Govt seeks $54.9B supplementary funding for GtE, housing, agri projects 

The Guyana Government has approached the National Assembly, seeking approval for some $54.9 billion in supplementary funding to support critical development projects and programmes such as its highly anticipated Gas-to-Energy (GtE) initiative.
Senior Minister with Responsibility for Finance, Dr Ashni Singh, tabled Supplementary Financial Paper Number 1 of 2026, totalling $54,889,259,163, for the period ending December 31, 2026, in the National Assembly on Friday afternoon. The supplementary paper will be considered by the House at the next sitting.
Included in the Financial Paper is the sum of $19.1 billion that is being sought under the Office of the Prime Minister to cater to additional resources, including the Government’s flagship Gas-to-Energy Project, which is expected to reduce electricity costs for citizens by half when it comes on stream. This will add to the $10.7 billion allocated in Budget 2026 to advance the project.
Located at Wales, West Bank Demerara, the GtE Project comprises a 300-megawatt (MW) combined cycle power plant and a Natural Gas Liquids (NGL) facility which will utilise the rich natural gas that will be piped from the Stabroek Block offshore Guyana. The power plant is slated to start producing power by the end of this year.
The power generation component will utilise four SGT-800 gas turbines and two steam turbines. Earlier this year, it was reported that all four gas turbines were installed while works are currently ongoing for the installation of the steam turbines.

Currently, United States-based Lindsayca, which is developing the integrated gas processing facility, is accelerating works at the Wales site to meet the year-end timeline. Only recently, the contractor successfully installed all four heat-recovery steam generator (HRSG) bypass stacks.
“Activity continues across the site as progress advances on multiple fronts,” the company said last month, adding in another update on Friday that “…many efforts taking place simultaneously across the GTE project, from structural works and substation activities to the installation of major equipment.”

Housing
Meanwhile, the National Assembly is also being requested to consider a supplementary provision of $17.5 billion for the housing sector to cater for an accelerated work programme.
In the People’s Progressive Party/Civic’s (PPP/C) 2026 manifesto, the party outlined its plan for affordable homes and stronger communities through measures such as expanding its housing programme, constructing 40,000 new homes, working to ensure it eliminates the backlog of applications in all regions and fast-tracking all pending housing applications. Already, some $159.1 billion was earmarked in Budget 2026 this year for the housing sector.
Additionally, $8.5 billion is being sought under the Ministry of Public Works, including $6 billion that caters to miscellaneous roads and drainage and $2.5 billion for hinterland roads as the Government continues to improve connectivity across all regions of the country.

Agricultural provisions
Moreover, this first financial paper for the year also includes supplementary provisions to the tune of $8.3 billion under the Ministry of Agriculture, including $807.5 million for the Guyana Rice Development Board (GRDB), $3 billion for the Guyana Sugar Corporation (GUYSUCO) and $4.5 billion for the National Drainage and Irrigation Authority (NDIA) to support the agriculture sector.
Under the Ministry of Public Utilities and Aviation, a further $600 million is being requested for the provision of additional resources to facilitate maintenance of coastal airstrips and $496.3 million to support water interventions, including water filling stations.
The National Assembly is also being requested to consider a supplementary provision of $60 million for the Ministry of Home Affairs to facilitate its accelerated work programme for the Customs Anti-Narcotics Unit (CANU).
According to the Finance Ministry, the Minister is seeking Parliamentary consideration and approval for development support as the Government’s projects and programmes continue countrywide during the PPP/C’s newly elected term in office.
It noted that the Government has, over the last five years and continuing in its new term, ramped up investments to strengthen, expand, and rehabilitate the country’s drainage and irrigation (D&I) infrastructure; promote growth in agriculture; improve access to world-class healthcare; expand housing areas and road networks across the country; modernise and expand the education sector to ensure persons have free access to education from nursery to the tertiary level; modernise and diversify the electricity sector; digitise processes for access to goods and services across all sectors; and generally improve the quality of life being enjoyed by citizens.
“The sums requested in the financial paper support these intensified investments,” the Ministry stated.