1. It’s been well reported that #TrinidadandTobago’s deep water #oilandgas bid round disappointed. Even more disappointing is the consequence that outcome will now have on the country’s economic growth.
2. There’s been no overall economic growth in TT since the @thepnmparty government came to power in 2015 - see the dashed red line in the chart below. 
3. In large part this is because #Trinidad’s #oilandgas production has fallen dramatically since 2015 - see bottom left and top right in the chart below.
That fall in production has led to a consequential fall in government revenue - see top left in the chart below.
That fall in production has led to a consequential fall in government revenue - see top left in the chart below.
4. Although the economy would still be smaller than in 2015, the IMF was forecasting that it would grow by 5.5% in 2022. However, that growth rate depends upon new energy projects, including the deep water round - see below.
5. Without new energy projects, which depend upon fiscal reform, #TrinidadandTobago will continue to suffer from no or little economic growth. @ImbertColm recognised this back in 2015 when giving his first budget - see below (energy prices have strongly recovered).
6. The lack of economic growth over the past seven years & the absence of the fiscal reform that’s required to create it is a national disaster. @GuardianTT @Newsday_TT @expressupdates @TTEnergyChamber @UNCTnT @MPKamla must redouble their efforts to hold the government to account
7. The IMF charts are quotes are available at elibrary.imf.org/downloadpdf/jo….
8. For more, see ab-76.blogspot.com/2022/06/broken….
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