Following are a few key points from Finance Minister Larry Howai's 2013 budget statement in Parliament yesterday.
Estimates of projected revenue and expenditure
Total Revenue - $50.736 billion;
Oil Revenue - $20.038 billion;
Non-Oil Revenue - $30.698 billion; and
Total Expenditure net of Capital Repayments and Sinking Fund Contribution - $58.405 billion.
Fiscal deficit of $7.669 billion or 4.6 per cent of Gross Domestic Product.
(Revenue projections are predicated on oil and gas assumptions of US$75 per barrel for the Trinidad and Tobago basket of crude and US$2.75 per MCF, respectively.)
Allocations to the various ministries
Education and Training: $9,149.1 million;
Health: $5,108.7 million;
National Security: $5,503.7 million;
Public Utilities: $3,783.1 million;
Housing: $3,503.7 million;
Works and Infrastructure: $2,412.9 million;
Transport: $1,682.8 million;
Agriculture: $1,338.3 million