Click to view full size

With Gov­ern­ment abol­ish­ing the Rev­enue Au­thor­i­ty (TTRA), promis­ing to elim­i­nate prop­er­ty pax, re­duce cor­po­ra­tion tax­es, and spend on cam­paign promis­es, for­mer Fi­nance min­is­ter Colm Im­bert yes­ter­day warned of a dark and dis­mal rev­enue out­look for T&T.

Im­bert ar­gued that the Unit­ed Na­tion­al Con­gress ad­min­is­tra­tion has po­lit­i­cal­ly aban­doned key sources of rev­enue, leav­ing bor­row­ing as the on­ly path to cov­er the pro­ject­ed $9 bil­lion deficit in the 2025 Bud­get.

“The on­ly way that the Gov­ern­ment can fund the $9 bil­lion deficit that they are pro­ject­ing for 2025 is through bor­row­ing,” Im­bert said dur­ing de­bate on the Mid-year Bud­get Re­view.