[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.
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.
The Employers Consultative Association of Trinidad and Tobago (ECA) is applauding the majority of our public servants and the citizenry for what it says is "their patriotism and mature response to the September 7th call for a day of rest and reflection".
"Based on reports, many public offices reported near normal staff turnout by public servants who showed up to fulfill their duties and serve the needs of the people of Trinidad and Tobago," the ECA said in a statement issued Friday afternoon.
The Employers' Consultative Association (ECA) is reminding citizens that employers have no obligation under law to pay workers who stay away from work on Friday.
The ECA says citizens must be mindful that a national shutdown, even for a short period, can impact this country's ability to compete globally.
The ECA issued the following statement on Tuesday.
"It is no secret that our nation continues to face tough economic times.
The Employers' Consultative Association (ECA) says more clarification is needed before the Government seeks to implement the property tax.
The ECA has joined other organisations in commenting on the government's move to reintroduce the tax.
The following is the ECA's statement:
The Employer's Consultative Association says is applauding the Education Ministry indication for discussions on a "Carnival Week", following the low turnout of students after Carnival festivities.
The ECA issued the following statement on the matter.
"The Employers Consultative Association of Trinidad and Tobago (ECA) applauds the indication by the Minister of Education about discussion and consultation on the proposition of a “carnival week” off for students, however, the ECA urges that such discussion must be holistic and wide-ranging.
The Employers Consultative Association (ECA) says it is relieved that the FATCA legislation has finally been passed in the House of Representatives.
The ECA issued this statement on Friday.
"The Employers Consultative Association of Trinidad and Tobago (ECA) wishes to express its relief that the long-awaited legislation relating to the Foreign Account Tax Compliance Act (FATCA) has finally been passed.
"The Employers Consultative Association of Trinidad and Tobago (ECA) wishes to recognise the efforts made to avert the proposed strike action by the Oilfield Workers Trade Union (OWTU).
However, while the announcement of this preliminary agreement between the Union and state-owned PETROTRIN has brought about some level of peace in the minds of the public, the relative impact to the financial health of the organisation and, by extension, the socio-economic situation unfortunately remain unchanged.