Budget 2026 at the Halfway Mark: What Was Promised, What Was Delivered
The Finance Minister used the word 'will' 296 times in the budget. Six months later, we check the receipts.
Read the analysisThe Finance Minister used the word 'will' 296 times in the budget. Six months later, we check the receipts.
Read the analysisBrent crude past US$119. LNG benchmarks up 70%. Ammonia, urea, and methanol at multi-year highs. But gas production is falling, a major plant is shut, Atlantic LNG trains are offline, and the windfall is arriving in an economy structurally unable to absorb it.
Read the analysisA dispute over $28 million in port fees and gas pricing has shut down one of Point Lisas's largest plants. The ripple effects hit hospitals, food production, and the forex pipeline.
Read the analysisLiquid reserves fell 24% in a year. The IMF says devalue. Banks are cutting US dollar card limits to $500. And the $1 billion bond that 'stabilised' reserves just bought time.
Read the analysisGas production is at 2.5 bcf/d, down from a peak of 4.3. An LNG train is being permanently scrapped. Every major upstream project points to 2027. Trinidad and Tobago is running on fumes in the meantime.
Read the analysisA former T&T Energy Ministry director wrote to Guyana's press warning them to learn from Trinidad and Tobago's mistakes. No T&T outlet covered it.
Read the analysisTrinidad and Tobago was removed from the EU's non-cooperative tax list in February 2026 - after eight years. The delisting was a genuine win. But the damage from years on the list - eroded banking relationships, higher transaction costs, lost investment - does not reverse overnight. And the reforms that got the country off could have happened years earlier.
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