Fiscal Balance in Trinidad and Tobago

Trinidad & Tobago Fiscal Balance | Economic News & Forecasts

Trinidad and Tobago - Fiscal Balance

The economy looks to have remained muted in the second quarter, following three straight quarters of contraction, although comprehensive data is yet to be released. Production of LNG, natural gas and oil, as well as cement exports, declined in Q2, although ammonia exports rose year-on-year. Turning to the third quarter, economic activity looks to have fared better, as LNG production rebounded solidly and local cement sales grew firmly, boding well for the construction sector. Meanwhile, the recently announced 2020 budget proposed increasing the minimum wage and tax incentives for energy companies, which should help alleviate weak domestic demand and increase energy sector revenues going forward.

Trinidad & Tobago - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.9  -2.6  -1.7  -5.4  -9.0  

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Trinidad & Tobago Facts

Exchange Rate6.760.39 %Jan 01

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