Trinidad and tobago: The Energy Boom and Proposals for a Sustainable Fiscal Policy

Abstract

4-avoid macroeconomic instability; and efficient use of energy resources. In addition, a well designed resource fund could be established to simultaneously accumulate resources for the future and prevent a loss of competitiveness of the nonenergy sector. Where resources must be spent to meet current social needs, mechanisms could be put in place to ensure competitive bidding for various projects and to gauge, to the extent possible, the projects' social return and overall costs, including maintenance costs over the long term. II.