The Impact of Declining Central Government Transfers and Subsidies on the Household Sector: Implications for Financial Stability (Working Papers, WP 03/2022)

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Following the collapse of crude oil prices in 2014, in an attempt to narrow the fiscal deficit, the Government of the Republic of Trinidad and Tobago embarked on a concerted effort to reduce expenditure by streamlining ‘transfers and subsidies’ – support that has historically run at high costs.

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