Tag Archives: fiscal strategy

Trinidad – economy and elections- commentary

Trinidad – economy and elections

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Trinidad & Tobago

Stabroek News- Editorial – Wednesday May 6, 2015

As Trinidad & Tobago moves into election mode (the last elections were held on May 26th 2010), Prime Minister Kamla Persad Bissessar’s government seems to have been surprised by the most recent survey of the economy by the international agency Moody’s (as reported in this newspaper last week) which has downgraded the country’s credit rating from stable to negative.

The agency has been extremely critical of the government’s recent financial policies, suggesting that it has not taken the opportunity of relatively good economic and financial times particularly to focus on an effective fiscal strategy, and to make decisive efforts to diversify the economy beyond its traditional dependence on oil and gas. Continue reading

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