T&T economy set to grow strongly next year by 5-7%

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link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/22/21, 6:48:58 PM 
"In fact, we are now borrowing to pay interest on existing debt, robbing the productive sector of much-needed capital."

"Additionally, it is the first time since 1986 that the economy has suffered three consecutive years of negative growth and all financial projections point to a fourth. "Total exports have declined by over $6bn for the period January to June 2019 cf the same period in 2018. There has been zero FDI in the non-energy sector and forex reserves have dwindled to US$7bn from US$11.4bn. The situation is dire. At the current usage rate four or possibly five years are left," he warned.

--T&T’s debt to China has jumped from $2.2 billion last year to $6.2 billion after Government partnered with China again on two new projects.


That new figure includes the existing debt inherited from the former administrations and now includes the $3 billion for newly-proposed La Brea Dry Dock facility and the $1 billion plan for Phoenix Park.

Prior to the 2019 Budget presentation, Finance Minister Colm Imbert said T&T owes the People’s Republic of China $2.229 billion.


T&T Newsday

link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 6:57:31 PM 
In reply to sgtdjones
Debt is flying up yuh arse?
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razz

link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 6:59:10 PM 
In reply to sgtdjones
Let's talk about Canada's debt
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big grin

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/22/21, 7:01:14 PM 
In reply to Barry

You know why I tend to ignore you , you cannot face facts , you are to stupid. Look at what you posted, it makes no sense.
Trini's instead of looking at their own problems always want to compare it with others.

Being a pragmatist, I see why in Trinidad optimism is very difficult. Living in fear of one's life every day. A health system that scares you rather than comforts you. Government offices where the work ethic is one of the worst in the world. Extreme taxation. Political theft. An economy that should have been diversified 40 years ago. Politicians that are purposefully divisive for votes. And of course I can probably list two pages more. These realities leave sparse room for optimism.

rolleyes

link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 7:01:54 PM 
In reply to sgtdjones

OTTAWA, Oct 18 (Reuters) - Prime Minister Justin Trudeau's new government is set to impose higher taxes on Canadians, which will help fund some campaign promises but are not broad enough to also start paying down the country's record levels of debt, leaving Canada vulnerable to the next economic crisis, analysts say.

This could be a risky strategy for the country, which piled on new debt at a faster pace than any of its Group of Seven peers during the pandemic. The high level of indebtedness could limit Canada's ability to manage long-term challenges that require massive government funding, like transitioning from a fossil fuel-reliant economy to a green one.


Canada's gross debt-to-GDP ratio jumped 36% last year to 118% amid massive government transfers of aid to individuals and businesses, by far the largest increase of the G7 group of wealthy nations.


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link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 7:03:18 PM 
In reply to sgtdjones

You know why I tend to ignore you , you cannot face facts , you are to stupid. Look at what you posted, it makes no sense.
Trini's instead of looking at their own problems always want to compare it with others.

Keep ignoring me jackarse . . . meanwhile compare Canada's debt
big grin

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/22/21, 7:05:18 PM 
In reply to Barry

Idiot, all countries debt jumped , but Canada can pay its debt .

Canada debt before pandemic was approx. 650 billion, GDP 1.643 trillion USD (2020)

WE have many minerals , oil, gas , gold , diamonds, uranium, silver etc

T&T will soon not be able to pay its debt ....China will come calling.. learn Mandarin

rolleyes

link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 7:06:47 PM 
In reply to sgtdjones

Politicians that are purposefully divisive for votes. And of course I can probably list two pages more. These realities leave sparse room for optimism.


The evidence is right there, piled up all around him, yet Trudeau can’t figure out how he’s failed to bring Canadians together. Here’s a suggestion: talk to some voters who haven’t been gathered by loyal organizers to nod their heads at your every pronouncement. Spend some time in some constituencies you’re about to lose, and listen to the reasons why. Get over yourself. Look in a mirror. It couldn’t hurt.


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Preach brother fatso big grin

link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 7:07:33 PM 
In reply to sgtdjones
learn Mandarin

I speak Mandarin and Cantonese

cool

link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 7:11:41 PM 
In reply to sgtdjones
WE have many minerals , oil, gas , gold , diamonds, uranium, silver etc

We have gas from your bloated belly

lol lol lol lol lol lol

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/22/21, 7:11:44 PM 
In reply to Barry

You are a Trini , you can do everything ....and number one in everything . All BS.

Bye, I have had enough of ya BS....

I have a strong proclivity toward idiots....

link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 7:13:06 PM 
In reply to sgtdjones

you are to stupid. Look at what you posted, it makes no sense.
Trini's instead of looking at their own problems always want to compare it with others.



Like you I am Canadian let's look at our problems

link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 7:13:54 PM 
In reply to sgtdjones

You are a Trini , you can do everything ....and number one in everything

They number one up yours

razz

link Barry Joined: Jun 19, 2019
Posts: 10462
11/22/21, 7:15:53 PM 
In reply to sgtdjones

I have a strong proclivity toward idiots....


Proclivity means a tendency to choose or do something regularly; an inclination or predisposition towards a particular thing
I see how they got together to make the fat one

razz

link Jabari18 Joined: Feb 27, 2011
Posts: 22106
11/22/21, 8:04:51 PM 
In reply to sgtdjones

I never ran. I choose to not engage in you if all you gonna do is post other people’s thoughts

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/23/21, 11:36:36 AM 
In reply to Jabari18

They are facts, and you cant refute them.

Its the reason you cant engage in a debate. So cut out the crap.

I asked you a question, didn't you see it.?

rolleyes

link sgtdjones Joined: Feb 15, 2017
Posts: 26957
11/23/21, 11:38:15 AM 
In reply to Barry

Ediot

I prefer to work with people that have a proclivity to be efficient ,factual, not BS that you post.

link doosra Joined: May 25, 2004
Posts: 85256
11/23/21, 11:40:35 AM 
avatar image
In reply to bravos

need to fix the murder rate

link bravos Joined: Oct 13, 2009
Posts: 40260
11/23/21, 11:58:53 AM 
In reply to doosra

Yeah it spiked a few months ago,I felt each one, it was trending well before that...and the stupid govt fired Gary.

Hearing he's forming a party for next election..I will definitely support him if all goes well,he's a proper manager.

link Barry Joined: Jun 19, 2019
Posts: 10462
11/23/21, 12:49:42 PM 
In reply to sgtdjones
I prefer to work with people that have a proclivity to be efficient ,factual, not BS that you post.

You learnt a new word

razz

link Jabari18 Joined: Feb 27, 2011
Posts: 22106
11/23/21, 1:36:47 PM 
In reply to bravos

Yea all kinda bobol take place with that firing of GG. We were trending in the right direction with him

link bravos Joined: Oct 13, 2009
Posts: 40260
11/23/21, 4:51:40 PM 
In reply to Jabari18

Definitely ..

link Barry Joined: Jun 19, 2019
Posts: 10462
11/23/21, 7:18:36 PM 
In reply to bravos
Jacobs say he is the worst thing ever

razz

link sudden Joined: Nov 26, 2006
Posts: 46394
11/23/21, 7:57:00 PM 
In reply to bravos

Wait Gary ever received the letter/ email from De Fraud or his lawyer?

link Barry Joined: Jun 19, 2019
Posts: 10462
11/23/21, 8:23:21 PM 
In reply to sudden
Guess its no longer valid

razz

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