Prime Minister Dr. Keith Rowley says he is committed to ensuring that Trinidad and Tobago does not have to go to the International Monetary Fund (IMF) for balance of payments support.
Rowley said the IMF will dictate major cuts in transfers and subsidies.
“It is better for us to take small doses of pain rather than go to the IMF,” the Prime Minister said during the debate on the budgetary measures.
He said T&T can manage its own “landing.”
“We have a chance to do what is necessary to avoid that,” Rowley said.
He insisted that the Government has been engaging in public consultations.
On another matter, he said the Government has turned down a recommendation to turn Clico assets into a State enterprise.
Earlier, Finance Minister Colm Imbert said the Government will liquidate Clico’s assets.
In his contribution, Opposition Member of Parliament Dr. Suruj Rambachan questioned the plans to sell Clico’s assets, including the profitable Angostura.