Budget 2025: THA receives 4.3 per cent of National Budget

  • Sep, Mon, 2024
  • ICTS


For Fiscal 2025 Tobago has received 4.35 per cent of the total national budget or an allocation of $2.599 billion. 

According to Finance Minister Colm Imbert during his Budget Presentation on Monday, of that total, $2.376 billion is for Recurrent Expenditure; $205 million is for the Development Program expenditure, and $18 million is for the URP and $9.2 million for CEPEP.

According to the minister, the total allocation to the Tobago House of Assembly in 2025 represents an increase of $22.756 million over the allocation of $2.576 billion in Fiscal Year 2024.

He added: “I am also pleased to report that the THA will receive its full allocation for Fiscal Year 2024.”

The minister explained however that some of this expenditure by Central Government in 2025, funded outside of the THA’s budgetary allocation, but essential to the development of Tobago, will include expenditure on the:

  • Tobago Airport Terminal project at a cost of $400 million;
  • Roxborough Fire Station Headquarters at a cost of $1.9 million;
  • Desilting of the Hillsborough Dam at a cost of $7.5 million;
  • Upgrade of the National Energy Skills Centre in Goldsborough at a cost of $1 million;
  • Tobago Technology Centre at a cost of $1 million;
  • UTT Tobago Campus at a cost of $600,000;
  • Upgrade of Dwight Yorke Stadium at a cost of $4 million;
  • Little Rockley Bay stabilization works for Magdalena Hotel at a cost of $3 million; and
  • Meteorological Services equipment at a cost of $3 million.

Further, Imbert revealed that a request for proposals to develop a yachting marina in Lowlands in Tobago, (just southwest of the Petit Trou Lagoon), on lands is currently being acquired by the government from the Plantations Estate.

Imbert said this will be a private-public partnership and will involve the following features:

  •  Docking facilities for at least 50 pleasure craft, both power and sail, up to 18 metres in length;
  •  Storage facilities on land for a further 50 pleasure craft;
  •  Refuelling, washing and repair facilities, marine and boat chandlers stores and a restaurant;
  •  A slipway to transfer a trailered boat into the water;
  •  A travel lift and forklifts for lifting boats out of the water and transporting them to the hard stand; and
  • A breakwater and dredged approach channel and basin.





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