Beyond the gas projects, what matters most to families

Economist Dr. Marlene Attzs analyzed the Budget 2027 for the Diocese of Port of Spain, noting how proposed fiscal measures affect the daily expenses of families in Trinidad and Tobago. While the budget includes an additional $250 monthly payment for pensioners and other eligible recipients, Attzs points out that this increase amounts to approximately $8.33 per day. She suggests that while this provides relief for groceries or medication, the rising cost of essential goods may diminish the actual purchasing power of the extra funds.

The budget also introduces a surcharge on electricity usage. Under the proposal, households using 3,000 units or less will not pay the surcharge. For households consuming more, such as 3,500 units, the first 3,000 units remain exempt, while the remaining 500 units would incur a cost of five cents per unit, resulting in a $25 increase. Attzs concludes that while financial assistance offers relief, it cannot replace the need for more secure household incomes, stronger local production, and better employment opportunities.