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Ambika Jagassarsingh-Dattoo
Over the past decade, Trinidad and Tobago’s national budgets have fluctuated with changing oil and gas prices, revenue shortfalls, and persistent fiscal deficits. Against this backdrop, Tobago’s allocation from the national budget has remained a steady point of focus.
In 2015, Tobago received its largest allocation in recent years — $3.7 billion, representing 5.7 per cent of the national budget. This was well above the recommended minimum allocation of 4.03 per cent, as set out by the Dispute Resolution Commission in 2000. However, beginning in 2016, Tobago’s share declined and has since averaged between 4.3 and 4.5 per cent annually.
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