Does Hope Re­ally Float?

The Star (St. Lucia) - Business Week - - NEWS - BY CHRIS­TIAN WAYNE – EDI­TOR AT LARGE

Last month the govern­ment of Trinidad and Tobago pre­sented the coun­try’s 2018 Bud­get Ad­dress which, ac­cord­ing to Fi­nance Min­is­ter Colm Im­bert, would re­quire ci­ti­zens of the twin-is­land re­pub­lic to make a “se­ri­ous ad­just­ment”. As with most aus­ter­ity pack­ages, Trinidad’s bud­get con­tained no thrills, al­most guar­an­tee­ing ci­ti­zens will ex­pe­ri­ence an in­crease in their costs of liv­ing as early as next year. Few sec­tors were spared what ap­peared to be Prime Min­is­ter Keith Row­ley’s very spe­cific plan of ac­tion for re­vers­ing the down­ward trend of his coun­try’s econ­omy. It was not too long ago that the new­ly­elected govern­ment of Saint Lu­cia pre­sented its 2018 Bud­get Ad­dress to the na­tion. Plagued by sim­i­lar fi­nan­cial woes, Prime Min­is­ter and Min­is­ter of Fi­nance Allen Chas­tanet’s strat­egy for turn­ing around his econ­omy is markedly dif­fer­ent from that of his Trinida­dian coun­ter­part. For a start it seems less pes­simistic, a tad more hope­ful. But will high hopes and great ex­pec­ta­tions be enough to keep this ship away from the rocks?

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