In a scathing critique of the 2025/2026 budget, Opposition Leader Pennelope Beckles has accused the UNC-led government of steering Trinidad and Tobago toward economic collapse. Speaking at the Red House in Port of Spain on October 17, Beckles, the first female PNM leader to deliver such a response, outlined a series of alarming strategies she claims the government is employing. These include imposing punitive taxes on citizens and businesses, depleting foreign exchange reserves, and misleading the public with unrealistic economic projections. Beckles described the budget as ‘fake and fraudulent,’ citing discrepancies in fiscal deficit calculations and a lack of credible revenue sources. She also criticized the government’s reliance on borrowing, particularly foreign debt, which she warned could exacerbate the country’s fiscal crisis. Beckles highlighted the draconian tax increases on locally manufactured rum and beer, which she argued unfairly target ordinary citizens. She further accused the government of political interference in state enterprises and financial institutions, warning that such actions could jeopardize public savings. Beckles concluded by promising that the PNM would work to rebuild the nation, emphasizing the need for stability and competence in governance.