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UML wrote:....considering the wanton wastage and pilfering during an oil boom the government has more to show now than in 50 years of PNM rule.
you comparing a government wasting during oil booms with one that recovering from debt and low oil prices?
PNM cannot fool the informed people of this country!
wha we really saying?
PM Opens Point Highway section St Mary’s to Rousillac
WHAT YOU NEED TO KNOW ABOUT THE STRENGTH OF OUR ECONOMY AND OUR COMMITMENT TO THE PEOPLE OF TRINIDAD AND TOBAGO
When elected five years ago, the People’s Partnership took on the commitment to put Trinidad and Tobago’s extraordinarily damaged fiscal house in order to secure our nation’s prosperity for this and future generations.
On April 30, Moody’s - a foreign company that assesses credit levels - adjusted their rating for Trinidad & Tobago downward. Moody’s cited global financial conditions, coupled with a sudden drop in energy prices, as factors that led to the rating adjustment.
Under the strong leadership of the Prime Minister and the Finance Minister, our government took immediate action to revise revenue price assumptions in the oil and gas sector when energy prices dropped. As a result of this proactive intervention, the fiscal accounts show a surplus of $47 million for the first six months of this financial year as compared to a budgeted deficit of $3.9 billion for the same period.
Yesterday in Parliament, citing extensive data, Finance Minister Howai expressed his doubts and questioned Moody’s action. The Minister was unequivocal; he said Trinidad and Tobago’s economic fundamentals remain resistant and robust; not only has there has been no deterioration in the country’s financial position in the last 12 months -- our economy is expected to continue to grow this year.
Click here to read more: http://www.trinidadexpress.com/news/-Ho ... 71411.html
This Government came into office on a promise to Serve the People. We are mindful of the need to find the right balance between maintaining strong financial fundamentals and a strong rating, while at the same time improving the quality of life of our citizens, by transforming the economy, by creating jobs, intensifying economic development, developing physical infrastructure, providing improved services and fostering long term growth for the future of our nation.
rfari wrote:UML wrote:....considering the wanton wastage and pilfering during an oil boom the government has more to show now than in 50 years of PNM rule.
you comparing a government wasting during oil booms with one that recovering from debt and low oil prices?
PNM cannot fool the informed people of this country!
Can't fool the informed ppl yet you believe in 3mth budget surpluses??
[/quote]WHAT YOU NEED TO KNOW ABOUT THE STRENGTH OF OUR ECONOMY AND OUR COMMITMENT TO THE PEOPLE OF TRINIDAD AND TOBAGO
When elected five years ago, the People’s Partnership took on the commitment to put Trinidad and Tobago’s extraordinarily damaged fiscal house in order to secure our nation’s prosperity for this and future generations.
On April 30, Moody’s - a foreign company that assesses credit levels - adjusted their rating for Trinidad & Tobago downward. Moody’s cited global financial conditions, coupled with a sudden drop in energy prices, as factors that led to the rating adjustment.Under the strong leadership of the Prime Minister and the Finance Minister, our government took immediate action to revise revenue price assumptions in the oil and gas sector when energy prices dropped. As a result of this proactive intervention, the fiscal accounts show a surplus of $47 million for the first six months of this financial year as compared to a budgeted deficit of $3.9 billion for the same period.
Um you now taking credit for budgeting a deficit...being forced to reduce YOUR expectations and running a 3 month surplus that represents (annualized) less than 1% of your budget?? REALLY???Yesterday in Parliament, citing extensive data, Finance Minister Howai expressed his doubts and questioned Moody’s action. The Minister was unequivocal; he said Trinidad and Tobago’s economic fundamentals remain resistant and robust; not only has there has been no deterioration in the country’s financial position in the last 12 months -- our economy is expected to continue to grow this year.
No change in the last 12 months but you adjusted the budget??? from 80-45???
A credit rating is based on a countries ability to repay debt-and is a forward looking analysis.
.
UML wrote:$72 billion foreign exchange reserve
170 recreational grounds with lighting
From 18% to 75% water supply 24hrs a day
34% debt......lowest in the world!!!!
PERFORMANCE!!!
K74T wrote:PNM would have done more.
Can you list the schools the govt "built"?UML wrote:95 schools built in just 5 yrs!!!
UML wrote:From 1 offshore rig to 7 offshore rigs!!!
No new direct foreign investment because it was destroyed under the PNM!!!
UML wrote:95 schools built in just 5 yrs!!!
UML wrote:Check through this thread and tell me how much u get. Then I will update this thread with the rest.
After 15-year wait...
Tax refund for big maxi owners
Darren Bahaw
Published:
Tuesday, May 5, 2015
[img]http://www.guardian.co.tt/sites/default/files/styles/large/public/field/image/Stephen%20Cadiz_1.jpg?itok=CCWjAJcD
[/img]Maxi taxi owner Abigail Christopher receives her payment from Transport Minister Stephen Cadiz during yesterday's ceremony at the ministry's head office in Tower D, Waterfront Complex, Port-of-Spain. Looking on is the vice-president Association of Maxi Taxis Linus Phillip. PHOTO: JEFF MAYERS
Owners of 25-seater maxi taxis, who invested on average of over $600,000—on a government promise of getting hefty tax rebates to increase the seating capacity for passengers as long as 15 years ago—began collecting their money yesterday.
A total of 19 owners collected cheques totalling almost $2 million at the Ministry of Transport, Tower D, Waterfront Complex, Port-of-Spain. The remainder of the money will be distributed in two other tranches to the other 248 recipients.
Vice-president of the Association of Maxi Taxis Linus Phillip said in 2005 maxi taxi owners were approached by then transport minister Franklin Khan to upgrade to big maxis with a promise of getting Value Added Tax (15 per cent) and Motor Vehicle Tax refunded.
The average cost of a 25-seater is about $600,000 and Motor Vehicle Tax stands at $33,700 and VAT refunds averaged at $90,000.
Government’s commitment to refund the outstanding money was announced by Finance Minister Larry Howai in the 2014 budget statement.
Howai, whose staff played a critical role in assessing the 267 applications, was scheduled to attend yesterday’s event but was absent. A total of $35 million has been budgeted to meet all outstanding payouts.
Permanent Secretary in the Ministry of Transport Verna Johnson said 99 per cent of all applications had been approved with one application still being assessed.
Transport Minister Stephen Cadiz applauded the maxi taxi associations for working with the government to resolve the long-standing issue. He assured that “all outstanding issues” would be closed, including the use of the City Gate transportation hub, Port-of-Spain, and the maintenance of the facility.
The maxi taxi associations had challenged a one dollar a trip user fee imposed in 2001 by the Public Transport Service Corporation and won their case in the Privy Council in 2010.
Phillip said an audit of that matter was still pending as to how maxi taxi owners can be refunded. Phillip said not much headway had been made on that matter but was optimistic that the matter can be resolved through dialogue.
He said the settlement of the rebate on taxes was a “ very long, dreary, process” and some members of the association had lost hope in ever getting the money.
He congratulated his membership for their patience saying that it was “not everything you have to protest for.”
President of the Association of Maxi Taxis Eon Hewitt urged maxi taxi owners to “use the money wisely.”
One recipient, Rickie Balgobin, who bought his big maxi in 2009, said he had lost hope of getting the refund but intends to use his unexpected wealth to invest “in a piece of land or housing.” He suggested the taxes should have been subtracted at the time of purchase of the vehicle so that the loan would have been reduced.
Stamping out corruption
Cadiz said he was optimistic that legislation governing the creation of the Motor Vehicle Authority (MVA), scheduled to be debated in the Senate on May 12, would radically transform the current Licensing Authority.
He said the headquarters of the MVA, located in Caroni, was 97 per cent complete and anticipated that it would be in operation by June.
He said he was aware of allegations of corruption at the Licensing Authority for almost every transaction and believes the computerisation of the system would prohibit such occurrences.
The MVA, he said, would create a business-like system, efficient and effective, with applications being dealt with in “real time.”
The new system would also help in identifying vehicles five years and older which needed to be inspected, he said.
Cadiz said there were also plans to construct an elevated pedestrian walkover from City Gate—connecting the Waterfront Complex, the Ferry Service and the Water Taxi Terminal.
Phillip said the association also had a proposal to create an inner-city transportation network, with CNG vehicles to reduce the carbon footprint and confront the illegal PH taxis.
He said at present “people are like wild chicken all over the capital” looking for PH taxis to get to their destination and that was not effective or reliable.
http://www.guardian.co.tt/news/2015-05- ... axi-owners
UML wrote:After 15-year wait...
Tax refund for big maxi owners
Darren Bahaw
Published:
Tuesday, May 5, 2015
. . .Owners of 25-seater maxi taxis, who invested on average of over $600,000—on a government promise of getting hefty tax rebates to increase the seating capacity for passengers as long as 15 years ago—began collecting their money yesterday. . .
Okay, the PNM education system has failed me so my abilities to add and subtract leave a lot to be desired.Macaulay Trace and Caratal Road Repaved
Camden Base Road, Freeport
The MOWI formally opened the new and upgraded Camden Base (Link) Road, in Freeport on Friday November 9, 2012.
Panyards Rehabilitation Works, Belmont
There was an official cermony on Wednesday November 28, 2012, to mark the completion of rehabiliation works carried out at the Pan-Demonium and Sheikers Steel Orchestras' panyards in Belmont, East Port-of-Spain. These rehabilitation works were undertaken upon the request of Member of Parliament for Port-of-Spain North/St. Anns West, Ms. Patricia McIntosh.
CUMMINGS LANE, BAGATELLE/BLUE BASIN
Retaining Wall, Curb Wall, Slipper Drain & Paving were done by D.M.R.C.
Orange Valley Wholesale Fish Market
The Orange Valley Wholesale Fish Market was officially re-commissioned last week by Senator the Honourable Devant Maharaj, Minister of Food Production after it received a $2M upgrade from his Ministry.
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