In a moment of reflection and prayer, Finance Minister Davendranath Tancoo sought divine intervention as he prepared to present the United National Congress (UNC) government’s inaugural National Budget on October 13. Tancoo, who also serves as the Member of Parliament for Fyzabad, shared a heartfelt message on social media, accompanied by a photo of himself in his office at the Eric Williams Financial Complex in Port of Spain. He expressed his hope that the decisions made during the budget presentation would enhance the lives of all citizens and pave the way for a prosperous future for Trinidad and Tobago. The budget, scheduled for delivery at 1:30 PM in the House of Representatives, marks a significant milestone for the UNC administration under Prime Minister Kamla Persad-Bissessar’s second term. Tancoo has previously indicated that the budget will likely reflect a deficit, a continuation of the fiscal trends established by the previous People’s National Movement (PNM) government over the past nine years. The 2024/2025 budget had projected revenues of $54.224 billion, expenditures of $59.741 billion, and a fiscal deficit of $5.517 billion. As the nation eagerly anticipates the budget’s unveiling, many are hopeful that the government will deliver on the promises that secured their victory in the April 28 general election.
