2015/2016 Budget - Trinidad & Tobago

[1UZFE]

^hahahhahahaha.

[PapaC]

Budget debate is on!!

[Bezman]

Was one million in fete tickets, 40 million transferred to accounts unknown. Corporate communication budget multiplied by 10.

So sorry. Wasn't 30 mil on tix alone

[Chimera]

You moving like uml though. Throwing out random figures with no evidence whatsoever

[pete]

Was one million in fete tickets, 40 million transferred to accounts unknown. Corporate communication budget multiplied by 10.

So sorry. Wasn't 30 mil on tix alone

You calmed down at all when Kamla said the deficit in June was 1Billion that 8Billion figure in September seems unrealistic or you still pissed?

[Bezman]

You moving like uml though. Throwing out random figures with no evidence whatsoever

it's all on the forum and a simple google search would net you the results.. but that would be tough huh

"This followed a report from the company’s auditors which detailed apparent mismanagement of the communications budget, which ballooned from $67 million in 2012 to $200 million in 2014. "

http://www.trinidadexpress.com/news/How ... 12751.html

Unlike them trolls, i have a business to run

[zoom rader]

Was one million in fete tickets, 40 million transferred to accounts unknown. Corporate communication budget multiplied by 10.

So sorry. Wasn't 30 mil on tix alone

OK, well post some facts showing where these PP ppl transferred 40 million in to unknown accounts.

[Daran]

but this carnival ticket buying thing was going on long time since under PNM....check all them state owned companies in the last 20 years, PP just followed the PNM legacy

[wagonrunner]

but this carnival ticket buying thing was going on long time since under PNM....check all them state owned companies in the last 20 years, PP just followed the PNM legacy

what was the change that was voted for? that keeps the support?

[pugboy]

So jag singh get $600k for a lawyer letter only?
I shoulda be a lawyer yes

[De Dragon]

You moving like uml though. Throwing out random figures with no evidence whatsoever

it's all on the forum and a simple google search would net you the results.. but that would be tough huh

"This followed a report from the company’s auditors which detailed apparent mismanagement of the communications budget, which ballooned from $67 million in 2012 to $200 million in 2014. "

http://www.trinidadexpress.com/news/How ... 12751.html

Unlike them trolls, i have a business to run

Yes but you stated that 30 mil was spent on tickets and when called for evidence you getting attitude?

[Numb3r4]

but this carnival ticket buying thing was going on long time since under PNM....check all them state owned companies in the last 20 years, PP just followed the PNM legacy

True, true Petrotrin was doing it for a while as well...still no excuse for continuing it.

[pete]

Next year same thing going to happen. Probably won't hear about it though.

Sent from my LG-P880 using Tapatalk

[De Dragon]

Next year same thing going to happen. Probably won't hear about it though.

Sent from my LG-P880 using Tapatalk

Most companies will get/purchase tickets for fetes, but $1 million is excessive even given NGC's size.

[RASC]

1million dollars in tickets?
Pete you're alluding to that's normal?

[Daran]

1million dollars in tickets?
Pete you're alluding to that's normal?

Normal or acceptable? Normal given our culture, acceptable? far from it.

[The_Honourable]

Colm Imbert's full speech at the Post Budget Forum

[pete]

1million dollars in tickets?
Pete you're alluding to that's normal?

You have a problem with this government randomly giving the trade unions 15x that?

Sent from my LG-P880 using Tapatalk

[York]

Back to the budget, why does expenditure have to be so high when revenue from oil / gas / manufacturing is low due to world economic factors? Cut the expenditure!

Why do taxpayers have to pay for superfluous government expenditure in gloomy / uncertain economic times? Recovery is likely in post 2018, so let's tighten our belts now.

Does Rowley want to keep digging us in a hole? PP is being criticized for funding projects from current income. If we fund projects through IMF or IADB or whoever we will be paying interest through our teeth for years to come. Coupled with low income/revenue/tax regime, this is a recipe for disaster once again...courtesy our PNM government.

In the last Manning regime, they were lowering individual income tax but services were horrible. Oil and gas was high so they could have afforded to do so to stay in power but they made the fatal mistakes of hanging their hats too high, Call Dah Hart style...

We need to be more sensible and realistic, we are a third world country in tough economic times ...keep expenditure down. There are no fat cows for the lean ones to devour. The treasury is empty, back to basics, back to common sense.

[Bezman]

If they set a budget of, say for example 40 billion, and cut huge projects, didn't pay wages, laid off thousands. They would have been mass riots and the country would have prob grind to a halt by the public sector and unions.

This is a transitional budget, used to pay off debt. The next one will prob be small and subsidies reduced. That's prob the only way we we will approved for loans for the RR

[York]

I'm not saying $40M, rather more like $55-60M until oil and gas prices and production rates increase. The large corporations like Shell are projecting post 2018 recovery but we want it all now.

[sMASH]

There will not be any significant increase in oil or gas prices. Unless production world wide slows down, these are the average prices.


Rapid rail= extremely high cost, generations to pay it off, marginal increase in productivity, reduction in public transport economy and the support economy.
If we had a slow down in population growth it could work, but with mouths to feed u gonna have to establish bread line next to the rapid rail.

[desifemlove]

Population has been 1.3 million for years. most public projects in most countries take long to pay off. makes sense if it has long-term value.

[16 cycles]

Never had VAT on agricultural chemicals since NAR introduced VAT......./Guardian

[Daran]

Said before it, we could end up like the Phillipines, saddled with debt to international banks.

Investing in this rapid rail is like taking a mortgage for a bigger home, right after your salary decreased.

Is there an economic feasibility study for this train?

What's the expected cost per ticket? In most countries it typically reaches from $20 to $100 TT for train ride at similar distance to Sando-POS

[Redman]

Back to the budget, why does expenditure have to be so high when revenue from oil / gas / manufacturing is low due to world economic factors? Cut the expenditure!

Why do taxpayers have to pay for superfluous government expenditure in gloomy / uncertain economic times? Recovery is likely in post 2018, so let's tighten our belts now.

Does Rowley want to keep digging us in a hole? PP is being criticized for funding projects from current income. If we fund projects through IMF or IADB or whoever we will be paying interest through our teeth for years to come. Coupled with low income/revenue/tax regime, this is a recipe for disaster once again...courtesy our PNM government.

In the last Manning regime, they were lowering individual income tax but services were horrible. Oil and gas was high so they could have afforded to do so to stay in power but they made the fatal mistakes of hanging their hats too high, Call Dah Hart style...

We need to be more sensible and realistic, we are a third world country in tough economic times ...keep expenditure down. There are no fat cows for the lean ones to devour. The treasury is empty, back to basics, back to common sense.

If we are getting fixed rate financing for projects then we are probably getting the lowest interest rates we can.

So it makes sense to borrow .....as long as the project is in fact feasible.

[bluesclues]

Is there an economic feasibility study for this train?

What's the expected cost per ticket? In most countries it typically reaches from $20 to $100 TT for train ride at similar distance to Sando-POS

yes but in those same countries their workforce gets paid the equivalent of 10x trini minimum wage per hr in their currency.

[Daran]

Which could means we'll be subsidizing it quite a bit or the price will be too high to encourage usage. Just like CAL, we'll be adjusting a first world peice of equipment to suit local cost of living.

Which is why I'm asking, what is the expected cost of a ticket?

Seems like PNM's plan of increasing inflation doesn't only benefit their financiers but can get the populace more accepting of higher rail tickets.

[RASC]

Sigh:

You guys need to take a minute and think about this.

Do you really think one of the main objectives for ticket pricing etc is to REPAY for the cost of the rail?

Which rail network y'all know that runs at a PROFIT?

The profit and advantages of such a system is to be felt in OTHER WAYS, y'all use some grey matter and figure it out.

[Daran]

Rasc, we all know the benefit is in reduced transport time leading to increased productivity(supposedly).

But the ticket cost should at least pay for its operating cost and maintainance.