Trinidad and Tobago recorded a Government Budget deficit equal to 4.62 percent of the country's Gross Domestic Product in 2025. Government Budget in Trinidad and Tobago averaged -1.33 percent of GDP from 1993 until 2025, 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			May 2026
Fiscal Expenditure	4482.50	4155.70	TTD Million	Feb 2026
Government Budget	-4.62	-5.26	percent of GDP	Dec 2025
Government Budget Value	-2228.70	647.10	TTD Million	Feb 2026
Government Debt	124765.30	125611.70	TTD Million	Feb 2026
Government Debt to GDP	69.10	65.30	percent of GDP	Dec 2025
Government Revenues	2355.70	5001.40	TTD Million	Feb 2026
Holidays
Military Expenditure	229.90	238.10	USD Million	Dec 2025

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.