Economy
Government Finds It Difficult to Fund Healthcare: Finance Minister Colm Imbert on Rising Costs in T&T
Minister of Finance Colm Imbert noted It is getting difficult to fund the country’s rising cost of health care
une 6, 2024 – Healthcare in Trinidad and Tobago is becoming excessively expensive, according to Minister of Finance, Colm Imbert. He made these comments at yesterday’s (June 5, 2024) Standing Finance Committee on Supplemental Appropriations for the national budget.
The government is seeking to supplement the Ministry of Health by $500 million. This allocation is specifically budgeted to settle outstanding arrears within the Ministry. However, after enduring a line of questioning from the opposition about various line items, Imbert pointed out that the costs of healthcare are becoming too burdensome to bear. His statements highlight the significant financial pressures on Trinidad and Tobago’s healthcare system and the challenges of funding essential public services.
