Every dollar counts: improving extractive revenue collection is key for Trinidad and Tobago

Trinidad and Tobago’s 2014 and 2015 Report show declining revenues and highlight the need for improved revenue collection systems

The Trinidad and Tobago’s EITI (TTEITI) latest report reveals that in 2015 the country received USD 3.3 billion in revenues from the extractive sector. This is a 27% decline from 2014. Despite depressed gas prices, the government avoided an even more drastic reduction in revenues. This was mainly due to an increase in dividends paid by the national gas company NGC.