Tag Archives: Karen Nunez-Tesheira

T&T borrowing $13 billion

Peter D Neptune
November 20, 2009 – guardian.co.tt

Karen Nunez-Tesheira
Karen Nunez-Tesheira
From January 2007 to the end of the current fiscal year, Government intends to borrow more than $13.6 billion to finance the budget deficit, pay for several large government projects and to fund the government’s money supply management strategy for the economy. Responding to a question by the Opposition during private members day in the Senate earlier this week, Finance Minister Karen Nunez Tesheira said the government has already borrowed more than $8.8 billion since January 2007, and plans are already being made to raise another $4.77 billion to continue its strategy into the new fiscal year. The funding needs for the next fiscal year include $2 billion from the domestic market, $2.2 billion from foreign capital markets and another $572.3 million in project related loans. She added that the Finance Ministry was in the process of developing a plan for Trinidad and Tobago’s borrowing requirements for the medium term – that is for the next three to five years beyond the current fiscal period.
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Ministers Doing a Demolition Job on Finance Minister Tesheira

By Stephen Kangal
October 01, 2009
Trinidad and Tobago News Blog

Karen Nunez-TesheiraIt is palpably unsettling to witness the pathetic display of Ministers in the Ministry of Finance (not for the first time), Minister Imbert and including Local Government Minister Hazel Manning attacking with full force the credibility and integrity of Finance Minister Tesheira’s “done deal” property tax. This tax reinforced by Finance Ministry vaulting- ambitious aspirants may very well hasten her imminent political waterloo because she has now been relegated to cold storage. She does not speak on her draconian fiscal measure any more. She has been muzzled.
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No to Increase in Property Tax!

By Sylvan N. Wilson
September 20, 2009

Trinidad and Tobago News Blog

HouseThe Government and in particular the Minister of Finance have been attempting to justify their murderous property tax by arguing that the value of properties has changed since 1948. They have astutely deciphered that properties have increased in value over the last sixty-one years.
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Transforming a Property Owning Nation into Renters

Trinidad and Tobago News Blog

HouseTHE EDITOR: The onerous, burdensome, sting-in-the-tail and exploitative property tax imposed by the Minister of Finance in her barrel-scraping Budget Statement will have the effect of transforming the mentality of a proud and confident, property- owning, diverse population into a nation of transient renters. From childhood I was socialized culturally into not being a renter. Now I am being forced as a fixed income pensioner, after building and living in my own home, to regard and treat myself pschologically as a renter in my own home. A long term renter has no commitment to his community or country. He is always on the move in search of greener pastures. I do not want to be treated as that.
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T&T’s 2009 – 2010 Budget Statement

Trinidad and Tobago News Blog

Calder HartThe text of the 2009-2010 Budget Statement as was presented in the House of Representatives on Monday, September 08, 2009, by the Minister of Finance the Honourable Karen Nunez-Tesheira.

Mr. Speaker, it is a distinct privilege to present to this Honourable House and to the people of Trinidad and Tobago the 2009/2010 Budget. This is the second budget of this Administration in which we continue to implement a progressive programme of development intended to improve the quality of life of our nation’s citizens.
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Karen’s dilemma

By Raffique Shah
Sunday, March 15th 2009
Trinidad and Tobago News Blog

Karen Nunez-TesheiraWhen she entered the political arena and accepted the Cabinet position of Minister of Finance, Karen Nunez-Tesheira must have been familiar with the adage, “In politics, perception is reality.” She would also have been aware that politics exposes office holders to intense scrutiny, and more than that, all politicians are presumed to be corrupt and liars unless or until they prove otherwise. In other words, politics is downright dirty business.
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A matter of integrity and law

Express Editorial
March 14th 2009
Trinidad and Tobago News Blog

Karen Nunez-TesheiraWith the charges and countercharges and demands for resignation, we remind readers that the core of the matter is law and the rule of law. It is quite irrelevant that Ms Nunez-Tesheira may not see a conflict of interest in participating in a decision-making of the Government bailout of CLICO and CL Financial. Nor are the views of Prime Minister Manning and of Mr Duprey that there is no conflict of interest. Nor can we accept Minister Enill’s advice to consider the bigger picture.

With the obvious conflict, Minister Mariano Browne should properly have been point man, and the finance minister should have stood down from the relevant Cabinet discussions. Whatever individual parties may consider of their preferred definition of a conflict of interest, we remind all that there is the Integrity in Public Life Act 2000 which is the law of the land. And there is no ambiguity in the wording of the law and the normal processes to be followed.
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