00:00was to receive our allocations quarterly or block in advance so it means that you
00:05must give me at the beginning of the quarter in whole every quarter right so
00:11that you have the money there so you can spend for that that's right right rather
00:14than a secretary finance I cannot tell you when I'm going to receive my next
00:19allocation not allocation next tranche of releases as a matter of fact we only
00:23received for January and February we received that last week
00:29mrs. Petaland Roberts during a morning show program in Tobago said the
00:34overdraft interest facing the THA is in the millions but I can't tell you when I
00:40would receive much that is that is what is happening in this space and then I
00:44have to activate an overdraft facility which is very costly yes 8% yeah with
00:50the bank and the overdraft interest is something that I don't cater for in the
00:55draft we don't cater for that in the job because we can't really tell how much it
00:59is and we can't make a provision for it because we expect according to the law
01:06to receive allocations in a particular way the finance secretary said suppliers
01:11have complained about delays in payments and there is reason for this so when
01:17persons are quarreling and complaining about the lack of payments it's a result
01:23of how we receive the allocations from Trinidad so that's a real pain for us
01:29I've spoken to the minister about it and the impact of that because we have
01:34overdraft interest right now an accumulation of it of about 50 million
01:39dollars TV 6 News reached out to finance minister column in bird via text for a
01:45response and up to news time was still awaiting a comment Elizabeth Williams
01:50TV 6 News
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