Fiscal Balance in Trinidad and Tobago
Trinidad and Tobago - Fiscal BalanceThe 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
|Fiscal Balance (% of GDP)||-2.9||-2.6||-1.7||-5.4||-9.0|
5 years of economic forecasts for more than 30 economic indicators.
Trinidad & Tobago Facts
|Exchange Rate||6.76||0.39 %||Jan 01|
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