AmCham commends Govt
The American Chamber of Commerce has commended Government on the country's positive macroeconomic indicators coming out of the 2012/2013 national budget.
"We also find the estimates of oil and gas prices in the national budget to be reasonably conservative," the business group said in a statement yesterday.
Finance Minister Larry Howai's budget 2012/2013 yesterday was pegged on an oil price of US$80 per barrel and a gas price of US$2.75 per thousand cubic feet.
"AmCham T&T further commends the stimulus that the government seeks to create in the economy by improving and creating necessary physical infrastructure. AmCham T&T notes the focus on the Public Private Partnerships (PPP) as a means to execute these projects as a positive first step. We believe that this creates an enabling environment consistent with the growth ambitions articulated in the National budget 2012/2013," the group said.
But it said it was concerned with the budget 2012/2013 stated operational and fiscal targets versus realised results to date of past budgets.