Gov’t’s Decision To Not Devalue TT Dollar A Step In The Right Direction, Says Economist Mariano Browne

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Gov’t’s Decision To Not Devalue TT Dollar A Step In The Right Direction, Says Economist Mariano Browne

The purchasing power of citizens is under pressure due to the rising cost of living and former Minister in the Ministry of Finance, Mariano Browne, said governments decision not make adjustments to the exchange rate is a step in the right direction.

Mr Browne reviewed the situation while being interview on Power 102 Digital’s Power Breakfast Show on Wednesday.

Mr Browne noted the effects from the country’s heavy reliance of imported good which can contribute to increasing inflation levels.

Mr Browne said there is increased demand on the state ability to spend and questioned whether going the way of hiking taxes can put additional hardship on the population.

 

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