The Parliament of Trinidad and Tobago has officially approved the $59.2 billion national budget for the fiscal year 2025/2026, following an extensive five-day review by the Standing Finance Committee. The final vote, held on October 25, saw unanimous support from the 28 government members, while all 12 opposition members voted against the proposal. The budget, initially presented by Finance Minister Davendranath Tancoo on October 13, is based on projected oil and gas prices of US$73.25 per barrel and US$4.35 per mmbtu, respectively. Despite these optimistic projections, the fiscal package carries a deficit of $3.865 billion. The next phase of the budgetary process will commence on October 27, when Senators are scheduled to debate the financial plan at 10 am.