2020 – Ministry of Finance https://www.finance.gov.tt Government of the Republic of Trinidad & Tobago Thu, 28 Mar 2024 14:47:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 The Honourable Colm Imbert, Minister of Finance Keynote Address at the CAF Webinar on Pension and Health Care Systems on Wednesday 9th June, 2021 https://www.finance.gov.tt/2021/06/09/the-honourable-colm-imbert-minister-of-finance-keynote-address-at-the-caf-webinar-on-pension-and-health-care-systems-on-wednesday-9th-june-2021/ Wed, 09 Jun 2021 15:05:15 +0000 https://www.finance.gov.tt/?p=38882 Read More+

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In Trinidad and Tobago, when we first launched our National Insurance Scheme (NIS) in April 1972, almost 50 years ago, the scheme offered two benefits – a Retirement Grant and Funeral Grant.
The NIS Retirement Pension was introduced in 1975 and in 1977 the first payment of this Pension was paid to 1,143 persons at a total cost of TT$2 million, or about US$800,000 at the time.

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]]> Heritage and Stabilisation Fund (HSF) Quarterly Investment Report – October 2020 – December 2020 https://www.finance.gov.tt/2021/03/29/heritage-and-stabilisation-fund-hsf-quarterly-investment-report-october-2020-december-2020/ Mon, 29 Mar 2021 14:27:38 +0000 https://www.finance.gov.tt/?p=38625 Click to view ]]> Annual Report on the operations of the Financial Intelligence Unit of Trinidad and Tobago 2020 https://www.finance.gov.tt/2021/03/09/financial-intelligence-unit-of-trinidad-and-tobago-annual-report-2020/ Tue, 09 Mar 2021 18:06:44 +0000 https://www.finance.gov.tt/?p=38566 In this year, Trinidad and Tobago was very successful in strengthening the Anti-Money Laundering, Countering the Financing of Terrorism and Countering Proliferation Financing (AML/CFT/CPF) regime. In particular, the enormous efforts made by all stakeholders working together to achieve Trinidad and Tobago’s removal from the Financial Action Task Force’s (FATF) “grey list”.

Further, due to Trinidad and Tobago being placed in the FATF ICRG process as a result of Trinidad and Tobago’s 4th Rd Mutual Evaluation Report with strategic deficiencies, the FIUTT was placed in Procedural Trigger 3 of the Support and Compliance Process for deficiencies cited in the Egmont Group’s Principles in the Exchange of Information document and FATF’s Recommendation 40. In January 2020, the Director (Ag.) attended the Egmont Working Groups and Committee Meetings and made representations, which resulted in the FIUTT successfully being removed from the process by the Egmont Membership, Support, and Compliance Working Group (MSCWG).

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]]> Contracts Awarded by the Central Tenders Board for the month of December, 2020 https://www.finance.gov.tt/2021/01/15/contracts-awarded-by-the-central-tenders-board-for-the-month-of-december-2020/ Fri, 15 Jan 2021 16:53:16 +0000 https://www.finance.gov.tt/?p=38332 Click to view ]]> Public Notice – Treasury Building Closure December 31st, 2020 https://www.finance.gov.tt/2020/12/30/public-notice-treasury-building-closure-december-31st-2020/ Wed, 30 Dec 2020 17:46:18 +0000 https://www.finance.gov.tt/?p=38306 The Treasury Division wishes to notify members of the public that the Treasury Building, located at #1 St. Vincent Street Port-of-Spain, will be closed tomorrow, Thursday December 31st, 2020 at 1:00 p.m., for pest control spraying.

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]]> Media Release: Re-Appointment of Dr. Alvin Hilaire as Governor of the Central Bank of Trinidad and Tobago https://www.finance.gov.tt/2020/12/23/media-release-re-appointment-of-dr-alvin-hilaire-as-governor-of-the-central-bank-of-trinidad-and-tobago/ Wed, 23 Dec 2020 21:29:13 +0000 https://www.finance.gov.tt/?p=38302 On Wednesday 23rd December, 2020, the Hon. Colm Imbert, Minister of Finance, presented instruments of appointment to Dr. Alvin Hilaire as Governor of the Central Bank of Trinidad & Tobago (CBTT), for a term of three (3) years.

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]]> Public Notice – Inland Revenue Division Closure of Cashiers’ Units December 2020 https://www.finance.gov.tt/2020/12/23/public-notice-inland-revenue-division-closure-of-cashiers-units-december-2020/ Wed, 23 Dec 2020 14:54:23 +0000 https://www.finance.gov.tt/?p=38298 Click to view ]]> MEDIA RELEASE: EXPRESS EDITORIAL ON CENTRAL BANK GROSSLY INACCURATE https://www.finance.gov.tt/2020/12/18/media-release-express-editorial-on-central-bank-grossly-inaccurate/ Fri, 18 Dec 2020 17:02:02 +0000 https://www.finance.gov.tt/?p=38295 The Minister of Finance, the Hon. Colm Imbert, M.P., has taken note of an editorial in Daily Express of Wednesday December 16, 2020, which defied logic.

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]]> PUBLIC NOTICE – TREASURY DIVISON BUSINESS HOURS FOR COUNTER SERVICES https://www.finance.gov.tt/2020/12/17/public-notice-treasury-divison-business-hours-for-counter-services/ Thu, 17 Dec 2020 10:00:25 +0000 https://www.finance.gov.tt/?p=38291 The Treasury Division wishes to notify members of the public that the following hours of business will apply for its Counter Services on Thursday 24th December, 2020 and Thursday 31st December, 2020.

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]]> PRESS RELEASE – THE ARGUMENTS AGAINST THE AMENDMENTS TO THE PUBLIC PROCUREMENT ACT , ARE NOT BASED ON FACTS, LOGIC, OR INTERNATIONAL BEST PRACTICE https://www.finance.gov.tt/2020/12/07/press-release-the-arguments-against-the-amendments-to-the-public-procurement-act-are-not-based-on-facts-logic-or-international-best-practice/ Mon, 07 Dec 2020 14:05:06 +0000 https://www.finance.gov.tt/?p=38282 Read More+

]]> The Minister of Finance, Hon. Colm Imbert, M.P., has taken note of commentary in the media regarding the proposed amendments to Section 7 of the Public Procurement and Disposal of Public Property Act, which would have the effect of excluding Government to Government contracts from the ambit of the Office of Procurement Regulation, in particular calls by interested parties to the Government to withdraw or defer the amendments, for further discussions with stakeholders.

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