CHESTER SAMBRANO
Lead Editor – Newsgathering
Mayaro MP Rushton Paray says the recent withdrawal of US$160.38 million from the Heritage and Stabilisation Fund (HSF) by the Government should sound alarm bells across the nation.
In a statement today, MP Paray said this significant depletion of national savings raises serious concerns about the PNM’s fiscal management, and what he called “misplaced priorities”.
“Speculation suggests this withdrawal may be intended to cover public sector salaries, which starkly highlights a dire cash flow crisis. Continuously tapping into the HSF during non-crisis periods is not only unsustainable but also exemplifies the Rowley administration's gross mismanagement. This reckless approach imperils the long-term stability and economic future of Trinidad and Tobago,” MP Paray said.
“Th PNM Government’s lack of strategic planning, visionless leadership, and fiscal irresponsibility are leading to the catastrophic disintegration of our economy,” he added.
The Mayaro MP said it is imperative that the Government provides full transparency regarding the use of these funds and urgently outlines a robust plan to address the underlying economic issues without further depleting the national reserves.