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.
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, 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.
The IMF noted that Trinidad and Tobago faced “unprecedented challenges in 2020-21. The combined effects of COVID-19, energy production cuts, and price shocks pushed the economy further into recession”. In the face of such challenges, the IMF concluded that “The authorities’ decisive policy response helped contain COVID-19’s spread, protectlives and livelihoods, and paved the way…
The Honourable Colm Imbert, Minister of Finance replies to questions 10 and 11 in the House Of Representatives on Wednesday 17th November, 2021.
The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that the supplementary list of Basic Food Items that will be VAT-Free (Zero-Rated) from Monday, November 1st, 2021, has been published as The Value Added Tax (Amendment to Schedule 2)(No. 2) Order, 2021; Legal Notice No. 259, dated October 29th, 2021 (attached). The Order…
The Minister of Finance, Honourable Colm Imbert, MP, wishes to advise that to give taxpayers a final opportunity to get their financial records in order and to file their tax returns, the 2021 Tax Amnesty has been extended to Friday, October 15th, 2021. It should be noted that there will be no further extension of…
The Financial Intelligence Unit of Trinidad and Tobago (“the FIUTT”) has noted content in the media, inclusive of social media, which alleges that the FIUTT is investigating specific issues.