7
THREE YEAR PUBLIC SECTOR INVESTMENT PROGRAMME
2014-2016
Size of the Three-Year PSIP 2014-2016
25.
A sum of $14,017.5 million is proposed to be invested by the Government over the three-
year period 2014-2016. This proposed sum is based on a request of $60,175.3 million made by
the Ministries, Local Government and the THA for the period.
Financing of the Three-Year PSIP 2014-2016
26.
Funding for the period will be sourced mainly from the Consolidated Fund in the amount
of $7,921.8 million or 57 per cent of the estimated total funding required, and $6,095.7 million
or 43 percent will be provided via the Infrastructural Development Fund (IDF). Additionally,
loan funding will support key projects and programmes over the period. The main contributors of
loan funds will be the Inter-American Development Bank (IDB) and Exim Bank. However,
Government revenue will continue to provide the majority of funding for the PSIP.
Strategic Priority Allocations
27.
Table I below shows the proposed allocation over the three year period in the amount of
$14,017.5 million shared across the five (5) Strategic Priorities and the Facilitative Priority
initiatives as follows:
Table I
PSIP 2013-2015 - Funding by Strategic Priorities
(TT$Million)
Strategic Priorities
Total
Allocation
Percent
%
Crime and Law and Order
1,455.7
10.4
Agriculture and Food Security
500.9
3.6
Health Care Services and Hospitals
1,264.8
9.0
Economic Growth, Job Creation, Competitiveness
and Innovation
5,240.4
37.4
Poverty Reduction and Human Capital Development
4,517.1
32.2
Facilitative Priority Initiatives
1,038.6
7.4
Total
14,017.5
100.0
Source: Ministry of Planning and Sustainable Development
