Trinidad and Tobago: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago
IMF Staff Country Reports, November 21, 2017
Source details
- Canonical URL
- Trinidad and Tobago: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago
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Bibliographic details
- Published: November 21, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484329948.002
Growth and output
- Real GDP declined by 6 percent in 2016.
- IMF staff projected a further decline of 3.25 percent in 2017.
Fiscal position and public finances
- The overall fiscal deficit increased to 12.1 percent of GDP in fiscal year 2016.
- The fiscal deficit was expected to drop to 11.0 percent of GDP in fiscal year 2017.
External sector and current account
- The current account deteriorated by 14.5 percentage points to a deficit of 10.7 percent of GDP in 2016.
Policy actions and structural measures
- The government took steps to adjust fiscal imbalances, including:
- Reforming the energy tax regime.
- Reducing fuel subsidies.
- Boosting nonenergy revenues.
Subject focus and keywords (as stated)
- Subject: Economic sectors, Energy pricing, Energy sector, Expenditure, Fiscal policy, Public debt
- Keywords: capital program, Caribbean, CBTT, Central America, central government debt, CR, Energy pricing, Energy sector, GDP deflator, GDP rebasing, GDP series, Global, government, ISCR, public sector debt guide, staff appraisal, state transfer
Source: Trinidad and Tobago: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Trinidad and Tobago (IMF), November 21, 2017.
Content in this bundle
- Country Report