30 Business View Caribbean - Nov 2014
over the receipts of fiscal 2013. Total Expenditure and
Net Lending is estimated at $64,788.3 million or 36.2
percent of GDP, approximately the same proportion of
GDP as fiscal 2013.
The Overall Balance of the Rest of the Non-Financial
Public Sector recorded a deficit of $3,293.3 million for
the first half of fiscal 2014 as compared to a surplus
of $65.4 million for the same period of fiscal 2013.
The operational deficits on the State Enterprises and
Public Utilities accounts reflected the performance for
the period.
Net Public Sector Debt is projected to increase by
10.7 percent from $70,929.5 million in fiscal 2013 to
$78,494.7 million by the end of the current fiscal year.
Net Public Sector Debt as a percentage of GDP is ex-
pected to increase by 3.3 percent from 40.4 percent in
fiscal 2013 to 43.4 percent in fiscal 2014.
The Net Asset Value of the Heritage and Stabilisation
Fund increased to US$ 5,563.3 million, at the end
of the third quarter in fiscal 2014. The positive per-
formance of the fund is due solely to gains from the
investment portfolio of the Fund as no deposits were
TRINIDAD AND TOBAGO
