Expect an ‘election’ Budget when Minister of Finance Colm Imbert delivers the 2020 Budget on Monday, October 7, so said the experts as well as the Opposition.
The projections came yesterday after Imbert announced the budget’s delivery date during a brief statement in Parliament yesterday.
Minister of Finance and MP for Diego Martin North/ East Colm Imbert has announced that budget day is Monday 7th October.
As the sitting of Parliament resumed today, the AG made the announcement that the 2018/2019 budget will be read on that day.
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.