Citizens of T&T will have to tighten their belts and change their lifestyle in order to survive the current recession.
Former Minister in the Ministry of Finance Mariano Brown made the comments on the Power Breakfast Show on Power 102.1fm this morning.
He stated that the only way to manage the recession was to be prudent and conservative in our expenditure.
He said there were huge implications for Trinidad and Tobago when the price of oil and gas fell last year.
He claimed that the recession started since then and blame for not informing the country fell squarely on the shoulders of the Governor.
He also took issue with the Governors decision to name companies in a recent speech.
Former Minister in the Ministry of Finance Mariano Brown.
Meanwhile……. “Doomsday Thinking and Talking” by the Government could further hurt the Trinidad & Tobago economy and people, and prolong economic stagnation. This from Opposition Leader, Kamla Persad-Bissessar, in a statement issued Monday.
Prime Minister Dr Keith Rowley in a recent comment claimed that this country has seven years of natural gas remaining. However, Persad-Bissessar has described the statement as “alarmist and a clear demonstration that the Prime Minister and Government do not understand the concept of natural gas reserves”.
Persad-Bissessar said: “Such alarmist statements not only demonstrate a lack of understanding of natural gas reserves, but also adds further negative pressures that could hurt confidence in the economy, and ultimately hurt the citizens.”
“In its haste to point fingers and pin fault, the Government has consistently sabotaged its own efforts at preserving economic stability and in three months, it is their own negative comments and doomsday thinking that have hastened the economic stagnation we are now experiencing.”
The former Prime Minister stated that her Government ensured that the last Ryder Scott report in 2013 was made public, on account of ensuring that the energy sector was governed by transparency, facts and modern policies.