Home' Trinidad and Tobago Guardian : September 7th 2015 Contents Minimum wage still to be reviewed --- McLeod News --- Page A6
for 04TH SEPTEMBER, 2015
Monday, September 7, 2015 www.guardian.co.tt Guardian
Despite the Central Bank of
T&T s (CBTT) Q2 Economic
Bulletin stating that the deficit
had increased to $2 billion, out-
going Finance Minister Larry
Howai said yesterday the $2
billion referred to by the CBTT
related to the economic outturn
the end of June. He added that
at the end of June, there was a
"lower deficit of $1 billion."
In its Economic Bulletin report
July 2015, the CBTT stated: "The
Central Government fiscal
accounts recorded a deficit of
$2,168.1 million during the first
eight months of the fiscal year
(October 2014 to May 2015)
compared to a $1,028.6 million
deficit for the comparative peri-
od one year earlier."
But stating that T&T is well
below the projected deficit of
2015, Howai, in a statement
yesterday, said, "The Govern-
ment's revenues normally
come in at the end of a quarter
and the quarterly statements
are the more comprehensive
and accurate figures."
The Government has done
well in managing the downturn
of global energy prices, Howai
"Regarding the growth pro-
jections the figures used were
the growth projections coming
out of the various international
agencies. The IMF's growth pro-
jection for T&T for 2015 is 1.2
per cent; the World Bank is pro-
jecting 1.8 per cent and Moody's
and Standard and Poors are also
projecting economic growth."
Regarding foreign exchange,
the CBTT said in its report that
conditions in the domestic for-
eign exchange market remained
relatively tight in the first half
"Over the period January to
June 2015, authorised dealers of
foreign exchange purchased a
total of US$2555.0 million from
the public, a 9.7 per cent decline
when compared to the same
period one year ago. On the
other hand, sales to the public
by authorised dealers were nine
per cent higher on a year-on-
year basis at US$3665.5 million
in the first half of 2015."
And referring to T&T's foreign
exchange reserves, Howai said
it remained "strong" at approx-
imately 12 months of import
Chairman the Clico Policy-
holders Group Peter Permell, in
a statement, maintained that his
members would not be paid
what is owed to them.
"It is quite clear by now that
the People's Partnership Gov-
ernment has absolutely no
intention of paying "assenting"
policyholders our just due from
the Clico Statutory Fund, oth-
erwise they would have done so
already since their "promise" to
do so on March 27, 2015 (some
six months ago). Nonetheless,
we must continue to remain ever
vigilant and discerning as we
enter this new phase in the
ongoing fight to get us just due."
President of TTMA Dr Rolph
Balgobin said a slow in the econ-
omy is not unusual as many in
the business community would
want to wait until the election
is over to continue any new
Members of the Diego Martin Footprints perform a bele dance during Friday night's Best Village competition held at Queen's
Hall, St Ann's, Port- of-Spain. PHOTO: EDISON BOODOOSINGH
still at $1 billion
BEST OF BELE
A day before he was killed in his house,
Kyle Charles Gonzales hugged his family
and told them how much he loved them.
Gonzales, of La Lune Village, Moruga,
would have celebrated his 30th birthday in
November if he was given a chance to live.
Police said around 9 pm on Saturday he
was at home when the killers began firing
on him at point-blank range. Neighbours
reported hearing four loud explosions. When
police investigated, they saw him lying on
the floor close to the front door, bleeding
from gunshots wounds to the head and chest.
Gonzales was unemployed. His father, Rus-
sel Gonzales, said he was never in trouble
with the law.
"He never used to trouble anybody. All he
did was take his little smoke. We really do
not know why this happened," Russel said.
He added that three months ago, he built a
house for Gonzales so he could live happy.
Grandfather Claudius Jackson said it
appeared that the killers were waiting for
"It look like he was going to bathe when
they shot him," Jackson added.
Gonzales's sisters Mary, 28 and Krysta, 26,
said their brother was unusually quiet on
Friday but he did not tell anybody what was
"The whole day something was bothering
him. He loved life and was always fun to be
around," Krysta said.
She added that Gonzales hugged up his
brother and told him that he loved him. "I
don't know what was worrying him. he was
no saint but he changed his life around after
Easter when he had an incident with some
Venezuelans," Krysta recalled.
Mary said Gonzales had a five-year-old
An autopsy will be done today at the Foren-
sic Science Centre.
Moruga police were up to late yesterday
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