The Independent Voice of West Indies Cricket

PM Rowley, my 10 million travel bill brought 17 billion to T&T.

sgtdjones 4/22/24, 1:59:52 AM
sgtdjones avatar image

debut: 2/16/17
35,135 runs

Rowley, my 10million travel bill brought 17 billion to T&T?

Can Prime Minister Keith Rowley provide proof that his foreign travels resulted in $17 billion for Trinidad and Tobago?
Estimates of revenue and expenditure can show us where this 17 billion came from.
Why the T&T Government went to the Parliament to increase the borrowing levels by $10 billion, if Rowley travels resulted in 17 Billion surplus?

Budgeted: last year the Government pegged natural gas prices at US$5 per million British thermal units (MMBTU).October 2023, the price was $2.98.
In 2024:January, US$3.18; in February, US$1.72; in March, US$1.49; and currently, in April, it is averaging between US$1.60 and US$1.80.
October budget :October budget and now is US$2.40, less than half of the budgeted figure of US$5,”.
Now with the decline in production, the Government will in no way meet their target for revenue.

T&T this Government is broke; they are refinancing and borrowing at high rates,” you and your kids will pay a premium for this ..
Where is this $17 billion Rowley spoke about in any budget statements, and instead what is seen is negative foreign direct investments.
Since 2015, the GDP levels decreased by 20% and there has been a reduction in foreign reserves from US$11.5 billion to US$5.5 billion.

Where is this imaginary 17 billion Rowley? Another one of your lies?
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sgtdjones 4/22/24, 2:03:23 AM
sgtdjones avatar image

debut: 2/16/17
35,135 runs

Chrissy
4/18/24, 2:19:18 PM
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debut: 11/13/02
192,518 runs

In reply to Jumpstart

Like I say, some peeps only post about some peeps in places with Afro Caribbean leadership


Since you are one of the pseudo intellects explain the above 17 billion? Bring the Imam with you he claims to be an economist...
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sgtdjones 4/22/24, 4:16:51 PM
sgtdjones avatar image

debut: 2/16/17
35,135 runs

T&T’s overall fiscal position has weakened due to six years of deficit financing totaling $37 billion above revenues, resulting in Trinidad and Tobago’s debt reaching $137 billion.
The downside of higher repayment costs for the Government’s foreign debt, along with the impact on the cost of living, particularly due to the country’s high propensity to consume imports.

“Lower hydrocarbon exports, capital flight, and reduced FDI have helped shrink our forex reserves to $5.6 billion, artificially propped up by external borrowing and HSF withdrawals.
The Rowley administration is eager to refrain from further undermining economic activity, a stance that gains even more significance as the country approaches an election year.
Do not expect Finance Minister Colm Imbert to reduce spending when he presents the mid-year budget in Parliament because the Government has an election to fight in fewer than 18 months.
“Instead of cutting spending, to compensate for some revenue shortfalls, they will likely assume additional debt, tapping into both domestic and international markets to fulfil its fiscal commitments”


No response huh? Typical.cool
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