Governance 2019

(An extract from Foreign Direct Investment 2019)

A nation, the majority of its population, with a clear understanding of the structure and responsibility of society will benefit from lower crime rates, a fairer distribution of wealth, and many more people, for the right reasons, offering themselves for public office. An indoctrination takes place upon joining new (educational or work) institutions; outlining code of ethics and procedural guidelines to direct acceptable behavior and maintain order. Governance is even more important and necessary for nation building. Hence, the need for civics lessons throughout the voting population. This category, allocated 4.33% of the nation’s total expenditure, as reported by the office of the Auditor General 2017 and 4.49% in the 2018 revised estimates, while estimating 4.69% for 2019 up by 6.75%, as published by the Ministry of Finance, consist of positions, offices, agencies and ministries that monitors good, moral and ethical, behavior. Such as; Ministry of Public Administration with The Personnel Department, Ministry of Communications, The Judiciary & The Industrial Court, Ministry of the Attorney General and Legal Affairs, Other Heads of Expenditure involved in Governance, The Office of the Prime Minister, and The President & The Parliament.

Fiscal Policy 2019

(An extract from Foreign Direct Investment 2019)

The nation, the state, the citizenry, the people must be taught and constantly reminded to appreciate that their very well-being, their basic standard of living, and any expansion in their nation’s economy depends on sound fiscal policy. The means by which spending adjustments to Resource Preservation, Human Development, Infrastructure Management, Economic Drivers, Fiscal Policy and Governance are made bringing expenditure into line with expected revenues to influence economic growth, controlled by the elected branch of Government, the executive cabinet, under the direction of a Minister of Finance. Fiscal policy, functioning on a budgetary allocation; 30.15% of the nation’s total expenditure, as reported by the office of the Auditor General 2017 and 32.48 in the 2018 revised estimates, while estimating 30.19% for 2019 down by 4.91%, as published by the Ministry of Finance. This category, comprises the Ministry of Finance, Charges on Account of the Public Debt and Pensions and Gratuities, must focus efforts on increasing productivity and revenue collection while, reducing the nation's debt and debt servicing expense.

Economic Drivers 2019

(An extract from Foreign Direct Investment 2019)

The nation's revenue generating activities are encouraged and facilitated via Economic Drivers, which designs, implement and review the conditions for investment, employment and, the resulting, taxation earnings. Economic Drivers operated on 4.17% of the nation’s total expenditure, as reported by the office of the Auditor General 2017 and 3.39% in the 2018 revised estimates, while estimating 4.53% for 2019 up by 36.74%, as published by the Ministry of Finance. These Economic Drivers are administered by the Ministries of Planning and Development, Energy and Energy Industries, Foreign and CARICOM Affairs, Labour and Small Enterprise Development, Tourism, Trade and Industries, Agriculture, Lands and Fisheries. The resulting, taxation earnings revenue, to offset its total annual expenditure, comes from the collections of taxes, duties and royalties; taxes on (personal income) salaries and wages, on (consumption) sales and value added, on (operations) business levy and green fund, on (corporation) profits, etc.

Infrastructure Management 2019

(An extract from Foreign Direct Investment 2019)

In times of economic growth, infrastructure should be expanded. In times of economic declines, infrastructure must be preserved; efficiently utilized and maintained. The nation’s housing stock, buildings and general monuments, water and electricity supplies, roads and bridges, and other miscellaneous items needs urgent attention. Utilizing 20.40% of the nation’s total expenditure, as reported by the office of the Auditor General 2017 and 20.33% in the 2018 revised estimates, while estimating 20.74% for 2019 up by 4.36%, as published by the Ministry of Finance, the Infrastructure Management category consist of funds transferred to the Tobago House of Assembly, the Ministries of Rural Development and Local Government, Housing and Urban Development, Public Utilities, and Works and Transport.