Senior Reporter
jensen.lavende@guardian.co.tt
Economist and Independent Senator Dr Marlene Attzs is hoping to see a strengthened relationship between this country and Venezuela through solidified gas deals being identified in this year’s Budget presentation.
Prime Minister Kamla Persad-Bissessar and Venezuela’s acting President Delcy Rodríguez buried the hatchet during their visit to the United Nations General Assembly in New York last month. Persad-Bissessar was invited to Venezuela and extended an invitation to Rodríguez, with experts hoping that the gas deal between the two countries can finally get off the ground.
Speaking outside the Red House yesterday, Attzs said her hope was for the Government to go a notch above the typical rhetoric.
She added that her hope was for Finance Minister Davendranath Tancoo to address debt management during his presentation.
“There’s always been a conversation around the appetite, the healthy appetite on the international market to provide Trinidad with loans, which is a good thing because there’s a confidence in the economy, but it also adds to our debt burden, so I would love to hear about what is the status of that.”
Another key component, she said, was Tancoo’s handling of wage negotiations, calling on him to make provisions for them in the Budget, unlike what was done last year when there was no mention of paying settled negotiations, particularly the Public Services Association.
She added, “I would like to see some settling down in terms of what is the economic plan for Trinidad and Tobago moving forward, not simply doing housekeeping and addressing some of the issues that they would have inherited, but looking at setting a clear path for Trinidad and Tobago for the fiscal 2027 and certainly until 2030 when a next election is constitutionally due.”
Following last year’s Budget announcement that removed one dollar per litre from super gasoline, Attzs said the Government reported it to be an additional $300 million expense. Her Senate colleague, Minister of Trade, Investment and Tourism Satyakama Maharaj, said his aim was to continue the Government’s thrust to improve the country’s diversification plans.
“We are focused on the diversification of the economy, beyond oil and gas, on three platforms: trade, investment, and tourism. We are facilitators and policy-makers, and we are focused on encouraging the private sector, locally and internationally, to invest and recreate the environment for them to do so.”
The possible construction of artificial intelligence data centres is one such aim, he said, adding that the country should capitalise on the growing need for digital expansion.
“You are marketing worldwide. You provide a service; you can market worldwide. You know, 23 per cent of all retail worldwide now is online. What have we done about it? We are just observers. We should be participants and leveraging that.”
His Cabinet colleague, Minister of Planning and Artificial Intelligence Dominic Smith, said he was not prepared to discuss what he asked for but assured that whatever is allocated will be used for the benefit of the country. Smith said there has been no confirmation, as yet, on changing the name of his ministry after the Prime Minister adopted the United States’ rebranding of the term artificial intelligence to “super intelligence.”
Meanwhile, Opposition Senator Sanjiv Boodhu said the Budget will be “more of nothing.”
“What I expect from the Budget? More of nothing. I don’t expect there to be anything that is changed. The Government hasn’t changed its pattern of behaviour, the way that they govern. They have not introduced any fiscal measures, any economic stimuli. Anything at all that tells the population that we should expect anything nice in the Budget. Notwithstanding what they have labelled it to be. I can’t think of one thing that tells me that we expect anything better from the Budget.”
Boodhu added that whether it was 60,000 or 100,000, thousands of people lost their jobs in the last 18 months since the Government assumed office. He said because of that, no one should expect anything “nice” in the Budget.
