T&T not bankrupt, says PM
PORT OF SPAIN, Trinidad – Trinidad and Tobago is “certainly not bankrupt” but we do have “cash flow” problems, Prime Minister Dr Keith Rowley has said.
He made the statement yesterday during a news conference held at the Magdalena Beach and Golf Resort in Lowlands, Tobago after what he described as a “successful retreat” of the Cabinet at the hotel over the weekend.
Rowley said the retreat focused on financial management of the State’s affairs, the prioritising of projects and the treatment of Government’s commitments, including arrears owed to public servants and other debtors.
Finance Minister Colm Imbert made a presentation yesterday and he “brought the Cabinet up to date in how we are going so far and where we are with respect to his preparation in reporting to the Cabinet” in the next few weeks with respect to the national budget, Rowley said.
