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Tobago hoping to receive over $3bn in upcoming budget

Jul 29, 2021 | 0 comments

Tobago’s Secretary of Finance, Joel Jack is anticipating over $3bn in the upcoming budget.

During a press conference on Wednesday, Jack, said finalization of draft estimates is ongoing before it is dispatched to the Finance Minister.

He says, based on last year’s $49.6bn fiscal package and the proposal to give Tobago 6.8% of the budget, he has an expectation of what may be received.

Under clause 30 of the proposed Tobago Island Government Bill, Parliament will have to allocate no less than 6.8% of the total sum appropriated by Parliament in the financial year.

In the last fiscal package, Tobago was allocated $2.134bn.

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