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Country still in great debt

Published: 
Tuesday, September 25, 2018
Former CB governor at awards:
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Former Central Bank governor Ewart Williams receives the Chaconia Medal (Gold) from President Paula-Mae Weekes during the National Awards Ceremony at NAPA, Port-of-Spain, last evening. Photo by:DARREN RAMPERSAD

Former Central Bank governor Ewart Williams has said that while the economy is improving, the country still in significant debt.

“The economy is turning around slowly in the sense that we are getting some good news from the energy sector. And I think if you look far enough, I think confidence in the private sector seems to be improving somewhat,” said Williams at the National Academy for the Performing Arts on Monday.

He said issues there continued to be major.problems within the public sector.

“The problem is the public sector is an issue. You’re in the middle of Petrotrin and the debt is still an issue. Therefore the budget still requires significant adjustment,” said the former governor.

“People tend to be looking good times now, I don’t think you can expect good times now because we still have a serious debt problem that we need to deal with,” he added.

Williams was awarded with the Chaconia Medal (Gold) at yesterday’s National Awards ceremony.

He said he was humbled by the award adding: “It is a recognition that you did something that contributed in some way to improving the the public,” said Williams.

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