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T&T Budget 2020 is on October 5th

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pugboy
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Re: T&T Budget 2020 is on October 5th

Postby pugboy » September 23rd, 2020, 6:38 pm

at the high levels they can more than take a pay cut
esp members of the judiciary in their ivory towers with $60k pensions

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death365
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Re: T&T Budget 2020 is on October 5th

Postby death365 » September 23rd, 2020, 7:01 pm

At this point the pnm can pull ah petrotrin and cut salaries, increase taxes and almost anything else knowing that they will most likely win elections again.

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Re: T&T Budget 2020 is on October 5th

Postby 88sins » September 23rd, 2020, 7:13 pm

Cutting wages is a last resort measure, so I doubt they will take that step so early on. A wage freeze is not an option either, because as mentioned prior they done 7-8 years behind with negotiated salaries already. Hard to freeze what you owing people for years now and couldn't pay before things went sideways.
First thing they will probably do is suspend all public servants allowances, such as travel, housing, meals, entertainment, clothing, vehicle, shift, etc. After that the next to go will most likely be social services grants such as HDC's home improvement grant and subsidies, public assistance, food card, etc.

They better know what they doing, cuz cutting or suspending certain social services and programs go lead to real problems for some people.

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Re: T&T Budget 2020 is on October 5th

Postby paid_influencer » September 23rd, 2020, 8:37 pm

maj. tom wrote:
US State Dept hits corrupt TT
...
Urging more help for administration and dispute resolution, the report lamented a difficulty of doing business. Out of 190 countries, TT ranked at 158 for registering property, 174 for enforcing contracts and 166 for payment of taxes, in a 2020 World Bank report.
...
https://newsday.co.tt/2020/09/21/state- ... T0D55SQ5ZQ


this is a good report. really on point.

The above issues with the difficulty of doing business is something the government can fix, now, today, in this budget, that will have a huge impact on the ability of ordinary people to participate in the economy.

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » September 23rd, 2020, 9:01 pm

paid_influencer wrote:
maj. tom wrote:
US State Dept hits corrupt TT
...
Urging more help for administration and dispute resolution, the report lamented a difficulty of doing business. Out of 190 countries, TT ranked at 158 for registering property, 174 for enforcing contracts and 166 for payment of taxes, in a 2020 World Bank report.
...
https://newsday.co.tt/2020/09/21/state- ... T0D55SQ5ZQ


this is a good report. really on point.

The above issues with the difficulty of doing business is something the government can fix, now, today, in this budget, that will have a huge impact on the ability of ordinary people to participate in the economy.


Never going to happen. The PNM is NOT about making doing business easier but harder.

You need to pay attention to Zoom Raider some more.

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Re: T&T Budget 2020 is on October 5th

Postby 88sins » September 23rd, 2020, 9:12 pm

paid_influencer wrote:
maj. tom wrote:
US State Dept hits corrupt TT
...
Urging more help for administration and dispute resolution, the report lamented a difficulty of doing business. Out of 190 countries, TT ranked at 158 for registering property, 174 for enforcing contracts and 166 for payment of taxes, in a 2020 World Bank report.
...
https://newsday.co.tt/2020/09/21/state- ... T0D55SQ5ZQ


this is a good report. really on point.

The above issues with the difficulty of doing business is something the government can fix, now, today, in this budget, that will have a huge impact on the ability of ordinary people to participate in the economy.

Ordinary people already participate in the economy, in multiple sectors. From construction, retail sales, services, etc. Taxes are collected in all those sectors, from payments made by the average man.
Why you feel we have a problem enforcing contracts? Half the time is cuz party financiers haffi get paid, easiest way is to give a contract, pay on it and have it not be fulfilled or have cost overruns. The other half is a way to fix friends and family up with easy money.
As to registering property, the government caused that and brought it upon themselves by pressuring property owners. The amount of money people have to spend in stamp duty alone if they have to transfer a property is a disincentive to transfer. Is like they feel people just walking around and picking up free money from the ground. Abolish stamp duty, and make the fees to transfer property less ridiculous and people will gladly pay and transfer property in a timely manner.

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Re: T&T Budget 2020 is on October 5th

Postby De Dragon » September 23rd, 2020, 11:28 pm

88sins wrote:Cutting wages is a last resort measure, so I doubt they will take that step so early on. A wage freeze is not an option either, because as mentioned prior they done 7-8 years behind with negotiated salaries already. Hard to freeze what you owing people for years now and couldn't pay before things went sideways.
First thing they will probably do is suspend all public servants allowances, such as travel, housing, meals, entertainment, clothing, vehicle, shift, etc. After that the next to go will most likely be social services grants such as HDC's home improvement grant and subsidies, public assistance, food card, etc.

They better know what they doing, cuz cutting or suspending certain social services and programs go lead to real problems for some people.

The absence of rioting is the PNM yardstick for hardship tolerance. Elections have consequences. Left foot, right foot, dotish.

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Re: T&T Budget 2020 is on October 5th

Postby death365 » September 24th, 2020, 6:50 am

The electorate has become so "dumb" on both sides of the fence that no one is free thinking again its either my party an suffer or my party an suffer!!!!

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » September 24th, 2020, 6:57 am

De Dragon wrote:
88sins wrote:Cutting wages is a last resort measure, so I doubt they will take that step so early on. A wage freeze is not an option either, because as mentioned prior they done 7-8 years behind with negotiated salaries already. Hard to freeze what you owing people for years now and couldn't pay before things went sideways.
First thing they will probably do is suspend all public servants allowances, such as travel, housing, meals, entertainment, clothing, vehicle, shift, etc. After that the next to go will most likely be social services grants such as HDC's home improvement grant and subsidies, public assistance, food card, etc.

They better know what they doing, cuz cutting or suspending certain social services and programs go lead to real problems for some people.

The absence of rioting is the PNM yardstick for hardship tolerance. Elections have consequences. Left foot, right foot, dotish.


Before they go there, they will have to suspend their own allowances first and that ent happening!

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Re: T&T Budget 2020 is on October 5th

Postby death365 » September 28th, 2020, 7:50 pm

Who else think the DSS man should be minister of Finance....

He making huge money when 23 to ninety something million for this year alone.... Only new 100 bills so that's fron January


Nb. Total scarasm

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Re: T&T Budget 2020 is on October 5th

Postby Dohplaydat » September 28th, 2020, 8:13 pm

death365 wrote:Who else think the DSS man should be minister of Finance....

He making huge money when 23 to ninety something million for this year alone.... Only new 100 bills so that's fron January


Well I'll tell you something, they have rel smart men out there and during times of recession financial scams are always rampant because people who have lost income want an easy way out.

While you can blame people, and I've seen so many persons posting "a fool and his money are soon parted" when referring to the sou sou victims, but remember the real problem here is the rampant unemployment and desparation too.

A ponzi scheme isn't a hard sell if you have no integrity, happens in many many countries as well.

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Re: T&T Budget 2020 is on October 5th

Postby pugboy » September 28th, 2020, 8:25 pm

the olints scheme in jamaica ran for a very long time with the poor economy there

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Re: T&T Budget 2020 is on October 5th

Postby matr1x » September 29th, 2020, 1:54 am

Rumors of hsf money used to buy votes swirling.......hmmm

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Re: T&T Budget 2020 is on October 5th

Postby bluefete » September 29th, 2020, 6:56 am

matr1x wrote:Rumors of hsf money used to buy votes swirling.......hmmm


You sound surprised.

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shake d livin wake d dead
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Re: T&T Budget 2020 is on October 5th

Postby shake d livin wake d dead » September 29th, 2020, 7:02 am

So no devaluation of $, not touching public service and social grants....what are those hard decisions he speaking of????

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Re: T&T Budget 2020 is on October 5th

Postby pugboy » September 29th, 2020, 7:31 am

so more dipping into hsf

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Re: T&T Budget 2020 is on October 5th

Postby death365 » September 29th, 2020, 8:03 am

yeah but contract officers are not public servants abd that type of employment has been slowly decreasing 4 years now
shake d livin wake d dead wrote:So no devaluation of $, not touching public service and social grants....what are those hard decisions he speaking of????

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Re: T&T Budget 2020 is on October 5th

Postby Dizzy28 » September 29th, 2020, 8:09 am

shake d livin wake d dead wrote:So no devaluation of $, not touching public service and social grants....what are those hard decisions he speaking of????


Transfers and Subsidies?? - GATE, Electricity, Water, Fuel.

Also the massive state enterprise system is not counted as public service so they can see cuts

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Re: T&T Budget 2020 is on October 5th

Postby timothymcdavid » September 29th, 2020, 8:58 am

No one should be buying this transfers and subsidies Bull$h!7 ... taxpayers by enlarge are paying for continued willful mismanagement of state enterprises.

WASA for example ... How much water do they lose through leaks and how over staffed (aka jobs for votes)?

One could only hope the govt will make a serious attempt at addressing these issues first before looking to bend the taxpayer over.

But then again it is politicians we dealing with so it is whatever is most expedient and maintains the status quo.

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Re: T&T Budget 2020 is on October 5th

Postby Ben_spanna » September 29th, 2020, 9:03 am

I hope they raise GAs prices AGAIN... ill be laughing my a55 off with my electric car......... as for the TT dollar, it aint worth sh1t outside of this country and should be devalued!

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Re: T&T Budget 2020 is on October 5th

Postby Dohplaydat » September 29th, 2020, 9:07 am

shake d livin wake d dead wrote:So no devaluation of $, not touching public service and social grants....what are those hard decisions he speaking of????


Property tax, PAYE increase, vat increase..

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Re: T&T Budget 2020 is on October 5th

Postby Ben_spanna » September 29th, 2020, 9:08 am

Like i said, govt ministers are at an age , and that of their close wealthy friends who own multi properties, it will be interesting to see how they structure this property tax with exceptions to the rule and im sure some how ................ read between =

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Re: T&T Budget 2020 is on October 5th

Postby death365 » September 29th, 2020, 9:16 am

even if vat = 20 and paye = 30 and property tax = collected thats still very much under what's needed.

Dohplaydat wrote:
shake d livin wake d dead wrote:So no devaluation of $, not touching public service and social grants....what are those hard decisions he speaking of????


Property tax, PAYE increase, vat increase..

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Re: T&T Budget 2020 is on October 5th

Postby Ben_spanna » September 29th, 2020, 9:18 am

alcohol and cigarettes going to take a hit!
All road penalties are going to be increased by 200% ( which is good)
Heard electronics import duties going to be more ..... as well as car parts!

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Re: T&T Budget 2020 is on October 5th

Postby Dohplaydat » September 29th, 2020, 9:18 am

death365 wrote:even if vat = 20 and paye = 30 and property tax = collected thats still very much under what's needed.

Dohplaydat wrote:
shake d livin wake d dead wrote:So no devaluation of $, not touching public service and social grants....what are those hard decisions he speaking of????


Property tax, PAYE increase, vat increase..


They just have to cut back on capex projects but I've also fears rumours of 10% pay cuts for government employees.

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Re: T&T Budget 2020 is on October 5th

Postby Ben_spanna » September 29th, 2020, 9:23 am

Dohplaydat wrote:
death365 wrote:even if vat = 20 and paye = 30 and property tax = collected thats still very much under what's needed.

Dohplaydat wrote:
shake d livin wake d dead wrote:So no devaluation of $, not touching public service and social grants....what are those hard decisions he speaking of????


Property tax, PAYE increase, vat increase..


They just have to cut back on capex projects but I've also fears rumours of 10% pay cuts for government employees.


Hope this will include Govt Officials as well.. :roll: :roll:

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Re: T&T Budget 2020 is on October 5th

Postby death365 » September 29th, 2020, 9:29 am

the Public Service (PS) go take that and ask for more; cause 90% is pro pnm and go grumble-cuss-complain and make sure an vote back pnm for Local/Tha/General. I have come to the conclusion that, all things being equal, the pnm can do anything and still reach back in power in 2025and get more Local seats and win back Tha too.

until and unless the opposition parties get their houses in order. Im watching u ... Unc :mrgreen:


Dohplaydat wrote:but I've also fears rumours of 10% pay cuts for government employees.

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Re: T&T Budget 2020 is on October 5th

Postby aaron17 » September 29th, 2020, 9:33 am

Ben_spanna wrote:I hope they raise GAs prices AGAIN... ill be laughing my a55 off with my electric car......... as for the TT dollar, it aint worth sh1t outside of this country and should be devalued!
U know everything else gonna raise due to the gas prices right?

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Re: T&T Budget 2020 is on October 5th

Postby shake d livin wake d dead » September 29th, 2020, 10:10 am

If they speaking of pay cuts, it should start with govt and opposition. Pay cuts or raised PAYE (which worse). Gradual removal of subsidies for water and electricity and probably the full removal of the subsidy for super. If things real bad, diesel could get touch as well. Property tax will also be thrown into the fire.

The usual alcho/cigarette could also be a factor. Increasing the fines for only about 4 road violations makes sense to me cuz everything else is pure sheit.

Those 4:
Dui
Speeding
Breaking lights
Wreckless driving

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Re: T&T Budget 2020 is on October 5th

Postby Toyo1777 » September 29th, 2020, 11:05 am

Cant cut ps salary if they owing them for 7 years

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