mamaguy (sweetheart) budget 2024-25 September 30th

Dizzy28 · Postby **Dizzy28** » October 1st, 2024, 4:11 pm

death365 wrote:What was said about Gate? Something bout expansion? I haven't heard anything about that

Madam Speaker, the GATE Programme is expected to undergo several enhancements during the fourth quarter of 2024. These will include assessing approved students' ability to contribute to tuition costs, streamlining the processing of claims for improved efficiency and supporting the Scholarship Division with means testing for bursary applications, along with verifying programme eligibility for bursary
awards

hover11 · Postby **hover11** » October 1st, 2024, 4:14 pm

death365 wrote:What was said about Gate? Something bout expansion? I haven't heard anything about that

He said the GATE programme will be "enhanced" more information to be released in December

hover11 · Postby **hover11** » October 1st, 2024, 4:20 pm

wing wrote:
zoom rader wrote:Budget 2025 highlights:

1. Minimum wage in public sector moves from $20.50 to $22.50.
2. Public sector workers to get an increase of five percent for outstanding bargaining period.
3. Government to tender for a 5-star hotel to be built in Bucco, Tobago (where Sandals was proposed ). Magdalena to be sold or leased.
4. Government to lease or sell the Pointe-a-Pierre refinery.
5. Government to sell its 49 per cent stake in CLICO. Colm said CLICO still owes the State $13 billion.
6. 2000 new cars for the Police Service.
7. E- passports and digital departure/arrival cards to be implemented. Immigration to introduce fingerprint system.
8. 12 vessels to be purchased for the Coast Guard by 2027.
9. Electronic health records by 2025
10. Government to settle UWI arrears by 2025
11. E textbooks by 2025
12. Tax and NIS amnesty before T&T Revenue Authority becomes fully operational.
13. All taxes on equipment for electric vehicles will to be removed by January 2025.
14. No increase in electricity or water rates at this time. Government still reviewing the proposed rates.
15. All sport equipment (except clothing) exempt from tax.
16. Small and medium businesses owed VAT refunds will be paid cash by December 2024. Larger refunds will be subject to VAT bonds.
17. Another bid round (deep water) before end of 2024.
18. In 2025, Government will pave 100 road roads at an estimated cost on $210 million.
19. CAL given approval to acquire more aircraft.
20. Enhanced revenues from Atlantic LNG restructuring for the State from October 1.

Side note: Agriculture has been and remain Tax Free.
That's how the PNM wins by playing superior politics to win elections and stay in power. Politics and governance are two different things altogether. Kamla and her minions here don't understand and can only rant and froth and insult, while extending their losing streak.

Only a certified PNM lap dog would praise the PNM for mediocrity you never fail to prove me right wing. Meanwhile PNM is on shaky ground if they believe this copy and paste budget is gonna bring in votes. Try harder

redmanjp · Postby **redmanjp** » October 1st, 2024, 4:34 pm

zoom rader wrote:Budget 2025 highlights:

1. Minimum wage in public sector moves from $20.50 to $22.50.
2. Public sector workers to get an increase of five percent for outstanding bargaining period.
3. Government to tender for a 5-star hotel to be built in Bucco, Tobago (where Sandals was proposed ). Magdalena to be sold or leased.
4. Government to lease or sell the Pointe-a-Pierre refinery.
5. Government to sell its 49 per cent stake in CLICO. Colm said CLICO still owes the State $13 billion.
6. 2000 new cars for the Police Service.
7. E- passports and digital departure/arrival cards to be implemented. Immigration to introduce fingerprint system.
8. 12 vessels to be purchased for the Coast Guard by 2027.
9. Electronic health records by 2025
10. Government to settle UWI arrears by 2025
11. E textbooks by 2025
12. Tax and NIS amnesty before T&T Revenue Authority becomes fully operational.
13. All taxes on equipment for electric vehicles will to be removed by January 2025.
14. No increase in electricity or water rates at this time. Government still reviewing the proposed rates.
15. All sport equipment (except clothing) exempt from tax.
16. Small and medium businesses owed VAT refunds will be paid cash by December 2024. Larger refunds will be subject to VAT bonds.
17. Another bid round (deep water) before end of 2024.
18. In 2025, Government will pave 100 road roads at an estimated cost on $210 million.
19. CAL given approval to acquire more aircraft.
20. Enhanced revenues from Atlantic LNG restructuring for the State from October 1.

Side note: Agriculture has been and remain Tax Free.

so no tax on HV battery?

wing · Postby **wing** » October 1st, 2024, 5:03 pm

hover11 wrote:
wing wrote:
zoom rader wrote:Budget 2025 highlights:

1. Minimum wage in public sector moves from $20.50 to $22.50.
2. Public sector workers to get an increase of five percent for outstanding bargaining period.
3. Government to tender for a 5-star hotel to be built in Bucco, Tobago (where Sandals was proposed ). Magdalena to be sold or leased.
4. Government to lease or sell the Pointe-a-Pierre refinery.
5. Government to sell its 49 per cent stake in CLICO. Colm said CLICO still owes the State $13 billion.
6. 2000 new cars for the Police Service.
7. E- passports and digital departure/arrival cards to be implemented. Immigration to introduce fingerprint system.
8. 12 vessels to be purchased for the Coast Guard by 2027.
9. Electronic health records by 2025
10. Government to settle UWI arrears by 2025
11. E textbooks by 2025
12. Tax and NIS amnesty before T&T Revenue Authority becomes fully operational.
13. All taxes on equipment for electric vehicles will to be removed by January 2025.
14. No increase in electricity or water rates at this time. Government still reviewing the proposed rates.
15. All sport equipment (except clothing) exempt from tax.
16. Small and medium businesses owed VAT refunds will be paid cash by December 2024. Larger refunds will be subject to VAT bonds.
17. Another bid round (deep water) before end of 2024.
18. In 2025, Government will pave 100 road roads at an estimated cost on $210 million.
19. CAL given approval to acquire more aircraft.
20. Enhanced revenues from Atlantic LNG restructuring for the State from October 1.

Side note: Agriculture has been and remain Tax Free.
That's how the PNM wins by playing superior politics to win elections and stay in power. Politics and governance are two different things altogether. Kamla and her minions here don't understand and can only rant and froth and insult, while extending their losing streak.
Only a certified PNM lap dog would praise the PNM for mediocrity you never fail to prove me right wing. Meanwhile PNM is on shaky ground if they believe this copy and paste budget is gonna bring in votes. Try harder

Study how much you lick ZR bamsee and he still call you a PNM and unproductive public servant.

sMASH · Postby **sMASH** » October 1st, 2024, 5:14 pm

Only pnm could peddle that a $50 us cc limit is 'managed it well'

AlphaMan · Postby **AlphaMan** » October 1st, 2024, 6:03 pm

More $$ for Prime Minister's office, Parliament, President.

THE Office of the Prime Minister (OPM), Parliament and the Office of the President (OTP) all received increased allocations for fiscal 2025 in the 2024/2025 budget.

According to the Draft Estimates for Recurrent Expenditure for Financial Year 2025, the OPM's allocation increased from $568,489,400 in fiscal 2024 to $ 778,796,200 210 in fiscal 2025.

This represented an increase of $210,306, 800.

The largest allocations for expenditure for the OPM were in the areas of repairs and maintenance of buildings and the operations of cabinet-appointed bodies.

The former increased from $361,500 to $50,000,000.

The latter increased from $32,000,000 to $35,000,000.

With respect to the projected increased expenditure for cabinet-appointed bodies, the majority of the $35,000,000 figure ($28,000,000) was allocated for the National Security Council (NSC), which is chaired by the Prime Minister.

Other members of the NSC include the Attorney General, National Security Minister and the heads of all the protective services.

The allocation for security services at the OPM was decreased slightly from $1,000,000 to $1,100,000.

There was also a decrease in the allocation for official overseas travel from $2,900,000 to $1,000,000.

The allocation for the hosting of conferences was increased from $650,000 to $20,000,000.

The Parliament's allocation was increased from $137,873,038 to $140,107,640.

The draft estimates showed the Opposition Leader's office and the offices of all 41 members of the House of Representatives were the main beneficiaries of this increase.

The former saw its allocation increase from $3,400,000 to $3,500,000. The latter's allocation increased from $36,500,000 to 37,000,000.

The current parliamentary session, which began on September 9, is expected to be the last one before the next general election, which is constitutionally due by next August. Under the law, next November is the latest period for the election to be held.

Compared to the OPM and Parliament, the OTP's allocation increased slightly from $19,535,400 to $20,408,900.

This increase was to cater to projected expenditure with respect to official overseas travel, hosting of conferences, and repairs and maintenance of buildings.

Those allocations increased from $300,000, $2,120,000 and $950,000 to $400,000, $2,500,000 and $1,400,000, respectively.
https://newsday.co.tt/2024/10/01/more-for-prime-ministers-office-parliament-president/

AlphaMan · Postby **AlphaMan** » October 1st, 2024, 6:10 pm

Top ten takeaways from the 2025 budget
FINANCE MINISTER Colm Imbert presented Trinidad and Tobago's fiscal budget 2024/2025 in the Parliament on September 30.

Here are ten things you need to know about Imbert's budget:

1. With revenue projected at $54.224 billion and expenditures at $59.741 billion, the budget will be a deficit of $5.517 billion. Oil was assumed to be at US$77.80 per barrel and natural gas was US$3.59 per MMBtu.

2. Health gets the largest piece of the pie with $7.571 billion followed by education and national security with $7.512 billion and $6.113 billion respectively.

3. The minimum wage for public sector employees will be increased to $22.50, an increase of 9.8 per cent from the national minimum wage of $20.50.

4. The chief personnel officer has been instructed to begin wage negotiations with trade unions who accepted the previous four per cent offer, for the period for the period January 2014 to December 2019. This would exclude the Public Service Association and National Union of Government and Federated Workers who currently have the government before the court. Government has decided to offer public sector workers an increase of five per cent for this next three-year period, 2020-2022.

5. Small and medium enterprises who are owed refunds will be paid in cash by December 31. Larger companies would be issued interest-bearing VAT bonds in fiscal 2025 in the sum of $3 billion with a target date for issuance of January 31.

6. Three proposals have been short-listed to restart the Point-a-Pierre refinery. These are CRO Consortium, US-based INCA Energy LLC and Nigeria-based Oando PLC.

7. Government will move to sell its 49 per cent shareholdings in Colonial Life Insurance Company.

8. All electric vehicle charging equipment and related accessories would be exempt from all duties and taxes.

9. Tax and NIS amnesty will be in effect between October 1 and December 31, 2024.

10. There will not be any increase in electricity rates, water rates or the cost of fuel.