Thursday, January 18, 2018

Is the PNM subsidising the 1% or protecting the middle class?*

As we approach the end of 2017, it is imperative that the Government start thinking about how it can better communicate the economic situation T&T finds itself in, the ways in which our current situation compares and contrasts to other energy-dependent countries as well as comparisons between T&T in 2017 and in 1987.
There is no doubt that T&T is in a dire economic situation—mainly as a result of factors outside of the country’s control, such as the precipitous decline in the price of oil and natural gas. But our situation is also frightening as a result of factors over which the administrations past and present have had some input, such as the failure to deal with the diversification of the economy in a serious manner...if at all.

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