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The National Assembly today approved Financial Paper Five totalling $3B for the development of new housing areas and improvement to existing areas.

Leader of the Opposition, Robert Corbin asked the Minister of Housing and Water, Irfaan Ali to explain to the House how the provision will be spent.

Minister Ali in his response said that the provision will allow the Government to further satisfy the needs and aspirations of Guyanese and would add to the investment that is necessary to ensure that the housing needs of citizens are satisfied.

“Thousands of Guyanese realised their dreams of owning their homes.

We are committed to the task of ensuring that development is equitable in nature and as such, we would ensure that existing housing schemes are part of the development thrust of this Government and that the people who reside in these schemes also benefit from upgraded infrastructure development,” Minister Ali noted.

Responding to the issue of accountability and transparency, Minister Ali reminded that the current administration is credited for reintroducing the Auditor General’s report and has established the Public Accounts Committee (PAC) that is chaired by the Opposition.

Minister Ali also reminded the House of his speech during the passage of the National Budget earlier in the year, when he said that the housing demand would require far more than $680M that was provided for at that point in time.

During that speech, he also made a call to the Finance Minister that should the economy out-perform the projection, the Housing Ministry will be seeking additional revenue for housing development.

“I am delighted that our economy has out-performed projections and the Ministry of Housing and the people of Guyana can now benefit from this additional funding,” he stated.

A significant sum of the money will go towards the development of road networks in Linden and other areas as well as necessary infrastructure development works along the East Bank Corridor.

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