PORT OF SPAIN, Trinidad, Oct 12, CMC – The Trinidad and Tobago government Monday presented a budget of TT$63.3 billion (One TT dollar=US$0.16 cents) to Parliament saying the fiscal package is intended to attract investment, expand production, create employment, strengthen resilience and open new opportunities for citizens and businesses.
In a two and a half hour presentation to Parliament, Finance Minister Davendranath Tancoo said that the budget is based on the assumption that the price for oil is US$77 per barrel compared with US$73.25 per barrel in 2026 and that natural gas price assumption will be US$5.00 per MMBtu, compared with US$4.25 per MMBtu in 2026.
He said as a result of these commodity price estimates, the government expects total revenue TT$59.729 billion, total expenditure of TT$63.368 billion with a fiscal deficit of TT$3.639 billion
Debate on the budget begins on Friday.
Tanco told legislators that the total estimated revenue comprises: oil revenue of TT$14.355 billion, non-oil revenue of TT$45.062 billion and capital revenue TT$ 0.312 billion.
(Details in Business section)
CMC/2026