Trinidad and Tobago's Fiscal Consolidation To Slow

• Fitch Solutions expect Trinidad &Tobago’s (T&T) fiscal consolidation to continue over the coming quarters, albeit at a reduced pace.
• It is forecasted that T&T’s fiscal deficit will continue to narrow over the coming quarters, shrinking the deficit from 3.9% of GDP in 2018 to 2.8% in 2019 and 2.0% in 2020.
• Revenues will be supported by rebounding economic activity, while expenditure growth will remain relatively subdued.
• However, the ongoing crisis in Venezuela threatens important revenue streams which could negatively impact T&T’s fiscal consolidation.

(Source: Fitch Solutions)