Pan Trinbago is already counting its losses following the announcement that Carnival 2021 would be cancelled due to the Covid-19 virus.
According to president Beverley Ramsey-Moore, the entity is set to lose $5 million.
She said while a virtual Carnival presentation remains an option for next year, the economic impact of the loss of the real thing cannot be ignored.
Pan Trinbago has had to cancel three major events on its entertainment calendar for this year, Pan Jazz, Pan and Powder, and the Pan Solidarity Concert.
In terms of hosting a virtual Panorama, Ramsey-Moore said no.
She said “there will be no virtual Panorama competition because this will be extremely difficult to stage.”
“The bands and our organisation are going to be impacted. The majority of our revenue is raised during the Carnival period, and at this time, we have been putting our figures together because we now have to review our financial position going forward.
She said “we are hoping that the subvention for the interest groups will still be forthcoming because we still have our administration operations that will continue, so we are expecting to still receive that subvention to handle our affairs.
“Obviously, that figure would be much less than the $24 million that we would have received previously, but we are hoping to keep the organisation afloat for the next year.”