As Finance Minister Davendranath Tancoo rises today to present the Government’s 2027 Budget, the country will no doubt hear about billions of dollars in spending, allocations and fiscal measures. But the most important question is not how much money was spent in 2026. It is what the country has to show for it.
Taxpayers deserve to know whether the resources committed in last year’s Budget produced tangible benefits, advanced development goals and improved the lives of citizens.
They are equally entitled to know what was not accomplished and why.
This principle applies across government. In the case of the reported $800 million spent on police overtime over the past two and a half years, the critical question is whether that expenditure delivered results.
Has it significantly weakened criminal gangs, improved the detection and prosecution of offenders and enhanced public safety? Large sums of scarce public funds must be judged not by the size of the outlay but by the value they provide.
The same scrutiny should be applied to development spending. Reports indicate that of the $5.6 billion allocated for development projects in the 2026 Budget, approximately $1.7 billion remained unspent.
The public deserves an explanation. What was achieved with the $3.9 billion that was utilised? Why were projects delayed or abandoned? What opportunities for growth, job creation and infrastructure improvement were lost as a result?
These are not simply accounting questions. Development spending is intended to stimulate economic activity, improve productivity and lay the foundations for long-term growth.
If substantial allocations remain idle, citizens are entitled to know why and what corrective measures are being taken.
Ultimately, the success of public expenditure must be measured by outcomes. Has government spending strengthened the productive sectors of the economy? Has it encouraged entrepreneurship, expanded exports and created sustainable employment? Has it improved opportunities for graduates and young people entering the workforce? These are the indicators that matter most.
The Budget must also confront the persistent burden posed by state utilities that continue to depend heavily on public subsidies. Taxpayers contribute hundreds of millions of dollars annually to organisations such as WASA and T&TEC, yet service deficiencies remain commonplace. A credible plan to reduce these financial burdens while improving service delivery would be a welcome feature of today’s presentation.
The broader economic environment makes these questions even more urgent. Assessments by the Central Bank and the International Monetary Fund point to slowing growth, weak non-energy activity and continued dependence on the energy sector. The IMF’s projection of 0.8 per cent growth in 2026 serves as a reminder that the economy remains vulnerable and in need of diversification.
Against this backdrop, Budget 2027 must do more than balance revenues and expenditures. It must provide a credible roadmap for diversifying the economy, boosting productivity, attracting investment and creating sustainable jobs. When the speech ends and the numbers are tallied, the ultimate test will be simple: does this Budget offer a clear path to stronger, more resilient economic growth?
The country deserves an answer.
