Trinidad and Tobago recorded a Government Budget deficit equal to 6.70 percent of the country's Gross Domestic Product in 2024. Government Budget in Trinidad and Tobago averaged -1.26 percent of GDP from 1993 until 2024, 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			Mar 2026
Fiscal Expenditure	4992.10	4264.80	TTD Million	Dec 2025
Government Budget	-6.70	-1.73	percent of GDP	Dec 2024
Government Budget Value	1666.30	-2213.40	TTD Million	Dec 2025
Government Debt	123952.80	119635.70	TTD Million	Dec 2025
Government Debt to GDP	58.36	61.84	percent of GDP	Dec 2024
Government Revenues	6719.50	2094.60	TTD Million	Dec 2025
Holidays
Military Expenditure	234.50	243.30	USD Million	Dec 2024

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.