2012 Budget

[jaceson]

deposit insurance to be increased to 125k

[Stephon.]

What is deposit insurance? And how much was it before?

[MISHI]

75K If I remember correctly.


Basically in a nutshell if you had money in the bank over that limit and the bank floundered, that's what you'd get back.

[Daren 3NE 2NR]

What is deposit insurance? And how much was it before?

http://www.dictt.org/

[MISHI]

What's the score so far? I only now able to listen to it


Wait nah... allyu ent find that fella behind Dooks look like JUS4SHO...

[Daren 3NE 2NR]

Tobago to get $2.2BILLION.
$4BILLION for National Security Fight.
East Port of SPain to become a Heritage Site.
Special Allowance granted to Police a year ago now extended to Fire Services and Defence Force personnel.
Pension $3000
Three State-of-the-Art Sport Training Facilities coming!
E-PAY System to be introduced for Income Tax payments.
4,000 Homes to be constructed in 2012.
Government to Establish National Infrastructural Bank
Incentives for CNG
Tax Incentives for alternative energy sources - solar / wind
prisons service to get $1000 monthly allowance
deposit insurance to be increased to $125K from 75K

that is what i get so far

[MISHI]

Thanks man

[TriP]

so far :
Tobago to get $2.2BILLION..
Retirement pension gone to $3000 a month..

Stadium Construction to Continue in 2011-2012
Three State-of-the-Art Sport Training Facilities coming

Nothing new in Health..Education..Agriculture..

$4 billion to fight Crime in T&T in 2012...
Special Allowance granted to Police a year ago now extended to Fire Services and Defence Force personnel..

4,450 new houses promised for 129,000 on waiting list..
10,500 to get house foundation instead of houses..
4,000 Homes to be constructed in 2012..

East Port of Spain development proposed.(again)..
East Port of Spain to become a Heritage Site...

BUS rapid transport system..
Plastic bottles to be controlled..
Melamine plant coming..
Solar energy introduced..

TTMF to reduce mortgage rate to 5% in 2012:
Currently the rates are
Up to $200,000 6%
From $200,001 to $250,000 6.5%
From $250,001 to $300,000 7.0%
From $300,001 to $350,000 7.5%
From $350,001 Plus 8.0%

E-PAY System to be introduced for Income Tax payments..
National Infrastructure development bank to be established..

[Stephon.]

No new taxes. Arima and Laventille are pleased.

[MISHI]

I find Dooks voice wavering like how Commandant Lassard was when the stripper was under the podium...

[VexXx Dogg]

Thanks Daren.

[tiger balm]

Anybody caught what he said about motor vehicle taxes and cng for cars? Thanks in advance

[TriP]

$54 BILLION Budget presented in little over 3 hours. 7 Billion Dollar Deficit Forecast

[hydroep]

From what I understand they're trying to "encourage" self-employed persons to contribute to the National Insurance Scheme as well...

[Stephon.]

Gorllllllllllllllllll

[xtech]

what is a rapid bus transport?

PTSC going an mimic NYC MTA Bus service with local an express stops an put up time tables an thing?

[Daren 3NE 2NR]

Anybody caught what he said about motor vehicle taxes and cng for cars? Thanks in advance

didn't get anything on motor vehicle taxes.
they looking to introduce incentives for installing and using CNG.
should be equipping 7 (or 9) more stations with CNG pumps

[Daren 3NE 2NR]

http://www.finance.gov.tt/content/Budge ... t-2012.pdf

[tiger balm]

Anybody caught what he said about motor vehicle taxes and cng for cars? Thanks in advance

didn't get anything on motor vehicle taxes.
they looking to introduce incentives for installing and using CNG.
should be equipping 7 (or 9) more stations with CNG pumps

Oh I thought I heard something about a reduction in taxes for vehicles with less than 2.0l. I didn't manage to catch everything he was saying though. Maybe that was one of the incentives for using cng.

[TriP]

Education and Training will receive $8.7 billion

Works, Public Utilities and Transport will receive $6.9 billion

Health: $4.7 billion

Agriculture: $1.9 billion

[TeamH2O]

any money to be spent on a racing facility?

[Daren 3NE 2NR]

Anybody caught what he said about motor vehicle taxes and cng for cars? Thanks in advance

didn't get anything on motor vehicle taxes.
they looking to introduce incentives for installing and using CNG.
should be equipping 7 (or 9) more stations with CNG pumps

Oh I thought I heard something about a reduction in taxes for vehicles with less than 2.0l. I didn't manage to catch everything he was saying though. Maybe that was one of the incentives for using cng.

quoting this from the budget summary:

"A reduction in import duty by 50% on vehicles which are manufactured to use natural gas, and have an engine capacity smaller than 2300 cc. This reduction in duty will cover the period from January 1st2011 to December 31st 2015."

[Daren 3NE 2NR]

any money to be spent on a racing facility?

does not look so

"We will continue to maintain and improve the sporting infrastructure in our nation. In addition, three state-of-the-art mega sport facilities will be constructed in compliance with international standards – the national cycle track, the national aquatic centre and the national tennis centre."

[rfari]

so far :
Tobago to get $2.2BILLION..
Retirement pension gone to $3000 a month..

Stadium Construction to Continue in 2011-2012
Three State-of-the-Art Sport Training Facilities coming

Nothing new in Health..Education..Agriculture..

$4 billion to fight Crime in T&T in 2012...
Special Allowance granted to Police a year ago now extended to Fire Services and Defence Force personnel..

4,450 new houses promised for 129,000 on waiting list..
10,500 to get house foundation instead of houses..
4,000 Homes to be constructed in 2012..

East Port of Spain development proposed.(again)..
East Port of Spain to become a Heritage Site...

BUS rapid transport system..
Plastic bottles to be controlled..
Melamine plant coming..
Solar energy introduced..

TTMF to reduce mortgage rate to 5% in 2012:
Currently the rates are
Up to $200,000 6%
From $200,001 to $250,000 6.5%
From $250,001 to $300,000 7.0%
From $300,001 to $350,000 7.5%
From $350,001 Plus 8.0%

E-PAY System to be introduced for Income Tax payments..
National Infrastructure development bank to be established..

Mr. Speaker, we are also making home ownership more affordable to the middle income groups.
Government has decided through the Trinidad and Tobago Mortgage Finance Company Limited to
provide mortgages at reduced interest rates. Mortgage rates which are currently at 6 to 8 percent will be
reduced to 5 to 7 percent. This will benefit over 13,000 homeowners and will become effective during
2012. This mechanism will be reviewed annually.

[tiger balm]

Anybody caught what he said about motor vehicle taxes and cng for cars? Thanks in advance

didn't get anything on motor vehicle taxes.
they looking to introduce incentives for installing and using CNG.
should be equipping 7 (or 9) more stations with CNG pumps

Oh I thought I heard something about a reduction in taxes for vehicles with less than 2.0l. I didn't manage to catch everything he was saying though. Maybe that was one of the incentives for using cng.

quoting this from the budget summary:

"A reduction in import duty by 50% on vehicles which are manufactured to use natural gas, and have an engine capacity smaller than 2300 cc. This reduction in duty will cover the period from January 1st2011 to December 31st 2015."

Now saw it in the summary. Thanks

[neilsingh100]

Slackers be aware.

Mr. Speaker, the GATE programme will now be subject to more rigorous pay-for-performance rules with respect to students to ensure value for money spent and greater accountability will be required from the institutions that are registered in this programme.

[TeamH2O]

any money to be spent on a racing facility?

does not look so

"We will continue to maintain and improve the sporting infrastructure in our nation. In addition, three state-of-the-art mega sport facilities will be constructed in compliance with international standards – the national cycle track, the national aquatic centre and the national tennis centre."

Official drags and such, is officially dead in this country.

[hustla_ambition101]

Same old rhetoric

[bushwakka]

any money to be spent on a racing facility?

does not look so

"We will continue to maintain and improve the sporting infrastructure in our nation. In addition, three state-of-the-art mega sport facilities will be constructed in compliance with international standards – the national cycle track, the national aquatic centre and the national tennis centre."

Official drags and such, is officially dead in this country.

yea....cuz officially.....drags causes deaths on the roads

[De Dragon]

so far :
Tobago to get $2.2BILLION..
Retirement pension gone to $3000 a month..

Stadium Construction to Continue in 2011-2012
Three State-of-the-Art Sport Training Facilities coming

Nothing new in Health..Education..Agriculture..

$4 billion to fight Crime in T&T in 2012...
Special Allowance granted to Police a year ago now extended to Fire Services and Defence Force personnel..

4,450 new houses promised for 129,000 on waiting list..
10,500 to get house foundation instead of houses..
4,000 Homes to be constructed in 2012..

East Port of Spain development proposed.(again)..
East Port of Spain to become a Heritage Site...

BUS rapid transport system..
Plastic bottles to be controlled..
Melamine plant coming..
Solar energy introduced..

TTMF to reduce mortgage rate to 5% in 2012:
Currently the rates are
Up to $200,000 6%
From $200,001 to $250,000 6.5%
From $250,001 to $300,000 7.0%
From $300,001 to $350,000 7.5%
From $350,001 Plus 8.0%

E-PAY System to be introduced for Income Tax payments..
National Infrastructure development bank to be established..

There ia already a fully functional melamine plant at Point Lisas. I wonder if this refers to the rumoured AUM II?