Finance Minister, Dr Ashni Singh, presented the People’s Progressive Party/Civic’s (PPP/C) largest-ever fiscal framework on Friday – a monumental $1.38 trillion budget for 2025.
With this budget, the government is not just meeting its manifesto promises, but is well on its way to surpassing them, particularly in the housing sector.
At the heart of this year’s budget is a massive $112.6 billion allocation aimed at reshaping the housing landscape in Guyana. The government’s ongoing commitment to affordable housing will see the construction of 1,000 additional homes, pushing the number of house lots distributed to 80,000 – well beyond the original goal of 50,000.
While the government has already delivered more than 41,000 house lots and housing units, the budget will accelerate these efforts with plans to surpass 50,000 by the end of 2025.
Furthermore, there are already plans to acquire land for an additional 30,000 house lots in the months ahead, further cementing the PPP/C’s pledge to provide affordable housing for all Guyanese.
Minister within the Ministry of Housing and Water, Susan Rodrigues, reflected on the budget’s pivotal role in fulfilling the government’s promises during an interview with the News Room on Friday.
“What struck me when the Honourable Minister, Dr Singh, concluded his speech was the simple but profound message – we have delivered,” she said.
“This budget allows us to continue delivering on our commitments – building roads, providing housing, clean water, and supporting farmers and workers.”
Rodrigues assured the public that the government’s efforts are far from finished.
“We’ve already delivered over 40,000 house lots, and we’re on track to surpass the 50,000 mark long before the end of this year,” she confirmed.
“In fact, we’ve already begun planning for another 30,000 house lots to meet demand well into the future.”
