Former Energy Minister Kevin Ramnarine says Finance Minister Colm Imbert's statement on the financial situation at Petrotrin is misleading.
The former Minister says the minister ought to have been more responsible.
The following is Ramnarine's statement.
"The March 6th 2017 statement by the Minister of Finance regarding the accounts of Petrotrin is misleading. It also suggests that the Minister has now arrogated onto himself the role of the external auditor of Petrotrin.
The facts are as follows:
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.
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 Colm Imbert has flipped the script from his famous dare to the Opposition in March 2015 to "Come Outside", to a call today for them to "Come Inside" as Opposition members stayed away from the House during debate on the controversial FATCA Bill.
"I appeal to them again, as I appealed in the past. I appeal to the Opposition members again, 'Come downstairs. Come Inside. Come Inside, Why are you outside?" Imbert said today while winding up debate on the legislation.
SEE VIDEO BELOW
Finance Minister Colm Imbert says his workload was too heavy and he was grateful for Prime Minister Keith Rowley’s “intervention” in appointing Minister in the Office of the Prime Minister PM, Stuart Young, to chair the Cabinet’s Finance and General Purposes sub-committee .
“His intervention has taken a lot of pressure off of me,”Imbert said yesterday denying he was being punished for his performance and recent controversies including his “0-0-0” wage restraint statements and “rioting” quip about gas price hikes.