Andrea Perez-Sobers
Senior Reporter
andrea.perez-sobers@guardian.co.tt
Finance Minister Davendranath Tancoo enters today’s Mid-Year Budget Review facing demands from unions, business groups, police officers and the Opposition, all seeking answers on jobs, wages, economic growth and Government spending as Parliament prepares to absorb an additional $2.93 billion in expenditure.
The supplemental allocation approved last week will increase the 2026 Budget from $59.232 billion to approximately $62.162 billion.
Prime Minister Kamla Persad-Bissessar and Tancoo told Parliament the additional funding is largely intended to facilitate salary increases and settlements involving 62,050 unionised workers. Ahead of the review, stakeholders outlined a growing list of expectations for the Finance Minister.
Manning questions figures
Former Minister in the Ministry of Finance and San Fernando East MP Brian Manning said the Government’s request for almost $3 billion in additional funding raises serious questions about the accuracy of the original Budget.
“From the variation and the supplementation bill, they ask for $3 billion extra,” Manning said.
He argued that the development strengthens the People’s National Movement’s long-standing criticism of the 2026 Budget.
“Last year, if you listen to the budget contributions, we said from the beginning that the budget presented last year was both fake and fraudulent. And coming back here at the mid-year point and asking for $3 billion in additional funding gives credence to that accusation,” he contended.
Manning said many of the figures presented during the original budget exercise did not add up.
“The figures and many of the stats that they gave in the previous budget document simply never made sense.”
He added: “The Minister of Finance is either extremely poor at budgeting and forecasting, or he intentionally under-budgeted during the initial budget contribution.”
The Opposition MP also raised concerns about the Government’s financing strategy.
“If you look at the appropriation and variation, supplementation and variation appropriation bill, they have been really funding a lot of the operations from borrowed money, debt, and also from taking almost half a billion dollars out of the employment fund,” Manning stated.
“The employment fund was a half-billion-dollar fund established to create jobs for the people of Trinidad and Tobago. And it has been an abject failure. The fund never functioned. It is now defunct.”
Manning also questioned the timing of Moody’s recent decision to revise Trinidad and Tobago’s outlook from negative to stable.
“I’m a bit concerned about the Moody’s rating. It comes in the wake of the controversy between them and the NGC, where the Government threatened Moody’s not to use them again as the rating agency for the National Gas Company,” he said.
“I find it a bit of a coincidence that after all of this confusion with the NGC, and now just in time for the mid-year review, Moody’s gives the Government an upgraded outlook.”
He noted that the International Monetary Fund has expressed different concerns about the economy.
“For the same economy, the IMF is saying something completely different. So, I’m a bit concerned by Moody’s sudden change of heart in terms of the Trinidad and Tobago economy.”
Jobs at the centre
Manning said employment must be at the centre of today’s presentation.
“What we’d like to see really is more investment in Trinidad and Tobago and more opportunities for the creation of employment. Employment would be the number one issue in Trinidad and Tobago at this point in time.”
He said the concerns raised by constituents have changed dramatically over the past year.
“While the PNM was in office, I would have people coming to my office asking for a house. It has gone from that to people coming to my office saying that they’re unemployed and they cannot find work anywhere.”
“People have become destitute under this Government,” Manning claimed.
He further argued that the administration has focused on the wrong revenue measures.
“The Government decided to ignore those persons who have been dodging taxes in this country regularly and focus on really starving the poor man and small businesses in this country with oppressive taxes.”
Nurses seek
salary roadmap
President of the Trinidad and Tobago National Nurses Association Idi Stuart said healthcare workers are looking for one simple commitment from the Government.
“The association, as we have been repeatedly lobbying for, is a simple statement from the Minister of Finance indicating when healthcare workers who are employed with the regional health authorities would receive a salary increase and also how it will be determined,” Stuart said.
“That’s all we have been asking for.”
He noted that healthcare workers have continued to serve despite years without salary adjustments.
“We are simply asking just to indicate out of respect for the work healthcare professionals have been performing over a decade, while we remain on 2013 salaries.”
“If they could just, in that Mid-Year Budget Review, indicate when and how healthcare workers would receive a salary increase.”
Stuart added: “That is the number one priority right now for healthcare workers.”
Teachers await backpay
Trinidad and Tobago Unified Teachers’ Association president Crystal Bevin Ashe said teachers expect the Government to honour promises already made publicly.
“I would want to believe that there’s some sort of miscommunication between him and the Minister of Finance,” Ashe said.
“So teachers are expecting the backpay as would have been promised to them by the Minister of Finance in the public domain through the media.”
He pointed out that the timeline previously outlined by Tancoo has already passed.
“That has come, and it has gone and we are awaiting the backpay no later than this Mid-Year Review with respect to the budget,” Ashe remarked.
CWU wants answers
Communication Workers’ Union secretary general Joanne Ogeer said workers want clarity on wage negotiations and arrears.
“It is expected that the Government will seek to supplement allocations to meet wage negotiations and pay arrears owed to over 60,000 public servants,” Ogeer stated.
She noted that several unions remain outstanding despite previous settlements involving the Public Services Association.
“Other trade unions, most notably our comrades in TTUTA, have received no such consideration.”
Ogeer said negotiations involving nurses also remain unresolved.
The CWU is also watching the Government’s approach to the Heritage and Stabilisation Fund and future taxation measures.
“It is hoped that the Government desists from implementation of more of these draconian increases during the mid-term review,” Ogeer added.
Chamber pushes
growth agenda
The Trinidad and Tobago Chamber of Industry and Commerce is urging the Government to focus on economic expansion and investment.
“Our members recognise the fiscal realities facing the country and remain committed to investing, employing citizens, expanding exports, and contributing to national development,” Chamber president Karen Yip Chuck said.
“However, businesses across multiple sectors continue to face significant challenges that are constraining growth and limiting their ability to contribute fully to the economy.”
The Chamber believes growth cannot depend solely on future energy projects.
“Manufacturing, tourism, agriculture, technology, logistics, professional services, the creative industries and other export-oriented sectors have demonstrated their ability to contribute meaningfully to economic diversification.”
Yip Chuck also highlighted ongoing liquidity and foreign exchange concerns.
“Businesses continue to identify tight system liquidity and foreign exchange shortages as major constraints on operations, investment, and growth.”
She said delayed VAT refunds continue to affect business activity.
“The prolonged delay in VAT refund payments remains one of the most significant challenges affecting businesses, particularly small and medium-sized enterprises.”
Fuel and policing
concerns
Service Station Owner Dealers Association president Reval Chattergoon is calling on the Government to complete and utilise the Frederick Settlement Liquid Fuels Pipeline facility.
Information provided by the association indicates that the National Petroleum Marketing Company Ltd spends approximately US$1.4 million every month transporting fuel between Point-a-Pierre and Sea Lots using marine vessels.
The association believes operationalising the facility could reduce costs and free up foreign exchange allocations for businesses.
Meanwhile, Trinidad and Tobago Police Service Social Welfare Association president, acting ASP Ishmael Pitt, wants greater attention paid to police infrastructure and operational resources.
“We will want to see an emphasis on police building repairs, basic resources such as printer ink and stationery being looked at as just as important,” Pitt said.
He also called for continued training support and recognition for officers who have worked throughout the State of Emergency.
Finance Minister Davendranath Tancoo declined to comment ahead of the review, saying his position would be outlined when he delivers the Mid-Year Budget Review in Parliament today.
