ECONOMIST Roger Hosein praised the Government for its fiscal prudence over the past few years and said he was very comfortable with the state of the economy, up until last Monday’s budget
“I think the Government did a good job in controlling expenditure. This represents fiscal prudence, batting in your crease. I think the minister (of Finance) did a good job in that regard,” Hosein told participants at a post-budget consultation at The University Inn and Conference Centre in St Augustine last Tuesday night.
“The State’s efforts at containing fiscal expenditures relative to the $62.4 billion in the past is appreciated and shows solid fiscal discipline. Implicitly, this expenditure level indicates that for the five years we have ‘saved, not spent’ approximately $10 billion per annum on average giving a rough amount of around $50 billion. This is remarkable and should be commended by all citizens of T&T.”