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Guyanese Feel the Pinch as Treasury Troubles Spark Fears of Mismanagement

Admin by Admin
November 16, 2025
in News
The Bank of Guyana

The Bank of Guyana

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By Mark DaCosta- Reports indicate that the financial resources of the Guyanese Treasury are under considerable stress, leading to significant delays in payments across various sectors. The recent statements made by Azruddin Mohamed, leader of the We Invest in Nationhood (WIN) party, highlight the pressing issues impacting contractors, public servants, and even those involved in critical services like the school feeding programme. His assertions raise serious concerns about the management of the country’s finances in the lead-up to the pivotal General and Regional Elections in September.

Following the approval of a supplementary budget of $57.5 billion in May, the fallout from this financial strain has become puzzling. Citizens and service providers alike are reporting extended waits for payments that should have been processed promptly. Mohamed pointed out the troubling situation, stating that “Guyanese deserve full transparency on how these funds were used.” His comments are particularly relevant given the timing of the budget allocation, just days before the announcement of the election. The leader of the WIN party questioned whether the enormous financial resources made available were diverted primarily to bolster the People’s Progressive Party (PPP) electoral strategies for another term.

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Compounding these issues is an ongoing narrative about the economic landscape of our country. While Guyana is ranked the world’s fastest growing economy and the government asserts that the economy is on an upward trajectory, ordinary citizens are faced with the harsh reality of escalating living costs and diminishing financial resources.

Mohamed’s statement captures this sense of disillusionment when he remarked, “Despite their claims of a flourishing economy, the average citizen is experiencing financial hardship.” It is a sentiment echoed by many whose livelihoods are currently jeopardised by the government’s socioeconomic policies and ability to manage public funds effectively.

As report after report emanates from public servants and contractors waiting for overdue payments, questions arise regarding the allocation of previously approved funding. Rather than utilising these resources to support the economic needs of our nation, there are growing suspicions that the funds went towards a lavish campaign budget for the PPP re-election bid on September 1, 2025. Supporting this notion, Mohamed recounted remarks made by PPP General Secretary, Mr. Bharrat Jagdeo, who indicated that 2025 campaign budget is the largest in the party’s history. Claims of substantial expenditures — most notably a reported $5 billion — have been vigorously contested, with sources suggesting that the actual figures are far higher.

For the citizens of our country, the consequences of these financial mismanagements are immediate and distressing. Families struggling under the weight of increased living expenses are aching for timely payments that would allow them to meet their basic needs.

With the holiday season approaching, Mohamed implores the government to fulfil its promise of a Christmas cash grant, remarking, “If there is any money left, please deliver on your promise.” This plea encapsulates the growing frustration felt by many as they attempt to navigate these challenging economic waters.

In summary, the financial obligations owed to dedicated service providers remain unfulfilled. The leadership of the WIN party passionately advocates for accountability and transparency as discontent in our nation continues to rise. Without immediate action to address these delays and ernest commitment to responsible management of Guyana’s resources, many fear the anger of the populace will only grow louder.

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