Minister of Finance

LOTTO agents threaten shutdown

The Trinidad and Tobago Lotto Agents Association (TTLAA) is calling on the Minister of Finance Colm Imbert to intervene in the running of the National Lotteries Control Board (NLCB) or their members would desist from selling lottery tickets and return the machines to the control board.

In a press conference today, the TTLAA president, Allen Campbell, described the lotteries governing agency as a" runaway horse". He said the NLCB continues to give agents conflicting information and unilaterally suppressing their machines.

CEPEP workers ‘tricked’, less money allocated in budget

One of the ma­jor talk­ing points com­ing out of the $53 bil­lion 2020 bud­get de­liv­ered by Fi­nance Min­is­ter Colm Im­bert last week Mon­day (Oct 7th) was the in­crease in salaries for CEPEP (Com­mu­ni­ty-Based En­vi­ron­men­tal Pro­tec­tion and En­hance­ment Pro­gramme) and URP Un­em­ploy­ment Re­lief Pro­gramme) work­ers of 15 per cent.

The move was hailed by some as a good one but crit­i­cized by oth­ers as be­ing a lo­cal gov­ern­ment elec­tion ploy.

Marla not being drawn into war of words with Finance Minister

Economist Marla Dukharan is making it clear she has no intention of being dragged into a war of words with Finance Minister Colm Imbert. 

Yesterday, RBC’s former senior economist shot into the spotlight after the minister said his statement about a ‘sterile discussion’ was directed to her and not to the audience at the Chamber of Industry and Commerce’s post-Budget discussion. 

But even with shifting blame game and public interest in the matter, Dukheran says it’s time to move on.

Imbert: It is clear people want to pay the Property Tax

Finance Minister Colm Imbert says it is clear to the Ministry of Finance that people are willing to pay the Property Tax and he said that's why the Cabinet has agreed to extend the deadline for submission of forms to June 5th.

Speaking at today's post-Cabinet media conference, Minister Imbert said the fact that people are lining up to submit the forms, shows that they have not acceded to the calls by some to "rip up forms" and not pay the tax.

The Minister told the media that 60,000 forms were submitted last week and another 90,000 this week ahead of the May 22nd deadline.

Finance Minister clears air on "inaccurate" newspaper article

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. 

Imbert: We now await the US Treasury's response to our request for an extension

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.

Imbert: Attorney General's VAT figure is wrong

Minister of Finance, Colm Imbert says Attorney General Faris Al Rawi's claim that uncollected VAT amounts to $12 billion, is not correct.

"I don't know exactly where the Attorney General got that figure from but that's not the figure I have," Minister Imbert told today's post-Cabinet media conference.

The AG made the comments as he addressed the Chamber of Industry and Commerce on Wednesday.

Hear what the AG said