Parliament approves $54.9B to advance Govt’s development projects

Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh, today successfully piloted Supplementary Financial Paper Number 1 of 2026 totalling $54.9 billion through the National Assembly. The Financial Paper had been presented to the National Assembly on June 5, 2026 by the finance minister and will further advance the government’s development projects and programmes – enhancing citizens quality of life.

The Bill allows for the Government to continue to advance its aggressive housing programme with $17.5 billion approved under the Ministry of Housing – with the goal of constructing 40,000 new homes over this current term. Budget 2026 allocated $159.1 billion to the sector in support of the vision that every single Guyanese will be able to own their own home.

Under the Office of the Prime Minister, supplementary provision of $19.1 billion of additional resources for the Gas-to-Energy Project was approved in alignment with the vision to expand and modernise the energy sector. On the completion of the Gas-to Energy Project, customers on the grid are expected to benefit from a 50 percent reduction in electricity tariffs, the provision of adequate and reliable power and the unlocking of the manufacturing and industrial sector.

An additional $8.5 billion was also approved under the Ministry of Public Works to improve connectivity, including $6 billion for miscellaneous roads and drainage and $2.5 billion for hinterland roads. Under the Ministry of Public Utilities and Aviation, $600 million was approved for the maintenance of coastal airstrips and $496.3 million to support water interventions including water filling stations.

Under the Ministry of Agriculture an additional $8.3 billion supplementary provision was approved, with $3 billion allocated for the Guyana Sugar Corporation (GUYSUCO) which includes a provision for retroactive payments to workers at the entity. Also includes is $807.5 million for the Guyana Rice Development Board and $4.5 billion for the National Drainage and Irrigation Authority (NDIA).

Government will continue to ramp up investments to promote the growth in the agriculture sector, deliver affordable housing, modernise and expand the education and health sector, diversify the energy sector and improve transport connectivity across the country, and enhance the quality of life of all citizens.