Trinidad and Tobago's Ministry of Finance published the finance minister's 2026 supplementary appropriation and mid-year review presentation to the House of Representatives, seeking parliamentary approval for TT$2.927 billion in additional spending through Sept. 30, 2026. The request is split between TT$2.835 billion for recurrent expenditure and TT$92.7 million for the development programme. The review presents a stronger mid-year fiscal position than budgeted, with revenue of about TT$30.1 billion and expenditure of TT$31.8 billion for Oct. 1, 2025 to April 30, 2026, producing a deficit of about TT$1.7 billion. For full-year fiscal 2026, the ministry now projects an overall deficit of TT$7.0 billion, or 4.0% of gross domestic product, down from TT$10.07 billion, or 5.8% of GDP, when the government took office. The update links the supplementary request to social support, wage settlements, debt service, subsidy liabilities and operational pressures across ministries, as well as selected capital projects. Larger recurrent allocations include TT$513.6 million for public utilities, TT$499.9 million for health, TT$454 million for energy subsidy liabilities, TT$362.9 million for works and infrastructure, and TT$197.3 million for housing. Development funding includes TT$30 million for laptops for Form One students, TT$25 million for a Tier 4 data centre, TT$15 million for reconstruction of Scarborough Secondary School and TT$8.98 million for the drainage and irrigation programme. The ministry also reported that revenue measures introduced in January 2026, including the commercial bank asset levy, electricity surcharge and landlord registration fee and business surcharge, have generated about TT$224 million so far. It said the primary deficit has narrowed to about TT$101 million from TT$2.93 billion, while the Heritage and Stabilisation Fund stood at USD6.60 billion as of June 4, 2026. The ministry said the supplementary expenditure will be financed through domestic and external borrowing, including engagement with multilateral development partners. It also said revenue measures introduced in October 2025 should have a fuller effect in the latter part of fiscal 2026 and from fiscal 2027 onward, alongside tax administration modernisation and work on a transfer pricing regime.
Ministry of Finance (Trinidad & Tobago)2026-06-15
Trinidad and Tobago Ministry of Finance seeks TT$2.9 billion supplementary funding and reports a narrower 2026 fiscal deficit
Trinidad and Tobago's Ministry of Finance has asked Parliament to approve TT$2.927 billion in supplementary funding in its 2026 mid-year review. The ministry reported revenue ahead of plan and a projected full-year fiscal deficit of TT$7.0 billion, with the primary deficit narrowing to about TT$101 million. The additional funding is mainly for recurrent spending pressures, subsidy liabilities and selected development projects, and will be financed through domestic and external borrowing.