Today, the Cabinet approved the composition of a Team recommended by the Minister of Finance to investigate the understatement of revenue for the financial year 2023 and related matters. The Investigation Team will be chaired by retired High Court Judge Justice David Harris and will include Mr. David C. Benjamin, a former Audit Director at…
The Public Service Commission has promoted Mrs. Suzette Taylor-Lee Chee in the office of Permanent Secretary, Ministry of Finance and Ms. Yasmin Harris in the office of Comptroller of Customs and Excise, Customs and Excise Division, Ministry of Finance. On Thursday 25th April 2024, the Commission presented Mrs. Taylor-Lee Chee and Ms. Harris with their…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that on April 5, 2024, he signed into law, with the agreement of the Office of Procurement Regulation (“OPR”), the Public Procurement and Disposal of Public Property (Simplified Procurement) Regulations, 2024, that is applicable to the procurement of all goods, services and works valued…
Good evening, ladies and gentlemen.I am delighted to be here to mark the launch of the Trinidad and Tobago Mortgage Bank, as it represents a significant milestone in the Government’s thrust to offer to deserving and eligible citizens of Trinidad and Tobago mortgage instruments which could propel them from being renters at the mercy of…
Madam Speaker, I am authorized by Cabinet to make the following statement regarding the implementation of Property Tax in Trinidad and Tobago. The Government has been making steady progress in the implementation of Property Tax. To this end, we are currently at the stage where Notices of Tax Assessments under the Property Tax Act, have…
The Minister of Finance, Hon. Colm Imbert, MP, is encouraged and heartened by the Staff Concluding Statement of the recent IMF 2024 Article IV Mission to Trinidad and Tobago, which predicts a positive medium-term outlook for Trinidad and Tobago. The IMF’s 2024 Article IV visit to Trinidad and Tobago occurred between February 28, 2024, to…
The Minister of Finance, Hon. Colm Imbert, MP, has taken note of a misconception in the public domain regarding the Government’s decision on the 117th Report of the Salaries Review Commission. It must be emphasised that the 117th SRC Report is the result of a job evaluation exercise that has taken over a decade to…
CAF -Development Bank of Latin America and the Caribbean- approved a donation of USD 250,000 for Trinidad and Tobago, which will assist in alleviating the effects of the oil spill that has affected the coast of Tobago, damaged its beaches, reefs, and threatened the local tourism industry. In a letter addressed to Keith Rowley, Prime Minister of…
The Minister of Finance, Hon. Colm Imbert, MP, has taken note of media coverage of a recent discussion in a Joint Select Committee of Parliament (JSC) where an Opposition MP proposed the imposition of new taxes on cultural artistes. The Minister of Tourism and Culture has already debunked the false narrative that that Opposition MP’s…
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that the data so far on the recent NIF2 $400 million 5-year bond issue, which was offered to the public at an interest rate of 4.5% per annum, shows that NIF2 has been a tremendous success. NIF2 was designed to provide all citizens with…