Be­tween 2010 and 2024, the Gov­ern­ment of T&T spent ap­prox­i­mate­ly $798.3 bil­lion, yet earned on­ly $712.9 bil­lion, lead­ing to no­table deficits.

In 2010, un­der the Peo­ple’s Part­ner­ship (PP), the gov­ern­ment’s ex­pen­di­ture was at its low­est—just $43.6 bil­lion. How­ev­er, by 2014, gov­ern­ment spend­ing surged to $63.9 bil­lion, mark­ing a peak dur­ing the same ad­min­is­tra­tion.

Fast for­ward to 2022, and the Peo­ple’s Na­tion­al Move­ment (PNM) reached a his­toric mile­stone, with gov­ern­ment rev­enues hit­ting an im­pres­sive $58.3 bil­lion—the high­est of the en­tire pe­ri­od. The year 2020, un­der the strain of the COVID-19 pan­dem­ic, saw the sharpest dip, with rev­enue plum­met­ing to just $33.4 bil­lion. In this year, the Gov­ern­ment al­so faced the largest deficit in the span of the decade—$17.3 bil­lion—due to re­duced in­come and in­creased spend­ing.