[ARANGUEZ, October 10] — Following a preliminary review of the 2019/20 budget statement, the Employers’ Consultative Association of Trinidad and Tobago (ECA) sees this as a reasonable attempt to assuage the relative impact that successive austerity measures may have had on the country, given the recent trends associated with oil and gas prices over the last five (5) years and its relative impact on our country’s ability to earn related revenue.
Finance Minister Colm Imbert read the 2020 Budget in the House of Representatives Monday.
The theme of the 2020 Budget was 'Stability, Strength and Growth'.
The Minister announced an estimated revenue of $47.749 billion and total expenditure of $53.036 billion, resulting in a fiscal deficit of $5.287 billion.
The budget was based on a projected oil price of US$60 and a gas price of US$3 per MMBtu.
The Trinidad and Tobago national flag flew on the Nasdaq board today in Times Square, New York City as Prime Minister Dr Keith Rowley rang the bell to start the trading day.
Rowley used the opportunity to invite everyone to visit T&T as he lauded our chocolate, music, and pitch lake.
Scotiabank Trinidad and Tobago has so far recorded an income after taxation of over half a billion dollars for the financial year 2019, the company’s unaudited financial results have stated.
“Year to date income after taxation was $524 million, an increase of $40 million or eight per cent over the same period last year.