No Plans By Government To Devalue TT Currency

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No Plans By Government To Devalue TT Currency

Government is not planning to devalue the Trinidad and Tobago currency.

Minister of Finance, Colm Imbert,  says this move will bring additional hardship to the population if it is taken at this time.

He said fluctuating oil and energy prices are factors which influenced the government’s decision to ask for an additional 2.3 billion dollars to manage the country’s affairs.

Speaking during the presentation of the Mid Year Budget Review in the House of Representatives on Friday, Imbert said government is trying to control expenditure in these challenges times adding there is lower than projected revenue of just over 800 million dollars.

He said the revenue based is violated because of the current situation with a decrease in natural gas.

It was revealed the contributions of royalties have dropped but  assured there are other ways of raising revenue.

He said recent projections from the International Monetary Fund is very encouraging and confirmed the government is going for another global bond where this country will be presented as an ideal location for investment and trade.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Government is not planning to devalue the Trinidad and Tobago currency.

Minister of Finance says this move will bring additional hardship to the population if it is taken at this time.

He said fluctuating oil and energy prices are factors which influenced the government’s decision to ask for an additional 2.3 billion dollars to manage the country’s affairs.

Imbert said government is trying to control expenditure in these challenges times adding there is lower than projected revenue of just over 800 million dollars.

He said the revenue based is violated because of the current situation with a decrease in natural gas.

 

 

CLIP (MID YEAR REVIEW7)

The contributions of royalties has dropped but admitted assured there are other ways of raising revenue.

CLIP (MID YEAR REVIEW1)

He said recent projections from the International Monetary Fund is very encouraging and confirmed the government is going for another global bod where this country will be presented as an ideal location for investment and trade.

CLIP (MID YEAR REVIEW2)