Trinidad & Tobago Budget 2014 - page 555

2
2013 applied nine (9) evaluation criteria in the selection of projects and programmes for funding
in the PSIP, guided by three (3) thematic principles as follows:
I.
Seeking to remove/reduce
a.
Annual/Legacy (long-standing) projects: Multi-year programmes and projects
for which there are no end-dates or specific strategic outcomes and which are
deemed to be “annual”
b.
Recurrent Activities: Following the completion of a project, recurrent costs
such as maintenance and operational costs should be funded under the
Recurrent Budget
c.
Duplication of projects within and among Ministries/Agencies: Requests for
funding for similar activities should be funded under either the PSIP on the
Recurrent Budget. Further, for those Ministries/Departments with similar
projects, the most logical agency that should receive funding will be
determined by the Ministry of Planning and Sustainable Development
d.
Projects from revenue-earning institutions: Institutions which are able to
finance their own projects (either through their own revenue streams or
through privately secured loans/grants), should not have their projects and
programmes funded under the PSIP
II.
Assessing projects to determine
e.
Developmental Impact: Projects and programmes that have a high impact
would be given priority consideration for funding in the PSIP. High-impact
projects are those that are regarded as having the greatest potential in attaining
the objectives of the five strategic priority areas. These projects must address
the following:
Visibility (where a large number of stakeholders will benefit from the
outcome of the project)
Community Building (projects that will improve the quality of life of
communities)
f.
Employment Creating Potential: Projects and programmes that lead to the
creation of jobs on a sustained basis during both the implementation and
operational phases would be given priority consideration for inclusion in the
PSIP
III. Project implementation readiness
g.
Projects with firm contractual obligations are in alignment with Government‟s
strategic priorities will be given priority consideration for inclusion in the
PSIP
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