Public Sector Investment Programme – Ministry of Finance https://www.finance.gov.tt Government of the Republic of Trinidad & Tobago Wed, 15 Oct 2025 11:39:09 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 Public Sector Investment Programme 2026 https://www.finance.gov.tt/2025/10/13/public-sector-investment-programme-2026/ Mon, 13 Oct 2025 21:00:03 +0000 https://www.finance.gov.tt/?p=45234 Read More+

]]> 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 allocation of $4,100.0 million is proposed for the implementation of programmes and projects by Central Government, Local Government Bodies and the Tobago House of Assembly (THA).

In pursuit of more effective and efficient implementation of capital development initiatives, the Ministry of Planning, Economic Affairs and Development, which has responsibility for managing the PSIP, will be enhancing its strategic approach to the preparation of the Programme. Beginning in fiscal year 2026, it will take steps to shape the PSIP to reflect a medium-term outlook, allowing for more coherent and cohesive planning and the establishment of a robust pipeline of high-impact projects.

In addition, the Ministry will continue to engage the public sector executing agencies with a view to resolving implementation constraints , improving the performance of the PSIP towards achieving development objectives, and accounting for public finances. Further, the Project Planning and Reconstruction Division (PPRD) of the Ministry will persist in working collaboratively with the agencies, providing day-to-day guidance on managing their programmes and projects in the PSIP.

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]]> Public Sector Investment Programme 2025 https://www.finance.gov.tt/2024/09/30/public-sector-investment-programme-2025/ Mon, 30 Sep 2024 14:19:50 +0000 https://www.finance.gov.tt/?p=43905 Read More+

]]> Ministries, Departments and Agencies (MDAs) have been working assiduously to build their capacity to effect the Act in accordance with the Procurement Regulations and the requirements of the Office of Procurement Regulation (OPR). The OPR has been providing guidelines to assist MDAs in undertaking procurement activities. In this regard, the Public Sector Investment Programme 2024 provides further information on the execution of the new procurement system and procedures as they relate to the PSIP. This information can be accessed at: https://planning.gov.tt/sites/default/files/2024%20Public%20Sector%20 Investment%20Programme.pdf, Pages 17 to 21.

Importantly, in an effort to ease some of the procurement challenges, the OPR executed the Public Procurement and Disposal of Public Property (Simplified Procurement) Regulations, 2024 of April 5, 2024. These Regulations can be accessed at: https://oprtt.org/wp-content/uploads/2024/04/Public-Procurement-and-Disposal-of-Public-Property-Simplified-Procurement-Regulations-2024.pdf.

Further, in fiscal year 2025, the Ministry of Planning and Development will continue to convene regular meetings at the Ministerial level with a view to resolving constraints for smoother and increased rates of implementation of the PSIP. Additionally, the Ministry, through the Project Planning and Reconstruction Division (PPRD), will continue to increase its engagement with MDAs to provide day-to-day guidance on project development and management of their respective PSIP allocations. The PPRD will also increase its monitoring of the projects, including sites visits, to ensure prudent financial management and the application of sound project management principles.

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]]> Public Sector Investment Programme 2024 https://www.finance.gov.tt/2023/10/02/public-sector-investment-programme-2024/ Mon, 02 Oct 2023 13:12:48 +0000 https://www.finance.gov.tt/?p=42708

As we move into Fiscal 2024 and thus closer to the end of the Planning Horizon 2021-2025, it is imperative that implementation of initiatives funded through the Public Sector Investment Programme (PSIP) be heightened. This is towards achieving our National Goals as outlined in our National Development Strategy 2016-2030 (Vision 2030), as well as implementing the recommendations of the Roadmap to Recovery Reports (RRR) and the Community Recovery Reports (CRR). Over the next two years, efforts by the Ministry of Planning and Development (MPD) will continue to focus on assisting Ministries, Departments and Agencies (MDAs) in removing bottlenecks to PSIP implementation and overcoming implementation challenges.

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]]> Three-Year Public Sector Investment Programme 2023 – 2025 https://www.finance.gov.tt/2022/09/26/three-year-public-sector-investment-programme-2023-2025/ Mon, 26 Sep 2022 20:22:23 +0000 https://www.finance.gov.tt/?p=41228 Read More+

]]> The formulation of the PSIP 2023-2025 was based on an evaluation and prioritisation of projects against key policy measures and strategies as outlined in Vision 2030. The second planning horizon 2021-2025 was also informed by the Roadmap for Recovery Report (RRR) and Community Recovery Report CRR). Accordingly, the three-year PSIP 2023-2025 focuses on nine (9) development priorities for the medium term 2021-2025 that were detailed in the 2022 PSIP. These priorities have served to align our programmes and projects along with the specific interventions and in keeping with the Goals and Strategies of Vision 2030.

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]]> Public Sector Investment Programme 2023 https://www.finance.gov.tt/2022/09/26/public-sector-investment-programme-2023/ Mon, 26 Sep 2022 19:38:55 +0000 https://www.finance.gov.tt/?p=41211 Read More+

]]> The 2023 PSIP will fund medium-term developmental priorities, seek to create the environment that will enable diversification of the economy, improve social conditions with a focus on youth development at all levels and improve the quality of life of citizens from birth to adulthood. These investments also include initiatives that support rebuilding of the economy, digital transformation and food security, with a focus on youth in agriculture and the modernisation of farming techniques. Focus will also be placed on preserving our social fabric through the development of key sectors such as PUBLIC SAFETY AND CITIZENS SECURITY, MANUFACTURING, CONSTRUCTION, TOURISM, THE CREATIVE AND CULTURAL INDUSTRIES. The development of the green and blue economies will continue with a focus on the management of the effects of climate change and environmental issues, financial services as well as energy and energy industries.

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]]> Public Sector Investment Programme 2022 https://www.finance.gov.tt/2021/10/04/public-sector-investment-programme-2022/ Mon, 04 Oct 2021 23:14:26 +0000 https://www.finance.gov.tt/?p=39581 Click to view ]]> Public Sector Investment Programme Tobago 2021 https://www.finance.gov.tt/2020/10/05/public-sector-investment-programme-tobago-2021/ Mon, 05 Oct 2020 19:58:17 +0000 https://www.finance.gov.tt/?p=38004 Read More+

]]> Strong and robust policy to guide the development of the nation’s economy become more significant in an environment of fiscal constraints whereby investment must yield results.   As such, the emerging programmes must be articulated to achieve the socio-economic objectives of Government’s policy. The Public Sector Investment Programme is a strategic management tool utilise to implement these goals and policies. The projects and programmes are intended to address structural deficiencies in the economy and provide the platform and enabling environment for capital formation, employment, infrastructure development and facilitation of the efficient delivery of public goods and services.  Funding for the PSIP is provided through monetary and fiscal policies instituted by the Government

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]]> Public Sector Investment Programme 2021 https://www.finance.gov.tt/2020/10/05/public-sector-investment-programme-2021/ Mon, 05 Oct 2020 19:51:28 +0000 https://www.finance.gov.tt/?p=38000 Read More+

]]> The Public Sector Investment Programme (PSIP) is a strategic investment plan of the Government of the Republic of Trinidad and Tobago in the formulation of the National Budget which reflects public investment against national priority areas for development. The PSIP comprises programmes and projects of Ministries, Departments and Agencies (MDAs) designed to achieve national strategic objectives and it is funded through the Consolidated Fund (CF) and the Infrastructure Development Fund (IDF).  These programmes and projects are designed to realize the goals set out in Government’s National Development Strategy (NDS) 2016 – 2030 (Vision 2030), which haves also been linked  to the Roadmap to Recovery Committee Report  and Government’s Policy Framework.  The achievements recorded as a result of these investments will be demonstrated improved quality of life, economic development, built infrastructure, employment generation and stronger institutional systems. 

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]]> Public Sector Investment Programme 2020 https://www.finance.gov.tt/2019/10/07/public-sector-investment-programme-2020/ Mon, 07 Oct 2019 22:57:38 +0000 https://www.finance.gov.tt/?p=35186 The Public Sector Investment Programme (PSIP) is a strategic investment management tool used by the Government of the Republic of Trinidad and Tobago to transform its vision and policies into tangible programmes and projects. These projects and programmes are designed to realise the goals set out in Government’s overarching National Development Strategy (NDS) 2016 – 2030 (Vision 2030). The results of which are reflected in improvements in the quality of life, socio-economic built infrastructure and utilises greater efficiency and more effective governance systems.

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]]> Public Sector Investment Programme 2019 https://www.finance.gov.tt/2018/10/01/public-sector-investment-programme-2019/ Mon, 01 Oct 2018 22:27:00 +0000 https://www.finance.gov.tt/?p=36548 Public-Sector-Investment-Programme-2019 ]]>