Govt must tackle wasteful spending

AI Summary

An editorial argues that Trinidad and Tobago's governments have prioritized spending before securing revenue, leaving taxpayers to bear the cost when income falls short. It calls for action on wasteful spending and highlights reliance on taxation, borrowing, and energy revenues.

For decades, successive governments have approached national budgeting backwards. They determine expenditure first, then scramble to increase revenue through taxation, borrowing, or the hope of higher energy prices. When revenue falls short, taxpayers are left carrying the burden of another…