The Tobago Chamber has responded to the budgetary allocation for Tobago.
Tobago will receive 2.5 billion dollars from the central government to carry out the affairs of the sister isle.
Last year Tobago received a 2.3 billion dollar allocation.
Minister Imbert told the parliament this figure represents 4.3 percent of the national budget.
The breakdown will see 2.1 billion dollars going towards recurrent expenditure.
However in his response Head of the Tobago Chamber Martin George says that the allocation for recurrent expenditure simply isn’t practical.
George who was also guest on the Power Breakfast Show on Power 102 Digital this morning said that it does not represent the kind of growth or development the Chamber would like to see for Tobago.
He said that there has been no indication from the THA or Central Government of a long term plan for Tobago to achieve long term sustainability and economic independence.
George also lamented the fact that there has been no talk of the Foreign Investment Act.
Another issue that was articulated by Mr George was the Government’s failure to make Tobago a duty free zone.
He also chastised the Government for the lack of a cohesive plan for agricultural development in the sister isle.
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