Media Release: The Minister Finance does not control Internal Banking Decisions or Operations
The Minister of Finance has noted a lot of uninformed and speculative commentary in the public domain regarding a recent decision of Republic Bank to reduce credit card limits from US$10,000 to US$5,000 and an unfounded belief that this move by the Bank was done on the Minister’s instructions. Read more
Media Release: The FIUTT does not act without Lawful Cause
The Financial Intelligence Unit of Trinidad and Tobago (“the FIUTT”) has always applied diligence and reverence for the law in the utilization of it powers. The FIUTT therefore ensures that when requests are made to Financial Institutions and Listed Businesses for information, it has sufficient and lawful basis for doing such. Under the FIUTT Act,…
Media Release: Foreign Exchange Supply and Demand
The Minister of Finance has noted with interest an editorial in the Sunday Express regarding foreign exchange supply and demand. The editorial correctly points out that the sales of foreign exchange to the public for the first 7 months of 2023 are almost the same as the amount of forex available to the public in…
Media Release – Minister of Finance wins Appeal in the High Court brought by Ravi Balgobin Maharaj against the decision of the High Court to uphold the appointment of the NIB Chairman
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that this morning the Court of Appeal dismissed a challenge brought by Mr. Ravi Balgobin Maharaj against the Minister of Finance in relation to the appointment of Mr. Patrick Ferreira as the Chairman of the National Insurance Board of Trinidad and Tobago.In dismissing Maharaj’s…
National Budget – Guide to the Budget Process
The Budget is the Government’s financial plan for a given period. The budget states how much money the Government intends to spend during a year (expenditure), what it intends to spend it on appropriation), and where it expects to get the money to pay for that spending (revenue). The budget usually covers one year which…
Media Release: Successful, Heavily Oversubscribed, Bond Issue By The Republic Of Trinidad and Tobago of US$560 Million on the International Capital Market
On Monday September 11th, 2023, the Government of the Republic of Trinidad and Tobago, through the Ministry of Finance, successfully issued US$560 million Senior Unsecured long 7-year Notes at a coupon of 5.950% on the International Capital Market. The offer was oversubscribed by 3 times the amount required.
PUBLIC NOTICE – PAYMENT DATES FOR GOVERNMENT SALARIES AND PENSIONS FOR SEPTEMBER, 2023
The Treasury Division wishes to advise that the payment of Government Salaries and Pensions for September, 2023 will be made on the undermentioned dates