Deficit Budget for fiscal 2019-2020

Deficit Budget for fiscal 2019-2020

Minister of Finance Colm Imbert has based his revenue and expenditure on an estimated oil per barrel cost of US $60 and natural gas cost of US $3.00 mmbtu.

Revenue will total 47.749 billion dollars and includes the following:

  • Oil: 11 billion
  • Non-oil: 35.795
  • Capital 0.95 billion

Expenditure will total TT $53.036 billion and the major sectors will be divided as follows:

  • Education: 7.548 billion
  • Security: 6.440 billion
  • Health: 6.048 billion
  • Public Administration: 3.0487 billion
  • Works and Transportation: 2.956 billion
  • Local Government: 2.469 billion
  • Housing: 1.007 billion
  • Agriculture: 070 billion

The deficit will be TT $5.287 billion.

COMMENTS

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