The Government has allocated $50 Million for the purchase of laptops for needy students in the 2020/2021 Budget.
Over the next ten years, the Government will construct 25,000 homes for applicants of the Housing Development Corporation (HDC).
The COVID-19 pandemic put a harsh spotlight on this country’s food security and Finance Minister Colm Imbert says, the Government will now do all it can to ensure that this country can feed itself.
The establishment of a Tech Investment Fund and a Tech Promotions and Development Company will be part of the Government’s new thrust into creating a digital economy.
Home and property owners will soon be mandated to provide the Commissioner of Valuations with their property’s value, as the Government gets ready to start the collection of property tax.
This, according to Finance Minister Colm Imbert, as he presented the 2021 fiscal package in Parliament.
It’s Budget Day and every year like clockwork, motorists flood gas stations, in anticipation of an increase in fuel prices.
As Finance Minister Colm Imbert prepares to deliver perhaps the Government’s most challenging fiscal package, Caribbean economist Dr Claudius Preville says increasing taxes will only leading to a shrinking of the economy.
Preville spoke at the Oropouche East Constituency virtual Pre-Budget Consultation at the Oropouche East Constituency Office in Debe. Explaining that Gross Domestic Product (GDP) is a function of consumption, investment, government spending and Net Trade Flows, he said that with T&T’s debt already high, there is a need to reduce its reliance of external borrowing.
“If consumption is positive, people are spending money in the economy, GDP goes up. If an investment is being done, whether it is a foreign or local investment, GDP goes up. Whatever the Government spends on, the GDP goes up and if the Net Trade Flows are positive, meaning if exports exceed imports, again the GDP goes up.
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As the Minister of Finance prepares to deliver the T&T FY2022/2023 budget speech later today, this week we at Bourse focus on the expenditure side of the budget equation. Notwithstanding some reductions from peak levels in recent years, Total Expenditure by the state has remained notably “sticky.”
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.
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