Colm Imbert----use

NEW MEASURE: Finance Minister Colm Imbert

For the past four years, the Government has spent, or budgeted to spend, about $202.33 billion. It has taken on $24 billion in additional debt. Of the $202.33 billion spent in the 2016 to 2019 fiscal years, over $186.8 billion, or 92.4 per cent, was in recurrent expenditure.

That’s money spent on wages and salaries, transfers and subsidies, goods and services and interest payments. Only 7.6 per cent of the $202.3 billion, some $15.5 billion, was used for capital expenditure and net lending, according to the July Economic Bulletin published by the Central Bank.

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FINANCE Minister Colm Imbert says T&T has received a “favourable” rating from the US credit rating agency Fitch Ratings.

Increases in food prices have been minimal under the People’s National Movement (PNM), with prices going down for certain items in contrast to the large increases under the Kamla Persad-Bissessar administration.

SAGICOR Financial Corporation is paying nothing to CLICO and British American Trinidad to acquire their tradition insurance portfolios, worth over $8 billion, as the regional insurance company is acquiring insurance liabilities that have a greater value that the total investment assets that are to be transferred to Sagicor.

CLICO has not made a current, formal offer to sell its Methanol Holdings International Ltd (MHIL) shares to the methanol producer’s minority shareholder, Consolidated Energy Ltd.

IT IS one of the most incentivised sectors, yet T&T’s agriculture industry isn’t attracting new farmers. Furthermore, food production has not increased. Last week, in delivering his 2020 budget, Finance Minister Colm Imbert said the Government would remove all taxes and duties on inputs for the industry.