Trinidad And Tobago's Deficit Reduction Efforts Likely To Stall

• Trinidad and Tobago’s (T&T) fiscal deficit is forecast to narrow moderately in the coming years.
• However, the rating agency also sees a low ceiling for the government’s deficit reduction program due to rising interest payments and an election in 2020, which will likely precipitate increased spending.
• Fitch notes that there are significant downside risks to T&T’s fiscal targets as the on-going crisis in Venezuela threatens important revenue streams.

 

(Source: Fitch)