Trinidad and Tobago: Selected Issues

November 21, 2017

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Trinidad and Tobago: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Selected Issues paper reviews the performance and reform plans for public bodies (PBs) in Trinidad and Tobago. PBs represent a source of fiscal risk to the government through the generation of financial losses, with current and capital transfers from the central government to PBs amounting to 3.5 percent of GDP in FY2015/16. Inappropriate pricing policy and weak governance are the most prevalent sources of fiscal risk. PBs must improve public service delivery and become profitable. Key policies should center on incentives for performance, stronger corporate governance, and better public oversight. Steadfast restructuring of PBs with losses must be implemented either through restructuring those that are nonviable or liquidating them to ensure efficiency and improved resource allocation.

Subject: Corporate governance, Economic sectors, Fiscal risks, Government liabilities, Public debt, Public enterprises, Public financial management (PFM)

Keywords: Caribbean, Corporate governance, CR, Equity holding, Fiscal risks, Global, Government guarantee, Government liabilities, Government policy, ISCR, Ownership policy, Public enterprises, Revenue-generating government entity, SOEs governance framework, SOEs' profitability, SOEs reform plans, State enterprise performance monitoring system, State enterprises performance, Unviable SOEs

Publication Details

Pages:

21
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/353
Stock No:

1TTOEA2017002
ISBN:

9781484329993
ISSN:

1934-7685

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