THA wants $4.7 billion for next fiscal year

Monday, June 24, 2019 - 12:45

The Tobago House of Assembly (THA) wants $4.72 billion to run Tobago's affairs for the financial year 2019/2020.

Of that sum, the THA is projected to collect $212.9 million in taxes and non-taxes in Tobago.

This from Finance and the Economy Secretary Joel Jack as he presented the draft estimates for revenue and expenditure at the THA's 27th Plenary Sitting held in the Assembly  Chamber, Jerningham Street, Scarborough on Monday, June 24.

Themed, 'Advancing our Development Agenda', the budget focused on five broad areas: tourism, use of land, transportation (domestic air and sea  bridges), energy efficiency and human capital development.

By law, the THA is required to present its draft estimates to Central Government by June 30 annually for inclusion in the national budget.

Last year, the THA asked Central Government for $4.5 billion but was allocated $2.21 billion.

- by Camille Mceachnie