As Minister Tancoo outlined the proposed increase in expenditure, the largest allocation of $513.6 million was earmarked for the Ministry of Public Utilities.
The funding is expected to support street lighting, T&TEC rebates, TTPOST, CEPEP operations, and debt servicing and operational costs at WASA.
Other major allocations include $499.9 million for the Ministry of Health, $466 million for Central Administrative Services Tobago, and $454 million for the Ministry of Energy, to settle fuel subsidy liabilities.
Minister Tancoo said higher-than-expected oil and gas prices are projected to increase Government revenue by $381.7 million.
Despite this, the fiscal deficit is expected to reach $7 billion, with supplementary spending to be financed through domestic and external borrowing.
 
