Latin American Economy & Business - October 2015 (ISSN 1741-7430)

The (new) government of Trinidad & Tobago’s Budget for the September 2016 fiscal year envisages a reduction in the budget deficit from 4.2% of GDP to 1.8% of GDP. However, this assumes that successful implementation of new measures to boost government revenues, and one-off items (including asset sales), raise amounts equivalent to 3.2% of GDP and 8.2% of GDP respectively.