The Tobago Business Chamber believes the island’s Budget allocation does not allow for proper investment.

$2.585 billion was announced for Tobago, with $678.5 million to also be used by different ministries and agencies for certain initiatives.

Chamber President Martin George says most of the allocation will go towards recurrent expenditure, leaving little behind.

Mr George believes the THA now needs to find newer and more creative ways to ensure additional funding for development projects.

He also renewed a call for the Foreign Investment Act to be repealed in order to help Tobago and ease forex issues.

Tobago Business Chamber President, Martin George.