Finance Minister

Imbert hits back at economists again

Finance Minister Colm Imbert is once again hitting back at economists.

Speaking at a PNM rally last evening in Barataria, Minister Imbert says the government has collected more money in tax than initially projected but the economists are not accepting the figures.   

Last month, Minister Imbert criticised five economists saying they were unfair and biased when commenting on how the government is managing the economy.

And on the energy front, the Finance Minister says that while gas production is up, the government is yet to see the returns.

 

TTMA pleased Minister is considering giving manufacturers higher priority for foreign exchange

The Trinidad and Tobago Manufacturers' Association says it is extremely pleased by the Minister of Finance's pronouncements yesterday at the post-Cabinet briefing that strong consideration will be given to afford manufacturers a higher priority as it relates to access to foreign exchange.

"Such news is welcomed as foreign exchange within the manufacturing community is critical to our operations and export growth mandate," the TTMA said in a statement.

Minister clarifies true amount that Petrotrin owes the Government

Finance Minister, Colm Imbert says the amount owed by Petrotrin to the Government is 1.269 billion dollars.

The Minister issued a statement Wednesday afternoon to clear up the figures.

"To avoid any misunderstanding, the Minister of Finance wishes to clarify the NET amount of taxes and royalties owed by Petrotrin to the Government of the Republic of Trinidad and Tobago.

Imbert: Former Government hid $4.2 billion in losses by Petrotrin

Acting Minister of Energy, Finance Minister Colm Imbert has outlined the debts Petrotrin owes to the state.

The Minister told the Senate Tuesday morning that Petrotrin owes the state royalties amounting to $1.2 billion.

He added that Petrotrin owes the Board of Inland Revenue $1.78 billion.

He told the Senate that the Government only recently found out that the previous government had been hiding losses of $4.2 billion over 5 years.

Video clip below.

Finance Minister hits the road to sell US$1 billion in bonds on international market

Finance Minister Colm Imbert will leave the country next month in a bid to sell US$1 billion in bonds to financial institutions in the United States.

The Minister told today's post-Cabinet meeting that he was going to visit several cities, including New York and perhaps Los Angeles, to engage financial institutions there.

He will be accompanied by officials of the Ministry of Finance and they will market the economy of this country to the institutions.

COP Leader seeks meeting with Finance Minister on Property Tax

The Leader of the Congress of the People, Prakash Ramadhar, is seeking to meet with Finance Minister Colm Imbert to get clarification regarding Property Tax.

The COP Leader's office issued the following statement to the media today:

"The Congress of the People has written to Finance Minister, Colm Imbert, requesting a meeting between a team from the party and the Honourable Minister for the purpose of clarifying several issues regarding the Property Tax which is being implemented.

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