Trinidad & Tobago Government Withdraws $251 Million from Heritage and Stabilization Fund

Posted on 03/18/2017

Depressed oil prices have exerted enormous pressure on the fiscal budget of Trinidad & Tobago, creating revenue shortfalls. On March 16, 2017, a budget move was approved to withdraw TT$ 1,712,200,000 (US$ 251 million) from the country’s Heritage and Stabilization Fund (HSF). This is the first time the island government has informed the population ahead […]