The Gov­ern­ment ex­pects to col­lect $5.03 bil­lion in rev­enue from the prof­its earned by non-fi­nan­cial state en­ter­pris­es in the 2026 fi­nan­cial year.

That is a 350 per cent in­crease com­pared to the re­vised es­ti­mate of $1.11 bil­lion in prof­its earned from those state en­ter­pris­es in the 2025 fi­nan­cial year, which end­ed on Sep­tem­ber 30.

The $5.03 bil­lion in rev­enue the Gov­ern­ment ex­pects to col­lect from state en­ter­pris­es in 2026 is 413 per cent more than the $981 mil­lion that was ac­tu­al­ly col­lect­ed by the Gov­ern­ment in 2024.

The in­for­ma­tion is con­tained in the bud­get doc­u­ment Draft Es­ti­mates of Rev­enue 2026, which was re­leased last week Mon­day, along with oth­er bud­get doc­u­ments.

The $5.03 bil­lion in rev­enue pro­ject­ed to be col­lect­ed from the non-fi­nan­cial state en­ter­pris­es con­sti­tutes 9.50 per cent of the to­tal rev­enue es­ti­mate for 2026 of $52.97 bil­lion, ac­cord­ing to the rev­enue es­ti­mates for 2026.

In de­liv­er­ing the 2026 Bud­get, Min­is­ter of Fi­nance Dav­en­dranath Tan­coo es­ti­mat­ed that T&T’s to­tal rev­enue in 2026 would be $55.32 bil­lion.

In an­oth­er bud­get doc­u­ment, Re­view of the Econ­o­my 2025, the Min­istry of Fi­nance point­ed to the bet­ter per­for­mance of the non-fi­nan­cial pub­lic sec­tor in the 2025 fi­nan­cial year.

“Op­er­a­tions of the rest of the non-fi­nan­cial pub­lic sec­tor strength­ened over the pe­ri­od Oc­to­ber 2024 to June 2025, re­sult­ing in a pos­i­tive over­all bal­ance of $4.65 bil­lion, a $2.88 bil­lion im­prove­ment when com­pared to the pos­i­tive 0ve­r­all bal­ance of $1.77 bil­lion record­ed over the cor­re­spond­ing pe­ri­od of fis­cal 2024,” stat­ed the bud­get doc­u­ment, adding, “A $1.06 bil­lion in­crease in the cur­rent bal­ance of state en­ter­pris­es dur­ing the fis­cal 2025 re­view pe­ri­od was the pri­ma­ry rea­son for the im­prove­ment in the over­all bal­ance of the sec­tor.”

The Min­istry of Fi­nance said the over­all bal­ance “refers to the op­er­at­ing sur­plus/deficit plus trans­fers from cen­tral gov­ern­ment, oth­er in­come and cap­i­tal rev­enues and grants mi­nus oth­er op­er­a­tional costs and cap­i­tal ex­pen­di­ture.”

The Re­view of the Econ­o­my 2025 doc­u­ment states that there are 22 com­pa­nies that are de­fined as state en­ter­pris­es:

• ↓Agri­cul­tur­al De­vel­op­ment Bank (ADB);

• ↓Caribbean Air­lines Ltd (CAL);

• ↓Evolv­ing Tec­Knolo­gies & En­ter­prise De­vel­op­ment Com­pa­ny (eTecK);

• ↓Ex­port-Im­port Bank of Trinidad and To­ba­go (Ex­im­bank);

• ↓Her­itage Pe­tro­le­um Com­pa­ny Ltd (HP­CL);

• ↓Lake As­phalt of Trinidad and To­ba­go (1978) (LATT);

• ↓Na­tion­al En­er­gy Cor­po­ra­tion of Trinidad and To­ba­go (Na­tion­al En­er­gy);

• ↓Na­tion­al Gas Com­pa­ny of Trinidad and To­ba­go (NGC);

• ↓Na­tion­al Main­te­nance, Train­ing and Se­cu­ri­ty Com­pa­ny (MTS);

• ↓Na­tion­al He­li­copter Ser­vices Ltd (NHSL);

• ↓Na­tion­al In­fra­struc­ture De­vel­op­ment Com­pa­ny (Nid­co);

• ↓Paria Fu­el Trad­ing Com­pa­ny (Paria);

• ↓Pe­tro­le­um Com­pa­ny of Trinidad and To­ba­go (Petrotrin);

• ↓Trinidad and To­ba­go Na­tion­al Pe­tro­le­um Mar­ket­ing Com­pa­ny (NPMC);

• ↓Point Lisas In­dus­tri­al Port De­vel­op­ment Cor­po­ra­tion (Plipde­co);

• ↓Sol­id Waste Man­age­ment Com­pa­ny (SWM­COL);

• ↓Trinidad Gen­er­a­tion Un­lim­it­ed (TGU);

• ↓Trinidad Ni­tro­gen Com­pa­ny (Trin­gen);

• ↓Trinidad and To­ba­go Mort­gage Bank (TTMB);

• ↓Trinidad and To­ba­go Mort­gage Fi­nance Com­pa­ny (TTMF);

• ↓Ur­ban De­vel­op­ment Cor­po­ra­tion of Trinidad and To­ba­go (UDe­COTT); and

• ↓The Ve­hi­cle Man­age­ment Cor­po­ra­tion of Trinidad and To­ba­go (VM­COTT)

The 2025 Re­view of the Econ­o­my di­vides state en­ter­pris­es in­to those in the en­er­gy sec­tor and those in the non-en­er­gy sec­tor.

The en­er­gy sec­tor state en­ter­pris­es com­prise: Her­itage Pe­tro­le­um, Lake As­phalt, Na­tion­al En­er­gy, NGC, NPMC, Paria, Petrotrin, TGU and Trin­gen.

Ac­cord­ing to the doc­u­ment, “Dri­ving this out­turn in the rest of the non-fi­nan­cial pub­lic sec­tor was state en­ter­pris­es, which gen­er­at­ed an op­er­at­ing sur­plus of $2.10 bil­lion, an 18 per cent in­crease from the $1.78 bil­lion record­ed dur­ing the pre­ced­ing com­par­a­tive fis­cal pe­ri­od. The con­sol­i­dat­ed ac­tiv­i­ties of en­er­gy sec­tor state en­ter­pris­es, which re­turned an op­er­at­ing sur­plus of $2.60 bil­lion, in com­par­i­son to an op­er­at­ing sur­plus of $2.20 bil­lion dur­ing the first nine months of fis­cal 2024, was the main con­trib­u­tor.

“This sur­plus off­set the op­er­at­ing deficit of $501.1 mil­lion gen­er­at­ed by non-en­er­gy sec­tor state en­ter­pris­es,” which in­clude ADB, CAL, eTecK, Ex­im­bank, MTS, NHSL, Nid­co, Plipde­co, SWM­COL, TTMB and TTMF.”