Civil
wars, insurrections, uprisings, protests, workers strikes, all are rooted in
the distribution of wealth. This is the responsibility of the nation's elected
executive; to design, adopt, fine-tune, implement and revise policies, which
would encourage and reward risk-takers' investment while, maintaining a
measured standard of living through employment and the uplifting of the
vulnerable in society. Investment, Employment and Social Benefits are the
opportunities essential for nation building. However, the nation's capability
to earn from its present or projected revenue streams, increasing productivity,
currently carries much less influence, when compared to the nation's power or
ability to borrow and, of course, service and repay the debt. In other words,
it is presently easier to borrow than to diversify.
Monday, January 30, 2017
Monday, January 23, 2017
Economic Drivers 2017
(An extract from Foreign Direct Investment 2017)
The nation's revenue, to offset its total
annual expenditure, comes from the collections of taxes, duties and royalties;
taxes on (personal income) salaries and wages, on (consumption) sales and value
added, on (operations) business levy and green fund, on (corporation) profits,
etc. Such revenue generating activities are encouraged and facilitated via
Economic Drivers, which designs, implement and review the conditions for
investment, employment and, the resulting, taxation. Operating on 5.48% of the
nation's total current expenditure budget, Economic Drivers are administered by
the Ministries of Energy and Energy Industries, Agriculture, Lands and
Fisheries, Planning and Development, Foreign and CARICOM Affairs, Labour and
Small Enterprise Development, Trade and Industries, and Tourism.
Monday, January 16, 2017
Infrastructure Management 2017
(An extract from Foreign Direct Investment 2017)
It
has been long realized and accepted that Infrastructure Management directly
affects productivity; outputs driven by comfortable and safe work and play
spaces, such as; water and electricity, industrial parks, administration offices,
community centers, open parks, transport hubs, roads and bridges, etc. Utilizing
19.97% of the nation's total annual allocated expenditure to maintain and
expand public spaces, the Infrastructure Management category consist of the
ministries of Public Utilities, Works and Transport, the Tobago House of Assembly,
the ministries of Rural Development and Local Government, and Housing and Urban
Development.
Monday, January 9, 2017
Human Development 2017
(An extract from Foreign Direct Investment 2017)
The progress of any country, nation, society is driven by its human resource and the development of such; its citizenry, its people, its skills and talents. Noting that, growth industries and job creation are as a direct result of investment in ideas, and the only true source of ideas is the human being. A population that is educated, healthy, well adjusted as a society, contributing in the community, supporting culture and the arts, participating in competitive sport and encouraging the youth, will build and maintain a happy, respectful, caring and sharing nation.
The
Human Development category consist of budgetary allocations, 28.90% of the nation's
total annual estimated expenditure down by 0.31% from the previous period revised
estimates, to execute policies, strategies and initiatives of the Ministries of
Health, Education, Social Development and Family Services, Community
Development, Culture and the Arts, and Sport and Youth Affairs.
Monday, January 2, 2017
Resource Preservation 2017
(An extract from Foreign Direct Investment 2017)
This
refers to the approved budgetary allocation of public expenditure dedicated to protecting
and preserving the nation's assets; its people, its property, its peace. Resource
Preservation comprises funds, 10.41% of the nation’s total expenditure as
reported by the Auditor General 2015 and 13.59% in the revised estimates 2016
and 13.05% down by 2.49% for 2017 published by the Ministry of Finance, to enact
the policies of the Ministry of National
Security, its arms and divisions, along with the crime interjection strategies
of the Police Service, whose
expenditure is independently control. While the Defence Forces policies and
funding are administered and overseen by the Ministry. The non-executive President
of the nation is the Commander and Chief of the Defence Forces, further subdivided
into the Regiment, the Coast Guard and Air Guard, with reserves and other specialty
arms and initiatives.
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