The Employers Consultative Association of Trinidad and Tobago has described Monday’s national budget as fairly balanced with a mix of austerity measures and incentives.
E.C.A. says the government must be commended for achieving a reduction in the budget deficit, insisting this is a move in the right direction.
The ECA explains that it recognizes that the circumstances require not only tough decisions by the government, but, more importantly, it requires a renewed collective effort by all social partners towards the transformation of present and future socio-economic realities.
It suggests that the time has come for behavioral changes towards improving productivity, competitiveness and work ethic, which are going to be key drivers in our efforts to turnaround the economy and for our businesses to be seen as competitive on the world stage.