Minister of Energy Kevin Ramnarine, recently commented on falling oil prices and its effect on the economy of Trinidad and Tobago.
He stated that falling oil prices did have negative impact on T&T’s revenue. However, he revealed that it’s not all grim news.
Speaking to reporters last evening after a United National Congress Meeting in Fyzabad, he disclosed that for the fiscal year T&T was able to get better than expected revenues because of Natural Gas prices.
He divulged that the Prime Minister had stated that she had taken steps to address the situation by cutting expenditure, while preserving the standard of living of citizens of Trinidad and Tobago.
He also gave an example of how the Government did this.
Minister of Energy Kevin Ramnarine.