Trinidad and Tobago’s Prime Minister Kamla Persad-Bissessar has officially confirmed that the national budget for the 2026/2027 fiscal cycle will be laid before Parliament on October 12, marking a key milestone for the United National Congress (UNC) administration that took office last year.
In a response to questions from local media outlet the Express, Persad-Bissessar outlined that the upcoming budget will offer a full public accounting of the Trinidad and Tobago economy’s progress under her government, alongside a detailed breakdown of the administration’s policy agenda and developmental plans for core national sectors. A subsequent official statement from the Office of the Prime Minister clarified that Finance Minister Davendranath Tancoo will deliver the budget address at 1:30 p.m. on the scheduled date inside the country’s Parliament building. Reaffirming a core campaign pledge, the Prime Minister emphasized that her administration remains fully committed to delivering improved economic prospects for all Trinidad and Tobago citizens.
A central area of progress highlighted by the Prime Minister is the country’s energy sector, which has seen a flurry of major agreements, expanded upstream investment, and strengthened cross-border cooperation with neighboring Venezuela throughout 2026. Securing reliable additional natural gas supplies for the domestic market has been a top policy priority for the government, and several key milestones have already been delivered. In May, the state-owned National Gas Company (NGC) finalized a new gas supply contract with EOG Resources eight months ahead of the original negotiation timeline. Following that deal, NGC secured a binding term sheet for 50% of the total gas volumes from the Coconut development project, which is on track to launch commercial production in the first quarter of 2027. September brought another breakthrough, when NGC and Shell completed commercial agreements to move forward with the Aphrodite gas development, with first production expected in the second quarter of 2027.
The government has also renegotiated production sharing terms with Perenco for offshore Blocks 2(c) and 3(a), aligned with new gas supply agreements between NGC and Perenco covering those blocks plus the Teak, Samaan and Poui fields. Investment in the country’s untapped ultra-deepwater acreage has also expanded significantly: in June, Energy Minister Dr Roodal Moonilal approved Occidental Petroleum (Oxy) joining ExxonMobil on the TTUD-1 ultra-deepwater block, which was awarded to ExxonMobil in August 2025 and marked the global energy giant’s return to Trinidad and Tobago’s upstream sector after an extended absence.
Progress is also advancing on the Manakin-Cocuina cross-border gas field, shared by Trinidad and Tobago and Venezuela. NGC recently signed agreements with bpTT to acquire a 20% participating interest in Block 5(b), which holds the Manakin field on Trinidad and Tobago’s side of the maritime border. This progress has been supported by a marked improvement in bilateral relations between Port of Spain and Caracas. On September 3, the two nations announced a new bilateral cooperation roadmap following high-level talks in Caracas, with energy collaboration identified as a top priority. Relations deepened further when Persad-Bissessar met acting Venezuelan President Delcy Rodríguez on September 23 on the sidelines of the United Nations General Assembly in New York, where the two leaders agreed to strengthen energy cooperation and advance a joint work agenda. This renewed bilateral relationship is critical for Trinidad and Tobago’s efforts to develop shared cross-border resources like Manakin-Cocuina, as well as its long-held goal of accessing gas from Venezuela’s Dragon field. Other major energy sector developments include ongoing progress on Shell’s Manatee project, and bp’s recent acquisition of Woodside’s 70% stake in the Calypso deepwater gas development, which will see bp take over as operator of the project. For 2025, NGC reported an after-tax profit of $3.46 billion, the highest annual after-tax profit the state energy firm has recorded in more than a decade.
Beyond economic and energy progress, Persad-Bissessar is also pushing forward with social policy reforms to address public safety and harmful youth behavior, and has strongly defended recently passed legislation that raises minimum legal age limits for access to alcohol, tobacco, cannabis, and gambling. The Miscellaneous Provisions (Alcohol, Cannabis, Dangerous Drugs, Gambling and Tobacco) Bill, 2026, which passed the House of Representatives on Wednesday, raises the legal age for purchasing, possessing, and consuming alcohol and tobacco from 18 to 21. It also increases the minimum age for cannabis use and possession, as well as gambling, from 18 to 25, and raises the minimum age for membership in most registered clubs from 21 to 25, with an exception for athletic-focused clubs. People under 25 are also barred from entering most licensed gambling premises, with the exception of race tracks, and age verification will be mandatory for all purchases of regulated products and entry to gambling venues. The bill amends seven existing national laws and introduces stiffer fines and prison sentences for violations.
Persad-Bissessar argued that the new rules are designed to protect young people from addiction, and will ultimately improve their chances of building successful, fulfilling lives. “Some will not and will just set themselves backward. If you think this is restrictive, then you are mistaken. When you fail at life because of addictions and feel that the whole world is closing in on you with nowhere to go, and no idea how to kick the addiction and become depressed or suicidal, then you will know what restrictive is. I did this out of love; some of you may not understand now, but as you get older, you will,” she said. She expressed confidence that most young Trinbagonians will ultimately support the changes.
The Prime Minister launched sharp criticism at the main opposition People’s National Movement (PNM) for opposing the bill, accusing the party of hypocrisy. She claimed PNM politicians would never allow their own children to access these substances or engage in underage gambling, but actively encourage other people’s children to do so. “Their contributions in Parliament were embarrassing and low-intellect in this debate. None of them would give their children or grandchildren these substances or encourage them to gamble, but out there encouraging other people’s children to participate. They are wicked and hypocritical,” she said. Persad-Bissessar argued that the measures will benefit generations of young Trinbagonians, acknowledging that opposition will persist but framing critics as self-interested parties who stand to lose income or political power from the reform. “As always, some will complain, some will support and some have no clue what what’s going on. The people complaining are those whose business will be affected, those who are politically aligned to the PNM, those who have miserable lives and want our young people to become losers at life like them; and lastly, those who are predators that target our young people,” she added. “The fact is that this legislation, when combined with proper educational programmes on the ill-effects of these substances and gambling, will help protect our young people. Young people who have a good start in life, free from addictions, will always have happier, more successful futures.”
Persad-Bissessar also rejected opposition claims that the government failed to conduct sufficient public consultation on the age limit reforms, pointing out that the policy was explicitly included in the UNC’s election manifesto ahead of the April 28, 2025 general election. “Consultation occurred on April 28, 2025. I campaigned on everything that I am doing. These age increases were in the UNC manifesto,” she stated. She added that she expects the Trinidad and Tobago Police Service (TTPS) to enforce the new rules effectively, noting that the service already enforces existing age limits for alcohol and will simply adjust to the new higher threshold. The Prime Minister also pushed back against opposition complaints about parliamentary workload, arguing that PNM lawmakers are overpaid for a light schedule and too lazy to fulfill their elected duties. “They are too lazy. Every month Pennelope Beckles receives $52,000, PNM MPs $23,000 and the Presidents and PNM senators $17,000 to go to Parliament six or eight days a month. They also get tax breaks on vehicles and perks. They just came off two-and-a-half months holiday and are now complaining about the workload. There are people working 22 days a month for much less than these people are earning. They need to stop complaining and do their jobs or leave it and let someone else do it,” she said.