Trinidad and Tobago’s Prime Minister Dr. Keith Rowley on Wednesday September 7th 2016 marked the first anniversary of his People’s National Movement (PNM) Administration in office, warning the population to expect new taxes and tougher economic policies as he seeks to steer the country’s ailing economy away from the International Monetary Fund (IMF).
Rowley, who was given a 51 per cent approval rating by the Trinidad Express newspaper in a poll released on Wednesday September 7th 2016, said that the new taxes would be outlined when Finance Minister Colm Imbert presents the 2016-2017 national budget later this month.
Speaking on a television programme there, Rowley said while all was not lost in turning around the economy that has suffered ever since the global price of oil slumped from more than US$100 to as low as US$40 over the past year, citizens of Trinidad and Tobago must continue to brace themselves for tough times ahead.
Rowley brushed aside remarks by Opposition Leader Kamla Persad-Bissessar that his Administration should receive an “E” grade for its first year in office, reminding the population that it was because of the reckless spending of the former People’s Partnership Government which she led, the oil-rich twin island republic now faces socio-economic problems.
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