The Tobago House of Assembly (THA) has presented a $4.3 billion budgetary estimate for the fiscal year 2012/2013. It was presented yesterday by Secretary of Finance, Dr Anselm London, at the assembly's chamber on Jerningham Street, Scarborough. The presentation was titled Developing Tobagonians in a Developing Tobago. It is the final presentation preceding the THA elections, carded for next January . Reading of the budget began at 10 am and lasted for three hours and 10 minutes. London said overall recurrent estimates amounted to $2.5 billion.
That included:
• Personnel expenditure - $761.4 million;
• goods and services - $874.3 million;
• minor equipment purchases - $57.6 million; and
• transfers and subsidies - $802.3 million.
He also noted that 2013 estimates for development programmes total $1.721 billion.
That included:
• Productive secto s - $2.7 million;
• economic infrastructure - $560.8 million;
• social infrastructure - $870.2 million; and
• multi–sectoral and other services - $287.4 million
London stressed his presentation was geared at developmental objectives which were essential to position Tobago for the future He said: "The current objectives represent an exercise in long-term planning, with each fiscal year over the next five years expected to contribute cumulatively to the journey to the new frontier, a process that will demand more of Tobagonians, if we are truly to take our place as partners in this Republic of Trinidad and Tobago." "We recognise that short-term considerations can never be ignored but we are also aware that because the most pressing of such issues have already been substantially addressed, Tobagonians must move forward, with our characteristic determination and purpose, to conquer the new development frontier."
London said the introduction of new programmes and initiatives for both the elderly and youth were forceful elements that would be initiated in the next fiscal year and those included:
• Emergency Social Response Cards;
• emergency Medic-Alert System:
• the inclusion of the Youths Energised for Success Programme;
• the Tobago Productivity Council; and
• the Young Professionals Programme,
He noted the THA was concerned with the comfort of Tobagonians with respect to home ownership and made interventions to complete houses at Roxborough, Blenheim, Castara and Adventure. London said the programme would be extended within the next fiscal year despite the institutional financial challenges. He added: "Combined with actual housing construction, the Assembly will also actively engage in the distribution of land to those Tobagonians who wish to engage in their own home construction. "In support of all this, the development programme estimates call for an allocation of $285 million for housing and settlements in fiscal 2013. "Tobagonians must know that while the Central Government is able to engage in long-term borrowing to finance home construction, the Assembly is not afforded that luxury and must finance all such activity with up-front cash and from its budgetary allocation."
London said the THA would also be engaging in a very significant transformative element, using technology to protect locals and foreigners alike to enhance security on the island. He added: "In collaboration with the national security services, the Assembly will invest in a system across the length and breadth of Tobago, literally, such as cameras linked to an information system, used in countries, such as the United Kingdom, and will allow for the protection of the citizen in all public spaces. The THA cannot be cavalier with security. It is our intention that the word 'safe' in clean, green, safe and serene must ring through with sincerity," he said. London stressed that the overarching objective would be to upgrade Tobagonians through education and training, with the use of international educational institutions, such as Harvard and MIT.