1
INTRODUCTION
1.
The Public Sector Investment Programme (PSIP) is a budgeting and strategic planning
tool employed by the Government, to translate its plans into tangible projects and programmes.
These programmes support the nation‟s social and economic transformation agenda which
thereby improve the quality of the life of citizens of Trinidad and Tobago. As the capital
expenditure component of the National Budget, the PSIP is focused on projects and programmes
that would achieve sustainable development.
2.
The 2014 PSIP maintains the approach adopted in 2013, that is, determining the annual
allocation for programmes and projects based on alignment to the aims and objectives of national
development over the medium term as outlined in the Medium-Term Policy Framework (MTPF)
2011-2014. Specifically the MTPF outlines Government‟s five (5) national strategic
management and sectoral policies to create a secure, prosperous and sustainable nation. In 2013
a sixth priority was included in the PSIP to guarantee the creation of strong institutions to ensure
effective governance within the Public Sector. The six (6) strategic priorities are:
Crime and Law and Order
Agriculture and Food Security
Health Care Services and Hospitals
Economic Growth, Job Creation, Competitiveness and Innovation
Poverty Reduction and Human Capital Development
Facilitative Priority Initiatives – Good Governance
3.
Additionally, to provide more in-depth focus on the priorities for national development
the 2014 PSIP is aligned to the National Performance Framework (NPF) 2013-2016. The NPF,
which was launched in January 2013, links national policies and strategies with results and
outcomes that can be measured against targets and indicators to be achieved in the medium to
long term. The PSIP therefore is the core strategy that ensures that the correct projects and
programmes are funded to realise the development targets as outlined in the NPF. It is
imperative that for effective and efficient utilisation of resources a robust system of project and
programme selection is undertaken to fund the initiatives that would lead to the greatest
development impact.
4.
With many new and on-going projects carded for 2014, and after the successful
reintroduction of the three-year PSIP in 2013, the 2014 PSIP continues to focus on those projects
and programmes that will create jobs, build the economic, social and environmental
infrastructure for development and increase sustainable earnings for future generations.
5.
The principal goal of the PSIP is to ensure that capital investment will significantly and
positively impact - national development. Therefore in preparing the 2014 PSIP, the Ministry of
Planning and Sustainable Development, in accordance with the Call Circular No 3 of March 12,
