Macroeconomic Forecast Trinidad & Tobago

BMI View: Although Trinidad & Tobago has managed to substantially reduce its public sector debt burden in recent years, domestic debt issuance has risen sharply since the start of 2010, up to TTD21.3bn in May from just TTD17.3bn in January. Although the public sector external debt burden has remained largely flat, this increase in domestic debt is a sign of the significant fiscal pressures facing the current administration, and we anticipate the total public sector debt load to rise to TTD32.1bn (or 17.2% of GDP), from TTD25.1bn (15.0%) in 2009.

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