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…
Budget Statement 2026 – T&T First: Building Economic Fairness through Accountable Fiscal Policies presented by Presented by the Minister of Finance the Honourable Davendranath Tancoo, MP., Minister of Finance in the House of Representatives on Monday, October 13, 2025. Mr. Speaker, I am honoured to deliver the UNC’s inaugural Budget. On April 28, 2025, the people of…
Following four years of turbulence triggered by a devastating pandemic, deepening geo-economic fragmentation, surging inflation, and widespread monetary policy tightening, the global economy in 2024 seems to be trending toward a ‘soft landing’. According to the International Monetary Fund’s (IMF) latest projections, growth for 2024 will hold steady around 3.2 percent owing to markets rebounding as…
Performance under Trinidad’s State Enterprises Investment Programme has remained fairly steady over the years against the ebbs and flows of the international economic landscape. Total investment in fixed capital by the State Enterprises sector for 2024 is projected to be just over$4,200 million. Of that sum, approximately 80 percent is expected to be incurred between…
Performance under Trinidad’s State Enterprises Investment Programme has remained fairly steady over the years against the ebbs and flows of the international economic landscape. Total investment in fixed capital by the State Enterprises sector for 2024 is projected to be just over$4,200 million. Of that sum, approximately 80 percent is expected to be incurred between…
The Government of the Republic of Trinidad and Tobago (GoRTT) Social Sector Investment Programme (SSIP), continues to be of paramount importance in meeting the social protection needs of the vulnerable population. Consequently, the SSIP works to transform Government’s vision for the sustainable development of the society into tangible programmes and projects. These projects and programmes…
According to the Ministry of Finance’s estimates, the Trinidad and Tobago economy is expected to register Real GDP growth of 2.7 percent in 2023, following more moderate growth of 1.5 percent in 2022. The expected outturn for 2023 is premised on an expansion in the Non-Energy Sector, partially counteracted by a marginal decline in the Energy…
The State Enterprises Sector comprises 52 companies of which 40 are wholly owned, eight are majority owned and four of which the Government of the Republic of Trinidad and Tobago (GORTT) has a minority shareholding. A complete list of the State Enterprises is at Appendix I.These entities operate in the energy and energy based, financial…