Kamla cites Lake Asphalt decline in defence of plan to sell State assets

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Prime Min­is­ter Kam­la Per­sad-Bisses­sar has de­fend­ed the Gov­ern­ment’s de­ci­sion to di­vest sev­er­al state-owned en­ter­pris­es, point­ing to the fi­nan­cial de­te­ri­o­ra­tion of Trinidad Lake As­phalt Lim­it­ed (Lake As­phalt) as ev­i­dence of the risks of al­low­ing loss-mak­ing com­pa­nies to re­ly on tax­pay­er fund­ing.

Full coverageKamla Persad-Bissessar Announces Plans to Divest State-Owned Assets9 reports

In a Face­book post yes­ter­day, Per­sad-Bisses­sar re­spond­ed to crit­i­cism from for­mer Op­po­si­tion MP and tourism min­is­ter Ran­dall Mitchell, ac­cus­ing the Peo­ple’s Na­tion­al Move­ment (PNM) of mis­man­ag­ing state en­ter­pris­es and ar­gu­ing that pub­lic funds should ben­e­fit cit­i­zens rather than sub­sidise fail­ing busi­ness­es.