IMF recommendations for Trinidad and Tobago: Strengthening Fiscal Position and Financial Integrity for Economic Resilience

IMF staff visited Trinidad and Tobago for an Article IV mission
The authorities have consented to the publication of the staff’s findings
Strengthening the medium-term fiscal position is important to respond to potential shocks
Efforts to enhance revenue mobilization and strengthen tax compliance are welcomed
Measures to adjust the fiscal regime of the energy sector and boost non-energy revenue are recommended
Progress in strengthening financial integrity and international tax transparency frameworks is commended
Authorities are encouraged to continue strengthening domestic tax administration in line with international standards

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.