Wednesday, July 1, 2015

Tobago Urged to prepare for Financial Limbo due to General Elections

According to the Chief Secretary, Orville London, a September 7 general election means Tobago will be in a state of “Financial Limbo” for an extended period this coming fiscal year.

London made the statement last Thursday as he led off the debate of the Tobago House of Assembly’s (THA) fiscal 2016 budget request, which was presented by Secretary of Finance and Enterprise Development Joel Jack on June 22 at the Assembly Legislature.

According to the Chief Secretary, the election date means the national budget will be presented in “late September for the earliest”, and as such “We will be in a state of financial limbo for even a longer period than in previous years, and, of course, this will present significant challenges for our planning as we move forward".

The Chief Secretary said it is important for Tobagonians to understand the constraints under which the THA has to operate.

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