Dear Editor,
Guyana’s 2026 Budget confirms that oil and gas revenues are now a central driver of national development. With GY$495 billion (about 32% of the GY$1.558 trillion budget) transferred from the Natural Resource Fund, petroleum earnings are financing public spending and supporting economic growth.
The economy is projected to expand by 16.2% in 2026, led by a 17.9% growth in the oil and gas sector, while the non-oil economy is forecast to grow by 10.8% . This demonstrates that oil revenues are stimulating broader economic activity, not crowding it out.
Beyond macroeconomic growth, oil and gas companies are contributing to tangible development initiatives. Industry-supported programmes have strengthened STEM education, technical training, and workforce readiness for young Guyanese. Community investments have improved healthcare, infrastructure, and rural livelihoods, including greenhouse farming to boost security.
To ensure today’s oil wealth translates into lasting prosperity, strategic investments in education, healthcare, infrastructure, and economic diversification are essential. Managed prudently, Guyana’s oil moment can become a foundation for inclusive, sustainable development for generations to come.
Sincerely,
Jessica Campbell
