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T&T Budget 2020 is on October 5th

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bluefete
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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 4:49 pm

US $45 / barrel / Gas US$3.00 per mmbtu

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carluva
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Re: T&T Budget 2020 is on October 5th

Postby carluva » October 5th, 2020, 4:49 pm

Did he say this?
bluefete wrote:NP to be privatised.

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Re: T&T Budget 2020 is on October 5th

Postby pugboy » October 5th, 2020, 4:50 pm

np stations to be sold
preference to existing station owners

carluva wrote:Did he say this?
bluefete wrote:NP to be privatised.

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carluva
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Re: T&T Budget 2020 is on October 5th

Postby carluva » October 5th, 2020, 4:50 pm

Whole sale prices to remain the same. LPG suppliers can then set their markup. This is what I have understood was said. I stand corrected.
bluefete wrote:lpg prices will stay the same.

Everything else will have no subsidy.

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 4:50 pm

Rev $41.3 billion
Expenditure $49.5 billion

Deficit $8.209 billion

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Re: T&T Budget 2020 is on October 5th

Postby K74T » October 5th, 2020, 4:53 pm

Phone Surgeon wrote:When they removing taxes from cellphones?
December

bluefete
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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 4:53 pm

Education 7.793 billion
Health 6 billion
Agriculture 1.1 billion

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 4:55 pm

All taxes on software, computers etc will be removed.

This is to encourage young people.

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 4:56 pm

Internet My-Fi for students.

Uses 3/4G to create wireless hotspots.

For students with no internet access (45,000 students to get mobile hotspots) - effective 1st 1/4 of 2021.

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 4:59 pm

No stamp duty for residential properties from $1 million - $2million (exemption)

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:00 pm

Imbert now fix up himself for residential properties completed before 2024.


Picton St. ANYONE???????????????????

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Re: T&T Budget 2020 is on October 5th

Postby scotty_buttons » October 5th, 2020, 5:00 pm

bluefete wrote:No stamp duty for residential properties from $1 million - $2million (exemption)

Damn. Two years late.

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:01 pm

Fines gone up for illegal quarrying on state lands etc.

Talk to Abu Bakr.

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:02 pm

Praedial larceny fines gone up by 200%

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:04 pm

Cars: US$400 million spent importing cars per year (including MUSTANGS)

All tax concessions gone on importation of private motor cars.

I wonder if that applies to government ministers as well. Effective 20/10/2020

In January 2021 can only import used cars 3 years or less.

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Re: T&T Budget 2020 is on October 5th

Postby scotty_buttons » October 5th, 2020, 5:05 pm

bluefete wrote:Cars: US$400 million spent importing cars per year (including MUSTANGS)

All tax concessions gone on importation of private motor cars.

I wonder if that applies to government ministers as well. Effective 20/10/2020

In January 2021 can only import used cars 3 years or less.

Lmao @ mustangs

Did he say something about 30% reduction in customs?

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:06 pm

Tobacco / Cigarettes - $500,000.00 spent per year to treat 1 lung cancer patient.

Excise duty up by 20% local

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Re: T&T Budget 2020 is on October 5th

Postby Kenjo » October 5th, 2020, 5:06 pm

bluefete wrote:Cars: US$400 million spent importing cars per year (including MUSTANGS)

All tax concessions gone on importation of private motor cars.

I wonder if that applies to government ministers as well. Effective 20/10/2020

In January 2021 can only import used cars 3 years or less.

Hybrids only then ? What concessions were there on cars ?

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:06 pm

Penalties up by 200% for selling alcohol to minors

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:07 pm

VAT of 12.5% on more food items (imported) - apples, grapes

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:08 pm

Kenjo wrote:
bluefete wrote:Cars: US$400 million spent importing cars per year (including MUSTANGS)

All tax concessions gone on importation of private motor cars.

I wonder if that applies to government ministers as well. Effective 20/10/2020

In January 2021 can only import used cars 3 years or less.

Hybrids only then ? What concessions were there on cars ?


Read it again. NO MORE CONCESSIONS ON PRIVATE MOTOR CARS.

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:09 pm

Freeze on government hiring (unless you are a government minister's family) for 1 year.

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Re: T&T Budget 2020 is on October 5th

Postby paid_influencer » October 5th, 2020, 5:11 pm

i thought this thing done... i now reach home and the pain still being read

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Re: T&T Budget 2020 is on October 5th

Postby matr1x » October 5th, 2020, 5:11 pm

Pnm is a cancer on this country.


Many ppl have private cars becuase they can't trust or rely on public transportation.


But we know which group is especially notorious of robbing and raping ppl at night, right?

bluefete
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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:11 pm

Personal Income Tax Allowance:

Up from $72,000.00 - $84,000.00 per year effective Jan 1, 2021

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:13 pm

Right - he just about done.

Yuh see this gas station pricing thing- well he did mention it in the last budget (2020) and they are now ready to roll out.

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » October 5th, 2020, 5:16 pm

I still not seeing where he getting the money to fund that $41.3 billion.

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Re: T&T Budget 2020 is on October 5th

Postby 4kin4kar » October 5th, 2020, 5:16 pm

paid_influencer wrote:budget predictions-

- big talk about digitalization and e-everything, as a deux ex machina solution for the economy
- taxes removed on phones, 'digital equipment' etc, in keeping with the above deux ex machina
- higher taxes for the rest of the economy
- random low-value goodies (like led bulbs)

budget predictions not included in the budget speech

- banks cutting all USD credit card limits.
- No devaluation, but dollar resuming the 2017 'cent by cent' slide to stop at 7.2
- shortages across the economy in specialized goods, but foods and drink is plentiful
- job losses, deflation, general economic depression continues into 2021


Okay Nostradamus

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carluva
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Re: T&T Budget 2020 is on October 5th

Postby carluva » October 5th, 2020, 5:17 pm

Fantastic budget, especially in these times.

Still confused about these concessions on private motor vehicles... What concessions existed that are now being removed?

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Re: T&T Budget 2020 is on October 5th

Postby paid_influencer » October 5th, 2020, 5:17 pm

bluefete wrote:I still not seeing where he getting the money to fund that $41.3 billion.


he went over the loans earlier

our kids going to fund it :drinking:

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