Tobago Business Chamber Concerned Over Large Portion Of Budget Going Towards Recurring Expenditure.

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Tobago Business Chamber Concerned Over Large Portion Of Budget Going Towards Recurring Expenditure.

The Tobago Business Chamber is expressing concern with the 88 percent budget allocation for the sister isle which will go towards expenses.

Chairman of the TBC, Martin George, in a video message on Tuesday said such a large percentage of the fiscal package should not be directed towards recurring expenditure.

Mr George suggested more focus be placed on capital investment and infrastructure development.

Mr George described the situation as a disaster from a business prospective.

He said the development is not sustainable in the economic future.

Mr George said the TBC is grateful for the fifty million dollar investment the government plans to make in relation to the tourism industry.

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