Foreign contracts will bring in forex

Does it come from underselling local non-renewable assets? Does it come from sweetheart tax holiday deals given to foreign billionaires? Does it come from patronising high pseudo-national security spending? Does is come from borrowing forex to pay off borrowed forex loans?

Does it come from taxing consumers to prop up market advantage for big businesses? Or does it come from TT selling services and manufactured goods to foreign countries for payment in forex?

That the Government has dwindled forex import cover to just half a year is traction for more emphasis on getting contract work from foreign countries to replenish forex stocks. But the Government isn’t focused on doing that.

Finance Minister Colm Imbert is focused on raising indigenous TT dollar taxes as if the TT dollar is forex. The Government should be doing what it advises people who lose their job to do. It should get into the global market and seek to get the country high-paying contracts to earn forex.

Importing global billionaires to set up shop here to feed on TT is the opposite of getting foreign contracts to earn forex. Foreign contract work will pay TT forex.

Whereas importing foreign billionaires to set up their businesses here will feed the billionaires forex.

TT currency has lost value at $7.6 to US$1 under this Government.

Will it lose value at $10 or $12 to US$1 by 2020?

B JOSEPH via email