{"id":1000942,"date":"2026-06-21T01:46:13","date_gmt":"2026-06-21T05:46:13","guid":{"rendered":"https:\/\/www.planning.gov.tt\/newsite\/?p=1000942"},"modified":"2026-06-21T01:47:42","modified_gmt":"2026-06-21T05:47:42","slug":"minister-2-9b-mid-year-injection-key-to-crime-fight-economic-growth","status":"publish","type":"post","link":"https:\/\/www.planning.gov.tt\/newsite\/minister-2-9b-mid-year-injection-key-to-crime-fight-economic-growth\/","title":{"rendered":"Minister: $2.9B mid-year injection key to crime fight, economic growth"},"content":{"rendered":"\t\t
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This article was featured in the T&T Guardian.<\/p>

Akash Samaroo: June 18, 2026<\/p>

https:\/\/www.guardian.co.tt\/news\/minister-29b-midyear-injection-key-to-crime-fight-economic-growth-6.2.2608664.9f1af76e23<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Planning Minister and Minister in the Finance Ministry Kennedy Swaratsingh says Government\u2019s $2.9 billion mid-year supplementation is aimed at strengthening national security while creating the conditions necessary for long-term economic growth.<\/h1><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Contributing to debate on the Finance (Supplementation and Variation of Appropriation) (Financial Year 2026) Bill in the Senate yesterday, Swaratsingh argued that crime reduction and economic development are closely linked, saying businesses and investors are more likely to expand and create jobs in a safe and stable environment.<\/p>

A major portion of the supplementary funding has been directed towards national security agencies, including the Trinidad and Tobago Police Service (TTPS), which will receive $64.2 million for uniforms, vehicles, information technology systems, maintenance, rental facilities and logistical support. Funding will also support radar surveillance systems, helicopter maintenance and operational readiness.<\/p>

\u201cAt a time when citizens continue to demand stronger action against crime, we are providing our security agencies with the resources necessary to perform their duties,\u201d Swaratsingh said.<\/p>

\u201cWe cannot build a dynamic economy within an unsafe environment. We are therefore committed to citizen security upon which we will build strong economic growth.\u201d<\/p>

The minister pointed to what he described as encouraging gains in crime fighting, citing figures from the Ministry of Homeland Security which showed that 4,494 crimes were tackled during the administration\u2019s first eight months in office.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Senator Dr. the Hon. Kennedy Swaratsingh, Minister of Planning, Economic Affairs & Development and Minister in the Ministry of Finance in the Upper House.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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He also said the murder rate had fallen by 42 per cent as of December 2025 and that T&T had moved off the list of the world\u2019s ten most violent countries.<\/p>

According to Swaratsingh, continued investment in law enforcement and security infrastructure is necessary to sustain those gains and further improve public safety.<\/p>

Beyond crime fighting, the minister used his contribution to outline Government\u2019s efforts to improve the ease of doing business and attract greater private-sector investment.<\/p>

He acknowledged that businesses continue to face lengthy approval processes, fragmented regulatory systems and inconsistent requirements across government agencies.<\/p>

To address those challenges, he said Government has begun streamlining approvals, improving coordination among agencies, strengthening investment facilitation and creating greater regulatory certainty.<\/p>

\u201cThe ease of doing business reform represents a prerequisite as we seek to attract both domestic and foreign investment,\u201d he said.<\/p>

Swaratsingh revealed that a special finance cluster comprising the Ministers of Finance, Energy, Trade, Foreign Affairs and Planning had been established to identify and remove bottlenecks affecting businesses.<\/p>

He said the reforms are intended to accelerate private investment in non-energy sectors, mobilise capital for industrial and commercial development and improve T&T\u2019s competitiveness.<\/p>

The minister also highlighted Government\u2019s digital transformation agenda, pointing to the work of the National Payments and Innovation Centre, which is introducing online payment services across the public sector.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Government has been moving its digitalisation agenda.<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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He said citizens can now purchase Public Transport Service Corporation tickets online, while social welfare payments and services offered by agencies such as the Ministry of Transport are increasingly being moved to digital platforms.<\/p>

\u201cThese initiatives are designed to make life and business easier for everyone in T&T by using technology as an enabler,\u201d he said.<\/p>

Swaratsingh also defended allocations for public utilities, fuel subsidies and social support programmes, arguing that they remain necessary to protect citizens from rising living costs.<\/p>

Funding allocated to the Ministry of Public Utilities will support electricity rebates, street lighting, water services and operational requirements at the Water and Sewerage Authority, while allocations to the Ministry of Energy and Energy Industries will help meet fuel subsidy obligations.<\/p>

He said the fuel subsidy programme helps cushion consumers from higher energy costs, stabilise transportation expenses and limit inflationary pressures.<\/p>

He also noted Government\u2019s decision earlier this fiscal year to reduce the retail price of super gasoline by $1 per litre.<\/p>

Turning to investment and financing opportunities, Swaratsingh said Government\u2019s efforts to stabilise the economy had improved investor confidence and strengthened T&T\u2019s access to financing mechanisms.<\/p>

He noted that Moody\u2019s recent decision to revise the country\u2019s outlook from negative to stable had enhanced investor confidence and signalled improving economic prospects.<\/p>

Swaratsingh said Government is also exploring ways to expand private-sector participation in economic development and improve access to financing for businesses.<\/p>

He maintained that the supplementary appropriation balances fiscal discipline with strategic investment in security, public services, social programmes and economic reforms designed to support sustainable growth.<\/p>

\u201cIn short, our economic activity is improving, our foreign and local investor confidence is being strengthened and there is increased interest in investing in T&T,\u201d he told senators.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

This article was featured in the T&T Guardian. Akash Samaroo: June 18, 2026 https:\/\/www.guardian.co.tt\/news\/minister-29b-midyear-injection-key-to-crime-fight-economic-growth-6.2.2608664.9f1af76e23 Planning Minister and Minister in the Finance Ministry Kennedy Swaratsingh says Government\u2019s $2.9 billion mid-year supplementation is aimed at strengthening national security while creating the conditions…<\/p>\n","protected":false},"author":3,"featured_media":1000943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","footnotes":""},"categories":[44,26],"tags":[],"class_list":["post-1000942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-development","category-news"],"yoast_head":"\nMinister: $2.9B mid-year injection key to crime fight, economic growth - Ministry of Planning, Economic Affairs & Development<\/title>\n<meta name=\"description\" content=\"Planning Minister Kennedy Swaratsingh led Supplementation 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