Publication – Ministry of Finance https://www.finance.gov.tt Government of the Republic of Trinidad & Tobago Thu, 26 Mar 2026 00:52:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Estimates of Expenditure for Financial Year 2026 https://www.finance.gov.tt/2026/03/25/estimates-of-expenditure-for-financial-year-2026/ Wed, 25 Mar 2026 20:50:00 +0000 https://www.finance.gov.tt/?p=46319 Click to view ]]> Estimates of Revenue and Expenditure of Statutory Boards and Similar Bodies and THA for Financial Year 2026 https://www.finance.gov.tt/2026/03/25/estimates-of-revenue-and-expenditure-of-statutory-boards-and-similar-bodies-and-tha-for-financial-year-2026/ Wed, 25 Mar 2026 20:21:33 +0000 https://www.finance.gov.tt/?p=46320 Click to view

]]> Details of Estimates of Recurrent Expenditure for the Financial Year 2026 https://www.finance.gov.tt/2026/03/25/details-of-estimates-of-recurrent-expenditure-for-the-financial-year-2026/ Wed, 25 Mar 2026 20:12:00 +0000 https://www.finance.gov.tt/?p=46322 Click to view ]]> Estimates of Revenue for the Financial Year 2026 https://www.finance.gov.tt/2026/03/25/estimates-of-revenue-for-the-financial-year-2026/ Wed, 25 Mar 2026 20:05:00 +0000 https://www.finance.gov.tt/?p=46321 Click to view ]]> Estimates of Development Programme for Financial Year 2026 https://www.finance.gov.tt/2026/03/25/estimates-of-development-programme-for-financial-year-2026/ Wed, 25 Mar 2026 19:57:57 +0000 https://www.finance.gov.tt/?p=46323 Click to view ]]> State Enterprises Investments Programme 2026 (Mobile Version) https://www.finance.gov.tt/2025/12/19/state-enterprises-investments-programme-2026-2/ Fri, 19 Dec 2025 17:15:00 +0000 https://www.finance.gov.tt/?p=45879 Read More+

]]> 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 the significant uncertainty and downside risks due to geopolitical threats and a potentially unclear policy path following political changes in 2024. The IMF also forecasts a decline in energy commodity prices by 2.6% in 2025, influenced by weak Chinese demand and increased supply from non-OPEC+ nations.

Total investment in fixed capital by the State Enterprises sector for fiscal 2025 is projected to be just over $4,092 million. Of that sum, approximately 67 percent is expected to be incurred between the period April to September 2025. Driving the total projection for 2026 is expenditure in the Energy sector, in the vicinity of $1,800 million. Heritage Petroleum Company Limited accounts for the largest share of that sum, amounting to some $1,225 million from retained earnings, mainly on land and drilling projects. At a distant second in the Energy sector, The National Gas Company of Trinidad and Tobago Limited, projects expenditure circa $329 million from retained earnings by the end of fiscal year 2026, 77 percent of which will be concentrated on the Beachfield Manatee Upgrade.

Looking ahead to 2026, the State Enterprises Investment Programme is projected to be just over $3,619 million towards fixed capital. Again, the bulk of this investment, estimated around $1,816 million will be attracted by the Energy sector, with Heritage Petroleum Company Limited taking the lead, with ongoing offshore and land drilling projects. The National Infrastructural Development Company Limited will be advancing the San Fernando to Point Fortin Highway where the priority link is 93% complete.

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]]> Social Sector Investment Programme 2026 (Mobile Version) https://www.finance.gov.tt/2025/12/17/social-sector-investment-programme-2026-mobile-version/ Wed, 17 Dec 2025 18:05:00 +0000 https://www.finance.gov.tt/?p=45840 Read More+

]]> 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 from 32% in FY 2022 to 37% in FY 2023, 38% in FY 2024, before easing to 33% in FY 2025, signalling consistent prioritisation despite tighter fiscal space.

FY 2025 unfolded amid fiscal headwinds and social pressures common across the Caribbean. Even so, the social sector continued to anchor equity, access, and resilience, consistent with the role described in prior SSIPs. The GoRTT budgeted TT$54.224 billion in revenue and TT$59.741 billion in expenditure (deficit TT$5.517 billion; 2.91% of GDP). Within this envelope, SSM’s expenditure solely focused on education, health, social protection, community development, housing, and youth, anchoring inclusive growth and social stability.

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]]> Review of the Economy 2025 (Mobile Version) https://www.finance.gov.tt/2025/12/17/review-of-the-economy-2025-mobile-version/ Wed, 17 Dec 2025 18:00:00 +0000 https://www.finance.gov.tt/?p=45836 Read More+

]]> 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 3.0 percent in 2025. Similarly, the World Bank (WB), expects growth to weaken to 2.3 percent in 2025, with decelerations in most economies as compared to 2024. Despite the weakened outlook, the global economy is not expected to fall into a recession.

For Latin America and the Caribbean, growth is projected to decline from 2.4 percent in 2024 to 2.2 percent in 2025. This decline is largely due to a revision in Mexico’s growth by 1.7 percent for 2025, reflecting weaker-than-expected activity in late 2024 and early 2025, as well as the impact of the US tariffs, related uncertainty and geopolitical rigidities and a tightening of financing conditions. In Advanced Economies, the IMF has projected growth of 1.5 percent in 2025 from 1.8 percent in 2024. For the Euro Zone, growth is projected to marginally increase to 1.0 percent in 2025, from 0.9 percent in 2024. Following a marked slowdown in 2024, growth in Emerging and Developing Asia is expected to decelerate further to 5.1 percent in 2025 from 5.3 percent in 2024, as within this region, the Association of Southeast Asian Nations (ASEAN) countries have been among the most affected by the April tariffs.

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]]> Annual Schedule of Planned Procurement Activities 2026 https://www.finance.gov.tt/2025/12/09/annual-schedule-of-planned-procurement-activities-2026/ Tue, 09 Dec 2025 18:20:56 +0000 https://www.finance.gov.tt/?p=45693 Click to view the Annual Schedule of Planned Procurement Activities 2026

]]> Ministry of Finance Budget Statement 2026 – T&T First: Building Economic Fairness through Accountable Fiscal Policies (Mobile Version) https://www.finance.gov.tt/2025/10/17/ministry-of-finance-budget-statement-2026-tt-first-building-economic-fairness-through-accountable-fiscal-policies-2/ Fri, 17 Oct 2025 21:12:15 +0000 https://www.finance.gov.tt/?p=45469 Read More+

]]> 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 Trinidad and Tobago, by their collective action, gave this UNC Government a resounding mandate to restore good governance, rebuild our economy and improve the lives of every citizen across our beloved nation.

They asked for sincerity and compassion in government. They asked for a credible plan to move Trinidad and Tobago forward.

They asked for jobs, growth, prosperity and social peace.  It is therefore a profound privilege to present the 2026 Budget to this Honourable House.

Click to view the Mobile Version of the 2025 Budget presentation
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