"Today, the slowing of the recovery is on the cards. The implication of that, is that it will transmit itself to Trinidad and Tobago and the Caribbean via developments in the price of gas and oil, also with respect to markets in the Caribbean and elsewhere," the minister said.
However Dookeran gave the assurance that the People's Partnership government has been putting measures in place to deal with such a situation and minimise any such fallout.
He said the government has been very prudent in managing its fiscal obligations.
"In that context that I feel somewhat gratified that we have been able to withstand some of the calls for 'give me my money and give it now' to programming a way forward so that everyone will be able get what is due to them without putting at risk the country's economic or financial future," he said.
Dookeran said the public sector wage bill amounts to $8 billion annually, and the 5% increase signed by the PSA in April has raised it to $10 billion,. He noted that is 20 per cent of the country's revenue. He also pointed to the investment of $3.7 billion annually in gas subsidy.
Dookeran said government must take steps now to stimulate the economy to encourage growth.
Dookeran said the public sector wage bill amounts to $8 billion annually, and the 5% increase signed by the PSA in April has raised it to $10 billion,. He noted that is 20 per cent of the country's revenue. He also pointed to the investment of $3.7 billion annually in gas subsidy.
Dookeran said government must take steps now to stimulate the economy to encourage growth.
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