T&T Budget 2020 is on October 5th

[zoom rader]

Most of what he said is BS and repetitive but I must admit, it wasn't an austerity budget that many predicted it would be.

And the people that support this red Goverment all applaud.

Jack arse country filled with stupid people that support this red Goverment

[zoom rader]

The PA increase means those that pay tax get an extra $3k/yr or $250/mth extra in income.

And they have to pay it back on house taxes.

[zoom rader]

UNC die hard supporters quiet boy...

The budget wasnt that bad as expected.

All that crying and bawling....what are your thoughts?

PNM 2025 eh

How many houses and land you own?

[bluefete]

Excellent question. NP upgraded most of their stations within the past 8 years or so. If they are looking to get market value, many of the smaller dealers will have to leave because they simply do not have that kind of money.

Guess who will end up buying / owing the majority?

NP just found out about this. Lol.

So as the minister said....the dealer sets his own prices.

Historically deregulation pushes fuel margins to zero.

How do you sell stations that need 12-15m worth of upgrade...on sub 1% margins with Business Levy and Green fund being top line taxes.

np stations to be sold
preference to existing station owners

Did he say this?

NP to be privatised.

[sMASH]

1. that is communism. the big producers will get their products purchased, and the govt will flood the market with low cost goods, at a price that smaller producers who govt dont buy from, will be forced out of the market. u might get chive at $2 a bundle to buy, but govt buying it at $3 a bundle from their preferred producers, and the small farmer cant produce and sell profitably at less than $3.50. so, they will hadda wrap up.

3. reducing the welfare 'make wuk' system, but in a contracted economy where people gonna find jobs?

5. we asked for that, now we getting it. that will be interesting. which station selling the cheaper gyas.... line like dat, will police ticket people for causing traffic?

6. creative and cultural industries always on some grant in any case.

7. drop in the bucket, but every drop counts.

8. kamla did it bess, wheel and come back.

11. thats the way to go with most things. should actually float some shares on the stock market for some of them.

12. making cars more expensive, push to public transport, and the road like tata.

13. we vote for dat. but beetham, sea lots, lavantee... infact most red and ready zones, voting and crime, will they get taxed? will people go those places to valuate?

[The_Honourable]

Roget and them going and get f... up.

I got that feeling too.

Royally...

OWTU called the PM's bluff back in 2018 but after dangling that carrot in front Roget for the past year, Patriotic not getting that refinery.

[zoom rader]

Take bull to dumb f**ks that voted for this 5hit

[K74T]

#ICYMI

Finance Minister Colm Imbert delivered a three-hour-long presentation of Trinidad and Tobago's 2021 budget in Parliament on Monday.

Here are the key takeaways:

1. Government has approved a $500 million agriculture stimulus package in 2021, in addition to regular budgetary allocations. It has promised to increase the use of digital technology in agriculture and focus on food security in light of an intolerable food import bill.

The government will also look at developing downstream agriculture industries and creating a strong agri-business eco-system. Imbert said food security must be a major activity in the new economy.

He said the government will also guarantee state agricultural purchasing and distribution of local content for the school feeding programme, public hospitals and the protective services.

2. Over the next ten years the HDC will deliver over 25,000 homes on state land and will provide a mix of housing solutions for people of different levels of incomes and socio-economic standings.

According to Imbert's breakdown, 10,000 starter homes at a cost of $250,000 will be offered for a monthly payment of $925 with no downpayment. An additional 5,000 affordable homes will be available at a cost of between $350,000 to $500,000, starting with a five per cent downpayment.

Another 5,000 are expected to be built, valued between $650,000 and $900,000 for middle-income buyers. Young professionals will also have access to homes built by the HDC valued between $1 million and $1.5 million.

3. The government is freezing the filling of all vacancies in the public service for a year and considering extending the retirement age to 65.

4. The Government will create an electronic funds transfer window to allow payments, such as taxes, to be completed electronically.

5. The liquid petroleum fuel market will be liberalised, in other words, the fuel subsidy will be removed as of January 2021. Prices will be based on the market and dealers will be able to set their own margins. Wholesale margins will remain fixed for the time being.

NP gas stations will be privatised/sold, with first preference to existing dealers.

6. Government will extend the salary relief grant to December 2020 for people who work in the creative and cultural industries. Imbert said the government would establish a local content guideline for local media houses and by 2022, provide incentives to increase the local music played on radio stations.

7.Anyone earning $7,000 per month or less will be exempt from income tax as the personal tax allowanced has ben raised from $72,000 to $84,000. It will take effect in January 2021.

8. Government has allocated $50 million for the acquisition of computers for needy students. This will be done in a joint effort between the ministries of Education; Public Information and Digital Transformation; and Social Development and Family Services.
Government has also introduced a programme to deliver wireless hotspots for students without internet access. The devices will be provided for 45,000 students.

The government will also remove all taxes on mobile phones and software. Imbert also announced technology-based tax allowances for businesses.

9. Government will look at other options for the purchase of the Pointe-a-Pierre oil refinery if an agreement is not finalised with Patriotic Energies and Technologies by October 31.

10. The new fast ferry will arrive and go into service on the seabridge by the end of December . It will be able to carry more than 900 passengers, and 250 cars and will take less than three hours to get to Tobago.

11. The Ministry of Works has been advised to find a private-sector partner to run commercial operations at the Port of Port of Spain, with the inter-island ferry remaining under the Port Authority.

12. The Government will remove concessions on new cars, making it more expensive to import them, and will decrease the age of foreign-used cars that can be imported from five years to three from January 2021.

13. Imbert announced mandatory valuations so that the property tax can be determined.

Projected revenue for the budget is $41.364 billion and projected expenditure is $49.573 billion. The deficit is expected to be $8.209 billion.

It is based on an oil price of US$45 and a gas price of $3 per MMBtu.

By Ministry, the breakdown is as follows:

National security: $5.227 billion
Education: $7.973 billion
Health: $6.050 billion
Local Government:$1.642 billion
Works and Infrastructure: $2.956 billion
Agriculture: $1.198 billion
Housing: $1 billion
Public Utilities:$2.091 billion

#wedoingthistogether #onwardsandupwards #pnmonthejob #nationalbudet2021

[j.o.e]

Take bull to dumb f**ks that voted for this 5hit

Hadda get more creative zoom.

[redmanjp]

All taxes on software, computers etc will be removed.

This is to encourage young people.

who really 'buys' software?
thats like removing the taxes on the solar water heaters... would be better to remove it on pv systems,

better would be to increase software development in the trades schools. ting databasing, web design, programming, graphic design, app building etc. push out carnival degree and music studies.
u really need a degree to learn how to shout 'HUYYY!'?

or even better, subsidize it or give rebates

[zoom rader]

I am still reeling in agony from the increase in water rates, electricity rates, LPG subsidy removal and increase in personal income tax.

Waw. That was rough.

Next year, the MoF need to remove all duties and VAT on super glue and stitches so all the naysayers can seal their mouths shut.

HA! U tell em. The UNC famatics quiet. Where they gone?

I know you like licking the red Goverment arse and are totally clueless to how the operate.

You clearly don't understand how the red Goverment sets line , sinker and bait.

Their pattern is to preprogram citizens, this is just a dip next year more taxes will come.

They have done it was gas prices with increments every year and now it's the full blow.

What a stupid country filled with stupid people that support this red jackarse Goverment

[zoom rader]

Take bull to dumb f**ks that voted for this 5hit

Hadda get more creative zoom.

It has to sink in the dense people that support this red jackarse goverment.

These are same people that clapped saying Rowlee did a good job in covid, when they hid the real figures .

[paid_influencer]

perception is a hell of a thing... man tell we retirement age going up to 65 and folks saying that not so bad...

working till ah dead crew, checking eeeeeen. never checking out

[pugboy]

the np gas station news proving to be a good diversion from the real issues

btw did he say anything about caribbean airlines ?

[zoom rader]

the np gas station news proving to be a good diversion from the real issues

btw did he say anything about caribbean airlines ?

You house tax will fund CAL and the people that support this red Goverment while your pot hole grows in front your drive way.

[screwbash]

np workers anus musbe quivering right now. the golden goose they were eating from for years going to get slaughtered. sad news is they should ah see this coming when they fire a set ah dem some years ago and they went to court and np had to hire them back.

[4kin4kar]

Imbert ignored almost all the recommendations from the Roadmap to recovery team.

Because it was a mamaguy to make dumb fools feel important. Both parties use this same tactics.

[aaron17]

Take bull to dumb f**ks that voted for this 5hit

?

[aaron17]

Like somebody open ah pack ah salt prunes in this thread.

[VexXx Dogg]

Some predictions based on pure speculation, obviously

MVT to raise
Vice tax - cigs and alcohol to raie
Gambling taxes to raise and hopefully they enforce it
Possibly a diesel increase
Possibly reduction of waivers on hybrids
possible increase to certain govt services, passport, license renewal etc

Guesses weren't bad

[sMASH]

Imbert ignored almost all the recommendations from the Roadmap to recovery team.

Because it was a mamaguy to make dumb fools feel important. Both parties use this same tactics.

To look gud in the international front for doing a thing for covid recovery.look back at our posts, and u bound to see some one of us point out that it was a pappyshow team.
And that vassant barrath and dookeran was playing them selves.

[shake d livin wake d dead]

All them project cars gonna hold price...r34 s15 evo 3rd gen etc

Subsidies gone from gas = increases in every single thing you can think about

So as fast as they give....they taking back...similar to the NAR 1986 budget

[Numb3r4]

Well it was a budget and I'm alive so not to bad I guess.

Still would like a little more clarity on the property tax, its break down and methods.

[pugboy]

man say he removing concessions on new cars

what are the concessions that new cars currently receive ?

[Chimera]

I assume new hybrids under 1.5 liter have no mvt vat or duty.

So that must be gone.

[maj. tom]

man say he removing concessions on new cars

what are the concessions that new cars currently receive ?

The free polish, oil change and mileage rollback when you buy it RORO. They will have to tax that now.

[sMASH]

travel if ur poor. gas gone up, diesel gone up, vehicle price gone up,, cause roro will cant be that cheap again so new.

[bluefete]

travel if ur poor. gas gone up, diesel gone up, vehicle price gone up,, cause roro will cant be that cheap again so new.

And the 1% new car dealers win out again.

[viedcht]

Some predictions based on pure speculation, obviously

MVT to raise
Vice tax - cigs and alcohol to raie
Gambling taxes to raise and hopefully they enforce it
Possibly a diesel increase
Possibly reduction of waivers on hybrids
possible increase to certain govt services, passport, license renewal etc

Guesses weren't bad

Good calls .
Shocking income tax decrease move though, but I ain't complaining

[screwbash]

All them project cars gonna hold price...r34 s15 evo 3rd gen etc

Subsidies gone from gas = increases in every single thing you can think about

So as fast as they give....they taking back...similar to the NAR 1986 budget

same thing i said and remember what came after NAR touch apple and grapes and ban them. we suffer under that dotish tobagoian and we under a next tobagoian.