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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.
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