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$58B BUDGET
Posted: Tuesday, October 2, 2012
$58B BUDGET
Total expenditure of the 2013 Budget is $58.4 billion compared to last year's $54.6 billion budget.
Drivers to feel bite as gas price goes up
...price of premium gas shoots up to $5.75 per litre, an increase of 43.75 per cent.
44% GAS HIKE
Biggest budget ever: $58.4b
Gas stations close in wake of price hike
Shortly after Finance Minister Larry Howai announced an almost 50 per cent increase in the price of premium gas, several gas stations in south and central Trinidad closed their pumps saying they had no gas.
'Budget for poor, middle class'
PRIME MINISTER Kamla Persad-Bissessar yesterday described the 2013 Budget as one for "the poor man" and the "middle-income" class, as she defended the decision to remove the fuel subsidy on premium fuel.
Kamla: Only 6% will feel gas hike
Stimulating Growth, Generating Prosperity
Special 16-Page Budget Pullout
PM: 7,000 foods to go VAT-free
Prices on about 7,000 food items stand to go down in the consumer's grocery basket, Prime Minister Kamla Persad-Bissessar disclosed yesterday as she accused Opposition Leader Dr Keith Rowley of "deception" over his claim that most items are already VAT-free.
Budget bite of $5.5B for national security
Health gets $5.5B
Tobago gets $350m for development
THE Tobago House of Assembly (THA) had requested $1.7 billion for development in Tobago...
Education Minister: Great budget
$9,149.1 million allocation
Agricultural producers disappointed
Agricultural producers are disappointed in the $.6 billion decrease in the allocation for agriculture
Ramnarine: We will save hundreds of millions
Minister of Energy Kevin Ramnarine expects that the country will save "hundreds of millions of dollars" when the subsidy on premium fuel is lifted today.
Gas hike hurts drivers pockets
'Gas hike no big deal'
...Cutting diesel subsidy 'more effective'
Reducing the subsidy on diesel would have been more effective than on premium gasoline, Trinidad and Tobago Automotive Dealers Association president Visham Babwah has said.
Volney misses Budget
FORMER Justice Minister Herbert Volney missed yesterday's presentation of the 2013 Budget in the House of Representatives.
Rowley: Govt dishonest
OPPOSITION Leader Dr Keith Rowley yesterday declared he was unimpressed with the 2013 Budget which Finance and Economy Minister Larry Howai read.
Casino owner predicts: Retrenchment coming
Experts praise and condemn
FINANCE Minister Larry Howai yesterday received both praise and condemnation as experts weighed in on his $58 billion budget presentation.
TTMA: Diversify away from energy sector
The Trinidad and Tobago Manufacturers' Association (TTMA) said yesterday it was encouraged by measures in the 2012/2013 national budget aimed at improving the country's international competitiveness...
Film-makers applaud benefits
...a 150 percent tax deduction up to $3 million will be allowed for the corporate sponsorship of audio/visual or video productions for the purpose of local education or local entertainment and the same incentive could be claimed by local production houses on their own productions.
Pre-Budget rally could cost PP Govt $260,000
Short on figures
The National Budget for Fiscal 2013, delivered by new Minister of Finance Senator Larry Howai, contained no real surprises, especially since many of the proposals were trolled before the population at the Peoples' Partnership "Pre-Budget Rally" two days ago
Howai budget not just the mixture as before
Mr Howai, who three months ago had been a top bank executive, not publicly identified with the People's Partnership, presented a statement lacking in political hits, targeted references, or hook lines.
Sando welcomes CCTV relief
Minister's son surrenders in 'planassing' incident
THE son of Education Minister Dr Tim Gopeesingh spent last night in police custody after he surrendered to officers of the Port of Spain Criminal Investigations Department (CID)...
$M arson in Sando
AN EMPLOYEE of King's Recreation Club off Coffee Street, San Fernando claimed that he had gasolene thrown into his eyes by one of three masked men during an attack at the club during the early morning hours yesterday.
Licks in jail, says accused cop
MURDER accused PC Glenden Seepaul complained in court yesterday that he was beaten by masked prison officers while in custody at the Maximum Security Prison (MSP) in Arouca.
Police shoot bandits in Arima
A DARING early-morning robbery at the home of radio personality Ken Simmonds ended abruptly for two bandits yesterday after they were both shot and wounded by police.
$300,000 bail for pundit
A HINDU pundit was yesterday granted $300,000 bail by a Siparia magistrate before whom he appeared to answer nine counts of raping a 14-year-old girl.
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