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T&T's net public sector debt rises to $170 billion

Trinidad and Tobago's total net public sector debt rose to $120.5 billion, or 71.7 per cent of the country's gross domestic product at the end of July.
 
The data was published in the Central Bank's Economic Bulletin for July 2020.
 
T&T's debt in July 2020 is 16.7 per cent higher that at the end of September 2019, when it totalled $103.2 billion, or 63.7 per cent of GDP.
 
The larger deficit is attributable to a falloff in revenue caused by a slump in energy prices, coupled with a rise in expenditure for support measures amid the COVID-19 pandemic.


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