Trinidad and Tobago Newsday
Trinidad & Tobago, W.I. - Minister of the Arts and Multiculturalism Dr Lincoln Douglas will give $190 million to cover Carnival costs, but most of it, $150 million, will be used to pay debts incurred since 2010, he told yesterday’s post-Cabinet news briefing at the Office of the Prime Minister (OPM), St Clair.
....The balance, $40 million will fund activities of the umbrella body the National Carnival Commission (NCC), plus Trinbago Unified Calypsonians Organisation (TUCO), Pan Trinbago, the National Carnival Bands Association (NCBA) and 52 regional Carnival committees, he said.
Pan Trinbago president Keith Diaz said the pan body expected to receive $33 million, of which $12.6 million has already been paid this month, with the rest due today. It was unclear where this $33 million funding was allocated from.
Of the $12.6 million Pan Trinbago has already received, $11.6 million will be paid directly to individual panists for their $1,000 per person appearance fee at Panorama. Some $12 million is for prize money, Diaz added. Further, some of the funding will be paid to help steelbands with their preparation costs and band appearance fee for Panorama. Diaz said past debts owed to Pan Trinbago, were covered by a $4 million payment last December.
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Replies
what else is new- next year will be $300 million- at least it is for we ting and not in any financier pocket- or so they say- pan trinbago - well what can i say- a fight for freeness
Wondering where all this money is going to. And what are these loans the NCC has to pay off every year?
RED INK LIKE RAIN!!! And man comparing PANORAMA to the TEN BILLION a year NFL industry.