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Friday, November 7, 2025

PM: COVID has created $15 billion hole

by

Shaliza Hassanali
1894 days ago
20200831
Prime Minister  Dr Keith Rowley delivers  his Independence Day message.

Prime Minister Dr Keith Rowley delivers his Independence Day message.

Office of the Prime Minister

Prime Min­is­ter Dr Kei­th Row­ley yes­ter­day ad­mit­ted the COVID-19 pan­dem­ic has dev­as­tat­ed our ef­forts in the tourism mar­ket, cre­at­ing a $15 bil­lion hole which is like­ly to im­pact the coun­try’s up­com­ing bud­get con­sid­er­ably.

A fur­ther fall out of the pan­dem­ic, Row­ley said: “We are on the verge of hav­ing an in­ter­na­tion­al la­bel at To­ba­go’s Mag­dale­na that is now in lim­bo and even Car­ni­val, more than like­ly will be a ca­su­al­ty.”

Fi­nance Min­is­ter Colm Im­bert is ex­pect­ed to present the na­tion­al bud­get in the com­ing weeks.

Row­ley said the coun­try has seen some dark times in the past which we bat­tled.

One in­stance, he said, was in 2015 when his Gov­ern­ment as­sumed of­fice and dis­cov­ered in­suf­fi­cient funds in the na­tion­al trea­sury and col­laps­ing rev­enues, but was able to find cre­ative ways “to keep the lights on,” promis­ing the Gov­ern­ment will plan and ex­e­cute as they have been do­ing.

“This time, 2020, is one such chal­leng­ing pe­ri­od,” Row­ley point­ed out. Row­ley in his first In­de­pen­dence Day ad­dress to the na­tion last night af­ter be­ing re-elect­ed spoke at length about the virus which has neg­a­tive­ly im­pact­ed economies world­wide.

“We all ex­pect this pan­dem­ic will pass, even­tu­al­ly, but our fu­ture and for­tunes can­not be just tied to the pass­ing of Covid-19. It must be built on us grow­ing, on our sow­ing and build­ing, on us thriv­ing in new busi­ness­es and in new ways while we make our na­tion­al re­cov­ery and pas­sage through these dif­fi­cult times, no mat­ter how long they last.”

Stress­ing that T&T was no dif­fer­ent from any oth­er in the world––from the rich­est to the poor­est where there is a lim­it­ed amount of hos­pi­tal beds and ven­ti­la­tors, a lim­it­ed num­ber of doc­tors, nurs­es and per­son­al pro­tec­tion equip­ment––the PM said, “We have so far held among the best in the world on the man­age­ment of Covid.

“As the virus pro­gress­es through its nat­ur­al cy­cle to­day, we and 146 oth­er coun­tries are fight­ing com­mu­ni­ty spread.”

The PM said now was not the time for fun, frol­ic and brava­do which would in­vite un­speak­able dis­as­ter.

He said T&T, like the rest of the world “may yet feel its full fe­ro­cious­ness and we still have no idea when it is go­ing to end. If we do not do this with dili­gence and sus­tained so­cial re­spon­si­bil­i­ty, our med­ical sys­tem will be over­whelmed, with the po­ten­tial of a col­lapse, pos­ing then fur­ther dis­as­ters for us all.”


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