Budget 2014/2015

[UML]

leave dem nah yuh eh se rfari and rasc hiding from this thread...wah dey go criticize?!!

[16 cycles]

for the knowledgeable tuners, was the implications of a deficit budget?

[Allergic2BunnyEars]

Deficit budget basically means you spending more than you project to earn.

Howai stated that he wants to have a balanced budget by 2016 - basically revenue and expenditure roughly equal. To do this either revenue has to go up or expenditure has to come down or both.

[Dizzy28]

for the knowledgeable tuners, was the implications of a deficit budget?

Nothing.......provided you spent the excess money on capital expenditure which would enhance or lead to future economic growth.
Your income should at least cover all your recurrent expenditure and if you running a deficit to pay recurrent expenses something seriously wrong there.

[toyota2nr]

Anyone saw the budget discussion on CNC3 last night? Imbert does do good research. He embarassed Moonilal although Moonilal make sense after.

[rfari]

URP and CEPEP workers should be planting food all over the country...why do we continue to depend on Guyana...produce it here nuh....allyuh go eat oil and gas?

i agree, but how u propose gettin PNM ppl into gardening exactly? remember planting is actual hard honest work & that isnt the PNM.way of life. the only crop these ppl willing to plant is marijuana

den dey go say is new age slavery


btw we have the lowest food inflation of 3 % in 21 yearsssss

leave dem nah yuh eh se rfari and rasc hiding from this thread...wah dey go criticize?!!

Was waiting for yuh yuh call meh name. Tell me more about the food inflation %. Where that figure come from? Like where the finance minister get the stats from?

[Slartibartfast]

Was waiting for yuh yuh call meh name. Tell me more about the food inflation %. Where that figure come from? Like where the finance minister get the stats from?

Sauce and sons on curepe junction. Man pay for 100 doubles and only get 99

[TRAE]

why it always have to come down to political parties---- the budget is sheit- thats it

[eliteauto]

food inflation is/was calculated on what is known as a basket of goods, basically the basic groceries a home would need. This can be artificially skewered at the time of calculation by a temporary drop in prices of goods known to be in the basket...say you drop oil/rice/flour/grains for example, then the ROI would drop. Not that any good Gov't would offer subsidies on oil/rice/flour/grains during the time a budget is being prepared... impossible to see that happening

At least my non-degree in economics says so *shrugs*

[rfari]

Interesting. Would it be safe to assume that the central statisical office in any country would take those 'anomalies' and resulting transients on the economy into consideration when calculating something like food inflation? Or the CSO doesn't exist?

[nervewrecker]

Ent CSO move and they eh have their stuff in order yet bai.

[rfari]

Nah man nerve. Meem wha believe dat. Wey u hear dat from?

[88sins]

& not 1 frack for the working lower-income to middle-income population yet again in dis tp budget

except a proposal to increase road traffic violation fines by 50%

So yuh could wuk like a dog, pay yuh taxes, get charged up to 10k fuh driving with expired insurance or up to 7.5k fuh expired license, & daiz all yuh gonna get.

I feel inside dat man battam like a cave.
hadda have real room in there after he pull all dat sheit out he arse & chook it in the population face & call it a budget proposal

[rfari]

Wdmc :ROFL: :ROFL:

[16 cycles]

highways to be built.....good time to have a lambo to give fyaz...wait...nvm..

welcoming the more than one way in /out of chaguaramas....

[bumblebeetuna]

Dat budget is only for gaining votes for elections..
And i dont care what the PNM Did 5 years ago
We live in the present.. not the past.. and its the present that guides our future

[desifemlove]

Christmas come early.....I saving ah mince pie and drink for she down meh chimney...

5/10 budget.

Some good stuff like key infrastructure (road to Chaguaramas needed..)

But no diversification plan.

Macroeconomic fundamentals is good, but then because of or in spite of Kamla? Oil/gas demand up cos global economy better, das all..

No vision of how de economy should look.

Or how Trinidad society should look.

IMHO, UNC's main problem. Most countries' budgets would clearly state how they want the economy to be, desired inflation, unemployment, GDP growth targets, etc. UNC ent never said dat.... ..PNM had its faults, but then Vision 2020 is something any country needs in principle.

Would have given it higher if:

- Plan for a rail system. And no sheit replies like "we doh need it!" or "wha'happen to de maxi men and dem?" We DO need it, and the major costs would be construction. If only some kind of tram system would do.

- Targets for macroeconomic fundamentals.....inflation, economic growth, unemployment, etc. And 2.5% growth ent much for an economy of Trinidad's level of development. We should be aiming for 7% growth minimum every year if possible.

- We should be seeking immigration in select areas, as we've had 1.3 million for the longest while. Clearly something is wrong if the population ent growing for so long.

- A local council tax, based on size of house, funding local government. Lower income tax rates and get rid of NIS.

- Privatise state industries, based on suitability for market conditions and social need. FCB, gone. Others can be state owned, but privately-run.

- UNC or PNM should set a target that by 2030, energy should only be 20% of GDP.

- Have plans to make the TTD a fully floating currency by 2030 too. Dirty float only meking sense now because of dependence on gas/oil.

- Make GATE applicable for areas of national interest only. Wanna study ancient Chinese history? Pay up, doh ask Mrs. Kamla for GATE....

- Get rid of OJT, and provide placements for graduates from UTT and UWI in industry.

- Get rid of waste by splitting and merging ministries. Social Services Ministry should include Housing, Planning, People. To curb crime, have a dedicated Ministry of Defence, and a Home/Interior Ministry. Or keep one National Security Ministry but merge the police and army into a paramilitary police force. Yuh have a 2000 or more more police/troops, and hire foreign police. invite people from overseas to come and be police.

[desifemlove]

Dat budget is only for gaining votes for elections..
And i dont care what the PNM Did 5 years ago
We live in the present.. not the past.. and its the present that guides our future

this...

PNM nutten....UNC have four years now to do ah ting...

[nervewrecker]

Nah man nerve. Meem wha believe dat. Wey u hear dat from?

They on park street now. Few !in the back I went for info and could not get it because all the files / data / tra LA LA wasn't transferred across yet.

Wouldn't doubt these numbskulls fabricate their own info for the budget nah.

[nervewrecker]

& not 1 frack for the working lower-income to middle-income population yet again in dis tp budget

except a proposal to increase road traffic violation fines by 50%

So yuh could wuk like a dog, pay yuh taxes, get charged up to 10k fuh driving with expired insurance or up to 7.5k fuh expired license, & daiz all yuh gonna get.

I feel inside dat man battam like a cave.
hadda have real room in there after he pull all dat sheit out he arse & chook it in the population face & call it a budget proposal

Firm tell my sister when she park light not working hit the van a slap and it does come on. I wanna hear she and them police when she get braced in a road block

[rfari]

Nah man nerve. Meem wha believe dat. Wey u hear dat from?

They on park street now. Few !in the back I went for info and could not get it because all the files / data / tra LA LA wasn't transferred across yet.

Wouldn't doubt these numbskulls fabricate their own info for the budget nah.

Bout how long so it like this?

[nervewrecker]

Me thinks it was like that since around April. Donno if anything changed since, haven't gone back for info.
Was info on gis, population, stats for pipeborne water recipients and water supply and yadda yadda yadda I went for.
Only the gis was unavailable but knowing these people, they might strategically stifle info so they could have reason to fabricate their own. I am not putting anything past them because some of these claims do seem fishy.

[cphider]

Hybrid and Electric-powered vehicles Fuel-efficient cars may be broken down into two main categories:
• Hybrid Cars
• Electric–powered Cars

In modern society, the appetite for fuel-efficient cars is on the rise. This increase in demand is believed to be predominantly driven by intrinsic motives to preserve the environment.
Hybrid vehicles combine a conventional external propulsion system with an electric propulsion system.

The purpose of the electric component is intended to achieve the following:
• Better fuel economy
• Reduced emissions on the environment .

In order to encourage the purchase of these fuel-efficient vehicles, thus placing less of a demand on gasoline and diesel supplies and by extension reducing the fuel subsidy, the Honourable Minister has made the following pronouncement:

“I propose with effect from 1 January 2015 to exempt motor vehicle tax and VAT on new or used hybrid or electric-powered vehicles not older than two years for a period of five years for private or commercial use.”

The intention is to make these fuel efficient vehicles competitive and, therefore, more attractive.

From EY report on budget.

[desifemlove]

for the knowledgeable tuners, was the implications of a deficit budget?

Nothing...in itself.

can't be done forever though...governments have to borrow.

Same principle as a house or company, it's not sustainable over the long-term.

[wagonrunner]

Hybrid and Electric-powered vehicles Fuel-efficient cars may be broken down into two main categories:
• Hybrid Cars
• Electric–powered Cars

The purpose of the electric component is intended to achieve the following:
• Better fuel economy
• Reduced emissions on the environment .

Where / how is the electricity generated to fuel non-hybrid electric cars produced locally?

[Crackpot]

Nothing in this budget for the middle class who prop up this economy or the Public servant

[pete]

Hybrid and Electric-powered vehicles Fuel-efficient cars may be broken down into two main categories:
• Hybrid Cars
• Electric–powered Cars

The purpose of the electric component is intended to achieve the following:
• Better fuel economy
• Reduced emissions on the environment .

Where / how is the electricity generated to fuel non-hybrid electric cars produced locally?

Well, it helps in two ways. One is the main by-products of burning natural gas in a power plant are just water and CO2 and in a gasoline engine there are many other components produced which are harmful to the environment. Also gas turbines are more efficient than internal combustion engines, especially when the exhaust gases are used to power steam turbines as well.

[Habit7]

‘Hybrid/electric car plan will fail’
By \\\\\ Sue-Ann Wayow sue-ann.wayow@trinidadexpress.com
Story Created: Sep 8, 2014 at 9:21 PM ECT
Story Updated: Sep 8, 2014 at 9:21 PM ECT
GOVERNMENT failed to convince citizens to convert to compressed natural gas (CNG) vehicles and the incentives laid out for the importation of hybrid and electrical vehicles by Finance Minister Larry Howai will have the same result.

This is according to president of the Trinidad and Tobago Automotive Dealers’ Association (TTADA), Vishram Babwah, who said yesterday he was disappointed in the plans.

In his budget statement, Howai announced that Motor Vehicle tax and VAT relief would be provided on the importation of new and used hybrid and electric-powered cars not more than two years old, as a way of reducing gasoline and diesel consumption.

However, Babwah said: “It will not make any sense. They (Government) did it in the past with CNG where they gave the same incentives for the CNG vehicles and nobody took it up because it is not feasible and it will not really affect the downward price.

“It will not affect the price so much when you are only taking out a two-year-old vehicle. If they are importing a new car, this will favour them instead of used cars because they will be getting the cars at a wholesale price and we buy used cars in the open market,” he added.

“I really thought with having all the meetings and lobbying for more than three years for hybrid and electric vehicles, they were going to give us six years, because most of the lower and middle income persons, this is what they can afford. These are the people when they purchase these cars it would have had a period of impact on the fuel subsidy,”

Babwah said there was no way the used car dealers would be able to compete with the companies who would be bringing down the new hybrid and electric vehicles since they will be purchasing them directly from the manufacturers at a discounted price.

“If the Government is really serious about having an impact on the fuel subsidy they would not give us two years old. They are still on their CNG agenda and they want to force that down people’s throats because they are not giving the citizens of this country another option right now.

“With the hybrid and electrical vehicles the Government would not have to spend one cent of the taxpayers’ dollar to build infrastructure, so why not give it a fair chance.”

Keith Sankar, president of the Siparia Chamber of Commerce, said: “The present car prices are high. There is too much taxation. It should have a reduction in taxes for vehicles across the board. The poor man cannot buy those vehicles.”

http://www.trinidadexpress.com/news/Hyb ... 17541.html

[toyota2nr]

Question: would the law be applicable to all hybrids or just the smaller models?

The Porsche Cayenne could become considerably cheaper......*strokes chin*

[toyota2nr]

Hybrid and Electric-powered vehicles Fuel-efficient cars may be broken down into two main categories:
• Hybrid Cars
• Electric–powered Cars

The purpose of the electric component is intended to achieve the following:
• Better fuel economy
• Reduced emissions on the environment .

Where / how is the electricity generated to fuel non-hybrid electric cars produced locally?

There's always solar but that can generate a some of what is needed. Or maybe all..