Tag: Budget

The 2018 National Budget of the Republic of Trinidad and Tobago

13 October 2017

Changing the Paradigm: Putting the Economy on a Substantial Path –
Part Five – 
Other Areas

A Firstline Securities Limited Blog by: Mike

National Security

National Security and addressing crime and criminality continues to be the Government’s number one priority. National Security is to be allocated TT$6.2371 billion in the 2018 budget making it the second largest component of expenditure after education. Read more…

The 2018 National Budget of the Republic of Trinidad and Tobago

12 October 2017

Changing the Paradigm: Putting the Economy on a Substantial Path – Part Four

The estimates of Revenue and Expenditure for 2017-2018

A Firstline Securities Limited Blog by: Mike

The key figures in the 2018 National Budget

Key to the Minister’s new paradigm is bringing expenditure into line with the available revenue stream and attempting to control the size of the budget deficit that for the outturn of 2017 is estimated to be TT$12.643 billion.

Total revenue has been budgeted at TT$45.74 billion against the estimated outturn for 2017 of TT$37.84 billion. Of this sum TT$37.3 billion has been identified by the Minister as core revenue meaning that it is derived from taxation, royalties, and custom duties. The difference is expected to come from borrowing on the domestic market (TT$4.5 billion) together with the sale of assets (CLICO assets) and drawdowns from a restructured HSF of up to TT$7.5 billion.

Total expenditure has been budgeted at TT$50.5 billion against the estimated outturn for 2017 of TT$48.4 billion.

The expected fiscal deficit for 2018 is the difference between income and expenditure and amounts to TT$4.76 billion. This represents 3.1% of GDP (2017 outturn: 8.4% of GDP).

Revenue estimates are predicated on an oil price of US$52 per barrel and a gas price of US$2.75 per MMBtu. These figures are both below the IMF and World Bank forecasts for oil and gas prices. Read more…

The 2018 National Budget of the Republic of Trinidad and Tobago

11 October 2017

Changing the Paradigm: Putting the Economy on a Substantial Path – 

Part Three: The Path to Diversification

A Firstline Securities Limited Blog by: Mike

Read more…

The 2018 National Budget of the Republic of Trinidad and Tobago

10 October 2017

Changing the Paradigm: Putting the Economy on a Substantial Path – Part Two

A Firstline Securities Limited Blog by: Mike

The Energy Sector

Despite low oil and gas prices the Minister believes the energy sector has a “very positive outlook” as a result of new projects coming online in the next three years. Moreover, a new tax regime designed to incentivise increased exploration and production should provide a fillip for additional oil and gas output.

Read more…

The 2018 National Budget of the Republic of Trinidad and Tobago – Pt. 1

9 October 2017

…Changing the Paradigm: Putting the Economy on a Substantial Path

A Firstline Securities Limited Blog by: Michael Sims

The 2018 budget represents what the Minister of Finance refers to as a new paradign shift, and a new opportunity to “get things right”, by diversifying the economy away from a reliance on the gift – or is it the curse – of bountiful supplies of oil and gas.

Over the next 5 days we look at the main items in the budget. We would be very interested to hear your views on the 2018 budget. Has the Minister got his sums right?

Feel free to drop us your feedback in the comments below; or on our Facebook,Twitter or Linkedin pages.

Read more…

3 (PERHAPS UNCONSIDERED) REASONS YOU’RE NOT STICKING TO YOUR BUDGET…AND WHAT YOU CAN DO TO FIX THAT!

25 August 2017

A Firstline Securities Limited Blog by: Maria K. Lewis

 

Quick question: is your name by chance, Oprah Winfrey…Bill Gates…or Prince Al-Waleed bin Talal Alsaud?

If your answer is ‘no’ to each of those names above, chances are you’re like the millions around the world whose lives are dependent on a monthly pay cheque, which is usually best guided by a (sensible) budget!

Now, several of you may be aware of the general reasons proffered as to why it’s so difficult to stick to a budget.  These can range from one’s inability to set a realistic budget, to one’s incapacity to keep proper track of one’s spend…to well…not even setting a budget to begin with.

In addition to these however, this blog offers three (3) additional – and possibly, very real reasons – as to why you’re scratching your head in frustration, as yet again, another month has arrived, and you still can’t understand where (and how) your money has gone!

Read more…

The 2017 Mid-Year Budget Review – Part Two

26 May 2017

A Firstline Securities Limited Blog by: Mike

On the 10th May 2017 Trinidad and Tobago’s Minister of Finance, Colm Imbert, presented his 2017 Mid-Year Budget Review. In this second blog entry, in a series of three, we continue to explore the main contents of that presentation and the implications for the citizens of Trinidad and Tobago.

Read more…

The 2017 Mid-Year Budget Review – Part One

25 May 2017

A Firstline Securities Limited Blog by: Mike

On the 10th May 2017 the Minister of Finance of Trinidad and Tobago, Colm Imbert, presented his 2017 Mid-Year Budget Review. In this blog entry, and in the subsequent two blogs, we explore the main contents of that presentation and the implications of the review for the citizens of Trinidad and Tobago.

Read more…

The Weekly Report: Our Two Cents On The Budget

13 October 2012

Much has already been said about the budget, with everyone from the proverbial man on the street to the political and economic intelligentsia expressing a multitude of views. No national budget is perfect, and the budget is not a panacea for social or economic ills. While the old saying proffers a penny for your thoughts, at Firstline we like to give you value for your money (except where jokes are concerned). We will give you not a penny, but two cents. You’re welcome.
Read more…

Budget 2011/12 – Signs of Hope or Distress?

17 October 2011

Now that you’ve had a week to reflect on Finance Minister Winston Dookeran’s budget statement, I’m certain there are still many questions you’d like answered: What does it really mean for T&T? What does it mean for me? Does it matter at all?

It should matter to every one of us. With this year’s growth seemingly range-bound between 1.40% – 1.70%, billions of excess bank reserves, and financial crisis quickly becoming the norm globally, I remain firm in my stance of opportunity amidst crisis. The question then remains: which slice of the pie (see chart below) benefits you as an investor?

Here we’ll focus on three sectors which can drive or at least facilitate economic growth: energy, capital markets and infrastructure. Read more…