affairs has been somewhat subdued increasing from 2382 mn in 2004 to 4638 mn in

Affairs has been somewhat subdued increasing from

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affairs has been somewhat subdued, increasing from $2,382 mn in 2004 to $4,638 mn in 2015. Charts 2 and 3 above, show the proportion of total expenditures allocated to the various functional expenditure categories by percentages. Although spending on general public services accounted for the largest portion of total government expendi- ture, its share consistently declined throughout the period, falling from 40 percent in 2004 to 29 per- cent in 2015. In contrast, the largest increase in the allocation of expenditure occurred in social protec- tion, which increased from 11 percent in 2004 to 22 percent in 2015. Housing and community amenities also recorded an increase in its share of expenditure for the period from one percent in 2004 to six per- cent in 2015. Although spending on public order and safety, education and health accounted for a similar individual proportion of total expenditure in 2004 and 2015, respectively, their actual expen- ditures increased significantly due to the overall increase in total spending. Although the amount spent on economic affairs represents the fifth highest level of expenditure among the various categories, spending on eco- nomic affairs as a share of total expenditure, fell throughout the period from 13 percent in 2004 to eight percent of expenditure in 2015. However, spending on economic affairs increased marginally from an estimated 2.8 percent of Gross Domestic Product (GDP) in 2004 to approximately 3.1 percent of GDP in 2015. 41 41 Estimates based on GDP figures taken from the Ministry of Finance, Review of the Economy 2007-2016 CHART 2: EXPENDITURE BY FUNCTION, 2004 (%) * Includes expenditures not classified by a major group ** Includes expenditure on police & fire protection, law courts, prison administration and personnel *** Data for environmental protection N/A CHART 3: EXPENDITURE BY FUNCTION, 2015 (%) * Includes expenditures not classified by a major group ** Includes expenditure on police & fire protection, law courts, prison administration and personnel *** Data for environmental protection N/A
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In 2002, the Government of Trinidad and Tobago embarked on a journey to make Trinidad and Tobago a developed country by the year 2020. The Plan was known as Vision 2020 and artic- ulated a vision that would bring prosperity and a higher quality of life for all citizens of Trini- dad and Tobago. The process of developing the Vision 2020 Plan was led by a Multi-sectoral Group that was chaired by Mr. Arthur Lok Jack and comprised private and public sector experts. Vision 2020 was embraced by persons from var- ious segments of the society and culminated in a comprehensive consultative process involving 28 Vision 2020 Sub-committees. The commit- tees comprised sector experts from the public and private sectors, labour, academia, civil soci- ety and international development agencies. As a result, over 80 consultations were held across the length and breadth of Trinidad and Tobago.
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