Mission
To source, produce and analyse accurate and reliable data locally, regionally and internationally to generate reports that inform the development of effective and efficient macro-economic policies.
Vision
Nationally, to be the most trusted source of macro-economic data, analyses and economic policy recommendations for Trinidad and Tobago.
Overview
Cabinet by Minute No. 1585 of June 12, 2008 approved the establishment of the Economic Management Division (EMD) and by Minute 1294 dated June 27, 2019 Cabinet agreed inter alia to the restructuring of the EMD.
The proposed restructuring would engender greater sustainability and confidence in the Ministry’s Medium Term Fiscal Framework (MTFF) with the objectives of fiscal sustainability and macroeconomic stability. One key output from the MTFF is an aggregate expenditure ceiling which is to be observed in budget formulation, approval and execution.
Essentially, these would set the macroeconomic parameters for the annual budget that would enable the Minister of Finance to determine within a multiyear context, Government’s revenue envelope, set the target for the fiscal deficit or surplus, and Government’s resultant overall expenditure level.
Values
- Professionalism
- Integrity
- Staff Empowerment
- Task Oriented
- Teamwork
- Timely Delivery
Roles and Functions
The EMD is primarily responsible for sourcing, producing and analysing accurate and reliable economic data locally, regionally and internationally to generate reports that inform the development of effective and efficient macro-economic policies.
The EMD is also responsible for developing a Medium Term Fiscal Framework (MTFF) to aid in establishing the macroeconomic parameters for the annual budget, as well as the annual preparation of the Review of the Economy document which is presented alongside the national budget in Parliament.
Additionally, the Division coordinates technical, economic monitoring and surveillance visits and activities by credit rating agencies and multilateral institutions as well as oversees the renewal of the country’s parametric insurance annually.
The EMD prepares responses to Parliamentary questions and also administers both the Foreign Investment Act and the Brewery Act on behalf of the Minister of Finance.
The EMD also has responsibility for the administration of various Government capital subscriptions to multinational and regional banks, as well as engages various bodies under CARICOM in relation to the development of regional policies relevant to the Ministry of Finance.
Contact Information
Economic Management Division (EMD)
Ministry of Finance
Level 2, Finance Building
Eric Williams Financial Complex
Independence Square
Port of Spain
Telephone (868) 612-9700 ext. 5106