     return false;
   }
-
-  Pal::gpusize local = allocedMem[Pal::GpuHeapLocal];
+  // Don't report cached memory in runtime as allocated, since allocedMem tracked at PAL calls
+  Pal::gpusize local = allocedMem[Pal::GpuHeapLocal] - resourceCache().persistentCacheSize();
   Pal::gpusize invisible = allocedMem[Pal::GpuHeapInvisible] - resourceCache().lclCacheSize();
   Pal::gpusize total_alloced = local + invisible;
 
@@ -1987,7 +1987,9 @@ bool Device::globalFreeMemory(size_t* freeMemory) const {
                                   HIP_HIDDEN_FREE_MEM * Ki : 0;
 
   if (settings().apuSystem_) {
-    Pal::gpusize sysMem = allocedMem[Pal::GpuHeapGartCacheable] + allocedMem[Pal::GpuHeapGartUswc] -
+    // Allocated system memory without cached allocations. Don't count persistent and local 
+    Pal::gpusize sysMem = allocedMem[Pal::GpuHeapGartCacheable] + allocedMem[Pal::GpuHeapGartUswc] +
+        resourceCache().persistentCacheSize() -
         resourceCache().cacheSize() + resourceCache().lclCacheSize();
     sysMem /= Ki;
     if (sysMem >= freeMemory[TotalFreeMemory]) {
diff --git a/rocclr/device/pal/palresource.cpp b/rocclr/device/pal/palresource.cpp
index 37b5338921..d4b1141475 100644
--- a/rocclr/device/pal/palresource.cpp
+++ b/rocclr/device/pal/palresource.cpp
@@ -2257,6 +2257,8 @@ bool ResourceCache::addGpuMemory(Resource::Descriptor* desc, GpuMemoryReference*
       cacheSize_ += size;
       if (desc->type_ == Resource::Local) {
         lclCacheSize_ += size;
+      } else if (desc->type_ == Resource::Persistent) {
+        persistentCacheSize_ += size;
       }
       result = true;
     }
@@ -2311,6 +2313,8 @@ GpuMemoryReference* ResourceCache::findGpuMemory(Resource::Descriptor* desc, Pal
       cacheSize_ -= sizeRes;
       if (entry->type_ == Resource::Local) {
         lclCacheSize_ -= sizeRes;
+      } else if (entry->type_ == Resource::Persistent) {
+        persistentCacheSize_ -= sizeRes;
       }
       delete it.first;
       // Remove the found etry from the cache
@@ -2345,9 +2349,12 @@ void ResourceCache::removeLast() {
     if (resCache_.size() > 0) {
       entry = resCache_.back();
       resCache_.pop_back();
-      cacheSize_ -= entry.second->iMem()->Desc().size;
+      auto mem_size = entry.second->iMem()->Desc().size;
+      cacheSize_ -= mem_size;
       if (entry.first->type_ == Resource::Local) {
-        lclCacheSize_ -= entry.second->iMem()->Desc().size;
+        lclCacheSize_ -= mem_size;
+      } else if (entry.first->type_ == Resource::Persistent) {
+        persistentCacheSize_ -= mem_size;
       }
       // Delete Descriptor
       delete entry.first;
diff --git a/rocclr/device/pal/palresource.hpp b/rocclr/device/pal/palresource.hpp
index 0baa761863..ede3b3b0c8 100644
--- a/rocclr/device/pal/palresource.hpp
+++ b/rocclr/device/pal/palresource.hpp
@@ -582,6 +582,7 @@ class ResourceCache : public amd::HeapObject {
       : lockCacheOps_("PAL resource cache", true),
         cacheSize_(0),
         lclCacheSize_(0),
+        persistentCacheSize_(0),
         cacheSizeLimit_(cacheSizeLimit),
         mem_sub_alloc_local_(device),
         mem_sub_alloc_coarse_(device),
@@ -614,6 +615,9 @@ class ResourceCache : public amd::HeapObject {
   //! Returns the size of local memory, stored in the cache
   size_t lclCacheSize() const { return lclCacheSize_; }
 
+  //! Returns the size of persistent memory, stored in the cache
+  size_t persistentCacheSize() const { return persistentCacheSize_; }
+
  private:
   //! Disable copy constructor
   ResourceCache(const ResourceCache&);
@@ -628,6 +632,7 @@ class ResourceCache : public amd::HeapObject {
 
   size_t cacheSize_;            //!< Current cache size in bytes
   size_t lclCacheSize_;         //!< Local memory stored in the cache
+  size_t persistentCacheSize_;  //!< Persistent memory stored in the cache
   const size_t cacheSizeLimit_; //!< Cache size limit in bytes
 
   //! PAL resource cache