AGP Executive Report
Last update: 3 hours agoBudget 2027: The TT$63.37 billion plan projects a TT$3.64 billion deficit and proposes VAT on foreign digital services, a surcharge on high residential electricity use and higher petroleum-sector levies. PwC warns revenue measures could raise business costs and weigh on investment. State assets: Government plans to seek buyers for the Trinidad Hilton, Magdalena Grand, National Quarries and LABIDCO, arguing private investment can spur growth. Energy: A phased restart of the Pointe-a-Pierre refinery is under review, with proposals from shortlisted investors; ExxonMobil has completed its ultra-deepwater seismic survey and is analysing drilling prospects. Manufacturing: The TTMA welcomed the budget’s focus on production and exports, but says overdue VAT refunds are tying up cash manufacturers need to invest and expand. Tourism: Tobago’s new ANR Robinson airport terminal has opened, while a TT$500 million Marriott resort is planned for Rocky Point, with completion expected by 2029.
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