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Way ahead after Budget

Published: 
Wednesday, October 4, 2017

Debate on the measures announced in Finance Minister Colm Imbert’s $50.5 billion budget package will likely rage on for the next week or so, or perhaps even more. Truth be told, however, given the pronouncements of both Imbert and Prime Minister Dr Keith Rowley over the last few months, it is safe to say many had been expecting a much harder fall than what actually came on Monday.

What this suggests, therefore, is that the Government, despite the pressure it is under due to falling energy revenues, which the PM admitted had dropped by a whopping 90 per cent, is still bearing a huge part of the country’s economic burden. The question still remains how long will it be able to do this?

But the backlash from some of the budget decisions are coming fast and furious.

The businesses have already signalled that some of their increased costs will be passed on to their customers, some of them are weighing downsizing, while others have indicated they intend to close up shop.

What is worrying to this newspaper is that the majority of stakeholders agreed, going into this budget, that something needed to be done about our declining economy and that society would undoubtedly have to share some of the burden in order for us to stabilise and revive it going forward.

It is unlikely that Imbert will be able to go back on any of the major measures announced, since the Government literally has little to play with. What will have to come therefore is for the society to look at innovative ways in which to carry on with a little less for now.

Pray for Vegas victims, families

World attention has been thrown onto the United States in a negative light once again, after what is being reported as the “worst mass shooting” that occurred over the weekend.

Investigators are still trying to piece together what led gunman Stephen Paddock to open fire on an outdoor concert from a hotel room on the Las Vegas Strip, killing 58 people and injuring hundreds of others.

When such international incidents occur, especially with the spectre of terrorism which looms today, one cannot help but reflect on how fortunate we are as a small island to have been spared such major attacks. This, however, does not mean we should ever let our guards down.

But while the security forces try to piece together what went wrong there, let us spare a moment to offer a prayer to those who lost their lives and their grieving families.

Congrats to gymnast Fox

This newspaper would like to applaud the efforts of England-based T&T gymnast Joe Fox at the Artistic Gymnastics World Championships in Montreal, Canada. While his form was not what he would have liked it to be, he became one of our first male athletes to represent the country at this level. We therefore hope this experience will give him the impetus to go from stride to stride.