Latest update May 24th, 2026 12:32 AM
Guyana paid US$264.6M in debt servicing for 2025
Kaieteur News – Guyana’s total debt service payments for 2025 amounted to US$264.6 million, with US$176.6 million paid to external creditors and US$88 million to domestic creditors.
Senior Minister with responsibility for Finance, Dr. Ashni Singh
While presenting the PPP/C Government’s $1.5 trillion national budget for 2026, Senior Minister with responsibility for Finance, Dr. Ashni Singh, said external debt servicing accounted for 66.7% of total payments, while domestic debt service represented 33.3%. He noted that the increase in external payments was largely due to higher bilateral obligations.
The disclosures come against the backdrop of a sharp rise in Guyana’s overall Public and Publicly Guaranteed (PPG) debt, which climbed to US$7.7 billion at the end of 2025, up from US$5.993 billion the previous year.
According to Minister Singh, multilateral creditors held the largest share of external PPG debt at 64%, followed by bilateral creditors at 30.1% and private creditors at 5.9%. On the domestic side, treasury bills (T-Bills) dominated the debt profile, accounting for 82.5%, an increase of 6.2% from a year earlier. Debentures accounted for the remaining 17.5%. Moreover, the finance minister stated that Guyana’s debt sustainability indicators have continued to improve.
“Our government continues to balance the financing of our transformation agenda with the preservation of fiscal and debt sustainability,” Singh told the National Assembly earlier this year. “We remain committed to the responsible and transparent management of public debt within prudent cost and risk parameters.”
A review of figures from the Ministry of Finance’s budget presentations shows a steady and significant increase in Guyana’s public and publicly guaranteed debt over the past five years. At the end of 2020, total PPG debt stood at US$2,592.2 million. This rose to US$3,126.7 million in 2021, before climbing further to US$3,654.9 million at the end of 2022. By the close of 2023, the country’s total PPG debt had reached US$4,508.8 million, followed by a sharp increase to US$5,993.8 million at the end of 2024.
Despite the increased borrowing, Dr. Singh stated that Guyana’s debt is projected to remain sustainable into the medium-term, even as government advances its comprehensive development and transformation programme.
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