{"id":33072,"date":"2026-11-11T18:49:53","date_gmt":"2026-11-11T22:49:53","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=33072"},"modified":"2026-11-11T18:49:53","modified_gmt":"2026-11-11T22:49:53","slug":"finance-minister-tables-2026-mid-year-report-in-the-national-assembly","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/finance-minister-tables-2026-mid-year-report-in-the-national-assembly\/","title":{"rendered":"Finance Minister tables\u00a02026 Mid-Year Report in the National Assembly"},"content":{"rendered":"
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–Report\u00a0highlighted\u00a0massive\u00a0transformation\u00a0achieved\u00a0under\u00a0the\u00a0PPP\/C\u00a0Government<\/em><\/p>\n\n\n\n

Senior Minister in the Office of the President\u00a0with Responsibility for Finance Dr. Ashni Singh\u00a0today tabled the\u00a02026 Mid-Year Report which\u00a0had\u00a0highlighted\u00a0that for the first half of this year\u00a0Guyana’s economy maintained strong, broad-based growth\u00a0with\u00a0the real economy estimated to have recorded 33.3 percent growth\u00a0and\u00a0the non-oil economy 10.1 percent\u00a0growth.\u00a0According to the 2026 Mid-Year Report, investment continued to climb\u00a0in the first half of the year, driven by both public and private sector activity\u00a0whileGovernment\u2019s\u00a0capital expenditure reached\u00a0nearly $250 billion,and private sector credit grew\u00a0by\u00a011.5 percent over the\u00a0reviewperiod.\u00a0The Report\u00a0reflected\u00a0Government’s deliberate strategy of converting oil and gas revenue into lasting national development.\u00a0
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Senior Minister in the Office of the President\u00a0with Responsibility for Finance Dr. Ashni Singh\u00a0<\/figcaption><\/figure>\n<\/div>\n\n\n

Further, based on the developments in the first half of this year, real GDP growth for 2026 has been revised upward to 20.8percent and non-oil growth is now projected at 10.2 percent. The Report also highlighted once again the People\u2019s Progressive Party\/Civic\u2019s (PPP\/C\u2019s) commitment to sustaining high economic growth, while maintaining fiscal discipline and safeguardingGuyana\u2019s long-term stability. Additionally, the Government continues to emphasise sustainability in the management of Guyana\u2019s public debt, even as the implementation of ambitious policies and programmes continue. <\/p>\n\n\n\n

The recent International Monetary Fund (IMF) 2026 Article IV Mission Staff concluding statement released at the end of Julypointed out that \u2018Guyana\u2019s economy continues to expand at a very rapid pace, supported by robust oil and non-oil activity. Real GDP grew by over 19 percent in 2025, following average growth of nearly 40 percent during 2023\u201324\u2019 it added that \u2018Oil production exceeded expectations and surpassed 900,000 barrels per day by the end of 2025\u2014an impressive 35 percent increase over one year, with similar volumes recorded in the first half of 2026\u2019. The report noted that \u2018encouragingly, broad-based growth in the non-oil economy continued at about 14 percent, with construction remaining the largest driver, and agriculture, mining, and manufacturing also contributing meaningfully\u2019. The IMF Article IV Report further added that \u2018Prudent macroeconomic policies continue to support growth. Building on the Low Carbon Development Strategy 2030, the government\u2019s five-year development plan maintains a welcome focus on economic diversification, resilience, and sustainability. Continued accumulation of oil revenue in the Natural Resource Fund (NRF) is helping build external and fiscal buffers, while large investments in physical and human capital are supporting non-oil growth and improving outcomes, especially in health and education\u2019.<\/p>\n\n\n\n

It can be recalled that\u00a0Dr. Singh\u00a0in\u00a0his\u00a0Budget\u00a02026\u00a0presentation\u00a0had noted that\u00a0Government continues to\u00a0prioritise\u00a0\u201cinvestments that directly promote economic growth, accelerates the transformation of our country, enhances\u00a0human capital and improves social well-being\u201d.\u00a0It supports an education\u00a0and training system that equips our children and young people with relevant skills\u00a0for a modern, diversified economy; a health system that is more accessible, resilient, and responsive; and social protection mechanisms that provide dignity, security, and support for the most vulnerable among us. These are not expenditures of convenience, they are investments\u00a0in productivity, resilience, and a better Guyana, a Guyana where all can prosper, and a Guyana where ability and effort are rewarded.\u00a0This is the Guyana we arebuilding\u201d.\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/em>
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(MINISTRY OF FINANCE PRESS RELEASE)<\/p>\n\n\n

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–Report\u00a0highlighted\u00a0massive\u00a0transformation\u00a0achieved\u00a0under\u00a0the\u00a0PPP\/C\u00a0Government Senior Minister in the Office of the President\u00a0with Responsibility for Finance Dr. Ashni Singh\u00a0today tabled the\u00a02026 Mid-Year Report which\u00a0had\u00a0highlighted\u00a0that for the first half of this year\u00a0Guyana’s economy maintained strong,…<\/p>\n","protected":false},"author":1,"featured_media":33073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[536,350],"tags":[488,1262,448,412,405],"class_list":["post-33072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-news","tag-488","tag-mid-year-report","tag-ncn","tag-ncn-guyana","tag-ncn-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/33072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=33072"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/33072\/revisions"}],"predecessor-version":[{"id":33074,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/33072\/revisions\/33074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/33073"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=33072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=33072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=33072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}