diff --git a/.changelog/unreleased/improvements/4209-increase-max-pgf-actions.md b/.changelog/unreleased/improvements/4209-increase-max-pgf-actions.md
new file mode 100644
index 0000000000..7861cc1ac5
--- /dev/null
+++ b/.changelog/unreleased/improvements/4209-increase-max-pgf-actions.md
@@ -0,0 +1,2 @@
+- Increase the allowed number of PGF targets in a single proposal from 20 to
+  10,000. ([\#4209](https://github.com/anoma/namada/pull/4209))
\ No newline at end of file
diff --git a/crates/governance/src/vp/mod.rs b/crates/governance/src/vp/mod.rs
index 45e13a12e1..61ac79ad20 100644
--- a/crates/governance/src/vp/mod.rs
+++ b/crates/governance/src/vp/mod.rs
@@ -28,7 +28,7 @@ use crate::ProposalVote;
 pub const ADDRESS: Address = Address::Internal(InternalAddress::Governance);
 
 /// The maximum number of item in a pgf proposal
-pub const MAX_PGF_ACTIONS: usize = 20;
+pub const MAX_PGF_ACTIONS: usize = 10_000;
 
 #[allow(missing_docs)]
 #[derive(Error, Debug)]
@@ -505,8 +505,9 @@ where
 
                 if !is_total_fundings_valid {
                     return Err(Error::new_alloc(format!(
-                        "Maximum number of funding actions \
-                         ({MAX_PGF_ACTIONS}) exceeded ({})",
+                        "Maximum number of funding targets \
+                         ({MAX_PGF_ACTIONS}) exceeded by the provided amount \
+                         of ({})",
                         fundings.len()
                     )));
                 }