Does Hope Really Float?
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?