Within a matter of hours Finance Minister Colm Imbert will take to his feet and present his 2018/2019 mid-year budget review and it is unlikely that there will be any demons or tightening of belt in the presentation.
In fact, based on all that the minister has said and done recently it is fairly reasonable to expected an expansionary approach when he delivers his speech this afternoon.
Finance Minister Colm Imbert has just announced that the World Bank has revised its Gross Domestic Product (GDP) growth figure for this country, from -1 percent to +0.7 percent for 2018.
Imbert said this was because the analysts were not using up to date Central Statistical Office data and were relying on informal data such as newspaper articles.
The Minister met with World Bank and IMF officials where this country defended its economic growth following the initial estimation.
Prime Minister Dr Keith Rowley’s latest statements on his Government’s steps to mend Tobago’s economy are causing anxiety among many stakeholders on the island. However, while they rejoiced at some of Government’s plans yesterday, they said the majority of the measures do not address the situation in the short term.
Over the last couple of years, the island’s economy has faced challenges, with the seabridge woes deepening the problems.
Close to 4,000 cruise passengers arrived in Trinidad today as the MSC Preziosa made its fourth call on the port of Port-of-Spain.
The passengers, many of whom came from Europe, Guadeloupe, Martinique and other countries, were greeted with the soca songs played by a DJ.
A statement by the Tourism Ministry says that four French students from St George’s College, Barataria, provided translation services as about 712 of the 3,595 visitors went on pre-booked tours to popular places of interest, while there were an estimated 500 privately arranged tours.