Budget 2016/2017

[INHUMAN]

Tax doubles and sugar

They cud tax yuh mc and ppl would still make sperm deposits

[Sundar]

^ And nobody light bill here does be $299 either.....

Even if I scale back drastically my bill does still be more than $500 and thats with just 1 AC and florescent bulbs so I really don't see how anybody matching $299

My light bill is around $100-150 average......

[drchaos]

^ And nobody light bill here does be $299 either.....

Even if I scale back drastically my bill does still be more than $500 and thats with just 1 AC and florescent bulbs so I really don't see how anybody matching $299

My light bill is around $100-150 average......

And what about the bill for the Tv, fridge, fan and every other electrical appliance in your house?

[Sundar]

^ And nobody light bill here does be $299 either.....

Even if I scale back drastically my bill does still be more than $500 and thats with just 1 AC and florescent bulbs so I really don't see how anybody matching $299

My light bill is around $100-150 average......

And what about the bill for the Tv, fridge, fan and every other electrical appliance in your house?

That's everything and incandescent bulbs mostly. I've recently started changing into fluorescent bulbs, one so far. We've three fans in the house that are on mostly when we're home. Plus I've a pump. No ac as yet.

[cherrypopper]

Coming from a previous smoker I find that cigarettes should be taxed more. .

A pack of cigarettes should be at least 50 bucks

Was ure logic here?

Cuz u doh smoke no more u against cigarettes now? U worse dan them hoes who does turn to church when they get baby then wanna tell everyone they living in sin

My logic was to catch a chupidee and I did.

[K74T]

Rofl

[bluesclues]

Lmfao^

[iarmd1]

Ha t and tech robbing me some how I pay a average of 1200 every two months and only have two Ac that's on bedroom in the night and living room in evening and use the drier three times on a weekends

[adnj]

Aren't we already paying Amazon a 6% Tax to ship to skybox in Florida?

That 6% is Florida sales tax. You are declaring a Florida address for the delivery so the state is paid the tax. Amazon simply collects it from you.

[sMASH]

If u move up into the upper brackets in the current usage, u would be paying more.
Did some welding by a padnah for a week. Chop saw, grinder, welding planT. The bill fro that month went up by a $90 or so.
Will check this cycle's bill to see compare.

[car]

I think it's 24 cents for the first 400kw and then 32 cents for the next 200 and then 38 cents for over 600kw

[2WNBoost]

Domestic Rates

1 - 400 kWh at TT $0.26 PER kWh
401 – 1,000 kWh at TT $0.32 per kWh
Over 1,000 kWh at TT $0.37 per kWh

https://ttec.co.tt/default/tariffs-2#residential

[Lance]

I wrote an abstract review on the budget today. Basically what it's really trying to achieve - much of it implicit. I'll post more on it over the next few weeks as details filter out.

http://www.migueldindial.com/trinidad-budget-2017/

[Allergic2BunnyEars]

I wrote an abstract review on the budget today. Basically what it's really trying to achieve - much of it implicit. I'll post more on it over the next few weeks as details filter out.

http://www.migueldindial.com/trinidad-budget-2017/

Just read it and the part about waiting for oil and gas prices to rebound is pretty much what i agree with. I don't think it matters who is in government. The response would be the same. Rely on oil and gas. Diversification is a nice word but I don't think anyone is truly interested in it to really make hard decisions.

Even big local corporations pretty much stick to their main bread and butter and they are generally more risk taking than a government. I do think the government has projects in mind to implement that very slightly pivot away from oil and gas but they don't have the money to do them at this point.

[Lance]

I wrote an abstract review on the budget today. Basically what it's really trying to achieve - much of it implicit. I'll post more on it over the next few weeks as details filter out.

http://www.migueldindial.com/trinidad-budget-2017/

Just read it and the part about waiting for oil and gas prices to rebound is pretty much what i agree with. I don't think it matters who is in government. The response would be the same. Rely on oil and gas. Diversification is a nice word but I don't think anyone is truly interested in it to really make hard decisions.

Even big local corporations pretty much stick to their main bread and butter and they are generally more risk taking than a government. I do think the government has projects in mind to implement that very slightly pivot away from oil and gas but they don't have the money to do them at this point.

I initially thought the same thing regarding the means vs motive argument about not having the money to make strategic investments (we must also realize that the government's role in this goes beyond capital investment).

But the funds are there or can be had. If you could dip into the HSF for recurrent expenditure and can issue a bond for back pay then you can do the same for capital investment projects. It's about political will for long term development.

You're also right on the uniformity of this political short-sightedness. This is by no means a critique of only this adminstration.

[HSA]

[nervewrecker]

Is we money being used to mine them.
Free food, free land, free electricity, free money.

[viedcht]

Waaay... it have some rell bias views in this thread...

[drchaos]

I wrote an abstract review on the budget today. Basically what it's really trying to achieve - much of it implicit. I'll post more on it over the next few weeks as details filter out.

http://www.migueldindial.com/trinidad-budget-2017/

Well written and a good analysis.

[Daran]

I wrote an abstract review on the budget today. Basically what it's really trying to achieve - much of it implicit. I'll post more on it over the next few weeks as details filter out.

http://www.migueldindial.com/trinidad-budget-2017/

Nice analysis and good writing style man!

I'd like to reiterate that I don't see taxing the population to be a good measure at all. We've experienced extraordinary inflation over the last 15 years, and consequently, personal savings is down for most.

Having capital savings stored in banks and other financial institutions are very much necessary for an economy to grow. It facilitates new investment which in turn stimulates the economy.

However, adding more taxes while having salaries constant (obviously no choice here), decreases this even further. Secondly, Imbert has created a perception of T&T having a negative economy, when in fact, a lot of money is still there. I don't disagree with property tax (once it's implemented right), nor gaming and alco/tobacco taxes. However, the skybox tax is unnecessary and limits a lot of potential investment to be made by SMBs. Raising diesel is something that probably shouldn't have been done just yet as it's only going to add to unnecessary inflation.

What worries me, and worries you too, is that there's no push for any new revenue generating investments here.

You might be quite right in saying this is a budget where we just biding time till oil prices raise. But what if it doesn't? Do we just wait out the next 5 years while PNM doesn't do anything substantial to boost the economy? I'm not even talking diversification, I'm talking about just helping and stimulating the local economy, they're doing everything to stifle the business environment.

Maybe ED and he racist cabal supporting neighbor right, PNM trying to kill off Indian businesses.

[sMASH]

The new revenue source is supposed to be the Patrick manning stadium. Repairs supposed to be finished by the end of this year.... if I remember correctly

[sMASH]

There is also the Mitsubishi plant coming.
They boast about the sandals resort deal. $500,000,000 revenue per year. That would mean, each day 274 customers would have to generate a net profit of $5000. Supposed to employ 2000 persons at a time.
I doubt it would be such a can cow, but the satellite business will help out the immediate region. It will generate income, just not 500 million a year income.

The incentive to builders is a nice idea, but would not really be as effective enough to be a game changer, or even a stabilizer. That's like a grant, the individual might benefit bit overall little benefit.

The problem is that there isn't much we can get into to generate inflow of money. We can do so inside the country, as they are doing, but we need means to get foreigners to give us USd.

The methanol and ammonia markets are saturated, that's why the Mitsubishi project is a positive.
Melamine is a great profit margin product, just a bit complicated to produce.

We can try to produce the same things China produces, and sells. The natural gas is here and we are quite closer to the US than them. We should be able to compete.

But the government can't be responsible for those initiatives, they would do wrong analyses and not ready quickly enough. Private enterprise would better be able to respond to the demands of the markets. Government just needs to facilitate when someone has a good idea.

I still say we should be able to produce steel for the regional market in spot runs. Even self it produces at a cost to undercut the foreign imports, it would be a benefit to the local economy.

[Dizzy28]

Lance the details are all there for the budget. Both recurrent and PSIP figures went up on MoF website by 4.30pm yesterday. TTIFC got a big raise in allocations so I guess they are key to diversification measures.

[Morpheus]

Maybe ED and he racist cabal supporting neighbor right, PNM trying to kill off Indian businesses.

[Lance]

Lance the details are all there for the budget. Both recurrent and PSIP figures went up on MoF website by 4.30pm yesterday. TTIFC got a big raise in allocations so I guess they are key to diversification measures.

Thanks man,

I just had a quick browse of it development program document. Quantitatively the story doesn't change. Seems like about 5.1 billion was devoted to development investment from both the consolidated and IDF.

But to be fair, I'll have to go through line by line to see how it's been allocated.

The PSIP supporting financial documents are not yet available though.

[BRZ]

Once again, no additional taxes for those wealthy individuals that own multiple houses and apartments,I guess a lot of ministers and their friends would be taxed further so they obviously didn't want to do that.

[De Dragon]

There is also the Mitsubishi plant coming.
They boast about the sandals resort deal. $500,000,000 revenue per year. That would mean, each day 274 customers would have to generate a net profit of $5000. Supposed to employ 2000 persons at a time.
I doubt it would be such a can cow, but the satellite business will help out the immediate region. It will generate income, just not 500 million a year income.

The incentive to builders is a nice idea, but would not really be as effective enough to be a game changer, or even a stabilizer. That's like a grant, the individual might benefit bit overall little benefit.

The problem is that there isn't much we can get into to generate inflow of money. We can do so inside the country, as they are doing, but we need means to get foreigners to give us USd.

The methanol and ammonia markets are saturated, that's why the Mitsubishi project is a positive.
Melamine is a great profit margin product, just a bit complicated to produce.

We can try to produce the same things China produces, and sells. The natural gas is here and we are quite closer to the US than them. We should be able to compete.

But the government can't be responsible for those initiatives, they would do wrong analyses and not ready quickly enough. Private enterprise would better be able to respond to the demands of the markets. Government just needs to facilitate when someone has a good idea.

I still say we should be able to produce steel for the regional market in spot runs. Even self it produces at a cost to undercut the foreign imports, it would be a benefit to the local economy.

Can't cycle plant equipment like that, besides anti-dumping laws would kill us with our subsidized gas and electricity rates. Only someone with a well established existing market where it would be cost effective to ship from Trinidad would invest in Arcelor Mittal.

[sMASH]

Anti dumping is problem.
So u would have to find an importer who would accept our products as part of their stock.

Wrt to the equipment cycling. U supposed to come down every two years for government inspection. And then there are trips. So plants do have a fair amount of cycling going on. And they hold out pretty well considering.

This is not for optimal reliability, this is to find a balance between the cycling and production.
U would not be as economic or reiliable as if on Line all the time, But u could achieve a certain amount of economics to provide jobs, increase foreign sales, and better use the natural gas, instead of selling it off cheaply.

In the down times, u can have a skeleton crew jogging equipment which can be jogged, to have up keep.
When time to do a production run, u start earlier, so that any upset, can be handled with ease. And u over produce, so that if u go get a spot sake u can capitalize without having to do a start up.
Then u come down again. And do u very extended turn around, but at leisure.

I have seen the conveyor belt at sp4 work very intermittently. Sometimes once for the year. And they have a crew which just does upkeep u till they get another job for corn or proton ore.


Jamie and stockpile a lot of billets at an optimum production, between efficiency and equip!ent life span.

Some times u could run at 95% to save on equipment ware, instead of 102% which would give u efficiently. So u get a balance between economies of scale and economies of equipment degradation.



But steel isn't the way to go. Petroleum byproducts is our way out.





We could produce what Mexico produces, and negotiate some contracts to accept our products as part of their components stocks. Become a component supplier for tools and electronics, to be assembled in America.
They want to bring jobs back there, they may not manufacture the components, but they most likely outsource it and do the assembly there.


We could do plastic enclosures like for tv's, stereos, cars. Get some aluminium and do aluminum components.


Eventually expand into circuit boards...

Government can't do that though. A business will have to have that drive, with the government helping establish the connections.

[De Dragon]

Still, you will lose on fixed costs, depreciation etc. Very unattractive to an ordinary investor. Many of these contracts are also take or pay, so basically you pay whether using the resource or not. Look at Cliffs, they've been mothballed for years now and no takers.
Plants cycle yes, but not deliberately due to the shortening of equipment life, economics etc. When you lose that production, it is basically gone forever. Batch plants are designed for batch runs of product and are generally smaller type processes, that can switch on or off without any negative effects.

[mamoo_pagal]

https://www.change.org/p/the-minister-o ... custom_msg


petition against onine tax