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Annual Budget Statement


The National Budget is the government's plan of income and expenditure for the year ahead.  The budget is presented by the Ministry of Finance at the beginning of the government's financial year, which runs from October 1st to September 30th.  The budget is usually presented in Parliament by the end of September, but must be presented no later than October 15th every year.  It answers questions such as:

  • How much money does the government spend?
  • Where do my tax dollars go?
  • What services are provided for in the budget?
  • How much money will go to reducing the national debt?
  • How much money will be allocated to areas such as health care, education or fighting crime?
  • Will taxes go up or down?
     



How can I view the National Budget Statement?

The National Budget is available to all members of the public and may be accessed by following the link below.

 

National Budget Statement

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How does the budget process work?

Preparation of the national budget involves a careful process of analysis and consultation, both inside and outside government.  The Minister of Finance and the Budget Division of the Ministry of Finance hold a series of consultations with Ministers, civil servants, staff of the various government ministries and agencies, business and trade associations, non-governmental organisations, community groups, youth groups and professional bodies.  The results of these consultations, combined with analysis and estimates of government revenue, allow the government to determine spending priorities for the following year.

 

After the budget is presented in Parliament, it is debated in both the upper and lower houses and then voted on.  Once the budget is passed, it is implemented by the various government ministries and agencies.

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Where can I find more information?

For further information, please contact:

 

Communication Unit

Level 18
Ministry of Finance

Eric Williams Financial Complex

Independence Square

Port of Spain

Trinidad, West Indies

Tel. (868) 627-9700 ext. 2807-9
Fax. (868) 627-9700 ext. 2810

E-mail: comm.finance@gov.tt

Opening hours: 8:00 am to 4:00 pm, Monday to Friday, except public holidays.

 

Ministry of Finance

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