The National Assembly on Monday approved the $44 billion in supplementary funding which will go towards several developmental initiatives in the housing and water, agriculture, infrastructure sectors, and for projects within Indigenous communities.
The Supplementary Paper No.1 of 2022 was presented to the National Assembly on July 21 by Senior Minister in the Office of the President with responsibility for Finance Dr. Ashni Singh.
The National Assembly approved $21 billion for the Housing and Water sector, which accounts for the most funds. $15.9 billion will go towards the continuation of infrastructural developments in new and existing housing schemes and $5.1b to expand water services across the country.
Approximately $5.49B was approved the agriculture sector, which includes, $300M to promote agriculture development initiatives including support to the fisherfolk, $177M to support the black belly sheep project and $3.4 billion to support the sugar industry.
The Agriculture Minister reaffirmed the government’s commitment to reopening the Rose Hall Estate that which was shut down by the previous APNU+AFC government.
Meanwhile, $4.4B is approved for the Ministry of Public Works to facilitate the upgrading of roads and drains in various communities. $307 million was allocated towards the education sector, which will provide additional resources to facilitate the purchase of school furniture consequent to the reopening of schools in the new COVID-19 environment.
In addition, more resources will be provided in this supplementary to facilitate the construction of a primary school in Wakenaam.