Sunday, January 22, 2012

Tough times ahead, Dookeran warns

Finance Minister Winston Dookeran told legislators Saturday morning 2012 will not be “a walk in the park”.

He made the comment in winding up debate on a bill to increase government spending by $2.7 billion, which the House of Representatives approved early Saturday.

“We know that 2012 will not be a walk in the park...We have built a platform which we have to walk through but we know there will be issues to be dealt with.

He stated, “We had to make provisions and we made provisions and the fact is that we have to carry on that commitment in 2012.”

He said there was a shortfall in the State’s capital expenditure programme in terms of how money was spent.

“The size of the programme was not fundamentally changed but there was a shortfall of expenditure,” he said. The minister said the government spent $6.6 billion out of an allocated $7.5 billion.

he noted major areas of expenditure included dealing with the Clico/HCU collapse and highway construction.
He said there the opposition claims that the government was denying people basic was not valid. "What we did was manage the expenditure in such a way that we could have gained in efficiency,” Dookeran said.

“Not only were we able to put the balance sheet in order, we were able to meet a lot of the commitments made in the past. What I have to do is correct what was wrong in the past and make it right for tomorrow.”

The minister said the deficit has been decreased and there are clear signs of economic stability. "The doubts that are being created are not based on any evidence before us,” he said.

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Jai & Sero

Jai & Sero

Our family at home in Toronto 2008

Our family at home in Toronto 2008
Amit, Heather, Fuzz, Aj, Jiv, Shiva, Rampa, Sero, Jai