The Government of Guyana says it remains firmly committed to managing the country’s oil and gas wealth in a way that secures robust economic benefits for future generations.
Presenting Budget 2026 to the National Assembly on January 26, Senior Minister in the Office of the President with responsibility for Finance, Dr. Ashni Singh, said the administration’s strategy is centered on resilience, diversification, and long-term prosperity.
“We are committed to doing all that is needed to ensure that Guyana becomes and remains globally competitive… Our government continues to take deliberate actions to ensure that Guyana’s oil and gas wealth is managed in a manner that delivers tangible and lasting benefits to the Guyanese people,” Dr. Singh said.
The Finance Minister explained that Guyana’s oil revenues are being leveraged to build an economy capable of withstanding external shocks.
The government’s vision, Dr Singh noted, includes “free access to world-class education, skills training, expanded employment opportunities, and stronger support for entrepreneurship, particularly for young and first-time business owners”.
“This is the Guyana we are building,” he said, adding that citizens must be able to acquire assets, accumulate savings, and create long-term financial security.
Guyana’s economy is projected to grow by 16.2% in 2026, with the oil and gas sector remaining the dominant driver of expansion. Oil output is projected to average about 840,000 barrels per day (b/d) in 2026, up from an estimated 715,000 b/d in 2025, as production stabilizes at ExxonMobil’s Yellowtail project and the Uaru project is commissioned.
An estimated 261.1 million barrels of oil were produced in 2025.
According to Dr. Singh, economic volatility remains an unavoidable reality, citing fluctuating commodity prices, climate risks and geopolitical uncertainty. However, he stressed that resilience is essential if oil-driven gains are to remain sustainable, noting that Guyana is approaching a historic milestone.
