7
Financing of the 2014 Public Sector Investment Programme
16.
The 2014 PSIP comprises $3,829.6 million from the Consolidated Fund and $4170.4 will
be sourced from the IDF. Grants, external loans, and general revenue will account for 100 per
cent of the PSIP financing. Table III below illustrates that the Public Sector Investment
Programme will be funded mainly by domestic funds of $7,818.7 million or 97.7 per cent and the
remaining $181.3 million or 2.3 per cent of funding will be sourced from external institutions.
Table III
Financing of Capital Expenditure - 2014
Sources of Financing
TT$ Mn
%
Consolidated
3,829.6
47.86%
External
161.3
2.01
Loans
158.3
1.98
Inter-American Development Bank
124.3
1.55
ANZ Bank
8.5
0.11
US Exim Bank
25.5
0.32
Grants
3.0
0.03
European Union
3.0
0.03
Domestic
3668.4
45.85
General Revenues
3668.4
45.85
IDF
4170.4
52.14%
External
20.0
0.25
Loans
20.0
0.25
Inter-American Development Bank
20.0
0.25
Domestic
4150.4
51.88
General Revenues
4150.4
51.88
Total
8000.0
100.0
17.
The Consolidated Fund of $3,829.6 million will be financed by $3,668.3 million in
general revenue, $124.3 million in loans and a grant of $3 million from the European
Community. The Inter-American Development Bank (IDB) remains the major source of loan
financing contributing $144.3 million.
