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Source: Trinidad and tobago : The Energy Boom and Proposals for a Sustainable Fiscal Policy

Volume/Issue: 2005/197

Series: IMF Working Papers

Author(s): International Monetary Fund


Publication Date: 01 October 2005

ISBN: 9781451862164

Keywords: oil boom, permanent income hypothesis, oil and gas, natural gas, gas production, oil prices, Macroeconomic - Aspects of Public Finance, Macroeconomic Policy, and General Outlook, National Government Expenditures and Related Policies

Trinidad and Tobago is experiencing an energy boom stronger than the ones in 1970s and 1980s. The main fiscal policy challenge is to ensure that the increased revenues from the ultimately exhaustible resources are...