Budget 2026 – Ministry of Finance https://www.finance.gov.tt Government of the Republic of Trinidad & Tobago Fri, 19 Dec 2025 18:28:05 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 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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]]> 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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]]> 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
]]> National Budget 2025/26 – T&T First: Building Economic Fairness Through Accountable Fiscal Policies https://www.finance.gov.tt/2025/10/13/https-www-finance-gov-tt-2025-08-22-national-budget-2025-26-tt-first-building-economic-fairness-through-accountable-fiscal-policies/ Mon, 13 Oct 2025 21:20:00 +0000 https://www.finance.gov.tt/?p=45221
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Draft Estimates

Supporting Budget Publications

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NATIONAL BUDGET 2026 PRESENTATION

]]> State Enterprises Investments Programme 2026 https://www.finance.gov.tt/2025/10/13/state-enterprises-investments-programme-2026/ Mon, 13 Oct 2025 21:00:00 +0000 https://www.finance.gov.tt/?p=45298 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.

Click to view
]]> Ministry of Finance Budget Statement 2026 – T&T First: Building Economic Fairness through Accountable Fiscal Policies https://www.finance.gov.tt/2025/10/13/ministry-of-finance-budget-statement-2026-tt-first-building-economic-fairness-through-accountable-fiscal-policies/ Mon, 13 Oct 2025 20:55:50 +0000 https://www.finance.gov.tt/?p=45340 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 full Budget Statement

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