00:00That means that for the next decade, the people of Trinidad and Tobago will be making interest payments on a billion U.S. dollar bond of 65 million U.S. dollars annually, which is almost half a billion TT dollars payment annually on a loan on which adds absolutely no capacity to Trinidad and Tobago because it was used to refinance a previous bond.
00:27The Minister of Finance decides to come to the people of this country and say that he is not kicking the can down the road and that he is not leaving a debt burden for future generations.
00:38Folks, any right-thinking logical person can see that that is completely untrue.
00:44That bond or those annual payments are going to create a dramatic drag on the economy of Trinidad and Tobago.
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