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Trinidad and Tobago's 2025/2026 budget projects a $3.865 billion deficit amid debt at 84.4% of GDP and falling reserves.
Trinidad and Tobago’s 2025/2026 budget, approved 28-12 in Parliament, projects a $3.865 billion deficit with a focus on economic diversification, public sector wage increases, and consumer relief.
Despite a $59.2 billion allocation, key promises like a 10% public servant pay rise and higher NIS contributions were excluded from official estimates, raising transparency concerns.
Debt rose to 84.4% of GDP, and foreign reserves fell to $4.8 billion.
The government defends the budget as progressive and fiscally responsible, citing five days of committee review and a national recruitment drive.
Opposition criticism and parliamentary decorum issues have drawn national attention.
El presupuesto de Trinidad y Tobago para 2025/2026 proyecta un déficit de 3.865 mil millones de dólares en medio de una deuda del 84.4% del PIB y la caída de las reservas.