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Davendranath Tancoo, the new Minister of Finance says his ministry will need to assess the country's revenue and debts before moving on to dealing with the economy.

He said the government could get funds by addressing some of the concerns listed in the Procurement Regulator’s 2023 report, like $5 billion which was spent in inappropriately given contracts, but it also had many immediate revenue-generating plans which would be revealed later.

Speaking to members of the media after the ceremony swearing in ministers of government at President's House, Port of Spain on May 3, he was asked about any possible action concerning a series of Facebook posts by journalist Ken Ali which claimed the PNM administration engaged in secret borrowing of $1.5 billion in the lead-up to the 2025 general election.