Trinidad and Tobago Tourism Budget Allocation Draws Criticism from Industry
What happened
The government of Trinidad and Tobago allocated a budget to support the tourism sector. Lorraine Pouchet, president of The Trinidad & Tobago Incoming Tour Operators Association, stated that the allocation falls short of what is needed to diversify the economy away from oil and gas. Pouchet noted that Trinidad Tourism Ltd. was allocated $19 million, with approximately $15 million designated for recurrent expenditure, leaving only about $4 million for development activities like marketing and training.
From guardian.co.tt
Why it matters
Industry stakeholders view the budget allocation as inadequate to support tourism's role in national economic diversification. Pouchet argued that the limited funds for critical development activities do not reflect a serious commitment to tourism as a key economic driver for Trinidad and Tobago.
From guardian.co.tt
Who's involved
- Trinidad and TobagoThe sovereign state whose economic systems are managed by the government.
- governmentThe governing body of Trinidad and Tobago that allocated the tourism budget.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Trinidad and TobagoSpeculative
The nation might face reduced investment and slower revenue growth in the tourism sector due to insufficient government funding.
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The entities involved
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Trinidad and Tobago
island sovereign state in the Caribbean
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government
system or group of people governing an organized community, often a state