On Friday September 13th the Minister of Finance led a debate on the Miscellaneous Provisions (Global Forum): Bill, 2024 that involved both Government and Opposition. On Saturday September 14th and Sunday September 15th, the Trinidad Newsday and Trinidad Express carried coverage of the debate and astonishingly reported the Opposition’s false allegations in the debate in…
Madam Speaker, I am authorized by Cabinet to make the following statement on the Special Report of the Auditor General on the Public Accounts for the Financial Year 2023. Following the public statements made by the Auditor General with respect to her original report on the 2023 Accounts, her baseless assertion that the Ministry of…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that today, Standard and Poors, the international credit rating agency, has affirmed Trinidad and Tobago’s credit rating at BBB-, an Investment Grade Rating reflective of the country’s credit strength. S&P has also maintained its stable outlook for Trinidad and Tobago. The country’s strong external…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that on August 28, 2024, he signed both the Central Bank (Deposit Insurance) Order, 2024 and the Central Bank (Deposit Insurance Coverage Limited) Order, 2024, which were both published on August 29, 2024 as Legal Notice Nos. 159 and 160 of 2024, respectively (see…
It’s my pleasure to further the cause of making financial inclusion a national priority. Over the last few years, through in-depth surveys, we have been able to gather significant information on the state of financial inclusion in Trinidad and Tobago.Financial inclusion means that individuals and businesses have easy access to affordable and useful financial products…
The Minister of Finance, Hon. Colm Imbert, MP, has taken note of a very misleading article in today’s Trinidad Guardian newspaper entitled “Government Borrows $14B in 9 months” This article gives an entirely false impression that as a result of massive Government borrowing, the public debt increased by over $14 billion between October 2023 and…
The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that the time period for the Board of Inland Revenue to issue Notices of Assessment of Property Tax has been extended from June 30, 2024, to July 31, 2024, vide Legal Notice No. 115 of 2024 (see the Legal Notice attached). This has become…
The Minister of Finance, Hon. Colm Imbert, MP, has taken note of the decision of the Court of Appeal today in the matter of Jaiwante Ramdass (the Auditor General) – v – The Minister of Finance and the Cabinet of the Republic of Trinidad and Tobago regarding an investigation into issues associated with the Report…
Madam Speaker, I am authorized by Cabinet to make the following Statement on the Report of the Auditor General on the Consolidated Financial Statements of the Trinidad and Tobago Unit Trust Corporation for the year ended December 31, 2023. In accordance with Section 30, subsections (6) and (7) of the Unit Trust Corporation of Trinidad…