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‘This is a disaster waiting to happen’

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PORT OF SPAIN, Trinidad (CMC) — Chief of the principle Opposition United Nationwide Congress (UNC), Kamla Persad-Bissessar has known as on the Administration of Dr Keith Rowley to broaden the record of basket objects which can be exempted from Worth Added Tax (VAT) in an effort to forestall a “doable meals disaster”.

In a message posted on social media on Saturday, the Opposition chief mentioned there could possibly be a worth hike of 35 per cent on all meals within the close to future as a consequence of points associated to the overvalued forex if these should not addressed.

“This can be a catastrophe ready to occur and the longer the Authorities sits on its fingers and ignore [is] this looming disaster, the deeper the outlet turns into. With this imminent meals disaster, the Authorities has but to state any new measures that purpose to immediately tackle this drawback. On a regular basis residents proceed to complain in regards to the elevated costs of primary meals objects on the grocery store whereas the Authorities sits on their fingers and does nothing about it.”

“This PNM Administration diminished the VAT from 15 per cent to 12.5 per cent however on the similar time, they diminished the variety of objects that had been as soon as exempted from the tax. Their tactic was one in every of “giving with one hand and taking away with the opposite”. That won’t work as residents are coping with quite a few challenges, she mentioned.

Persad-Bissessar, a former prime minister, mentioned that the present Administration had promised a stimulus funding of TT$500 million into agriculture within the final finances. “However we’re but to see something concrete from that allocation.”

Persad-Bissessar mentioned in the long run the Authorities should place extra funding “past the common lip service in its home meals manufacturing capability to forestall a doable meals disaster”.

 

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