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Trinidad and Tobago's 2025/2026 budget, delayed to October 13, faces a $9.67 billion deficit amid lower oil revenues.
The Trinidad and Tobago national budget for 2025/2026 is expected to be presented on October 13, according to government sources, after being delayed from an initial October 6 date due to Prime Minister Kamla Persad-Bissessar’s UN trip.
Finance Minister Davendranath Tancoo will deliver his first budget, facing a $9.67 billion fiscal deficit, driven by lower oil and gas prices and revised revenue projections.
A misleading social media post falsely announced the date, causing confusion, but the government confirmed the October 13 date is still pending final approval.
The budget will likely include deficit financing, improved revenue collection, and extended parliamentary debates, possibly into weekends, to meet the month-end deadline.
El presupuesto 2025/2026 de Trinidad y Tobago, retrasado hasta el 13 de octubre, enfrenta un déficit de $9.67 mil millones en medio de menores ingresos petroleros.