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Government achievement thread (PNM EDITION 2015-2025)

this is how we do it.......

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Habit7
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Re: Government achievement thread.

Postby Habit7 » October 23rd, 2015, 7:21 pm

Food prices increase by 34% in five years....


Nadaleen Singh
Published: Thursday, October 22, 2015

Prices in the Business Guardian’s Food Basket increased by 34 per cent between October 2010 and this month, October 2015. Examining the basket of items measured during the period September 2004, August 2010, October 2010 as well as October 2015 overall, food prices have increased. Business Guardian’s total food basket—which was done at Massy Stores (then HiLo) in October 2010 was $228.44 compared to 2015 where it moved to $306.62; a climb of 34 per cent.

According to the Index of Retail Prices in the Central Bank’s data centre, food prices increased by 61.6 per cent between October 2010 and August 2015, the most up-to-date entry on the institution’s Web site. Looking at the Business Guardian’s list, basic bread and cheese, bread increased by 21.4 per cent and cheese by 19 per cent compared with October 2010. The price of lentils has remained the same though.

Now that the national budget has been presented, many consumers would be looking for ways in which they can make adjustments to their personal budgets. Measuring the affordability of food would be a priority for consumers, especially as Minister of Finance Colm Imbert said VAT would be decreased to 12.5 per cent from 15 per cent, but with indications that the Government intends to reverse VAT exemptions and zero-rated goods.

Addressing the issue of food, Imbert said: “I propose to improve efficiency in collection to broaden the base by reviewing and adjusting exemptions and zero-rated items which are associated with non-essential or luxury items, and which are not critically important to the livelihoods and basic cost of living of our citizens.....I propose to reduce the value added tax rate from 15 per cent to 12.5 per cent.”

In 2012, the People’s Partnership government had removed VAT from 7,000 items in order to ease consumers from food inflation. A statement from the Ministry of Trade, at that time, had indicated: “Determination of the final list of items was a very complex process which involved careful, detailed and collaborative review of the food items in common use by the majority of our local households, utilising a comprehensive list provided to the ministry by industry stakeholders.”

On July 25, former Prime Minister Kamla Persad-Bissessar as an Eid-ul-Fitr/Emancipation gift had announced a 20 per cent discount on selected brands of flour, rice and oil in time for those holiday that year. The gift applied for the period July 26 and August 1.

She said: “This initiative forms part of the temporary stop gap measure to allow for ease of living while the Government actively pursue measures to ensure our food security.”

Over several years, two administrations have put measures in place to deal with the rising food prices but nothing can stop the dynamics in the global environment impacting on the final price of food.

Price versus preference

Would shopping for fresh produce in a market versus shopping in a supermarket make much of a difference when it comes to prices?

Not many professionals have the time to go from place to place to shop for produce so they bite the bullet and pay the supermarket price. With extra packaging around the fresh produce and the convenience of a supermarket, the consumer would more than likely have to pay more for their product.

The taste patterns of consumers for imported produce versus local produce would be another factor which would increase any consumer’s grocery bill. The greater the demand for imported produce the higher T&T’s overall food import bill would be. This, in turn, would impact on other aspects of T&T’s economy. One area specifically is foreign exchange.

During its post-budget seminar, the T&T Manufacturers’ Association addressed the issue of foreign exchange. Economist Dr Ronald Ramkissoon indicated that the taste patterns of consumers was contributing to the gobbling up of foreign exchange in T&T, as he had urged consumers to buy local.

Competition is expected to increase in the local food manufacturing sector as consumers look for substitutes and try to walk away from luxury goods, all for a good price.

It’s clear that in order to cope with food inflation, consumers may demand substitute products. Luxury goods would have to be omitted from the grocery list.

Another aspect of food is take-away or fast food such as doubles where some vendors have increased to $5.00 saying that they were justified in the increase because they would have to pay increased costs for gas.

In the case of the Sunday morning diet of doubles and pie, would that routine continue or would consumers see this as a luxury delicacy?

Would doubles become a single given the price increase meted out by some vendors?

Only time will tell.

Imbert is scheduled to have a mid-term budget and perhaps a re-think of spending on a national level might provoke a re-think of spending by consumers.

Then there are the other aspects for consumers, especially consumers who use public transport. The maxi-taxi fares for the Arima to Port-of-Spain route remained at $7 but the Chaguanas to Curepe has increased to $8. How much the consumer is willing to bear is likely to impact how much they are willing to boycott certain brands and discard certain traits in their taste patterns.

http://www.guardian.co.tt/business-guar ... five-years

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Re: Government achievement thread.

Postby Numb3r4 » October 23rd, 2015, 7:49 pm

Doubles is still $3.00 for me, just bought today. In that case the removal of the fuel subsidy didn't affect me.

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Re: Government achievement thread.

Postby 1UZFE » October 23rd, 2015, 7:53 pm

Wonder if Rowlee will give the 20% off from flour and other products for Diwali.

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Re: Government achievement thread.

Postby Numb3r4 » October 23rd, 2015, 8:08 pm

Didn't you all see CNC3 they had a short piece on the rise in food prices....most said it was due to the farms not producing on the count of the weather, but still though the prices are up and this is just Divali...wonder what will happen for Christmas?

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Re: Government achievement thread.

Postby Chimera » October 23rd, 2015, 8:17 pm

Its a normal thing for crop.price to.go up divali time. A lot of people fasting

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Re: Government achievement thread.

Postby Fuzzle » October 23rd, 2015, 8:27 pm

1UZFE wrote:Wonder if Rowlee will give the 20% off from flour and other products for Diwali.



NOPE !!!!

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Re: Government achievement thread.

Postby Kalisnakov » October 24th, 2015, 6:28 am

1UZFE wrote:Wonder if Rowlee will give the 20% off from flour and other products for Diwali.

^^^
Lol nice 1

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Re: Government achievement thread.

Postby Habit7 » October 24th, 2015, 6:46 am

1UZFE wrote:Wonder if Rowlee will give the 20% off from flour and other products for Diwali.

Why would he want to do that? Kamla did it and crash the economy and still lorse.

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Re: Government achievement thread.

Postby zoom rader » October 24th, 2015, 6:52 am

Meanwhile PNM puts TT in danger of the IMF once again






Finance Minister Colm Imbert




There was a minor clash in the Senate last Thursday evening between Finance Minister Colm Imbert and Independent Senator Dr Dhanayshar Mahabir, an economist, over the 2015/2016 budget.

Mahabir’s chief worry was the $20 billion gap between current expenditure and revenue in government’s $63 billion Budget and he suggested a reduction to $50 billion. Dismissing the suggestion, Imbert said they would have to kill him first. Imbert said any cut in the existing budget would result in immediate negative growth, massive retrenchment and a host of other social ills.

He was giving the wrap up on the budget debate in the Upper House on Thursday night which approved the fiscal measures. His strong stand against any cuts caused Mahabir to jump to his feet to tell Imbert that was the harsh reality, unless he managed to raise enough revenue, which was uncertain.

Doubting the Government would manage, Mahabir asked, “Is it you have a plan to gradually cut expenditure?

“I don’t want you to do anything drastic to yourself. Do you have a plan to manage the budget?” Imbert confidently replied, “This minister of finance is not going to crash the economy.”

Earlier, Mahabir, in a spirited contribution, warned that T&T’s economy, if not rescued, would experience a Greek tragedy, since Greece was close to bankruptcy because of heavy debts to the European Central Bank, the International Monetary Fund and other financial institutions. “Not like Odysseus and the Cyclops (a Greek tragedy),” Mahabir said, referring to the Greek economic crisis. Mahabir warned that raising revenue was going to be a challenge for the Government and offered some of his own solutions.

He criticised Imbert for complaining about the $500 million wage debt to public servants the Government inherited from the People’s Partnership administration. He said if the former PNM administration had been true to the Heritage and Stabilisation Fund (HSF) the finance minister would have had that money at his disposal today.

Mahabir said during the gas boom years in early 2000 there was no major respect for the HSF. He told Imbert if his Government had been true to the HSF, he would have had $750 million in interest today which could have been used to settle the $500 million wage debt.

“Revenue could come from the interest earnings of the HSF,” he said. Imbert began his contribution by questioning the opposition’s rudimentary understanding of arithmetic and financial matters.

“Some fellas never run a Parliament in life but they want to make recommendations on macroeconomics.” Imbert said he had been listening to Opposition Senator Daniel Solomon earlier. He claimed because of excessive spending by the last government, the PNM inherited enough money to run the country for only a few days.

The country could have crashed in September if he did not access that $1 billion loan that was already secured by the last administration, he said.

He described Mahabir’s suggestion that the interest from the HSF could be used as revenue as “very interesting” and promised to get consensus on it. The HSF is a very emotional and sensitive subject and the country needs to talk about whether to leave it untouched or not. Imbert called on the population to come together and bring ideas to rescue the country. “You don’t have to be PNM,” he said.

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Re: Government achievement thread.

Postby 1UZFE » October 24th, 2015, 10:32 am

Habit7 wrote:
1UZFE wrote:Wonder if Rowlee will give the 20% off from flour and other products for Diwali.

Why would he want to do that? Kamla did it and crash the economy and still lorse.

Crash d economy???
Is 1usd = 12ttd :???:
Didnt nfm posted profits?
Our economy so fragile that 1 day of discount on rice flour and oil crashed d economy?

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Re: Government achievement thread.

Postby zoom rader » October 24th, 2015, 12:06 pm

1UZFE wrote:
Habit7 wrote:
1UZFE wrote:Wonder if Rowlee will give the 20% off from flour and other products for Diwali.

Why would he want to do that? Kamla did it and crash the economy and still lorse.

Crash d economy???
Is 1usd = 12ttd :???:
Didnt nfm posted profits?
Our economy so fragile that 1 day of discount on rice flour and oil crashed d economy?



PNM done bring in IMF bro, ban yuh belly or sell a cow to survive under PNM

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Re: Government achievement thread.

Postby Habit7 » October 24th, 2015, 12:43 pm

1UZFE wrote:
Habit7 wrote:
1UZFE wrote:Wonder if Rowlee will give the 20% off from flour and other products for Diwali.

Why would he want to do that? Kamla did it and crash the economy and still lorse.

Crash d economy???
Is 1usd = 12ttd :???:
Didnt nfm posted profits?
Our economy so fragile that 1 day of discount on rice flour and oil crashed d economy?
Not that her unhealthy discounts crash the economy. Her reckless spending in the form of $6B in the 3 month run up to the election, overdrafting the treasury up to 98% and only leaving a $20 digicel topup and enough money to run the country for 2 days is crashing the economy.

These ad hoc discounts to curry favour with a public who was ready to you out since 2012 are not sustainable and have no lasting benefit.

Food prices rose by 34% and the removal of VAT on the 7000 items failed to reduce prices but UNC behave like if for 5years cost of living never went up. For 5 years we run up a bill, whether we like it or not, now is the time to pay it.

I am yet to hear from UNC how with $40B in revenues how they planned to maintain the $60+B in expenditure they carried us to. But they crying about taxes.

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Re: Government achievement thread.

Postby zoom rader » October 24th, 2015, 2:20 pm

^^^ We have to wait for PNM real budget in March 2016 before prices sky rocket.

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Re: Government achievement thread.

Postby desifemlove » October 24th, 2015, 3:03 pm

toyota2nr wrote:
1UZFE wrote:Its only been over 1 mth. They need time to settle.


Lol them taking longer to settle than Andrews and Enos...

cos UNC's like you does know it takes six weeks to implement health care, lessen murders, stop guns coming in, stop all corruption and diversify the economy, ent?

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Re: Government achievement thread.

Postby Allergic2BunnyEars » October 24th, 2015, 8:43 pm

zoom rader wrote:^^^ We have to wait for PNM real budget in March 2016 before prices sky rocket.


How would the UNC have generated extra revenue to justify 60b budgets in the future?

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Re: Government achievement thread.

Postby Numb3r4 » October 24th, 2015, 10:48 pm

^^ They were probably content on running a deficit budget...

Or maybe there is something Imbert or Kamla isn't telling us?

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Re: Government achievement thread.

Postby shogun » October 24th, 2015, 11:02 pm

Allergic2BunnyEars wrote:
zoom rader wrote:^^^ We have to wait for PNM real budget in March 2016 before prices sky rocket.


How would the UNC have generated extra revenue to justify 60b budgets in the future?



They could have asked tuners to donate $1.00 to the country'e coffers, every time ZR says "PNM" or "Rowley." Problem solved.

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Re: Government achievement thread.

Postby Morpheus » October 24th, 2015, 11:30 pm

^^Best foolproof idea yet!

Nobel Peace Prize for you.....

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Re: Government achievement thread.

Postby Allergic2BunnyEars » October 25th, 2015, 12:39 am

Numb3r4 wrote:^^ They were probably content on running a deficit budget...

Or maybe there is something Imbert or Kamla isn't telling us?


Howai said in 2012 that they intended to have a balanced budget by 2016. Only way to do that is either raise revenue or cut expenditure.

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Re: Government achievement thread.

Postby Numb3r4 » October 25th, 2015, 1:09 am

Allergic2BunnyEars wrote:
Numb3r4 wrote:^^ They were probably content on running a deficit budget...

Or maybe there is something Imbert or Kamla isn't telling us?


Howai said in 2012 that they intended to have a balanced budget by 2016. Only way to do that is either raise revenue or cut expenditure.


How they would haven't done this is my question?

Most interesting time we find ourselves in.

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Re: Government achievement thread.

Postby zoom rader » October 25th, 2015, 2:36 am

Allergic2BunnyEars wrote:
zoom rader wrote:^^^ We have to wait for PNM real budget in March 2016 before prices sky rocket.


How would the UNC have generated extra revenue to justify 60b budgets in the future?


The government was faced with the same situation as the UK in late 1970s & 80s. What the UK did was to get rid of the cost of draining businesses, like the coal mines, British Airways, Telecom, Rail, steel, Power stations, water works ect.
These was sold off via IPOs which created a win win situation by income to pay off the UK bills, corporate taxes and new independent investors. Most of all these former state enterprises was transformed in to profit generating businesses that's paid taxes and a new productive workforce which is lacking in TT. In most cases these businesses expanded and more income taxes was paid.

The UNC was going in the right direction by raising IPOs with more to come, but that is no more.

The PNM Shutdown Caroni and they were in the right direction, but they should have sold it when they had the chance to the Indians that wanted to buy it. There would have still have some ppl employed and the government would have gotten taxes via corperate and income taxes and land put to use. If they sold caroni then there was need to give out state lands . Most ex-caroni workers went in self business to which the government does not receive income or corporate taxes which is loose loose situation.
NAR leased ISCOTT which was a winner via corporate and income taxes. They did the same by selling leasing the BWIA planes.

As I said when PNM In power it's one step forward and two steps backward.
Imbert has already said they not selling CAL and that most likely mean you gonna to pay for they loses.

So you tell me what you think its best to continue paying for loosing low productivity state enterprises or investing your money into them and getting an income while people are employed with a new work improved culture.

People employed and new reformed profit making enterprises equal taxes to the govt as revenue and no increased taxes for the citizens. If this country wants A rail network then let private ppl build and operate it and Govt sits back and takes in the taxes.

And to those that say Petrotrin and NGC is profit making that's a load of BullChit as under private enterprises they would find much better ways to make them efficient with a more a production workforce.

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Re: Government achievement thread.

Postby Numb3r4 » October 25th, 2015, 10:32 pm

The prime Minister said that Tobagonians have to stop being so dependent on state/THA and they have to be more accommodating of outsiders if they are to better themselves.

Step in the right direction.....

**Cough*Calcutta Ship*Cough*Cough**

Rowley boy...Good Luck

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Re: Government achievement thread.

Postby zoom rader » October 26th, 2015, 2:26 am

Numb3r4 wrote:The prime Minister said that Tobagonians have to stop being so dependent on state/THA and they have to be more accommodating of outsiders if they are to better themselves.

Step in the right direction.....

**Cough*Calcutta Ship*Cough*Cough**

Rowley boy...Good Luck


That's only Lip service and means nothing. Generally Bago ppl are welcoming and have better manners than trinis apart from Shamfa.

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Re: Government achievement thread.

Postby Numb3r4 » October 26th, 2015, 6:28 pm

^^ Do you think so, I've been going to Tobago for many years, since I was a teenager or younger, but one thing always struck me they weren't very service oriented, unlike lets say Florida, we claim in these tourism ads we are so friendly and open.....but.....

They tend to be a bit short of temperament and a bit gruff, not all but still....Are they really serious about tourism? They do get some tourists I do see them when I go, but quite frankly that number seems to be lessening with every year. I remember at nights you could hear multiple international passenger airlines taking off and landing now nights are dead quiet. Only the drone of the CAL ATR72 and by 11:00/11:30pm that stops, unless they a running behind schedule.

Yes, Trinidadians do go but they bring every thing (usually) on the boat in their vehicles, not much of a money maker for local/Tobagonian business I assume.

A considerable amount of work was done on the Crown Point to Pigeon Point area during the past administration, so hopefully this keeps up. What I want to know is how much of it is funded by Tobagonians? They need to start taking more of active role in developing Tobago, stop relying on the THA....but what do I know.

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Re: Government achievement thread.

Postby 1UZFE » November 3rd, 2015, 5:09 am

Here kinda quiet.
Anyword on Powergen workers??

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Re: Government achievement thread.

Postby Cantmis » November 3rd, 2015, 10:59 pm

1UZFE wrote:Here kinda quiet.
Anyword on Powergen workers??

Powergen workers ! What is that :-D

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Re: Government achievement thread.

Postby Habit7 » November 4th, 2015, 10:27 am

Curtms wrote:
1UZFE wrote:Here kinda quiet.
Anyword on Powergen workers??

Powergen workers ! What is that :-D

Two former energy ministers:
PowerGen shutdown was always coming

Yvonne Baboolal
Published: Wednesday, November 4, 2015

The shutdown of PowerGen was long in coming and is actually a good thing, say former energy ministers in both past PNM and PP administrations.

The Oilfields Workers’ Trade Union (OWTU), which represents most of the company’s 278 workers, is resisting plans to send them home.

However, former PNM minister Conrad Enill and former PP minister Kevin Ramnarine, who held energy portfolios in their respective governments, are saying the shutdown of the Port-of-Spain power plant, nearly 70 decades old, can actually save T&T money.

“There will be no need for natural gas, which is in short supply at this time, for this plant,” Ramnarine said.

He said the extra natural gas could be sold and would fetch additional revenue.

The Trinidad Generating Unit (TGU) at La Brea, originally built for the scrapped Aluminium Smelter Plant, has excessive power with the capacity to supply all the country’s needs for a long time said both ministers.

Ramnarine said plans to close down Powergen were in the making since 2009 under the former PNM administration.

His ministry under the last People’s Partnership government continued the process and if they had won the September 7 general election would have also shut down the plant, he said.

“It has been known for a number of years PowerGen will be shut down.

Yes, it was on the cards a long time and regardless of September 7, it was going to happen,” he added.

He said under a new Power Purchase Agreement signed between the T&T Electricity Company (T&TEC) and PowerGen there was an agreement that T&TEC would take around 20 per cent less power than before which would be supplied by the TGU.

“Hence, the need to close the Port-of-Spain plant,” Ramnarine said.

Ramnarine said the TGU, the most efficient of T&T’s four power plants, requires 8,000 kilojules per kilowatt hour while Powergen needs 14,000 kilojules per kilowatt hour.

“The TGU alone could supply half of the country’s power.”

Enill said the TGU was built to supply electricity to the smelter project planned by the former PNM administration but which was halted when the PP came into power.

He said the country had more power than it needed but added his main concern was how power would be distributed from La Brea to Port-of-Spain and environs which were serviced by Powergen.

He said the necessary infrastructure needed to be in place.

Ramnarine said the last government began the process of installing transmission lines and other infrastructure to accommodate the distribution of power from La Brea to other parts of the island and by September the work was almost completed.

He said all the necessary infrastructural work should be completed by year’s end.

He said the company had been in negotiations with the OWTU and, as far as he knew, 150 workers from PowerGen’s Port-of-Spain headquarters were to be offered voluntary early retirement (VERP).

“Some would have already accepted it and other workers were to be redeployed to PowerGen’s other two plants in Penal and Point Lisas.

There were some who would have also been offered voluntary separation of employment (VSEP).”

Ramnarine said Fitzroy Harewood, former Powergen CEO, now Petrotrin president, had overseen this process.

Enill felt the use of renewable sources of energy like wind and solar energy has to do with government policy more than anything else.

Several attempts to reach Powergen officials yesterday, as well as OWTU president Ancel Roget, were unsuccessful.

The T&T Guardian was told Powergen managers were in meetings and to call back the following day.

The OWTU said all officers were attending a colleague’s funeral. Calls to Roget’s cellphone went to voice mail.

http://www.guardian.co.tt/news/2015-11- ... ays-coming

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Re: Government achievement thread.

Postby The_Honourable » November 4th, 2015, 12:13 pm

Agree with the shutdown. I hope they dismantle it asap because if it just stays there, it will become an eyesore.

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Re: Government achievement thread.

Postby EmilioA » November 4th, 2015, 2:36 pm

Vision 2020 working boy.

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Re: Government achievement thread.

Postby Morpheus » November 4th, 2015, 5:11 pm

The_Honourable wrote:Agree with the shutdown. I hope they dismantle it asap because if it just stays there, it will become an eyesore.


Correct!

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