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.
Vembev, the company that distributes Pepsi and other beverages Ocean Spray, has been closed down and 33 employees sent home.
The decision to close the company and get rid of 40 per cent of staff was made although its parent company, Agostini Limited, earned in excess of $120 million in profits for the first nine months of the fiscal year.