THA Deputy Chief Secretary speaks on budget expectations

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    THA Deputy Chief Secretary Joel Jack is anticipating over $3bn in the upcoming budget.

    Speaking today, Mr Jack, who is also Secretary of Finance, says finalization of draft estimates is ongoing before it is dispatched to the Finance Minister.

    He says, based on last year’s $49.6bn fiscal package and the proposal to give Tobago 6.8% of the budget, he has an expectation of what may be received.

    Under clause 30 of the proposed Tobago Island Government Bill, Parliament will have to allocate no less than 6.8% of the total sum appropriated by Parliament in the financial year.

    In the last fiscal package, Tobago was allocated $2.134bn.