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Gov’t. seeking $57.5B more, three months after passing Budget 2025
…$28.8B being sought for GTE project
Kaieteur News- Minister of Finance, Dr. Ashni Singh on Friday, tabled Supplementary Paper Number One of 2025 in the National Assembly, seeking an additional $57.5 billion more, a mere three months after passing this year’s national budget.
According to the financial paper seen by this newspaper, the government is seeking a total of $57,492,615,275 to support the activities of state bodies. These include, the Office of the Prime Minister (OPM); the Ministry of Public Works; Ministry of Human Services and Social Security and the Ministry of Housing and Water.
Finance Minister, Dr. Ashni Singh
Included in the $29.5 billion supplementary provision for OPM is $3 billion in additional resources for the $100,000 cash grant and $28.8 billion more for the Gas-to-Energy (GTE) project.
The Ministry of Public Works is set to receive another $4,952,000,000 for roads and sea defence works; while $217,456,275 is requested by the Ministry of Human Services.
The housing ministry is seeking $12 billion more to facilitate an expanded work programme.
In total, the government is requesting $11,017,456,275 for current estimates and $46,475,159,000 for capital estimates.
The finance minister has asked the National Assembly to consider the financial paper at the next sitting of the parliament.
The move by government to seek additional financial resources comes just three months after the $1.382 trillion budget was approved in the National Assembly.
This year’s budget was passed on February 5, 2025 following five days of debates and four days of deliberations by the Committee of Supply, where parliamentarians carefully scrutinised budgetary allocations for each agency.
Dr. Ashni Singh presented the budget on January 17, under the theme ‘A Secure, Prosperous and Sustainable Guyana.’
Notably, the budget is 20.6 per cent larger than last year’s fiscal framework, which was $1.146 trillion.
After the consideration of the financial paper, this year’s budget will be increased to a massive $1,439,492,615,275.
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