Author: Robley Baynes

ACCOUNTANT’S REPORTFinance Minister Colm Imbert has presented the budget for fiscal 2020 in the Parliament. The Minister assured that efforts are underway to address the deficit of $5.2 billion or 3.1 percent of the country's GDP.The Minister proposed a number of incentives covering the labour, social services, crime, and the environment sectors. These incentives signify the that the economy is moving one step further to recovery from the historical deficit budgets.The major items our Firm considered mentioning for this Year’s Budget:THE ENVIRONMENT The Government’s commitment and stated goal of placing the environment at the centre of national development. The move of eliminate the use of Styrofoam and single-use plastics within the national economy is one step further in this direction. Government offices will switch out their plastic water bottles for…

TOBAGO RECEIVED $2.283B, 4.3 PERCENT ON THE NATIONAL 2019/2020 BUDGETTobago continue to be at the front burner of the national Agenda Finance Minister Mr. Colm Imbert Today has reveal Six (6) initiatives to improve the way of life for the 65,000 plus citizens of Tobago.These matters discussed by the Honourable Minister of Finance Mr. Imbert is as follows:ACCESS TO ADDITIONAL FINANCE:The Tobago House of Assembly will be allowed to borrow money to finance projects on the island.Describing this as an historic move, Finance Minister Colm Imbert said for the first time since the formation of the Assembly in 1980, the Minister of Finance has authorised the use of bond financing in the amount of $300 million to fund critical development projects in Tobago based on the creditworthiness of the Tobago…

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