Mariano Browne

money talk: Business consultant Mariano Browne, from left, economist Roger Hosein, former planning minister Dr Bhoe Tewarie and former energy minister Kevin Ramnarine chat before the start of the post-budget consultation at the University Inn and Conference Centre on Tuesday night. 

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.

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“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.”


US-based travel and hospitality conglomerate, Apple Leisure Group, has been chosen to run Tobago’s 198-room Magdalena Grand Beach and Golf Resort. Finance Minister Colm Imbert revealed yesterday that Apple Leisure was chosen from among a few foreign hotel operators.

IN PRESENTING the 2020 budget on Monday, Finance Minister Colm Imbert indicated that T&T was reaching the end of the ten-year road called CLICO, the insurance company that collapsed at the end of January 2009.

FOUR YEARS after Compass Café opened its flagship store at 142-82 Rockaway Blvd, New York, USA, Compass Café TT opened its doors promptly at 10 a.m. on Saturday at 1047 SS Erin Road, Debe.

Head of The University of the West Indies Cocoa Research Centre, Prof Pathmanathan Umaharan envisions that one day Trinidad and Tobago would be well-known not only for its fine cocoa, but for its chocolates.

AMCHAM, the American Chamber of Commerce Trinidad and Tobago, has expressed unease over Finance Minister Colm Imbert’s announcement on Monday that Government is increasing expenditure and again planning a fiscal deficit in 2020.