Latest update September 6th, 2026 10:45 AM
Feb 15, 2026 News
(Kaieteur News) – Following a strenuous 10 days of reviewing this year’s National Budget in Parliament, the Assembly dived straight into Financial Paper Number Two of 2025 relating to an additional $18.8B spent by the government of Guyana in the latter half of the year from the Contingency Fund.
The legislation provides for advances to be made from the Contingency Fund to meet urgent, unforeseen, and unbudgeted expenses.
Opposition Members of Parliament (MPs) called for a division, prompting an individual voting process on the $18.8B expenditure.
Scrutiny of the Financial Paper commenced around 11pm on Friday evening and concluded just after midnight, following the report by the Clerk of the National Assembly, Sherlock Isaacs that 28 members voted against and 35 in favour of the Motion.
The Financial Paper Number Two of 2025 covered the period November 18 to December 16. It was tabled in the National Assembly on January 26 when the Minister of Finance Dr. Ashni Singh presented this year’s Budget- the first Sitting of the Assembly for 2026.
The financial paper catered for $10.5 billion under the Ministry of Public Works for the provision of additional resources to execute the Ministry’s expanded work programme such as highway improvement on the East Coast of Demerara, miscellaneous roads and drainage, hinterland roads, sea and river defence works and works on stellings and government buildings.
Meanwhile, under the Ministry of Human Services and Social Security, the financial paper made provision for additional resources for the payment of Old Age Pensions and Public Assistance to the tune of $5.4 billion and $1.4 billion was catered for under the Ministry of Education for the provision of additional resources to facilitate an expanded work programme specifically dietary for primary education.
Under the Ministry of Housing, the financial paper provided $640 million toward additional resources to facilitate an expanded work programme in relation to hinterland water supply, water service expansion and management.
The financial paper also catered for $548.8 million to cater for expanded work programmes in Regions One, Two, Five Seven, Eight and Nine mainly in the areas of health and education as well as for other activities including national and other events, local travel and subsistence and cleaning and extermination services.
Notably, the 2025 Budget was approved and passed by the National Assembly on February 6, 2025. Mere months later, on May 23, the Committee of Supply approved $57.5 billion more to support four state agencies.
This means that government increased its spending power in the election year to a massive $1.458 trillion, considering the two additional financial papers.
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