T&T $9 billion budget

The Trinidad and Tobago government yesterday presented a US$9.1 billion budget to Parliament reiterating its resolve to transform the economy, create jobs and a safer environment for investment.



Finance Minister Winston Dookeran said while the local economy remains resilient and the financial system is strong, the national economy is still at risk and remains vulnerable to external shocks.



He insisted that it was necessary for the oil-rich twin island republic to stay on course in what he says is a time of uncertainty.



During his presentation Dookeran also announced plans to provide incentives for the alternative energy sector including tax incentives and a reduction in import duties.