The political leader of the Congress of the People says Monday’s budget failed to address urgent measures needed to transform the country's economy.
According to Carolyn Seepersad-Bachan, the fiscal measures announced only appear to achieve short term political gains, as opposed to sustainable development.
She said the government's macroeconomic position was out of sync with reality.
Opposition Leader Kamla Persad-Bissessar has questioned whether or not Finance Minister Colm Imbert personally benefitted from tax exemptions on a 55-million-dollar housing project resulting from a bill he passed.
At the United National Congress Monday Night Forum in St Helena, Persad-Bissessar said Minister Imbert and his wife Suzanne Williams Imbert became the directors of a company called Belgrave Properties Limited in 2012, which owned properties at 61, 63 and 65 Picton Street, Port-of-Spain.
Minister of Finance and MP for Diego Martin North/ East Colm Imbert has announced that budget day is Monday 7th October.
As the sitting of Parliament resumed today, the AG made the announcement that the 2018/2019 budget will be read on that day.
Opposition Leader Kamla Persad-Bissessar is calling on the Finance Minister to say whether the International Monetary Fund (IMF) has been invited to T&T for its annual Article IV review.
Addressing supporters at the UNC's Monday Night Forum at the Chaguanas South Secondary School in Chaguanas, Persad-Bissessar questioned whether Finance Minister Colm Imbert was afraid of what an IMF review will reveal.
Put your taxes in order via Government’s upcoming three-month tax amnesty, because future amnesties are unlikely.
This was Finance Minister Colm Imbert’s warning in his mid-year review yesterday as he announced the amnesty on all forms of taxation.
The measure was the only one announced in Imbert’s “good news” review, where he painted a glowing picture of the economy, gave assurances on recent concerns about BPTT’s gas supplies for Atlantic LNG’s Train One - and hit critics and commentators.
Government will not adjust the subsidy cushioning the price of diesel.
Addressing members of the Trinidad Union Club at a luncheon at the Kapok Hotel in Cascade this afternoon, Finance Minister, Colm Imbert, placated concerns that an adjustment in the price of diesel, which costs TT$3.41 per litre, would affect the price of goods.
Imbert said rolling back the fuel subsidy to raise the price of diesel would have a knock-on effect on the price of goods and services.
Finance Minister Colm Imbert is today saying that there is no need for panic over Caribbean Airlines' fleet of aircraft.
In a statement issued Tuesday, the minister said that he notes with dismay that the Trinidad Express of Tuesday March 12th, 2019 "has once again resorted to hysteria, distortion of facts and illogical reasoning in its story headlined “CAL’s plan to lease 12 jets causing panic”.
Finance Minister Colm Imbert is denying a media report that his ministry has been “arbitrarily” determining funding for Carnival whilst having no transparent processes for application and receipt of Carnival funding by entities.
In a statement issued Tuesday morning, the ministry said that all requests for funding to the ministry must be document-supported and submitted by clear deadlines.
It’s official—the Prime Minister’s televised presentations on Sunday and Monday have kickstarted the ruling PNM’s political campaign for the three elections ahead, starting with Local Government polls expected by year end.
Finance Minister Colm Imbert confirmed this on CNC3’s Morning Brew while referring to Prime Minister Keith Rowley’s addresses.
He emphasised it was not a campaign launch in the sense of a “rally” but, “the fact is, this is an election year”.