Guyana’s National Assembly has approved Supplementary Financial Paper No. 1 of 2026, authorising an additional $54.9 billion in public expenditure to advance key national development initiatives across housing, energy, agriculture, infrastructure and public services.
The supplementary allocation, successfully piloted by Senior Minister in the Office of the President with Responsibility for Finance, Dr. Ashni Singh, provides additional funding for strategic projects aimed at strengthening Guyana’s economic transformation while improving the quality of life for citizens.
A significant portion of the allocation—$19.1 billion—will support the Gas-to-Energy Project under the Office of the Prime Minister. The flagship initiative is expected to reduce electricity tariffs by approximately 50 percent upon completion, while delivering more reliable power and creating the conditions for expanded manufacturing and industrial development.
The Government’s housing programme also received a substantial boost, with $17.5 billion approved for the Ministry of Housing. The additional funding supports the administration’s goal of constructing 40,000 new homes during its current term. The allocation complements the $159.1 billion already earmarked for the housing sector in Budget 2026 as part of efforts to increase homeownership opportunities for Guyanese.
Infrastructure development remains another major priority under the supplementary budget. The Ministry of Public Works received an additional $8.5 billion, including $6 billion for roads and drainage improvements and $2.5 billion for hinterland road development to enhance connectivity across the country.
Meanwhile, the Ministry of Public Utilities and Aviation secured $600 million for the maintenance of coastal airstrips and $496.3 million for water sector interventions, including the expansion of water filling stations.
Agriculture also benefited from the supplementary allocation, with $8.3 billion approved for the sector. The package includes $3 billion for the Guyana Sugar Corporation (GuySuCo), which will facilitate retroactive payments to workers, $807.5 million for the Guyana Rice Development Board, and $4.5 billion for the National Drainage and Irrigation Authority (NDIA).
The Government said the additional resources will help sustain investments in critical sectors, including agriculture, affordable housing, energy, education, healthcare and transport infrastructure, while supporting continued economic growth and national development.
The supplementary financing, first presented to the National Assembly on June 5, 2026, reinforces the administration’s commitment to accelerating transformational projects designed to strengthen Guyana’s investment climate, modernise public infrastructure and improve living standards nationwide.
