Finance Minister Colm Imbert says the Government has taken no decision on a "wage freeze", but instead, a wage restraint.
The Minister says his comments this morning were taken out of context.
He had announced this morning that in upcoming negotiations for public servants, the Government would offer zero percent from 2017 to 2020.
His announcement drew the ire of the president of the Public Services Association (PSA) Watson Duke, who described the Minister as "Pharoah" at an earlier news conference.
There will be no wage increases for public servants for the negotiation period 2017 to 2020.
Finance Minister Colm Imbert has today announced a zero-percent wage offer for the public sector.
The announcement was made at the International Monetary Fund (IMF) forum at the Hyatt Regency this morning.
The minister was part of a panel of global and regional leaders discussing the economic challenges facing the region.
In the audience was Jamaica Prime Minister Andrew Holness and Dr Warren Smith, President of the Caribbean Development Bank.
Minister of Finance, Colm Imbert is refuting an article in a Sunday newspaper related to NLCB.
The Ministry of Finance issued a statement this morning in relation to the article in the Sunday Express.
Finance Minister Colm Imbert is seeking to clear the air on a news report he says misrepresented what he told journalists at Thursday's post-Cabinet news conference.
The following is a statement sent by the Ministry of Finance on the matter.
"The Minister of Finance has taken note of an article in the Daily Express Newspaper of October 28, 2016, entitled “Punishment on Punishment” and a headline “Gas Dealers Defy Colm”.
The article is inaccurate and based on a false premise.
Finance Minister Colm Imbert says he expects a reply from the United States' Treasury sometime next week on the Government's request for an extension of the deadline to become FATCA compliant.
The Minister told a news conference after the breakdown of the debate today, that the Government could not allow the bill to go to a vote and fail because it would have taken another six months before it could have been brought back to Parliament.
Finance Minister Colm Imbert has said that the revenue this country earned from petroleum in 2016, amounted to just $1.7 billion compared to $19.3 billion two years ago in 2014.
He said when other shortfalls are taken into account, this government had $20 billion less to run the economy, than when the previous government was in office.
He made the revelation at a public meeting in Mt Dor last evening, saying he had only just got the figures.
Finance Minister Colm Imbert says the People's Partnership Government chose not to pass the FATCA legislation when it had the majority it needed in Parliament to do so.
The Minister has issued a statement giving his position on the FATCA controversy.
"The Hon. Colm Imbert, Minister of Finance, has noted comments in the public domain which indicate a complete misunderstanding of the real issues with respect to the Foreign Account Taxpayer Compliance Act (FATCA) legislation currently before the Parliament.
The 2017 National Budget of Trinidad and Tobago, will be presented in the Parliament by the Minister of Finance, Colm Imbert on Friday 30th September, 2016 at 1:30 p.m.
The confirmation came from the Ministry of Finance this afternoon.
September 30th is the very last day of this country's financial year, which runs from October 1st to September 30th.
After the Budget is read, it will be debated in both the House of Representatives and the Senate before it can be effected,
A four-member team of the Tobago House of Assembly (THA) will meet Finance Minister Colm Imbert and other senior officers of his ministry on Wednesday to have pre-budget discussions on Tobago’s 2017 budget requests.
The meeting takes place at the Ministry of Finance starting at 1 pm, the THA said.
The Assembly’s team will be led by Chief Secretary Orville London and includes Finance Secretary Assemblyman Joel Jack, Chief Administrator Raye Sandy and Administrator in the Division of Finance Claire Davidson-Williams.