Nurturing Thoughts, Mentoring Ambition

Every Monday morning, there is a new catchy phrase or headline to describe Global Economic Transactions. The term “Market” refers to the general description of a destination; a geographic or cyber place, time and circumstance under which a product range will be offered to customers, will best perform and will be consumed. “Production Circumstances” use adjectives, such as; Recyclable, Renewable Energy, the Green Economy, Ocean-based with the Blue Economy being the most current, to describe major Economic Drivers. Balance Budget, Cash-Based, E-Commerce, Information, Intelligence, or Knowledge based Economy are terms used to describe “Economic Transactions” processes, procedures, systems and transfers.

Electricity Generation

This is still a viable opportunity

Consensus on Education

Human Beings, you and I, from birth to death, will Learn. Lessons which can be positive or negative to benefit family, friends and society. Education is not a Choice, it is Human Nature to Learn. The Healthy Human Brain is taught to compartmentalize data from multiple sources, sort and arrange into information, query and test into intelligence, until it becomes widely accepted as knowledge. This is Education; an ongoing personal process of gathering, analyzing and storing knowledge, used to make and implement the best timely decisions, an important effect of life, mainly judged by other human beings, that depend on you; children, co-workers, peers, and the criminal justice system.

The Word "Budget"

Budget means different things to many people, generally thinking of access to spending money. A 15-year-old student, on an allowance, thinks of daily current expenses. A scholarship winner, studying to attend lectures and hand in assignments, parties and thinks of funding the next party. A person in their twenties with young children or suddenly made responsible for family dependents, thinks of providing schedules. A financially trained individual would focus on income, revenue generation and collection to replenish planned expenditure. An academically trained individual, charged with the responsibility of prioritizing national development goals, thinks of outcomes. So, for all, what is needed is a guide that will help in this most essential financial development.

Foreign Direct Investment 2019

The World Bank forecasts global growth, after reaching 3.1 percent in both 2017 and 2018, is expected to decelerate over the next two years as global slack dissipates, major central banks remove policy accommodation, and the recovery in commodity exporters matures. Amid moderating international trade and tightening global financing conditions, growth in emerging market and developing economies (EMDEs) is projected to plateau, reaching 4.7 percent in 2019 and 2020, up from 4.5 percent in 2018. The International Monetary Fund (IMF): The steady expansion under way since mid-2016 continues, with global growth for 2018–19 projected to remain at its 3.7 percent for 2017 level. At the same time, however, the expansion has become less balanced and may have peaked in some major economies. Downside risks to global growth have risen in the past six months and the potential for upside surprises has receded.

Diversifying for Growth 2019

(An extract from Foreign Direct Investment 2019)

Diversification of Economic Revenue income must start with Entrepreneurs. Risk-Takers, Idea Promoters, persons with natural and developed Talents and Skills, who are found throughout the Human Race and across the world’s geography. These are the individuals, the sources, the ideas, inventions and innovations to form and build future industries. These are the people, the researchers, the students showing Talents and Skills that Grants and Scholarship Funds, and Universities pursue. International Business and Governments of Developing Countries also seek such people and their ideas to; start, change and improve Business Processes, Sectors and Industries, in the hope of Expanding Operations and Diversifying Economies, while increasing the very essential revenue income.

Governance 2019

(An extract from Foreign Direct Investment 2019)

A nation, the majority of its population, with a clear understanding of the structure and responsibility of society will benefit from lower crime rates, a fairer distribution of wealth, and many more people, for the right reasons, offering themselves for public office. An indoctrination takes place upon joining new (educational or work) institutions; outlining code of ethics and procedural guidelines to direct acceptable behavior and maintain order. Governance is even more important and necessary for nation building. Hence, the need for civics lessons throughout the voting population. This category, allocated 4.33% of the nation’s total expenditure, as reported by the office of the Auditor General 2017 and 4.49% in the 2018 revised estimates, while estimating 4.69% for 2019 up by 6.75%, as published by the Ministry of Finance, consist of positions, offices, agencies and ministries that monitors good, moral and ethical, behavior. Such as; Ministry of Public Administration with The Personnel Department, Ministry of Communications, The Judiciary & The Industrial Court, Ministry of the Attorney General and Legal Affairs, Other Heads of Expenditure involved in Governance, The Office of the Prime Minister, and The President & The Parliament.

Fiscal Policy 2019

(An extract from Foreign Direct Investment 2019)

The nation, the state, the citizenry, the people must be taught and constantly reminded to appreciate that their very well-being, their basic standard of living, and any expansion in their nation’s economy depends on sound fiscal policy. The means by which spending adjustments to Resource Preservation, Human Development, Infrastructure Management, Economic Drivers, Fiscal Policy and Governance are made bringing expenditure into line with expected revenues to influence economic growth, controlled by the elected branch of Government, the executive cabinet, under the direction of a Minister of Finance. Fiscal policy, functioning on a budgetary allocation; 30.15% of the nation’s total expenditure, as reported by the office of the Auditor General 2017 and 32.48 in the 2018 revised estimates, while estimating 30.19% for 2019 down by 4.91%, as published by the Ministry of Finance. This category, comprises the Ministry of Finance, Charges on Account of the Public Debt and Pensions and Gratuities, must focus efforts on increasing productivity and revenue collection while, reducing the nation's debt and debt servicing expense.

Economic Drivers 2019

(An extract from Foreign Direct Investment 2019)

The nation's revenue generating activities are encouraged and facilitated via Economic Drivers, which designs, implement and review the conditions for investment, employment and, the resulting, taxation earnings. Economic Drivers operated on 4.17% of the nation’s total expenditure, as reported by the office of the Auditor General 2017 and 3.39% in the 2018 revised estimates, while estimating 4.53% for 2019 up by 36.74%, as published by the Ministry of Finance. These Economic Drivers are administered by the Ministries of Planning and Development, Energy and Energy Industries, Foreign and CARICOM Affairs, Labour and Small Enterprise Development, Tourism, Trade and Industries, Agriculture, Lands and Fisheries. The resulting, taxation earnings 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.

Infrastructure Management 2019

(An extract from Foreign Direct Investment 2019)

In times of economic growth, infrastructure should be expanded. In times of economic declines, infrastructure must be preserved; efficiently utilized and maintained. The nation’s housing stock, buildings and general monuments, water and electricity supplies, roads and bridges, and other miscellaneous items needs urgent attention. Utilizing 20.40% of the nation’s total expenditure, as reported by the office of the Auditor General 2017 and 20.33% in the 2018 revised estimates, while estimating 20.74% for 2019 up by 4.36%, as published by the Ministry of Finance, the Infrastructure Management category consist of funds transferred to the Tobago House of Assembly, the Ministries of Rural Development and Local Government, Housing and Urban Development, Public Utilities, and Works and Transport.