Senior Reporter
akash.samaroo@cnc3.co.tt
The Prime Minister is receiving praise for amalgamating the functions and responsibilities of the Ministries of Planning and Finance by placing each substantive minister to assist the other by way of additional portfolios.
On May 13, Planning Minister Kennedy Swaratsingh was given the additional portfolio as Minister in the Ministry of Finance to work alongside Minister Davendranath Tancoo.
Two days later, on May 15, the Finance Minister was given the extra responsibility of being a minister in the Ministry of Planning, Economic Affairs and Development.
This was recently announced in the Trinidad and Tobago Gazette.
Guardian Media understands this will not result in each minister receiving an additional salary.
Commenting on Kamla Persad-Bissessar’s decision to place him in the Ministry of Finance, Swaratsingh said yesterday it was a “clever” move.
“The Prime Minister felt that both myself, Minister (Davendranath) Tancoo and the Minister of Trade (Satyakama Maharaj) have to work closely together as we seek to reshape the diversification portfolio and general work in the economy,” Swaratsingh explained.
He added, “So Minister Tancoo, I think the Prime Minister would want him to play a role in my ministry and that Minister Tancoo, the Minister of Trade and myself will form a sort of a team to address the economic direction under the direction of the Prime Minister.”
The minister said the Prime Minister has put them in “clusters” and this will allow the ministries to focus on a group of activities that will generate business, trade and facilitate economic activity.
Swaratsingh served as Minister of Public Administration under the Patrick Manning-led PNM in 2007.
Good way for Govt to operate
Meanwhile, political scientist, Dr Bishnu Ragoonath saw the move as working in the best interest of the country.
Ragoonath said this will also benefit the Ministry of Planning, a portfolio which he claimed has been neglected in the past.
“That is the way the Government should operate because Planning is a critical ministry that for whatever reason in the past governments often see it as an illegitimate child, and they never put that emphasis on planning. Planning should be a critical ministry that should drive all other ministries. When you look at some of these ministries, the importance of some of them have been downplayed by prior governments and I think it’s important we put back emphasis on some of these ministries,” Ragoonath explained.
Political analyst Dr Shane Mohammed said the “multi sectoral” approach was needed at this time.
“So, you have these clusters where ministers are working in tandem with each other. Their policies are going to inform each other so there’s a more holistic approach to governance. And when the PM asks a question to a minister and he cannot answer, there are other ministers that you will turn to ask if he is right or wrong. So, it’s greater accountability from a Prime Ministerial level as well.”
Mohammed added that this will also benefit someone like Tancoo who has had no prior Cabinet experience. He referred to the recent about turn on property tax refunds.
“I think it is important that she did it very early and she’s able to utilise the resources in front of her to make sure those who are new and learning, learn quickly and are whipped into shape as quick as possible so you do not have another scenario like Tancoo.”
Economist Dr Vaalmiki Arjoon believes the move by the Prime Minister will allow the ministries of Finance, Planning and Trade to streamline decision-making while rapidly identifying new revenue streams and diversification opportunities.
“With this framework, the Planning Ministry’s development strategies can be costed, sequenced, and swiftly incorporated into the annual budget. This can significantly reduce the time taken from planning to appropriation that often delays projects. Aligning trade policy with fiscal measures also enables industrial incentives and export-market initiatives such as tax credits etc, to reinforce each other instead of pulling in different directions. The result boosts investor confidence, optimises resource allocation, and guarantees a unified economic vision geared towards diversification and faster revenue generation,” he explained.