Government of the Republic of Trinidad and Tobago

Media Release: Inaccurate Claims being made by the MP for Naparima on Deposits to the Heritage and Stabilisation Fund

The Minister of Finance, Hon Colm Imbert, MP, has taken note of inaccurate and misleading statements made in a press release issued by the Opposition MP for Naparima about deposits to the Heritage and Stabilisation Fund (HSF).

For the record, the aggregate of supplemental petroleum tax, petroleum profits tax and royalties for the period October 1, 2021, to December 31, 2021 (i.e. the first quarter of fiscal 2022) was $103.3 million less than the official estimates of revenue in the 2022 Budget for THAT particular quarter.