Tag Archives: economy

Dear Editor: Diversification, not the Dragon, is key for T&T’s economic survival—but here’s why it has eluded us

“[…] The Ministry of Finance website provides budget statements from 2002 onwards. Diversification is mentioned in each budget statement. All 23 years. Undoubtedly, diversification will feature in Budget 2026 when it is read in the coming weeks. “[…] This is not to say that there have been no changes since …

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Dear Editor: PM had enough time to study PNM mistakes—now give us budget where everybody wins

“[…] Please do not incur excessive debt to fulfil campaign promises or popular votes. Continuous deficit financing and public debt that balloons uncontrollably will undermine investor/lender confidence, reduce cash flow and impact generational wealth. Everybody must win. “[…] Madame Prime Minister 2.0, it is clear that if T&T achieves its …

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Devaluation: the good, the bad and the public debt—why T&T needs careful analysis, not noise

“[…] Basic economic theory does not always manifest in practice—in fact, it rarely does. To understand if or by how much exports/imports change requires an understanding of how responsive exports/imports are to price changes. This is called elasticity in economics. “[…] Alongside this, the constantly changing geopolitical environment must be …

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Daly Bread: Deflections and delusions, as General Election beckons

Contemporaneously with critical commentaries, the Prime Minister last Sunday attempted certain deflections of the Government’s decision—despite the parlous state of our finances—to accept for its members the hefty salary increases and backpay, which the Salaries Review Commission recommended (the SRC increases). However, it is reasonable to hold this Government accountable …

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