ECA: Budget void of measures to improve lives of all citizens

The Employers Consultative Association (ECA) says the Budget did not present tangible measures for improving the lives of all citizens.

The ECA issued its response to the Budget on Tuesday morning.

"The Employers Consultative Association of Trinidad and Tobago (ECA) is of the view that the Budget presentation was not as compelling as anticipated.  

Chamber welcomes Budget measures

The Chamber of Industry and Commerce has welcomed the measures announced the 2019 Budget by Finance Minister Colm Imbert.

The Chamber says it is satisfied that the minister adopted some of its recommendations.

The following is the Chamber's response to the Budget.

"Following the delivery of the National Budget 2018/2019 this afternoon the Trinidad and Tobago Chamber of Industry and Commerce wishes to note the Minister of Finance’s positive and ambitious plans for the next fiscal year and beyond.

Kamla: This 'pie-in-the-sky' Budget will only work on Fantasy Island

Opposition Leader Kamla Persad-Bissessar has described the 2019 Budget as a "Pie-in-the-sky Budget" that she says can only work on 'Fantasy Island'.

"My first point is that he engaged in statistical conmanship," the Opposition Leader said as she gave a response in a new conference immediately after minister Colm Imbert presented the 2019 Budget.

"It is as though he is living on Fantasy Island. Some would say he is delusional in his comments," she added.

She said the only thing Minister Imbert forgot to say was "hastag Trinidad and Tobago is not a real place".

Budget 2019's major highlights

The Government has raised the price of super gasoline by $1.

The announcement was part of several measures outlined in the 2018/2019 Budget read by Finance Minister Colm Imbert today.

The Budget was entitled "A Genuine Economic Turnaround".

The following are some of the Budget highlights:

Estimated Revenue: $47.724 billion

Estimated Expenditure: $51.776 billion

Estimated oil price: US$65/barrel

Estimated gas price: US2.75/mmbtu