The Ministry of Finance has signalled the re-introduction of Property Tax. Most of the population already know it’s the law, they know it’s not new and they know it obtains in other countries.
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How does PP score on economic front?
As T&T enters the 2015 general election cycle, the electorate is going to start asking the Government the following four questions:
• Where has the money gone?
• Have I, as an individual voter, benefited from the stewardship of the People’s Partnership (PP) administration?
• Has the PP been a good steward of the country’s patrimony?
• Is T&T more or less able to manage the volatility of the international economy than before May 2012?
Given this country’s history, it is to be expected that the opposition party (or parties) will argue that:
1) The administration has squandered billions of dollars in wastage
2) Members of the Government have siphoned off hundreds of millions, if not billions of dollars, into secret, foreign bank accounts as a result of corruption
3) The only real beneficiaries of the PP’s time in government have been the party and its friends and family
4) The PP’s management of the economy has been below par
5) The economy is in a more precariously vulnerable position at the upcoming general election than it was at the last general election
Of course, it is also to be expected that the PP administration will stoutly defend its stewardship of the economy, arguing that the majority of the population has benefited from its policies.
Government officials will, no doubt, point to “evidence” of corruption in the last People’s National Movement (PNM) administration, while denying that a single dollar has been sequestered by their side as a result of corruption.
The current administration’s officials will argue that while the PNM wasted billions in constructing high-rise buildings in downtown Port-of-Spain, the PP has focused on building hospitals and schools, repairing the country’s potholed roads and generally improving the quality of life of the population.