State Enterprises’ purchasing power has been shielded largely by the lower rate of inflation prevailing in the domestic economy, compared to other Eastern Caribbean economies ranked by the International Monetary Fund (IMF), as amongst the lowest in the world. In contrast, the IMF, in its July 2025 Update of its World Economic Outlook (WEO), laments…
T&T’s social sector remained a stabilising force in FY 2025, with approximately TT$21.99 billion (about 33% of total expenditure) channelled to key Social Sector Ministries (SSMs) and the THA to protect the vulnerable, build human capital, and sustain community resilience. Over the 2021 to 2025 period, allocations averaged approximately 35% of the national budget, rising…
Fraught with uncertainty and underwhelming, albeit steady performance, the global economy in 2025 will see its slowest growth since the COVID-19 pandemic, stemming primarily from a series of shocks from the United States (US) trade policy and other volatile geo-political tensions around the world. As such, the IMF has forecasted global growth to falter to…
Earlier today, (Monday 15th December, 2025), Minister of Finance, the Honourable Davendranath Tancoo travelled to Panama City, Panama to attend both the Board of Directors and the XLVI Audit Committee (CAU) Meetings hosted by CAF – Development Bank of Latin America and the Caribbean in Panama City, Panama scheduled from 15th -16th December, 2025.The CLXXXVII…
Excerpt: “Moody’s affirmation of Trinidad & Tobago’s Ba2 rating is predicated on the robust credit strengths of our country – including the existence of substantial fiscal buffers such as the Heritage and Stabilisation Fund (HSF) and cash equivalent assets, amounting to 45% of GDP – as well as the expectation of positive oil and gas…
Excerpt: ”The Government has taken note of the planned “day of rest and reflection” by nursing personnel over outstanding wage settlements. While we respect the right to protest, we urge that patient care and essential services be protected at all times.Regional Health Authorities (RHAs) are public sector bodies created under their own Act and are…
Earlier today, Minister of Finance the Honourable Davendranath Tancoo received a courtesy visit from the Ambassador of Panama, His Excellency Diomedes Carles at the Ministry’s Head Office at the Eric Williams Finance Building, Port of Spain. Discussions were centered around existing policies, trade agreements between the both countries, and they reinforced their commitment to further…
On December 05, 2025, the Honourable Davendranath Tancoo, Minister of Finance welcomed His Excellency Guillaume Pierre, Ambassador of the French Republic to Trinidad and Tobago, and other representatives of the French Embassy for a courtesy meeting. Also present, was the Ministry of Finance’s Permanent Secretary, Mrs. Suzette Taylor-Lee Chee. During the discussions, Minister Tancoo highlighted…
The Treasury Division wishes to advise that the payment of Government Salaries and Pensions for September, 2025 will be made on the undermentioned dates: –