AGP Executive Report
Last update: 2 hours agoBudget & Taxes: Trinidad and Tobago’s TT$63.37 billion 2027 budget targets a smaller deficit and backs manufacturing and exports, while adding VAT to foreign digital services and a surcharge on high electricity use. Business groups want clearer plans and faster VAT refunds. State Assets: Government plans to divest Hilton Trinidad, Magdalena Grand, National Quarries and LABIDCO. La Brea residents and hotel workers fear job losses, while critics warn of a fire sale. Economic Outlook: Opposition Leader Pennelope Beckles says T&T is in recession, citing economic contractions; the Government disputes her claim. The IMF projects 2.2% growth for T&T in 2027. Diversification & Energy: Economist Vanus James argues weak policymaking—not energy dependence alone—has held back diversification. Government says the refinery restart process will advance this fiscal year, but an economist warns foreign-exchange shortages will persist despite higher gas output.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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