May 12, 2020

How Six Billion TT Dollars Will Be Spent During The Pandemic

By Newsroom

Government has spent, up to Monday the total of TT$934 million on COVID relief in Trinidad and Tobago.   But the bigger picture as painted by Finance Minister Colm Imbert on Tuesday morning is that TT$6 billion will be spent which includes a loan to keep Caribbean Airlines afloat. This is the breakdown as explained by  Minister Imbert at a virtual press conference on Tuesday morning.

Ministry of Social Development and Family  Services: TT$98.1 million for Food Cards, cash support cards for needy persons generally, Food Cards for persons whose children would have been in the School Feeding Program, additional support for persons already in receipt of various forms of welfare such as public assistance and disability grant, food support for retrenched workers, for people who have applied for senior citizens pension, disability and have not yet received it, income support for retrenched persons.  Projected to spend  TT$400 million until the end of September 2020.

Office of the Prime Minister: TT$10 million to churches- food for the poor and needy.Projected to be TT$30 million by end of September

Ministry of Agriculture: TT$1.3 million in fresh produce and expects a total of TT$10.7 million to be spent.

Ministry of Nation Security: additional expenditure TT$3.7 million  and up to TT$8.3 million

Ministry of Health so far spent TT$55 million. There’s an  additional provision of  TT$250 million but they are expected to spend TT$137 million

Ministry of Finance: TT$12 million in  Salary Relief Grant projected to be T$490 million

Credit Unions; TT$ 100 million for their members which may be increased and is  geared toward small business lending

Vat Refunds already paid TT$700 million in cash

Bonds of  TT$3 billion should start this week.

Face Masks through NIPDEC: TT$5 million

Caribbean Airlines: a US$65 million loan

Tobago Regional Health Authority: TT$50 million

Tobago House of Assembly: TT$ 5 million and an additional TT$50 million for hotels.

TT$300 million support for SME sector in the final stages of preparation.

Ministry of Rural  Development and Local Govt has spent TT$3.9 million on sanitization and further TT$10 million allocated for food support. These figures could go up to TT$30 million for food support and  TT$16 million on sanitisation.

Trinidad and Tobago Police Service:TT$5.3 million on PPE-  could increase to TT$10 million

Ministry of Finance: has spent TT$12 million of the TT$490million allocated for salary relief grants.

Share