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…
Given the legal mandates, the THA remains committed to providing effective governance by transforming Tobago into “the greatest little island on the planet”. This is done through sustainable development investments in programmes and projects under the Public Sector Investment Programme (PSIP). The PSIP forms the capital investment component of the National Budget and is funded…
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…
During fiscal year 2026, emphasis will be placed on building public institutions and infrastructure, empowering citizens through education and job opportunities, fostering safety and justice within our society while strengthening the economy through diversification, ease of doing business and wider use of advanced technology. To support the implementation of these priorities, an overall 2026 PSIP…
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…
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…
The Honourable Davendranath Tancoo, Minister of Finance as Chief Guest, presented the Feature Address at the Opening Night of the Divali Nagar held on Saturday 11th October, 2025. “…We aspire to cultivate a spirit of togetherness and shared purpose among our fellow citizens..” The Honourable Minister of Finance (L-R): President of the National Council for…
Fear mongering in Trinidad and Tobago is a favourite pastime of PNM puppets and puppeteers.And it is no different with the latest ratings action from Standard & Poor’s, the internationalcredit ratings agency. We have all been conditioned to think and expect the worse when a moredispassionately objective assessment would better serve everyone. Let’s try to…