Trinidad and Tobago recorded a Government Budget deficit equal to 1.73 percent of the country's Gross Domestic Product in 2023. Government Budget in Trinidad and Tobago averaged -1.05 percent of GDP from 1993 until 2023, reaching an all time high of 7.32 percent of GDP in 2008 and a record low of -11.47 percent of GDP in 2020. source: Central Statistical Office, Trinidad and Tobago

Related	Last	Previous	Unit	Reference
Credit Rating	50.00			Jan 2025
Fiscal Expenditure	4428.00	4690.10	TTD Million	Jul 2024
Government Budget	-1.73	0.69	percent of GDP	Dec 2023
Government Budget Value	-1177.80	-458.80	TTD Million	Jul 2024
Government Debt	113463.00	113479.00	TTD Million	Sep 2024
Government Debt to GDP	56.10	50.70	percent of GDP	Dec 2023
Government Revenues	3495.20	4611.00	TTD Million	Jul 2024
Holidays
Military Expenditure	240.70	217.20	USD Million	Dec 2023

Trinidad and Tobago Government Budget

The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.