Opposition Leader Kamla Persad-Bissessar says Minister of Finance Colm Imbert’s 2023 Budget presentation is nothing but “fluff, lies and repeated broken promises.”
Addressing members of the media outside the Opposition’s office in Port-of-Spain soon after the presentation, Persad-Bissessar said the Budget ignored what she described as the harsh realities of the economy and that Government was doing the groundwork to justify their reason for going back to the International Monetary Fund.
“It provides no cogent strategic policy prescriptions to halt the ongoing economic contraction by generating new revenue streams,” Persad-Bissessar said.
She said instead of concrete policies designed to get people back to work and the economy back to health, the Budget was littered with click-baiting buzzwords and outright lies.
“The increased fuel prices will further raise the cost of living and food prices. The Minister has boasted that the population have not rioted yet, so the feelings of the people remain unheard.”
Persad-Bissessar said the Budget will only hasten the country’s decline into chaos and disorder and “sets the stage for dangerous times ahead.”
Asked whether certain measures announced can have a direct impact on the country’s crime situation, she stated, “I know there will be an increase in suffering. I will not like to say poverty is the cause of criminality, there are so many other factors.”
With $210 million set to be distributed to over 20,000 healthcare workers for their role during the COVID-19 pandemic, Persad-Bissessar questioned why no provisions were made for police officers.
“He talked about a $210 million for the health sector workers, it sounds really good, but there is absolutely no detail about who, where, what and it reminds me of agriculture in every budget, I’m (Colm Imbert) giving 500 million dollars in incentives and by the end of the year not a cent was spent.
“There is (sic) no details, it is absolutely vague. When you reward a team with the highest national award and other awards at the Republic Day awards, you reward them for presiding over a country that has one of the highest death rates in COVID. Why didn’t you give the TTPS, the TTPS were even more burdened than the health workers.”
Persad-Bissessar also took aim at what she described as “spranger taxes” or “spranger revenue measures,” noting the policies will not create solid measures to earn revenues.
Persad-Bissessar said the Government has pushed the country into a debt trap and debunked claims by Imbert that debt to GDP has been stabilised.
She said while it is uncertain yet as to whether she will take her allotted time to respond to the Government’s budget on Friday, she said the four-hour long presentation by the Finance Minister was unwarranted.
“Of course, I’ll take my four hours if I can, but that was pure sufferation for people, to sit down there for four hours and only listen to fluff.”