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…
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.
MEDIA RELEASE – OVER 30,000 INDIVIDUAL INCOME TAX REFUND CHEQUES OUT FOR DELIVERY
Based on representation and requests made by members of the general public, the Minister of Finance, Hon. Colm Imbert, M.P., recently authorized the Board of Inland Revenue to pay all individual income tax refunds of up to $20,000 or less.
MEDIA RELEASE- Over 30,000 individual income tax refund cheques out for delivery
Based on representation and requests made by members of the general public, the Minister of Finance, Hon. Colm Imbert, M.P., recently authorised the Board of Inland Revenue to pay all individual income tax refunds of up to $20,000 or less. READ MORE
Media Release: S&P affirms Trinidad and Tobago’s investment grade rating based on financial resiliency
Today, Standard & Poor’s, the rating agency, has affirmed Trinidad and Tobago’s BBB-credit rating, with a stable outlook. The Honourable Minister of Finance underscores the fact that ‘S&P’s affirmation of our credit rating is a positive development and Trinidad and Tobago is one of the few Investment Grade countries within the Latin America and Caribbean…
MEDIA RELEASE – THE TRUE FACTS IN THE MATTER OF TERISSA DHORAY V ATTORNEY GENERAL OF TRINIDAD AND TOBAGO (THE TRINIDAD AND TOBAGO REVENUE AUTHORITY MATTER)
The Minister of Finance, the Honourable Colm Imbert, MP, has taken note of a press release issued by the Public Services Association (PSA) regarding a decision which the Minister made yesterday, which is related to the active case of Terissa Dhoray v the Attorney General of Trinidad And Tobago (The Trinidad and Tobago Revenue Authority…
Media Release: Moody’s Investors Services improves Trinidad and Tobago’s credit rating outlook from stable to positive
Today, Moody’s Investors Services, one of the premier international rating agencies which rank the creditworthiness of borrowers, in particular sovereign governments, has affirmed the Ba2 rating of Trinidad and Tobago, but moved Trinidad and Tobago’s outlook upwards from stable to POSITIVE. CLICK HERE FOR FULL MEDIA RELEASE
Media Release: The Ministry of Finance does not Approve or Condone Breaches of the Financial Laws and Regulations
The Minister of Finance has taken note of statements attributed to Mr. Gary Griffith, former Commissioner of Police, and current Political Leader of the National Transformation Alliance (NTA), in the Trinidad Guardian Newspaper of Saturday, July 1st, 2023 that the Government and/or Ministry of Finance “approved” various items of expenditure at the TTPS while he…