Confidence returning to T&T economy

In its first national budget presentation, the new Trinidad and Tobago coalition government, has said that confidence is returning to the economy.  

The country's finances have been helped by higher-than-expected oil prices, which Finance Minister Winston Dookeran, said should lead to economic growth of 2.5% this year, following a 3.5% slump in 2009.

Mr. Dookeran told parliament that the improving climate, accompanied by increased private sector and state investment, can lead to even better things.    

“In other words the potential for investment and capital formation in Trinidad and Tobago could create an amount of $20 billion in this fiscal year. If realized this will create an economic growth rate of between three to four percent and begin the turning around of the Trinidad and Tobago economy,” Minister Dookeran said.