October 15, 2025- Controversy has flared following the presentation of Trinidad and Tobago’s 2026 National Budget, with former Finance Minister Colm Imbert publicly challenging a measure related to local food taxation.
Taking to social media, Imbert described the provision as “nonsense,” raising questions about the budget’s approach to Value Added Tax (VAT) and its potential impact on everyday consumers. His comments have sparked debate among economists, business leaders, and the public, who are now scrutinizing the budget for unintended consequences on household expenses.
The Minister of Finance, Davendranath Tancoo, is yet to respond to Imbert’s critique, but the exchange highlights the intense scrutiny the budget faces as citizens and stakeholders assess its implications for the economy.
