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Former finance minister Colm Imbert said Finance Minister Davendranath Tancoo’s contribution to the mid-year review debate lacked substance.

He argued yesterday in the House of Representatives that while Tancoo claimed the former government crashed the economy, he offered no data to prove it.

Imbert cited S&P Global Ratings’ September 4, 2024, report, which stated: “Trinidad and Tobago’s economy is heavily dependent on oil, gas and petrochemicals. It therefore remains exposed to global price volatility in those sectors whilst facing declining production in the near term.”