The deficit incurred by Central Government in the first seven months of fiscal year (FY) 2017/18 was $2,909.8 million, down from the $8,991.1 million in the corresponding period a earlier.
According to the latest Monetary Policy Report from the Central Bank, the smaller deficit, was financed by borrowing primarily on the domestic capital market, some external multilateral loans and the use of the Central Bank overdraft facility.
As a result, the non-energy fiscal deficit fell to $9,233.2 million from a deficit of $12,263.6 million one year ago.
National Security Minister Edmund Dillon, and newly appointed Minister of Communications Stuart Young have met with executives of Huawei Technologies for a presentation by one of their top Executive Global Security Officers.
A government statement says this meeting was a direct follow up to the recent official visit of Prime Minister Dr Keith Rowley to the People’s Republic of China and in particular, an outcome of his visit to Huawei headquarters in Shenzhen, China, where it was agreed that Huawei would do an assessment of Trinidad and Tobago’s National Fusion Centre.
Prime Minister Dr Keith Rowley and his delegation attended a number of meetings in Sydney, Australia today, the Office of the Prime Minister said.
In the first instance, Prime Minister Rowley led his team in a meeting with Australian Export Finance (EFIC) at their headquarters in Sydney.
EFIC is Australia's export credit agency whose loans are backed by the Australian Government and geared towards assisting Australian exporters.
Government’s Property Tax will become due and payable on or before September of each year, Minister in Finance Allyson West said yesterday.
The collection deadline time of September came as West delivered a statement on the mid year-review in the Senate yesterday. It’s been speculated the tax might begin by September.
In a bid to provide shelter for the growing number of Housing Development Corporation (HDC) applicants, Prime Minister and Minister of Housing and Urban Development Dr Keith Rowley plans to inject $9 billion into the housing sector, which is expected to yield 10,000 homes in the coming months.
This was revealed yesterday by Rowley, as he delivered the feature address at the Real Spring housing development key distribution ceremony at Valsayn South.
The Government and the Anglican Church have decided to close the St Michael's School for Boys.
The decision was made via statement by the Office of the Prime Minister today.
"The Office of the Prime Minister (Gender and Child Affairs) and the Anglican Church in the Diocese of Trinidad and Tobago (the Anglican Church) are advising of the mutual decision to close the St Michael’s School for Boys (the School) located on the Diego Martin Main Road, Diego Martin.
The reason for the closure of the School is the drastic reduction in the number of residents at the School.
Trinidad and Tobago has fallen five spots on the 2018 World Press Freedom Index, from 39 in 2017 to 34 in 2018.
The index and accompanying report was released by Reporters Without Borders today.
It notes that Trinidad and Tobago’s controversial Libel and Defamation Act was partly amended in 2014, but “malicious defamatory libel known to be false” is still punishable by up to two years in prison as well as a fine.
It states that most media outlets are privately-owned but those regarded as favorable to the government get the lion’s share of state advertising.
Minister of National Security, Edmund Dillon and Attorney General, Faris Al Rawi, today held a meeting with the United Nations Resident Coordinator Richard Blewitt and Protection Officer of the United Nations High Commissioner for Refugees (UNHCR), Ruben Barbado, in light of the recent repatriation of Venezuelan citizens.