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Key takeaways from budget 2021
Posted: Tuesday, October 6, 2020
TT BUDGET: COLM GIVES, COLM TAKES
IT TOOK covid19 to force Government to take some risks and make some much-needed structural amendments to the national budget. The global pandemic, which brought with it collapsing commodity prices, supply and demand chain constraints and a global lockdown with restrictions on movement, meant that policies languishing on the periphery of implementation – notably digitisation and food security – were suddenly thrust to the forefront of a budget aimed at recovery, sustainability and innovation.
Imbert covers all in $49b Budget package
Here are the key takeaways from Trinidad and Tobago's budget 2021
The budget, delivered in light of depressed oil prices and in the context of a pandemic, placed priority on agriculture and increased use of local content, the digital transformation of the country for innovation, growth, and education, as well as construction.
Kamla: Budget brings no hope for country
In fact, she said while Imbert spent a lot of time blaming COVID-19, given the numbers presented "it is clear the economy crashed before COVID… So we in a kind of twindemic (sic) if you want to call it that." She explained this newly-coined terminology to mean that the financial situation facing the country was brought on by COVID-19 coupled with "mismanagement" on the part of the Government.
THA Chief Secretary not surprised by smaller slice
The island got $2.134 billion in the fiscal package, some $149 million less than last year's allocation.
OWTU: Don't try to blame Patriotic for refinery deal delay
THE Oilfields Workers Trade Union (OWTU) and the Movement for Social Justice (MSJ) were disappointed by how Finance Minister Colm Imbert addressed the refinery deal in his budget presentation. They say he seems to be blaming Patriotic Energies and Technologies for the delay when they have been appealing for the closure of the deal for months.
Petroleum dealers welcome NP station sell-off
THE Government's proposed sell-off of NP service stations will hugely incentivise current franchisees to become owners, to diversify their products and become more committed to their stations, Petroleum Dealers Association head Robin Narayansingh told Newsday on Monday.
TTMA happy Govt heeded advice
THE TT Manufacturers' Association (TTMA) says government's plan to privatise certain state entities such as gas stations and the port of Port of Spain shows it is listening and responsive to recommendations from the business community.
Government lays papers on ankle monitors and car tints
THE Government used the occasion of budget day to lay some 69 reports/papers in the House of Representatives on Monday, substantially cutting into the time of Finance Minister Colm Imbert to present his much-awaited budget. These included regulations for offender ankle monitors and car tints. Also laid were the 2019 annual reports of the Police Complaints Authority and Police Service Commission. The Central Bank report on the restructuring of Clico was also laid.
Another covid19 death brings total to 83
The ministry also reported 51 more people have tested positive for covid19, bringing the total number of active cases in TT to 1,784, representing a further decrease.
Court demands help for boy, 10, with needle stuck in jaw for 7 years
According to the medical negligence lawsuit she filed in 2017, the child complained of constant toothaches and the dental surgeon determined he had an exposed nerve that needed to be surgically corrected.
Princes Town shooting: Cops must give answers
"He was no vagabond, he had an apartment to live in with his family who supported him financially but the covid19 situation became hard for the Hispanics and he could not get a job," Enrique said. He said his father had four sons in Cuba and were distraught after hearing about his death.
'Yankee' killed in confrontation with police
The deceased has been identified as Damien Scoon, also known as 'Yankee' of Jamadar Street, San Fernando. He was said to be well-known to investigators; he was linked to gang related offences and human trafficking.
Cops need help finding 16-year-old Wallerfield girl
Sixteen-year-old, Shakti Joseph was last seen on Sunday and was reported missing on the same date. She was wearing a pink floral dress.
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