Tancoo’s tenuous tenacity - Trinidad and Tobago Newsday

79% of businesses lack confidence in PNM economy, says Tancoo

SEVENTY-NINE per cent of businesses interviewed for an outlook survey by the American Chamber of Commerce of Tri­nidad and Tobago said they had no confidence there would be economic growth under the People’s National Movement (PNM), Finance Minister Davendranah Tancoo…

Tancoo’s tenuous tenacity - Trinidad and Tobago Newsday

AT THE VERY start of his June 18 spending review, Finance Minister Davendranath Tancoo stated, “On April 28, Trinidad and Tobago voted to reject the PNM and hit the reset button.” And yet, nothing in the rest of Mr Tancoo’s 40-minute presentation suggested a reset. The minister reaffirmed economic orthodoxy: deficit financing remains not only unavoidable but, it seems, ideal; budget supplementation remains on par with previous levels. It was as …