Madame Speaker, I am authorised by the Cabinet to make this statement on fuel prices. At the time that the 2022 Budget Estimates were finalized in September 2021, the price of oil was just over US$70 per barrel. This price subsequently dropped to $65 per barrel at the end of November 2021.
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…
Question No. 107 to the Minister of FinanceRegarding the 2021 NIB Report, where a 10.4% increase in NIS contributors, a 3.74% decrease in contribution income and a steady increase in beneficiaries lead to the NIB’s need to withdraw over $1Bn from its investments to pay benefits to citizens in 2021, can the Minister provide a…
On Monday March 14, 2022, the Honourable Colm Imbert, Minister of Finance, presented instruments of appointment to the first Board of the Gambling (Gaming and Betting) Control Commission (the Commission).The Commission forms part of the regulatory framework which the Government has put in place to address the social concerns arising out of the proliferation of…
The Honourable Brian Manning M.P., Minister in the Ministry of Finance has commenced discussions with members of the Trade Union Movement of Trinidad and Tobago on the proposed increase in the compulsory age of retirement from sixty (60) to sixty-five (65) years.
The Minister of Finance, Hon. Colm Imbert, MP, has taken note of inaccurate information and misconceptions in the public domain regarding the performance and status of the National Insurance System.The Annual Report of the National Insurance Board (NIB) for 2021 was laid in Parliament today.
This Public Notice is issued pursuant to Section 29 of the Valuation of Land Act Chap. 58:03 of the Laws of the Republic of Trinidad and Tobago. The Commissioner of Valuations wishes to advise every person in possession of residential land, commercial land, agricultural land or a combination of any of the above (mixed use)…
The Court of Appeal today handed down its decision on an appeal filed by Devant Maharaj in 2017 in which he was challenging a data collection exercise commenced by the Commissioner of Valuations in 2017. The Court of Appeal’s decision made it clear that nothing in their decision was intended to apply to or affect…
The Minister of Finance, Hon. Colm Imbert, MP, has taken note of statements made today (December 31, 2021), by members of the Opposition UNC regarding the alleged approval by the Minister of Finance of special licences for the M.V. Ocean Pelican and/or Adrian Scoon. For the record, the Minister of Finance did NOT approve the…
The Minister of Finance, the Honorable Colm Imbert, MP, wishes to address statements reported in Thursday’s edition of the Newsday that were reportedly made by Mark Edgehill, President of the Coalition of Service Industries, before the Joint Select Committee (JSC) on Social Services and Public Administration on Wednesday 8th December, 2021.