Page 8 - PNM General Election 2020 Manifesto
P. 8
THE FINANCIAL CRISIS WE MET
IN 2015 ON ASSUMING OFFICE
AND OUR MANAGEMENT OF THE
ECONOMIC AND SOCIAL CHALLENGES THAT FACED US
The Financial Crisis we met on Assuming Office in We faced very difficult and challenging
2015 and our Management of the Economic and circumstances, briefly summarized as follows.
Social Challenges that faced Us
Ø Our public finances had been eroded by
When the PNM Administration, under the the collapse of oil and gas prices in 2014,
leadership of our Prime Minister, Dr. the coupled with declining oil and gas
Honourable Keith Rowley, assumed Office in production.
September 2015 – just under 5 years ago - we
promised the citizens of Trinidad and Tobago a
transparent, honest, and accountable Ø $6 Billion left in credit to the
Government. This was necessary for establishing Government’s bank account at the
credibility and trust in the new Government after Central Bank just prior to the May 2010
5 years of mismanagement and overindulgence election, had been consumed by reckless
by the previous Administration. spending.
PNM THE RIGHT CHOICE ON AUGUST 10 People’s National Movement Manifesto 2020 5
