In a landmark decision, the Government of Trinidad and Tobago has allocated a historic $3.72 billion to Tobago for fiscal year 2026, marking the largest financial injection the island has ever received. The announcement was made by Finance Minister Davendranath Tancoo during the $59 billion budget presentation in the House of Representatives on October 13. This allocation fulfills the Tobago House of Assembly’s (THA) request of $3.71 billion, a stark contrast to previous years when the THA’s budgetary demands were consistently unmet under the former administration. In 2024, for instance, the THA requested $3.956 billion but received only $2.599 billion. Tancoo emphasized that the $2.96 billion allocated to the THA represents 5% of the national budget, with an additional $763 million earmarked for various ministries, bringing the total to $3.72 billion, or 6.3% of the national budget. The announcement was met with jubilation from Tobago East MP David Thomas and Tobago West MP Joel Sampson, who joined Government MPs in a spirited show of approval. The Tobago Chamber of Industry and Commerce expressed gratitude for the allocation, with President Curtis Williams highlighting the importance of transparent and efficient spending. Williams also welcomed plans for direct US-Tobago flights, the opening of the ANR Robinson International Airport’s new terminal, and the development of Marriott-brand hotels and the Elephant Tree project. However, he urged the THA to address existing financial challenges, such as unpaid vendors and contractors. Martin George, Chairman of the Tobago Business Chamber, remained cautiously optimistic, stressing the need for proper fiscal management to ensure Tobago’s economic growth.