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1 week ago | 
trinidadexpress.com | Ria Taitt
The $5.6 billion deficit is expected to rise to $8.7 billion unless the Government can find new sources of revenue in this fiscal year. When Finance Minister Davendranath Tancoo presents the mid-year review today at 1.30 p.m. in the House of Representatives, at the Red House, Port of Spain, the country will know the answer to this question.
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1 week ago | 
trinidadexpress.com | Ria Taitt
The “fiscal and financial recklessness and the free-for-all” undertaken by the former PNM administration has forced the UNC Government to increase expenditure by $3.1 billion over the next three months, Finance Minister Davendranath Tancoo has said. This would bring the total appropriation for 2025 to $62.8 billion. The original budget presented last September was $59.7 billion.
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1 week ago | 
trinidadexpress.com | Ria Taitt
Saying “time was longer than twine”, Finance Minister Davendranath Tancoo is warning that jail is coming for tax evaders. “Jail is coming for some people because this UNC Government, unlike the PNM government, is not going to facilitate tax evaders,” he said, as he wound up the debate on the Trinidad and Tobago Revenue Authority Repeal bill in the House of Representatives early yesterday morning. The TTRA Repeal bill was passed by 27 votes for/11 against.
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1 week ago | 
trinidadexpress.com | Ria Taitt
Former finance minister and Member for Diego Martin North-East Colm Imbert on Friday accused Finance Minister Davendranath Tancoo and the Government of “living in la-la land”. He said the United National Congress (UNC) Government will fail in its efforts to raise revenue to run the country.
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2 weeks ago | 
trinidadexpress.com | Ria Taitt
Prime Minister Kamla Persad-Bissessar yesterday demanded an apology from former finance minister Colm Imbert for his public vendetta against the Auditor General, which brought the office of the Minister of Finance into disrepute and odium.
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2 weeks ago | 
trinidadexpress.com | Ria Taitt
Minister of Legal Affairs Saddam Hosein yesterday described as “sheer incompetence or mismanagement” the fact that 18 State companies were operating in breach of the law by not filing their annual returns with the Companies’ Registry. And two State companies had been struck off the Companies Registry because they had failed to file their annual return over a period exceeding three years.
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2 weeks ago | 
trinidadexpress.com | Ria Taitt
Opposition Leader Pennelope Beckles yesterday chastised the Government for resorting to inflammatory rhetoric and adopting a hostile posture towards Venezuela, without engaging in any diplomatic contact. Speaking at a news conference at her Charles Street office, Beckles called on the Government to clarify the situation. She said the Prime Minister’s statement of the “use of force” policy in respect of unidentified Venezuelan vessels had caused fear of potential military action.
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3 weeks ago | 
trinidadexpress.com | Ria Taitt
Opposition Senator Faris Al-Rawi has accused Prime Minister Kamla Persad-Bissessar and Ministers Barry Padarath and Saddam Hosein of making “dangerous, salacious, sensational, deliberately misleading and simply inaccurate statements” at Thursday’s post-Cabinet news conference in Port of Spain.
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3 weeks ago | 
trinidadexpress.com | Ria Taitt
PORT OF SPAIN North/St Ann’s West MP and former energy minister Stuart Young yesterday denounced the Government’s declaration of a use of deadly force policy on any unidentified vessel entering T&T waters from Venezuela. “It is the height of irresponsibility and “arguably borderline insanity”, he said in a release. Young called on the Government “to engage in proper diplomatic communications with Venezuela and to appreciate that as the Government you have to act responsibly and judiciously.
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3 weeks ago | 
trinidadexpress.com | Ria Taitt
On the eve of the April 28 general election, during April 14 and April 24, the PNM Government renewed over 360 CEPEP contracts. The contracts were renewed for a three-year period. This was revealed by Public Utilities Minister Barry Padarath at yesterday’s post-Cabinet news conference at the Red House. CEPEP previously fell under the Ministry of Rural Development and Local Government, for which former minister, now Senator, Faris Al-Rawi had responsibility.
