Caribbean & Central America - April 2013 (ISSN 1741-4458)

In mid-March, a former minister of trade from the opposition People’s National Movement (PNM), Mariano Browne, accused the People’s Partnership (PP) government led by Prime Minister Kamla Persad-Bissessar of running “a persistent structural deficit” that could take the country’s debt from 47% of GDP (TT$71.6bn/US$11.1bn) as at 30 September 2012 to 61% (TT$101bn/US$15.7bn) at 30 September 2013. Government supporters have contested these projections, and the IMF, in its recently concluded Article IV consultation, takes a position closer to the government than to the opposition.

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