Tobago’s business Chamber disappointed with budget allocation

Tobago’s business Chamber disappointed with budget allocation

The Tobago division of the T&T Chamber of Industry and Commerce has expressed disapproval of the 2021 fiscal plan presented by Finance Minister Colm Imbert on Monday.

Chairman, Diane Hadad feels it leaves the sister isle in an abyss of sorts.

This year $2.134 billion was allocated to the Tobago House of Assembly of which $1.196 billion is for recurrent expenditure.

Advertisements

The THA had hoped for $4.7 billion.

This is not the first time that budget expectations for the sister isle has not been met, and Hadad said, unfortunately, this is nothing surprising.

 

Speaking on the Morning Edition Program yesterday Hadad said only those with guaranteed paychecks will benefit from some of the fiscal measures, especially in terms of the new income tax-free ceiling of $7000 and under.

 

She said she is waiting for information on how the Government plans to stimulate the economy.

She maintained with no clear plan on how businesses can exit Covid 19, the community has been left in limbo.

 

*Courtesy: Power 102FM

COMMENTS

WORDPRESS: 0
DISQUS: 0