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Habit7 wrote:I'm hearing that because of the fall in oil prices, premium gasoline users are no longer being subsidised but actually paying more than it is worth at $5.75 per litre?
Allergic2BunnyEars wrote:Habit7 wrote:I'm hearing that because of the fall in oil prices, premium gasoline users are no longer being subsidised but actually paying more than it is worth at $5.75 per litre?
I can believe that. The $5.75 price was very close to being unsubsidized if it was not unsubsidized already. As the price of oil goes down the price of fuel goes down as well. The government generally talks subsidy talk when oil prices skyrocket because it means they have to fork out more and the opposite happens when it falls. It's why Redman mentioned that the government is spending less on the subsidy and should state that out loud when talking about change in revenue/expenditure.
orangefox wrote:^^ Negative Bunny
A consumption subsidy ( e.g. gas subsidy ) is one that subsidies the behavior of consumers. These type of subsidies are most common in developing countries where governments subsidies such things as food, water, electricity and education on the basis that no matter how impoverished ( sufferers included ), all should be allowed those most basic requirements.
Redman wrote:Allergic2BunnyEars wrote:Habit7 wrote:I'm hearing that because of the fall in oil prices, premium gasoline users are no longer being subsidised but actually paying more than it is worth at $5.75 per litre?
I can believe that. The $5.75 price was very close to being unsubsidized if it was not unsubsidized already. As the price of oil goes down the price of fuel goes down as well. The government generally talks subsidy talk when oil prices skyrocket because it means they have to fork out more and the opposite happens when it falls. It's why Redman mentioned that the government is spending less on the subsidy and should state that out loud when talking about change in revenue/expenditure.
We paying 3.45 a U.S. gallon.
High daily average is 2.58.
Redman wrote:They like to pay top dollar for Highway,tow jobs,big holes and I gues gas.
Smh.....
My question is that the subsidy flows to Petrotrin from the GORTT
Does this mean the flow reverses since Petrotrin is making the spread?...which is now Positive?
Knight Rider wrote:Redman wrote:They like to pay top dollar for Highway,tow jobs,big holes and I gues gas.
Smh.....
My question is that the subsidy flows to Petrotrin from the GORTT
Does this mean the flow reverses since Petrotrin is making the spread?...which is now Positive?
Man forget to talk about advertising lol. They spend alot on that and religion too.
I've heard from a friend of mine veteran oilfield worker that trinidad had been unable to produce its own gasoline for a while now and that we import from Venezuela. Is that at all possible or just speculation?
sMASH wrote:Something I was schooled on recently.
Debt and deficit are both what a country owes. The difference is the time frame each refers to.
Deficit is the difference between the income and the expenditure for a specific year. So if a country generates 5bn in income in a year but spends 7bn, it had a deficit of 2bn.
Debt is the total of all the deficits. It is overall what the country owes.
We all use these to measure the performance of any particular government. The problem occurs when the politicians and their supporters use the terms wrongly to make themselves look good or make their opponents look bad.
But u can't just say that a high deficit figure is cause for concern. Inflation may simply be the problem that when accounted for, makes the value on par with previous years.
As redman pointed out, the yearly expenditure or budget, needs to be factored when comparing.
The ratio of deficit to budget should be a more realistic statistic to use, as it would factor out inflation.
pioneer wrote:Prices don't drop in Trinidad.
bluesclues wrote:sMASH wrote:Something I was schooled on recently.
Debt and deficit are both what a country owes. The difference is the time frame each refers to.
Deficit is the difference between the income and the expenditure for a specific year. So if a country generates 5bn in income in a year but spends 7bn, it had a deficit of 2bn.
Debt is the total of all the deficits. It is overall what the country owes.
We all use these to measure the performance of any particular government. The problem occurs when the politicians and their supporters use the terms wrongly to make themselves look good or make their opponents look bad.
But u can't just say that a high deficit figure is cause for concern. Inflation may simply be the problem that when accounted for, makes the value on par with previous years.
As redman pointed out, the yearly expenditure or budget, needs to be factored when comparing.
The ratio of deficit to budget should be a more realistic statistic to use, as it would factor out inflation.
deficit spending is what creates inflation. for an example.. if the country budget is 100bn and we go into a 30bn deficit for the next budget(130bn) then the purchasing power of each and every dollar is reduced by 30%. this in turn causes local businesses, sharp in understanding about the economy to raise their prices by 30%. if salaries stay the same then it means a family can acquire only 70% of what they could with their salary. it is equivalent that every dollar in that situation, though it has a $1 written on it, is only worth 70 cents on the market. this is inflation devaluing the dollar. with some number shifting you can postpone devaluation against foreign currencies but that too reduces purchasing power. this is why wages shouldnt lag behind, but they do, generally because the working class doesnt understand all these inner workings to know that just like everyone else who balance their issues by raising prices 30% for their services, so should they. while transport, lunch etc take a bigger chunk out of their salary.
UML wrote:What the PNM wants to fool the blind with and those with short memories is that this government saved this country from depression after the PNM abandoned the ship after mismanagement, overspending and bad investments with numerous oil booms. This government saved this country by making decisive economic decisions that kept the country afloat. Added to the fact that the UNC did more with a lower oil price last time that they were in government than what the PNM did with 50 yrs in government high oil prices and many oil boomssss!!! From negative to no economic growth to positive economic growth under the PPG!!
Redman wrote:bluesclues wrote:sMASH wrote:Something I was schooled on recently.
Debt and deficit are both what a country owes. The difference is the time frame each refers to.
Deficit is the difference between the income and the expenditure for a specific year. So if a country generates 5bn in income in a year but spends 7bn, it had a deficit of 2bn.
Debt is the total of all the deficits. It is overall what the country owes.
We all use these to measure the performance of any particular government. The problem occurs when the politicians and their supporters use the terms wrongly to make themselves look good or make their opponents look bad.
But u can't just say that a high deficit figure is cause for concern. Inflation may simply be the problem that when accounted for, makes the value on par with previous years.
As redman pointed out, the yearly expenditure or budget, needs to be factored when comparing.
The ratio of deficit to budget should be a more realistic statistic to use, as it would factor out inflation.
deficit spending is what creates inflation. for an example.. if the country budget is 100bn and we go into a 30bn deficit for the next budget(130bn) then the purchasing power of each and every dollar is reduced by 30%. this in turn causes local businesses, sharp in understanding about the economy to raise their prices by 30%. if salaries stay the same then it means a family can acquire only 70% of what they could with their salary. it is equivalent that every dollar in that situation, though it has a $1 written on it, is only worth 70 cents on the market. this is inflation devaluing the dollar. with some number shifting you can postpone devaluation against foreign currencies but that too reduces purchasing power. this is why wages shouldnt lag behind, but they do, generally because the working class doesnt understand all these inner workings to know that just like everyone else who balance their issues by raising prices 30% for their services, so should they. while transport, lunch etc take a bigger chunk out of their salary.
Inflation is purely a monetary issue.
It has NOTHING TO DO WITH DEFICITS.
At least not in this world
bluesclues wrote:Redman wrote:bluesclues wrote:sMASH wrote:Something I was schooled on recently.
Debt and deficit are both what a country owes. The difference is the time frame each refers to.
Deficit is the difference between the income and the expenditure for a specific year. So if a country generates 5bn in income in a year but spends 7bn, it had a deficit of 2bn.
Debt is the total of all the deficits. It is overall what the country owes.
We all use these to measure the performance of any particular government. The problem occurs when the politicians and their supporters use the terms wrongly to make themselves look good or make their opponents look bad.
But u can't just say that a high deficit figure is cause for concern. Inflation may simply be the problem that when accounted for, makes the value on par with previous years.
As redman pointed out, the yearly expenditure or budget, needs to be factored when comparing.
The ratio of deficit to budget should be a more realistic statistic to use, as it would factor out inflation.
deficit spending is what creates inflation. for an example.. if the country budget is 100bn and we go into a 30bn deficit for the next budget(130bn) then the purchasing power of each and every dollar is reduced by 30%. this in turn causes local businesses, sharp in understanding about the economy to raise their prices by 30%. if salaries stay the same then it means a family can acquire only 70% of what they could with their salary. it is equivalent that every dollar in that situation, though it has a $1 written on it, is only worth 70 cents on the market. this is inflation devaluing the dollar. with some number shifting you can postpone devaluation against foreign currencies but that too reduces purchasing power. this is why wages shouldnt lag behind, but they do, generally because the working class doesnt understand all these inner workings to know that just like everyone else who balance their issues by raising prices 30% for their services, so should they. while transport, lunch etc take a bigger chunk out of their salary.
Inflation is purely a monetary issue.
It has NOTHING TO DO WITH DEFICITS.
At least not in this world
you are wrong. i dont think u understand how government shifts resources to balance books and mitigate negative statistics in the areas that people observe. u take the bait and switch. watch my left hand while i slap u with my right. if all was left naked then with every deficit you would see a decline against foreign currencies. but if you shift a few numbers in the right places you could make a loss appear as a profit to the nation. understand that.
nervewrecker wrote:Heard on the news today that China loaned vene a US$20M.
Isn't it China self that bail out the USA when they was in the recession? Did they ever pay back or China yet to make their claim?
Allergic2BunnyEars wrote:Habit7 wrote:I'm hearing that because of the fall in oil prices, premium gasoline users are no longer being subsidised but actually paying more than it is worth at $5.75 per litre?
I can believe that. The $5.75 price was very close to being unsubsidized if it was not unsubsidized already. As the price of oil goes down the price of fuel goes down as well. The government generally talks subsidy talk when oil prices skyrocket because it means they have to fork out more and the opposite happens when it falls. It's why Redman mentioned that the government is spending less on the subsidy and should state that out loud when talking about change in revenue/expenditure.
Redman wrote:nervewrecker wrote:Heard on the news today that China loaned vene a US$20M.
Isn't it China self that bail out the USA when they was in the recession? Did they ever pay back or China yet to make their claim?
Many people expect Maduro to be toppled by a coup....regime change in Venezuela brings uncertainty to the oil markets.
Excess supply disappears????
bluesclues wrote:Redman wrote:bluesclues wrote:sMASH wrote:Something I was schooled on recently.
Debt and deficit are both what a country owes. The difference is the time frame each refers to.
Deficit is the difference between the income and the expenditure for a specific year. So if a country generates 5bn in income in a year but spends 7bn, it had a deficit of 2bn.
Debt is the total of all the deficits. It is overall what the country owes.
We all use these to measure the performance of any particular government. The problem occurs when the politicians and their supporters use the terms wrongly to make themselves look good or make their opponents look bad.
But u can't just say that a high deficit figure is cause for concern. Inflation may simply be the problem that when accounted for, makes the value on par with previous years.
As redman pointed out, the yearly expenditure or budget, needs to be factored when comparing.
The ratio of deficit to budget should be a more realistic statistic to use, as it would factor out inflation.
deficit spending is what creates inflation. for an example.. if the country budget is 100bn and we go into a 30bn deficit for the next budget(130bn) then the purchasing power of each and every dollar is reduced by 30%. this in turn causes local businesses, sharp in understanding about the economy to raise their prices by 30%. if salaries stay the same then it means a family can acquire only 70% of what they could with their salary. it is equivalent that every dollar in that situation, though it has a $1 written on it, is only worth 70 cents on the market. this is inflation devaluing the dollar. with some number shifting you can postpone devaluation against foreign currencies but that too reduces purchasing power. this is why wages shouldnt lag behind, but they do, generally because the working class doesnt understand all these inner workings to know that just like everyone else who balance their issues by raising prices 30% for their services, so should they. while transport, lunch etc take a bigger chunk out of their salary.
Inflation is purely a monetary issue.
It has NOTHING TO DO WITH DEFICITS.
At least not in this world
you are wrong. i dont think u understand how government shifts resources to balance books and mitigate negative statistics in the areas that people observe. u take the bait and switch. watch my left hand while i slap u with my right. if all was left naked then with every deficit you would see a decline against foreign currencies. but if you shift a few numbers in the right places you could make a loss appear as a profit to the nation. understand that.
DVSTT wrote:Redman wrote:nervewrecker wrote:Heard on the news today that China loaned vene a US$20M.
Isn't it China self that bail out the USA when they was in the recession? Did they ever pay back or China yet to make their claim?
Many people expect Maduro to be toppled by a coup....regime change in Venezuela brings uncertainty to the oil markets.
Excess supply disappears????
China is the new Super power
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