The Tobago House of Assembly’s (THA) Minority Council says the THA’s draft estimates for revenue and expenditure for fiscal 2020 presented by Finance and Economy Secretary Joel Jack yesterday are “a colossal failure.”
In an immediate reaction just after Jack presented the over two-hour long $4.72 billion budget, Minority Leader Watson Duke gave the budget a failing grade.
The fate of T&T’s continued economic growth could be partially hinged on the success of BPTT and Atlantic finding a solution to the shortfall in gas supply that is projected in 2020/2021, as failure could hurt the country’s revenue stream.
Asked about the worst-case scenario following BPTT’s recent disappointing drilling at two infill wells yesterday, Energy Chamber CEO Dr Thackwray Driver told Guardian Media that it could lead to Atlantic’s Train 1 being mothballed.
The economy has gone from being on life support to totally dead under the People’s National Movement.
This was how Opposition Leader Kamla Persad-Bissessar summed up Finance Minister Colm Imbert’s presentation on the Mid-Year Budget Review yesterday in Parliament, adding he did not put forward any policy or plans in place for the country’s real development.
Perennially negative commentators!
That’s how Finance Minister Colm Imbert dismissed assorted comment on the economy during his Mid-Year Budget Review yesterday.
Detailing his defence of Government’s economic management via what he said was actual data, Imbert maintained T&T’s economy sustained three consecutive quarters of growth in 2018
The Government is still in negotiations concerning the future of Atlantic LNG Train 1, Minister of Communications Stuart Young said in Parliament on Monday.
The Port-of-Spain North/St Ann’s West MP said the Opposition was using the recent announcement by BPTT concerning gas supply to the Point Fortin plant, as a tool for fear mongering.
“Yes, obviously this government is going to look at what happens with Train 1.
There is no rejoicing, this government is not happy about any setback whatsoever, in the energy sector.
BPTT’s production will fall by up to 300 million standard cubic feet per day in 2020 and 2021, according to the energy major.
This is a 15 per cent drop in production and conflicts with the Mid-year Budget Review presented by Finance Minister Colm Imbert.
Imbert tried to downplay the significance of the decline by saying he expected little impact on natural gas production.
The Government’s move to finally grant approval to the Tobago House of Assembly (THA) to borrow money on the local market to finance Tobago’s development is “satisfactory” says economist Dr Vanus James.
James was reacting to Finance Minister Colm Imbert’s 2019 Mid-year Budget Review, in Parliament on Monday, that the THA will soon be given permission to borrow.
Put your taxes in order via Government’s upcoming three-month tax amnesty, because future amnesties are unlikely.
This was Finance Minister Colm Imbert’s warning in his mid-year review yesterday as he announced the amnesty on all forms of taxation.
The measure was the only one announced in Imbert’s “good news” review, where he painted a glowing picture of the economy, gave assurances on recent concerns about BPTT’s gas supplies for Atlantic LNG’s Train One - and hit critics and commentators.