TT Mid-Year Revised Estimates 2019

Trinidad & Tobago (TT Mid-Year Review 2019) Ministry of Finance states in its (May 3, 2019) Presentation of the 2019 Mid-Year Budget Review; “Total expenditure has been revised upwards to $52.07 billion, an increase of approximately $300 million over the budgeted 2019 expenditure of $51.77 billion.” Whereas, on the said site, in its (Oct 1, 2018) Budget Statement 2019; Estimates of total expenditure is recorded at TT$55,582,977,415 with a foot note stating, “Development Programme Expenditure of $2,402,453,000 excludes the sum of $2,797,547,000 which is funded from the Infrastructure Development fund.”

TT Mid-Year Review 2019

The World Bank forecasts global growth, after reaching 3.1 percent in both 2017 and 2018, is expected to decelerate to 2.9 percent in 2019 and over the next two years as global slack dissipates, major central banks remove policy accommodation, and the recovery in commodity exporters matures. Moderating activity and heightened risks are clouding global economic prospects. International trade and investment have softened, trade tensions remain elevated, and some large emerging market and developing economies (EMDEs) have experienced financial market pressures.

Regulations

Governance: The very necessary bureaucracy to envision, effect, plan, CONTROL and secure society’s future.

Fiscal Policy: The rules to preserve and manage pensions and gratuities, public debt and debt servicing, and free cash flow.

Economic Drivers: The national benefit from productivity measured by GDP, structured within SIC, to fund public revenue and budgeted expenditure.

Infrastructure Management: The design, plan, construct, commission, maintenance, monitor and report of society’s fixed assets.

Human Development: The Health and Education policies to physically and mentally develop and strengthen the human being.

Resource Preservation: The enforcement of existing laws by various arms of national security and the police.

Climate Change Opportunities

Infrastructure, for the new climate reality, must be strengthen, to grow and deliver dependability, to protect people and property, to combine multiple utilities and to produce needed skills. Education must fashion icons and mentors to fuel national economic growth, through individuals that can be accredited at any stage of life to fill new jobs and promote new opportunities. Healthcare is to manage productive adults via proper Nutrition, requiring healthy plants and animals, while persons suffering illness or injury will need Emergency and Rehabilitation, and Diagnosis and Treatment via Regular medical checkups, to best preserve physical and mental well-being. Security is to sustain and improve standards of living, by identifying dangers and executing a nation’s strategic development plan.