Min­is­ter Dook­er­an de­clared the 2011-2012 bud­get of $47 bil­lion was de­rived based on an oil price of US$75 per bar­rel and a gas price of US$2.75 per mm btu.

The gov­ern­ment pro­ject­ed that $18.1b will come form the en­er­gy sec­tor while $18.9b will be col­lect­ed from the non-en­er­gy sec­tors.

Ex­pen­di­ture for the fis­cal year is pro­ject­ed at $54.6 bil­lion, rep­re­sent­ing a bud­get deficit of $7.6 bil­lion.

The Fi­nance Min­is­ter said that the gov­ern­ment ex­pects a 1.7 per­cent growth in Gross Do­mes­tic Prod­ucts (GDP) for the next fis­cal year with an in­fla­tion rate of sev­en per­cent.

Cit­i­zens en­ti­tled to na­tion­al In­sur­ance ben­e­fits will have the fol­low­ing amend­ments made to the cur­rent struc­ture:

A min­i­mum month­ly re­tire­ment pen­sion of $3,000 up from $2,000

An in­crease in the in­sur­able month­ly in­come ceil­ing fig­ure of $8,300 to $10,000

Elim­i­na­tion of the fixed struc­ture use to eval­u­ate re­tire­ment ben­e­fits to a 1 per­cent of month­ly salary up to $10,000

Ef­forts to Have self em­ployed cit­i­zens in­clud­ed in the NIS ben­e­fits

A waiv­er of penal­ties for the late sub­mis­sion of Na­tion­al in­sur­ance pay­ments. The waiv­er ex­tends to June 30, 2012, and is for penal­ties ac­crued pri­or to Co­to­ber 10, 1011.

3:40pm: Cor­po­rate Tax to be re­duce to 10%

Re­gion­al Stock Mar­ket to al­low for fur­ther in­te­gra­tion.

Re­view of the Caribbean In­te­gra­tion frame­work­to be done

High speed Broad­band net­work to come in the next 2 years

Re­gion­al fast fer­ry to im­prove­ment per­sons and car­go, pri­vate sec­tor ini­tia­tives sup­port­ed by govt.

So­lar man­u­fac­tur­ing com­plex to come.

3:25pm: Cre­ation of a Na­tion­al In­fra­struc­ture Bank - long term fi­nanc­ing in­sti­tu­tion for sound bus projects. Mar­itime econ­o­my - grow TT as a ship build­ing and re­pair cen­tre.

The Pub­lic Ser­vice Trans­port Cor­po­ra­tion is cur­rent­ly ex­plor­ing the idea of switch­ing to Com­pressed Nat­ur­al Gas (CNG) fu­el in­stead of diesel

The Port Au­thor­i­ty and NID­CO are al­so be­ing en­cour­aged to use CNG as the fu­el of choice for the wa­ter taxis.

Bil­lions ex­pect­ed from new En­er­gy projects .

List­ing of SME's on the lo­cal stock ex­change who have at least 25 share­hold­ers. These share­hold­ers should not hold more than 30% in­ter­ests that do not ex­ceed $50 mil­lion.

These SMEs will have an amend­ed cor­po­ra­tion tax­a­tion of 10% on their tax­able prof­it

3:00pm:To­ba­go Tourism will be re-po­si­tioned. Tourism De­vel­op­ment fund set at 100 mil­lion - de­signed for ac­cess for prop­er­ty de­vel­op­ment.

For Dif­fer­ent­ly abled: Grants to sin­gle moth­ers, Food Sup­port, Free trans­porta­tion and Spe­cial­ly de­signed bus­es will be made avail­able

In Youth, Sport and­Gen­der: Women will be ad­e­quate­ly rep­re­sent­ed on State boards.

Ex­pan­sion of the Mu­sic Schools in Pa­n­yards Project

Art of suc­cess project - men­tor­ing se­ries by high pro­file cit­i­zens

3 new state of the art Sport faci­i­ilites to be con­struct­ed to in­ter­na­tion­al stan­dard-cy­cling, ten­nis and aquat­ic

2:40pm:Trans­porta­tion sys­tems in T&T to be stud­ied/ an­a­lyzed to make way for im­prove­ments.Mod­ern Ur­ban Plan to be put in place, San­do to Point High­way well un­der­way/Bus Route Sys­tem to be re­vamped

In Home Own­er­ship:129,000 ap­pli­cants on HDC data­base,TTMF to re­duce mort­gage rate to 5%,Squat­ter reg­u­lar­i­sa­tion sub­sidy,land for the land­less will be fa­cil­i­tat­ed,Long-stand­ing ap­pli­ca­tions to be giv­en pri­or­i­ty/Land for the Land­less/En­hanced Home Re­pair Pro­gramme. New Home Sub­sidy Pro­gramme - grants up to $50,000 for homes cost­ing $200, 000 in Trinidad, and $250,000 in To­ba­go.Long stand­ing HDC hous­ing ap­pli­cants to be giv­en pri­or­i­ty from 2012.

2:30mIn Ed­u­ca­tion:Greater ac­count­abil­i­ty with­in all ar­eas of Gate pro­gramme.The gov­ern­ment will al­so look to a seam­less ed­u­ca­tion sys­tem be­gin­ning with the coun­try's Ear­ly Child­hood Care Ed­u­ca­tion and Pri­ma­ry ed­u­ca­tion pro­grammes. Health: New Chil­dren's Hos­pi­tal/Up­grade of ex­ist­ing fa­cil­i­ties/New San Fer­nan­do Hos­pi­tal/Na­pari­ma Health Acad­e­my/Con­tin­u­a­tion and ex­pan­sion of Chil­dren's Life Fund.Health In­for­ma­tion Man­age­ment Sys­tem to be in­tro­duced!!

2:20pm: E-pay­ment sys­tem for ten­der­ing of con­tracts and fil­ing of tax­es

Land Use Pol­i­cy this Fi­nan­cial Year CSO to move to re­al-time sta­tis­tics de­liv­ery Her­itage and Sta­bil­i­sa­tion Fund cur­rent­ly has a bal­ance of $US 4.1 bil­lion 2:15:‎$1000 month­ly stipend ex­tend­ed to Fire and Pris­ons and De­fense Force

2:00pm:Dook­er­an: More than $4 bil­lion to fight crime in T&T in 2012

1:40pm:Ar­eas of Fo­cus

Job Cre­ation: pover­ty re­duc­tion and a clos­ing of the in­equity gap.

In­vest­ments: en­tre­pre­neur­ial op­por­tu­ni­ties for pub­lic and pri­vate in­vest­ments

Se­cu­ri­ty: con­tin­ued im­ple­men­ta­tion of strate­gies for crime re­duc­tion, as well as in­creased fo­cus on food se­cu­ri­ty.

1:30pm: Wel­come to the pre­sen­ta­tion of the Na­tion­al Bud­get for the fis­cal year 2011-'12, live from Par­lia­ment at the Wa­ter­front Com­plex, Port of Spain.

Fi­nance Min­is­ter Win­ston Dook­er­an opens his bud­get pre­sen­ta­tion stat­ing that his gov­ern­ment's bud­get pol­i­cy has three ar­eas of fo­cus: job cre­ation, in­vest­ments, and na­tion­al se­cu­ri­ty.