Trinidad and Tobago recorded a Government Budget deficit equal to 2.40 percent of the country's Gross Domestic Product in 2019.

Government Budget in Trinidad and Tobago averaged -0.56 percent of GDP from 1993 until 2019, reaching an all time high of 7.30 percent of GDP in 2008 and a record low of -8.90 percent of GDP in 2017. This page provides - Trinidad and Tobago Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Trinidad and Tobago Government Budget - values, historical data and charts - was last updated on July of 2020. source: Central Statistical Office, Trinidad and Tobago

Government Budget in Trinidad and Tobago is expected to reach -8.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Trinidad and Tobago Government Budget is projected to trend around -7.60 percent of GDP in 2021 and -5.70 percent of GDP in 2022, according to our econometric models.

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Trinidad and Tobago Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-2.40 -3.60 7.30 -8.90 1993 - 2019 percent of GDP Yearly

Trinidad and Tobago Government Last Previous Highest Lowest Unit
Government Debt to GDP 63.20 61.00 63.20 9.50 percent [+]
Government Budget -2.40 -3.60 7.30 -8.90 percent of GDP [+]
Military Expenditure 165.00 203.00 233.00 33.40 USD Million [+]
Government Budget Value -1760.70 2233.30 7897.00 -5107.40 TTD Million [+]
Government Debt 98687.40 101223.00 101223.00 19920.40 TTD Million [+]
Government Revenues 3083.10 5975.70 11120.00 206.10 TTD Million [+]
Credit Rating 52.00 [+]
Fiscal Expenditure 4843.70 3742.40 11061.20 390.60 TTD Million [+]


Trinidad and Tobago Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.