saw the ad in the
Caribbean Times and
Receive a Special
Caribbean L 16 ife, October 16-22, 2020
And Caribbean countries that are
members of the IMF are expected to
benefit from a decision by the financial
institution based on persistent impact
of the COVID-19 pandemic to approve
a six-month extension of the temporary
increase in access limits under
its emergency financing instruments,
through April 6, 2021.
The Department of Correctional
Service (DCS) in Jamaica has reported
that 14 persons at the Tower Street
Adult Correction Center have tested
positive for COVID-19.
Of that number, the
Department said two
are staff members and
12 are inmates.
In a statement, the Department said
all COVID-19 infected persons have
been placed in isolation and contact
tracing activities are being conducted
to curtail the spread in the institution.
Minister without portfolio in the
Ministry of National Security, Matthew
Samuda said the DCS will be revisiting
its tracking measures given the situation
and release results of the COVID-
19 tests immediately instead of twice
weekly on its website.
Last week Jamaica recorded 139
Covid related deaths. The total number
of new cases has been put at 7,718 so far.
There are currently 4,239 active cases
The Trinidad and Tobago government
has presented a $TT$49.6 billion
budget for the fiscal year 2020/21 last
Minister of Finance, Colm Imbert
in presenting the budget in Parliament
last week said government was forced to
take some risks and make much-needed
amendments to the national budget in
wake of the COVID-19
a robust social support
announced major policy adjustments,
including completely removing the fuel
subsidy, privatizing the Port of Spain
National Petroleum (NP), selling its gas
station, privatizing the Port Authority,
freezing public sector hiring, contemplating
raising the retirement age to 65
and hinting utility rates.
The minister of finance said total
revenue has been budgeted at $41.7
billion, up from $34.06 billion in 2020
and total expenditure was put at $49.6
billion, $1.3 billion less than last year.
The deficit budget is put at $8.2 billion,
a hopeful half of 2020’s $1.6 billion.
The budget was based on an oil price
of US$45 a barrel and a gas price of
US$3 per mmbtu.
Continued from Page 6
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