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Finance Minister to present MULTI Billion dollar budget today

by | Sep 8, 2014

PM KAMLA PBThe Peoples Partnership’s will present the fifth fiscal package since coming into Government, today at 1:30 pm.

It is the last one that the People’s Partnership Government will present before its term expires next year.

The Government has already indicated certain benefits in this year’s budget presentation.

It says poor expectant mothers, anxious students, motorists, skeptical workers, and potential home seekers will all benefit.

PM Persad-Bissessar told a crowd of Congress of the People members that Government also has incentives for investors and the manufacturing sector. The occasion was the COP’s 8th anniversary celebrations.

The Energy Minister has stated that there would be no increase in gas prices.

Housing Minister Roodal Moonilal indicated that his ministry requested $6 billion in anticipation of an accelerated construction and distribution programme, signalling potential benefits for house owners.

There has been pressure from the trade union movement and some civil society groups for Government to increase the minimum wage, from the current $12.50 to $20 an hour.

The Prime Minister disclosed that she had a “surprise” for those involved in the labor sector.

She also indicated that Government would be dealing with tax administration issues.

Minister of Finance Larry Howai is expected to present the country’s largest-ever budget this afternoon.

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