Ram questions $89.9B housing spending

(Kaieteur News) – Chartered accountant Christopher Ram has raised fresh concerns over the Government’s reporting of nearly $90 billion spent on the housing sector during the first half of 2026, arguing that the Mid-Year Report fails to clearly show where the money went.

Ram, in a column examining the 2026 Mid-Year Report, said the document reports that $89.9 billion of the $159.1 billion allocated to the housing sector was spent during the first six months of the year to “expand affordable housing for citizens.”

However, he said that description is too broad because the housing programme includes infrastructure, community facilities, industrial areas, Silica City and other major projects. According to Ram, the report does not provide a sufficient breakdown to show how much of the $89.9 billion was actually spent on houses and house lots, how much went towards roads, drains and street lighting, and how much was directed to longer-term developments such as Silica City.