REVIEW OF THE ECONOMY 2013
46
SUSTAINING GROWTH, SECURING PROSPERITY
OVERVIEW
During the period October 2012 to April 2013,
operations of the Rest of the Non-Financial
Public Sector
1
recorded a surplus of $273.9
million, compared to a surplus of $469.9
million realised in the corresponding period of
fiscal 2012. State Enterprises
2
accounted for a
surplus of $5,776.0 million while Public Utilities
3
accounted for a deficit of $926.7 million.
Capital Transfers from Central Government
1
Rest of Non-Financial Public Sector refers to the consoli-
dation of the operations of twelve (12) State Enterprises
(which represent approximately 80 percent of the opera-
tions of State Enterprises) and six (6) Public Utilities.
2
State Enterprise refer to the consolidated operations of
thirteen (13) companies, namely: National Maintenance
Training & Security Co., National Gas Co., National Heli-
copter Services Ltd., National Quarries Co. Ltd., National
PetroleumMarketing Co., Petroleum Co. of Trinidad &
Tobago, Trinidad & Tobago Mortgage Finance Co., Point
Lisas Industrial Port Development Co., Trinidad & Tobago
SolidWaste Management Co. Ltd., Trinidad Nitrogen Co.
Ltd., Urban Development Corp. of Trinidad & Tobago, Ve-
hicle Management Corp. of Trinidad & Tobago, and National
Infrastructure Development Co. Ltd.
3
Public Utilities refer to the consolidated operations of six
(6) companies, namely: Airport Authority of Trinidad & To-
bago, Port Authority of Trinidad & Tobago, Public Transport
Service Corp., Telecommunications Services of Trinidad
& Tobago, Trinidad & Tobago Electricity Commission, and
Water & Sewerage Authority.
increased by $317.2 million to $787.8 million.
Of this amount, $152 million was transferred to
State Enterprises and $635.5 million to Public
Utilities. Current Transfers from Government to
State Enterprises decreased by $39.7 million
and increased by $71.3million for Public Utilities.
CASH OPERATIONS
Cash Operations of the consolidated Rest of
Non-Financial Public Sector generated an
operating surplus of $4,849.3 million during the
seven months of fiscal 2013, which was 58.0
percent higher than the surplus generated in the
comparative period of the previous year.
The main contributors to the net operating
surplus included the Petroleum Company of
Trinidad and Tobago (PETROTRIN) ($4,081.6
million), the National Gas Company (NGC)
($1,921.0million), and to a lesser extent Trinidad
Nitrogen Company Limited (TRINGEN) of
$536.6 million. The increase in PETROTRIN’s
operating surplus over that of the previous
year was largely on account of the reduction in
foreign crude purchases. At the same time, the
operating revenues of the NGC increased as
REST OF THE NON-FINANCIAL
PUBLIC SECTOR OPERATIONS
Overview
Cash Operations
Current Transfers to State Enterprises and Public Utilities
Capital Expenditure
Capital Transfers from Central Government
REST OF THE NON-FINANCIAL PUBLIC SECTOR OPERATIONS
