Monday, September 25, 2017

New direction needed for budget*


There is no solace in saying I told you so, especially when Trinidad and Tobago continues along a path toward further economic decline. This writer and others have suggested the current structure of property tax could not facilitate early collection.
It was suggested that if the Government needed to access quick funding from property tax, the old structure should have been continued with a percentage increase.
That suggestion seems to have been ignored. One wonders what is required to influence politicians to take action that is in the best interest of Trinidad and Tobago?
There is no doubt that among our people on both sides of the political divide there are citizens with international experience and a history of success that can make tremendous contributions towards the restructuring of the country.
These people, however, are very often overlooked and less qualified but politically connected persons seem to be the persons given the opportunity to hold positions that are critical to our economic survival.
As budget time approaches, we are once again faced with declining sources of income and escalating expenses with little to show in way of a path out of economic failure. 

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