Ministries, Departments and Agencies (MDAs) have been working assiduously to build their capacity to effect the Act in accordance with the Procurement Regulations and the requirements of the Office of Procurement Regulation (OPR). The OPR has been providing guidelines to assist MDAs in undertaking procurement activities. In this regard, the Public Sector Investment Programme 2024…
Following four years of turbulence triggered by a devastating pandemic, deepening geo-economic fragmentation, surging inflation, and widespread monetary policy tightening, the global economy in 2024 seems to be trending toward a ‘soft landing’. According to the International Monetary Fund’s (IMF) latest projections, growth for 2024 will hold steady around 3.2 percent owing to markets rebounding…
The focus of the THA is to make Tobago “the greatest little island on the planet” through the implementation of projects and programmes under the Public Sector Investment Programme (PSIP). The PSIP represents the capital expenditure component of the National Budget and is an instrument used by Government to affect its vision and policies. It…
The Social Sector Investment Programme (SSIP) remains indicative of the Government’s enduring commitment towards the social protection needs of the vulnerable population. Overall, the SSIP works to translate the Government’s vision for the sustainable development of the society into tangible programmes and projects. These projects and programmes align with the goals of the government’s overarching…
National Budget 2024/25: Steadfast and Resolute – Forging Pathways to Prosperity, Supporting Documents
The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that today the Judicial Committee of the Privy Council on appeal from the Court of Appeal of the Republic of Trinidad and Tobago, unanimously dismissed the appeal in Civil App. No. P 351 of 2023 Terrisa Dhoray v. The Attorney General and the Trinidad…
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…
