Finance Minister Colm Imbert faces difficult decisions as he presents the budget for the fiscal year 2022/2023 tomorrow.
Chambers of Commerce in Central are hoping that the Government will not raise the cost of fuel and add more taxes to burden the population.
Motorists will have to pay more for gas at the pump and the cost of living will continue to escalate if the Government acts on its plan to cap the fuel subsidy at $1 billion.
Two of Trinidad and Tobago’s major business chambers are calling for a budget with a focus on stability and improving the ease of doing business.
Cesspool, grass cutting, and drain cleaning operations at the Penal/Debe Regional Corporation (PDRC) have ground to a halt following the government's failure to release funding allocated in the last Budget.
The budget debate ended quicklyon Saturday after the Opposition failed to produce a speaker.
The Couva Point Lisas Chamber of Commerce (CPLCC) is calling on the government to extend the deadline for the tax amnesty.
Education Minister Dr Nyan Gadsby-Dolly has confirmed that 90 per cent of the nation's students are accessing education online.
The Tobago Hotel and Tourism Association (THTA) wants Government to go further in its plans for stimulus initiatives for the tourism sector.
Opposition Leader, Kamla Persad-Bissessar SC MP, is questioning whether the Government is signalling its intention to close down the Trinidad and Tobago National Petroleum Marketing Company (NP), with its proposed move to sell off and privatize all of NP’s gas stations.
Opposition Leader Kamla Persad-Bissessar SC MP says the 2021 Budget has gutted the police service, and this will lead to severe consequences for law and order.
Former Prime Minister and Leader of the Opposition, Kamla Persad-Bissessar SC MP, has challenged the Rowley Administration to take a five percent cut in their salaries, to show solidarity with the poor and struggling citizens of Trinidad and Tobago.
Former Prime Minister and Leader of the Opposition, Kamla Persad-Bissessar SC MP, will be presenting a detailed response to the 2021 Budget Presentation today, in Parliament, from just after 10 this morning.
There is growing concerns that come 2021, many persons may not be able to afford a foreign used car far less a new one, because of the removal of allowances on vehicles announced in the 2020-2021 Budget.
The biggest chunk of the $49.573 billion Budget for 2020/2021 has gone to the Education and Training sector—with an allocation of some $7.93 billion.
The Government will remove fuel subsidies on premium and super gasoline come January 2021, making way for gas station owners to set their own prices for fuel.
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Opposition Leader Kamla Persad-Bissessar says Minister of Finance Colm Imbert’s 2023 Budget presentation is nothing but “fluff, lies and repeated broken promises.”
There were harsh reactions yesterday from people in San Fernando to Minister of Finance Colm Imbert’s announcement during the Budget presentation that fuel prices would be increased with immediate effect. Many feared the hike in fuel will cause a ripple effect and lead to price increases for numerous goods and services.
T&T Registered Nurses’ Association president Idi Stuart believes clinical staff should receive a bigger chunk of the ex gratia payments being made to healthcare workers in the coming fiscal year.
National Security has received a slightly bigger piece of the national Budget than it did last fiscal year with $5.798 billion, a figure that’s just over last year’s budget allocation.
The Chamber of Industry and Commerce has said that while Minister of Finance Colm Imbert presented an optimistic 2023 National Budget, it remains reserved about significant impacts on the economy.
The San Juan Business Association (SJBA) has said it is "a bit concerned" with the projection of the oil price at $92.50 per barrel.
The American Chamber of Commerce T&T (AMCHAM T&T) has welcomed the reduction in tax rates to stimulate upstream oil and gas production.
The Energy Chambers says they welcome the measure put in place by the Ministry of Finance to improve the fiscal environment in the energy sector. In a press release issued today, the Chamber thanked the finance minister for collaborating with the Energy Chamber toward making these changes.
The Trinidad and Tobago Manufacturers’ Association (TTMA) has responded to the contribution of the Minister of Finance, Colm Imbert’s reading of the National Budget, “Tenacity and Stability in the face of Global Challenges”, today in Parliament.
Expenditure: $57.685B (Oil Revenue - $25.019B, Non-Oil Revenue - $30.150 & Capital Revenue - $1.006B)
Finance Minister Colm Imbert has announced another increase in the price of fuel in a bid to reduce the subsidy paid by the Government, during his delivery of the 2023 Budget Statement in the House of Representatives Monday.
Economist Dr Vaalmiki Arjoon is predicting that the price of fuel will be increased, this afternoon.
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