2021 Budget Trinidad And Tobago

Fi nance min is ter colm im bert said the 2021 bud get is pegged on an oil price of us 45 and a gas price of us 3 00 per mmb tu.

2021 budget trinidad and tobago. From january 1st 2021 the personal income tax exemption limit will be increased from 72 000 to 84 000. October 5 2020 budget statement 2021 resetting the economy for growth and innovation. This means that people earning 7 000 a month or less will be exempt from paying income tax.

Finance minister colm imbert delivered a three hour long presentation of trinidad and tobago s 2021 budget in parliament on monday. Budget 2021 budget statement budget documents 2021 click to view supporting documents. By ministry of finance october 5 2020 category.

Budget public sector policy publication 2021 public sector investment programme the public sector investment programme psip is a strategic investment plan of the government of the republic of trinidad and tobago in the formulation of the national budget which reflects public investment against national priority areas for development. Relief from tax on purchases of digital equipment mobile phones software and computer accessories. This measure will cost the government 750 million per year.

Government of trinidad and tobago 2021 national budget under the theme resetting the economy for growth and innovation the first national budget of this recently re elected government. Colm imbert in parliament on 5 october 2020. Among the tax measures proposed for 2021 are the following items.

The 2021 national budget is based on an estimated oil price of us 45 per barrel and gas price of us 3 00 per. Budget statement publication tags. Tax measures proposed in 2021 budget.

The biggest chunk of the 49 573 bil lion bud get for 2020 2021 has gone to the ed u ca tion and train ing sec tor with an al lo ca tion of some 7 93 bil lion. National budget statement 2021 presented by the honourable colm imbert mp minister of finance in the house of representatives on monday 5th october 2020. The budget delivered in light of depressed oil prices and in the context of a pandemic placed priority on agriculture and increased use of local content the digital transformation of the country for innovation growth and education as well as construction.