Last update: 13-Dec-2013 3:20 am
Friday, December 13, 2013
Trinidad & Tobago Guardian Online
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London seeks post-budget talks with Howai
Tobago House of Assembly (THA) Chief Secretary Orville London is seeking an urgent meeting with Finance Minister Larry Howai to discuss financing options for Tobago in light of the $2.4 billion allocation provided in the 2014 budget. In a letter to Howai, London wrote that following recent passage of the Appropriation Bill (2014) with no amendments to the THA allocation, he wanted to “reiterate my concerns over the said allocation.”
“This concern relates to several recurrent and development programme issues, but particularly to the financing of our major ongoing capital projects,” London wrote. He said financing options were necessary to ensure major projects in Tobago are not stalled due to lack of appropriate funding. “Indeed, a failure to address this matter can have quite deleterious consequences for the performance of the Tobago economy in the coming months,” he said.
London told a weekly post Executive Council media briefing on Wednesday that Howai has always treated the THA with respect and he is hoping the meeting will be held before an October 24 plenary session of the THA when the allocation will be discussed. The THA had asked for an allocation of $4.95 billion for the year.
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