The PPP Civic Administration, through Finance Minister, Dr Ashni Singh, today approached the National Assembly for another $44.443B in supplementary funding, and clearance for some $2.9B in advances taken from the Contingency Fund.
The request comes approximately three months after the National Assembly approved an additional $44.8 Billion for ‘major transformational’ work in the housing, water, education, public works and local government sectors after the $552.9 Billion budget that was approved in February.
According to the financial papers laid in the National Assembly today by Dr Singh, $44.4 billion is being sought largely for infrastructural works.
According to documents, an additional $2.079B is needed as part of the Indian Line of Credit to facilitate advancement of works ongoing on the East Bank-East Coast Demerara Road Linkage.
Under the Ministry of Public Works, another $18.187B is being sought to facilitate the upgrading of miscellaneous roads and drains in various communities; and $938.220M to advance civil works on the Linden to Mabura Road Project.
Notably, an additional $7.243B is being sought under the China Exim Bank Loan Facility to facilitate the mobilization advance on the reconstruction of the Sheriff Street to Orange Nassau on the railway embankment road and Belfield to Orange Nassau on the East Coast Demerara Highway. In total, a whopping $28.449B is being sought for the Ministry of Public Works.
Under the Ministry of Housing and Water, the Government is asking the House to approve $275.980M, which it said is needed to facilitate the completion of water supply interventions in the hinterland areas and the procurement of a new drilling rig.
Also, under the Ministry of Home Affairs, Government is seeking a total of $427.510M for the procurement of vehicles to booth the operational effectiveness of the Guyana Police Force and the ‘closure’ of the Citizen Security Strengthening Programme.
According to the Financial Paper $14.776B is being sought for current projects and programmes while $29.666B is being sought for capital projects.
Meanwhile, Financial Paper No. 2 of 2022 contains advances taken from the Contingency Fund to the tune of $2.904B. The expenditure reportedly took place between August 15, 2022 and November 29, 2022.