Economist, Dr. Indera Sagewan says Finance Minister, Davendranath Tancoo was left with very little option, as she defended Government’s move to increase some taxes in the past year.

Speaking on Trinidad and Tobago Today, she reflected on some of the harsh fiscal measures taken by the UNC administration in their first year in office, adding that it was a direct result of what the Government inherited.

“The Prime Minister, the Minister of Finance, do not have a money tree. And if you inherit a situation where the pattern of expenditure over income has been one that the former exceeds the latter over a 10-year period, then you have to make some very hard decisions.”