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This legal notice, dated April 2026, establishes new procedures for paying fixed traffic penalties in Trinidad and Tobago. Citizens can pay via cash, electronic means, online platforms, or voucher systems. Approved payees include the Licensing Authority and the Trinidad and Tobago Postal Corporation. Payments are accepted at designated “Corporate Shops” and specific Licensing Offices listed in the schedules, or via the Licensing Authority’s website. This Order revokes the previous 2020 regulations.

Legal Notice No. 271 of 2026, issued by the Minister of Transport and Civil Aviation, amends Regulation 27 of the Motor Vehicles and Road Traffic Regulations. Key changes include redefining inspection requirements for rental cars and removing specific weight restrictions for certain vehicles. Additionally, it expands inspection authority to include Transport Officers. This amendment, made under section 100 of the Act, is subject to negative resolution of Parliament.

The 2025 Auditor General’s Report for Trinidad and Tobago provides a qualified opinion on the nation’s public accounts. Key concerns include material reconciliatory differences in tax revenue totaling $36.56 billion and $1.59 billion in unverified expenditures. The report highlights a significant $51.9 billion overdraft in the Exchequer Account and a rising public debt of $117.5 billion, representing 191% of total revenue. It also notes unauthorized fund usage within the Ministry of Housing.

The 74th Westminster Seminar on Effective Parliaments, held March 9–13, 2026, brought together Commonwealth representatives to enhance legislative oversight and scrutiny. Trinidad and Tobago’s delegation participated in comparative sessions on parliamentary systems and discussions on standards, diversity, and artificial intelligence. Key recommendations for Trinidad and Tobago include strengthening committee procedures, improving enforcement of codes of conduct, and expanding research support for Members. The seminar emphasized that institutional strength relies on clear processes and consistent standards.

The 2023 audited financial statements for MIC Institute of Technology Limited reveal a $19.7 million net loss, an increase from the previous year. Auditors issued a qualified opinion due to insufficient records for the National Skills Development and HYPE programs. With current liabilities exceeding assets by $173.7 million, the company faces a material uncertainty regarding its status as a going concern, remaining heavily reliant on government subventions to maintain operations and settle its significant related-party debts.

For the fiscal year ending September 30, 2021, the NTA reported a deficit of TT$14.47 million, bringing its total accumulated loss to TT$18.20 million. While government grants increased to TT$14.59 million, total assets declined to TT$11.13 million. Despite these financial challenges, auditors issued a fair presentation opinion, and management maintains a going-concern outlook.

The National Training Agency’s (NTA) 2020 financial report reveals a challenging year, with total income at TT$13.9M against TT$30.9M in expenses, leading to a TT$17.0M deficit. High personnel costs (TT$26.0M) and reduced government grants shifted the agency from a surplus to an accumulated loss of TT$3.7M. Despite pandemic-related operational disruptions and ongoing labor disputes, auditors issued an unqualified opinion, confirming the statements fairly present the NTA’s financial position under IFRS standards as a going concern.

The National Training Agency’s (NTA) 2019 financial statements, audited by Moore, show a significant deficit of TT$16.8 million, widening from TT$8.1 million in 2018. This was largely due to a sharp decline in government grants, which fell from TT$26.7 million to TT$12.9 million. Total assets decreased to TT$36.3 million, and accumulated surplus dropped to TT$13.3 million. Despite these challenges, management maintains the agency is a going concern, supported by ongoing government funding.

The National Training Agency’s (NTA) 2018 financial statements, audited by Moore Chartered Accountants, show a total asset value of TT$50,365,762, a decrease from TT$56,031,643 in 2017. The agency reported a deficit of TT$8,056,821 for the year. Primary income stemmed from government grants totaling TT$26,739,083. Major expenses included payroll and related costs at TT$29,274,088. Despite the deficit, management affirms the NTA’s status as a going concern, supported by ongoing government funding.

The National Training Agency (NTA) 2017 financial statements report a transition from an $8.4 million surplus in 2016 to a $12.1 million deficit in 2017. This decline was primarily driven by a significant reduction in government grants, which fell from $51.7 million to $27.9 million. Despite the deficit, the NTA maintained a strong cash position of $48.5 million. Management and auditors confirmed the Agency remains a going concern, continuing its role regulating technical and vocational training in Trinidad and Tobago.

The National Training Agency (NTA), a government body in Trinidad and Tobago, reported a surplus of $8,449,781 for the fiscal year ending September 30, 2016. Total income reached $54,481,210, primarily driven by $51.7 million in government grants. Total assets were valued at $65,613,851, with cash reserves increasing significantly to $57,674,283. Notably, these financial results exclude the On-the-Job Training (OJT) Programme, which was transferred to another ministry in late 2015.

The audited financial statements of the National Training Agency (NTA) for the year ended September 30, 2015. The NTA, a government body in Trinidad and Tobago, regulates technical and vocational training and manages the On-the-Job Training (OJT) Programme. Auditors issued a qualified opinion due to missing trainee contracts and identification forms, preventing full verification of $212 million in OJT stipends. Despite this, the NTA reported a $46.3 million surplus, primarily funded by $362 million in government grants.

The Central Bank of Trinidad and Tobago’s 2025 Annual Report details its progress in promoting monetary stability and financial sector development. Key achievements include modernizing electronic payment systems, enhancing data analytics with the new Economic DataPack, and increasing deposit insurance coverage to $200,000. The Bank also focused on climate-resilient financial systems and digital infrastructure. The Auditor General provided an unqualified opinion, confirming the financial statements fairly represent the Bank’s position as of September 30, 2025.

Evolving TecKnologies and Enterprise Development Company Limited (e TecK) reported a total comprehensive loss of $205.1 million for 2023, primarily due to a $262.7 million downward fair value adjustment on investment properties. Despite this, revenue grew to $84.5 million. Total assets decreased to $2.65 billion, with investment properties—including the Trinidad Hilton and Phoenix Park—comprising the bulk of value. The company remains a going concern through continued financial support and debt servicing from the Government of Trinidad and Tobago.

The 2025 financial statements for the National Information and Communication Technology Company Limited (iGovTT) report a total comprehensive loss of $26.8 million. While total income decreased to $26.5 million , total assets grew to $227.1 million, primarily due to a significant increase in accounts receivable. Cash reserves declined to $85.3 million. Moore provided an unqualified audit opinion, confirming the statements fairly present the company’s financial position and performance.

The 2025 financial statements for The National Payment & Innovation Company of Trinidad & Tobago Limited (NPICTT) report a profit of $73,805, a decrease from $138,460 in 2024. While government grant income rose to $13.67 million, total operating expenses also increased significantly to $13.67 million.

The company’s mandate remains focused on digitalizing government payments and establishing a local FinTech hub. Total assets grew to $14.5 million, primarily comprising $13.0 million in cash and cash equivalents. Grant Thornton issued an unqualified audit opinion, confirming the statements fairly represent NPICTT’s financial position.

For the fiscal year ended September 30, 2025, National Enterprises Limited (NEL) achieved a net profit of $15.3 million, a significant recovery from the $348.7 million loss in 2024. This turnaround was driven by a rise in dividend income to $128.7 million and a substantial reduction in unrealized losses on financial assets, which fell to $118.8 million from $464.7 million.

The company maintained a strong financial position with total assets of $2.62 billion, primarily composed of strategic investments in subsidiaries and associates. Despite the improved profit, total equity decreased slightly to $2.61 billion following the payment of $102 million in dividends to shareholders. Cash and cash equivalents grew significantly to $132.1 million, enhancing liquidity. BDO issued an unqualified audit opinion, identifying the fair value of unquoted investments as a key audit matter.

The 2024 Consolidated Financial Statements for National Flour Mills Limited (NFM) report a robust year, with profit for the year increasing to $44.2 million, up from $35.5 million in 2023. Despite a slight decline in revenue to $523.4 million , gross profit rose to $161.2 million due to significantly lower costs of sales. Total equity grew to $329.5 million , and the group declared $12.0 million in dividends. The independent auditor, PwC, issued an unqualified opinion, though they highlighted the impairment assessment of group assets as a key audit matter.

The 2024 financial statements for Development Finance Limited (DFL) report a profit of $13.16 million, a decrease from $15.03 million in 2023. Despite this, total assets grew to $1.17 billion, driven by an increase in investment securities to $855.99 million. Liabilities also rose to $898.92 million, primarily due to higher customer deposits of $629.45 million. The company remains a going concern, maintaining a strong capital position with total equity of $273.95 million.

The 2025 Annual Report for the Financial Intelligence Unit of Trinidad and Tobago (FIUTT) highlights its 15th year combating money laundering and terrorism financing. Key achievements include processing 1,523 suspicious transaction reports totaling over TT$1.2 billion and conducting 26 compliance examinations. The unit also expanded its oversight to include certain Non-Profit Organizations. Strategic priorities focus on digitizing operations and preparing for the 2026 Caribbean Financial Action Task Force mutual evaluation.

This Regulation extends the period within which the holder of a driver’s permit can renew such permit from one month before expiration to three months before expiration.

This document is the 2018 audited financial report for the Vehicle Management Corporation of Trinidad and Tobago Limited (VMCOTT). It details a net income of $709,262, achieved primarily through government deficit funding. Despite this, a material uncertainty regarding its status as a going concern exists due to an accumulated deficit of $89,115,506.

The 2017 audited financial statements for the Vehicle Management Corporation of Trinidad and Tobago (VMCOTT) report a **net loss of $9,782,795**. Total assets were valued at **$45,194,642**. Auditors highlighted a **material uncertainty** regarding its status as a going concern, citing an accumulated deficit of **$89,824,768** and heavy reliance on government deficit funding for operations.

The 2023 audited financial statements for the Telecommunications Authority of Trinidad and Tobago (TATT) report a net surplus of $53,846,090, a 12% increase from 2022. Total income grew to $113,048,607, driven primarily by license and concession fees. While total assets remained stable at $211,363,319, the Authority is required to pay its entire annual surplus into the government’s Consolidated Fund.

The 2022 audited financial statements for the Telecommunications Authority of Trinidad and Tobago (TATT) show a net surplus of $48,220,132. Total income reached $107,316,914, primarily from license fees. The Authority maintained total assets of $211,733,398. Under the Telecommunications Act, the entire annual surplus is recognized as a liability payable to the government’s Consolidated Fund.

The 2025 Annual Report details the Integrity Commission of Trinidad and Tobago’s significant progress in strengthening governance. Key achievements include clearing a decade-long backlog of financial declarations and launching major digitalization initiatives. Despite budgetary constraints and legislative hurdles, the Commission advanced its mandate through rigorous enforcement, investigative efficiency, and expanded public education.

For the financial year ending June 2025, the National Insurance Board reported a 5.30% rebound in contribution income, totaling $5 billion. While the number of insured contributors slightly declined to 473,707, benefit recipients increased to 230,722. Significant operational milestones included the successful EMPOWER digital transformation and a government amnesty that recovered $120.7 million in arrears.

The 2025 Auditor General’s report for the Heritage and Stabilisation Fund issued a clean opinion, confirming the financial statements fairly represent the Fund’s position under International Financial Reporting Standards. During the fiscal year, the Fund’s net assets grew to US$6.09 billion, driven by a total comprehensive income of US$632.5 million, despite no new capital contributions being made.

The audited financial statements for National Schools Dietary Services Limited (NSDSL) as of September 30, 2025, show a stable financial position. The company, established by the Trinidad and Tobago government, manages the School Nutrition Programme. For 2025, revenue from government grants totalled $253.3 million, with a net profit of $405 after taxation. Total assets were $26.6 million, primarily held in cash resources. Auditors issued an unqualified opinion, confirming compliance with IFRS standards.

This document presents the 2023 consolidated financial statements for Trinidad & Tobago National Petroleum Marketing Company Limited. The Group reported a profit of TT$69.3 million, a significant increase from 2022. Auditors issued an unqualified opinion, confirming the statements fairly represent the company’s financial position as of March 31, 2023.

The YTEPP Limited Administrative Report 2021-2022 details the institution’s post-pandemic recovery and the launch of its 2021-2024 Strategic Plan. Key achievements include enrolling 1,259 trainees in core programs and officially opening the Institute of Culinary Arts. The report outlines four strategic goals focused on market-driven research, quality TVET delivery, student success, and sustainable partnerships. Through innovative initiatives like mobile training units and entrepreneurial campuses, YTEPP continues to provide “sustainable career pathways” for at-risk youth and displaced workers.

The Ministry of Finance’s Annual Administrative Report for fiscal year 2022-2023 details the ministry’s performance in managing Trinidad and Tobago’s economy. Guided by core values like integrity and transparency, the Ministry focused on revenue management, budget planning, and national fiscal policy. Key divisions, including Budget and Treasury, executed significant initiatives such as the 2023/2024 National Budget preparation and public financial reforms. The report underscores a commitment to economic stability and modernizing public financial systems.

This document presents the 2021 audited financial statements for National Quarries Company Limited. Auditors issued …

National Enterprises Limited (NEL) is a Trinidad and Tobago-based investment holding company that manages state shareholdings in various enterprises. The 2024 Administrative Report highlights its mission to provide capital growth and broaden national participation in capital markets. While operating profit before fair value adjustments reached $120.4 million, the company reported a net loss of $348.7 million attributable to equity holders. Despite this, NEL paid $234 million in dividends, maintaining its commitment to shareholder value.

The 47th Annual Report of the Ombudsman of Trinidad and Tobago (2024) details the office’s mission to resolve complaints of administrative injustice against 231 public bodies. In 2024, the office managed 3,609 complaints, with 1,686 being new. Key issues included significant delays in processing retirement benefits and payments, often due to systemic weaknesses in government departments. To ensure accountability, the Ombudsman utilized constitutional tools like summons and site visits to compel cooperation from unresponsive state agencies.

The 2016 financial report for the Children’s Life Fund, a Trinidad and Tobago charitable organization, indicates a fair presentation of its financial position. The Fund reported a deficit of $10,548,507 for the year, primarily due to a significant decrease in government subventions. Total assets decreased to $60,280,707, with a notable emphasis on an ongoing legal matter regarding $85,237.32 in misappropriated funds detected in 2014. The Fund continues to provide critical medical support for children.

The 2023 Auditor General?s report for the National Academy for the Performing Arts (NAPA) issued a clean opinion, stating the financial performance was presented fairly in all material respects. Key findings noted that while NAPA generated over $1.2 million from auditorium rentals, no government subventions were deposited into its accounts, and expenditures were limited primarily to caution fee refunds.

The 2014 Auditor General?s report for the National Institute of Higher Education (Research, Science and Technology) (NIHERST) resulted in a disclaimer of opinion. This was due to significant non-compliance with International Accounting Standard (IAS) 8, specifically involving unsupported prior-period adjustments and missing disclosures. These issues undermined the reliability and comparability of the financial statements, preventing the Auditor General from obtaining sufficient evidence to form an audit opinion.

The 2013 Auditor General’s report on the Mayaro/Rio Claro Regional Corporation issued an adverse opinion due to significant financial reporting failures. The Corporation incorrectly claimed compliance with International Financial Reporting Standards despite failing to recognize key assets like land, buildings, and vehicles. Additionally, several financial figures could not be verified because essential supporting documentation was missing.

The Motor Vehicles and Road Traffic (Amendment to the Ninth Schedule) (No. 3) Order, 2025, effective January 1, 2026, significantly increases fixed penalties for various traffic offenses. Many fines, including those for common violations, have been doubled. For instance, penalties originally set at $1,000 were increased to $2,000, while others rose from $2,000 to $4,000 to encourage stricter road safety compliance.

The Motor Vehicles and Road Traffic (Amendment to the Ninth Schedule) (No. 3) Order, 2025, effective January 1, 2026, significantly increases fixed penalties for various traffic offenses. Many fines, including those for common violations, have been doubled. For instance, penalties originally set at $1,000 were increased to $2,000, while others rose from $2,000 to $4,000 to encourage stricter road safety compliance.

In fiscal 2022-2023, YTEPP Limited celebrated 35 years of providing technical vocational education and training. Key highlights included expanding the Retraining Programme for displaced workers and the Rehabilitating Inmates through Training and Retraining initiative. Despite minor enrollment decreases in some sectors, the company maintained a wide array of Caribbean Vocational Qualification (CVQ) courses, ranging from agro-processing to heavy machinery operations.

In 2024, the Statutory Authorities Service Commission processed 2,264 human resource matters, identifying that 63% failed to meet procedural guidelines. Key achievements included filling several senior leadership roles?such as Chief Executive Officers and Deputy Managers?using merit-based, competency assessments. Despite these gains, the Commission faced challenges with limited resources and administrative delays within the Municipal Police Service. Looking forward, the 2025 strategic focus will prioritize improving compliance and enhancing communication with statutory authorities4444.

The July 2014 Colman Report attributes the Hindu Credit Union?s collapse to massive financial mismanagement and the issuance of illegal loans to unprofitable subsidiaries. These internal failures were exacerbated by inadequate regulatory oversight from the Commissioner for Co-operative Development. Ultimately, a 2005 rescue agreement with CLICO failed, leaving the institution unable to meet its significant depositor liabilities.

The Anti-Terrorism Unit (ATU) was established in 2019 to fulfill Trinidad and Tobago’s international obligations regarding terrorism and terrorism financing1. Between 2024 and 2025, the ATU secured 156 High Court orders, resulting in 490 individuals and entities being designated as listed entities with frozen assets. Strategic goals emphasize strengthening national compliance with global standards, enhancing inter-agency cooperation through Task Force Charlie, and filling key staff vacancies to improve operational efficiency.

In fiscal 2023-2024, the Ministry of Finance successfully finalized the national budget and managed a total general debt of $140.6 billion. Key achievements included collecting $127 million in property taxes and processing 2,617 acting appointments. Despite these successes, the Ministry identified critical challenges, specifically ongoing staffing shortages and the need for upgraded IT infrastructure.

The Priority Bus Route (Special Roads Toll) (Amendment) Regulations, 2025, increase the permit fee for authorized use of the route. Effective January 1, 2026, the cost for a permit is doubled from three hundred dollars to six hundred dollars. This amendment was issued by the Minister of Transport and Civil Aviation under the Motor Vehicles and Road Traffic Act.

The Motor Vehicles and Road Traffic (Amendment) (No. 2) Regulations, 2025, effective January 1, 2026, increase various traffic-related fees. Notable changes include doubling the cost for specific permits and doubling the fees for driving tests. These amendments modify the existing Sixth Schedule of the principal regulations to update the financial requirements for licensing and road use.

The Motor Vehicles and Road Traffic (Amendment to the Ninth Schedule) (No. 3) Order, 2025, effective January 1, 2026, significantly increases fixed penalties for various traffic offenses. Many fines, including those for common violations, have been doubled. For instance, penalties originally set at $1,000 were increased to $2,000, while others rose from $2,000 to $4,000 to encourage stricter road safety compliance.

The Immigration (Amendment) (No. 2) Regulations, 2025, effective January 1, 2026, introduce revised fees for various immigration services. Key updates include a $500 fee for replacing lost or stolen adult passports and a $2,000 charge for mutilated ones. Additionally, the regulations establish new costs for expedited passport processing, multiple-entry visas, and maritime vessel clearance services.

The Immigration (Amendment) Regulations, 2025, specifically amend Regulation 9(6)(i) of the existing 1974 legislative framework. The update clarifies the status of children of immigrants who hold permits under section 10 of the Immigration Act. These regulations, signed by Minister R. Alexander, are scheduled for implementation following parliamentary review.

The Firearms (Amendment) Regulations, 2025, effective January 1, 2026, introduce a revised fee structure for various firearm-related authorizations. Under the new schedule, a standard Firearm User?s Licence costs $600, while a shotgun-specific licence is $480. Additional fees are set for dealer and gunsmith licences, as well as import and export permits for individual firearms.

The Firearms (Amendment) Regulations, 2025, effective January 1, 2026, introduce a revised fee structure for various firearm-related authorizations. Under the new schedule, a standard Firearm User?s Licence costs $600, while a shotgun-specific licence is $480. Additional fees are set for dealer and gunsmith licences, as well as import and export permits for individual firearms.

The 2025 Amendment to the Animals (Importation) Control Regulations updates the fee structure for importing animals into Trinidad and Tobago. Effective January 1, 2026, it mandates revised inspection fees for livestock and pets, alongside increased overtime charges for inspectors. Additionally, new flat rates are established for import and export permits concerning live animals and commercial animal products.

The Virtual Assets and Virtual Asset Service Providers (Forms and Fees) Regulations, 2025, outline the legal requirements for Virtual Asset Service Providers (VASPs) to notify the Commission of their activities. It introduces four standard forms for existing VASP notifications, cessations of activity, and applications for Regulatory Sandbox entry. Schedule 2 details the specific fee structure applicable to these various virtual asset services and certifications.

Effective January 1, 2026, the Value Added Tax (Amendment to Schedule 2) (No. 3) Order, 2025, restricts zero-rating for electric vehicles to those with a C.I.F. value under $400,000. It also extends the age limit for imported used vehicles and adds various agricultural, beekeeping, and chocolate-processing machinery to the list of tax-exempt goods to support local industry.

Effective January 1, 2026, the National Insurance (Contribution) (Amendment) Regulations, 2025, establish new contribution rates for various earnings classes. The updated schedule specifies weekly, monthly, and quarterly payments for voluntary contributors based on assumed average weekly earnings. These changes ensure the national insurance system remains aligned with current economic data and social security requirements for the upcoming period.

In this official notification dated October 3, 2025, President Christine Carla Kangaloo nominated Assistant Commissioner of Police Curt Simon to act as Deputy Commissioner of Police. This temporary appointment covers the absence of Deputy Commissioner Suzette Martin, who attended an international conference in Denver, Colorado, from October 16 to 22, 2025.

In this official notification dated October 3, 2025, President Christine Carla Kangaloo nominated Deputy Commissioner of Police Junior Benjamin to act as Commissioner of Police. This temporary appointment covers the absence of Commissioner Allister Guevarro, who attended an international conference in Denver, Colorado, from October 16 to 22, 2025.

Volume III of the 2024 Public Accounts presents the financial statements for funds administered by various Ministries and Departments, primarily focusing on the Infrastructure Development Fund (Head 701)1111. The report details project-specific allocations, actual expenditures, and variances, such as the $4.9 million spent on upgrading the Port of Spain Magistrates’ Court2222. It provides oversight of large-scale social and physical infrastructure projects across the public service3.

Volume II Part B of the 2024 Public Accounts contains the Appropriation Accounts for several Ministries and Departments, including Labour, Public Utilities, and the Police Service1111. It details original financial estimates versus actual expenditures, identifying variances often caused by vacant posts or suppressed spending due to economic constraints2222. The report also documents internal controls, noting any overpayments or unvouched expenditures3333.

Volume II Part A of the 2024 Public Accounts contains the Appropriation Accounts for various Ministries and Departments in Trinidad and Tobago1. It details original estimates versus actual expenditure for heads including the President, Auditor General, and Ministry of Finance2222. The report identifies significant variances in personnel expenditure and development programmes, while documenting internal controls such as bank reconciliations and unpresented cheques3333.

The Seventeenth Report of the Public Accounts Committee examines the Auditor General?s findings on the Regulated Industries Commission. It details the Treasury?s 2024 accounts, including public debt and revenue variances. Key updates include the transition to the Integrated Financial Management Information System and a new electronic cheque clearing process to modernize government transactions and improve financial reconciliation efficiency.

The Auditor General issued an unmodified opinion on the 2016 financial statements of the Children’s Life Fund Authority, confirming they present fairly the Authority’s financial position and performance. The audit, conducted under international standards, verified the Statement of Financial Position and cash flows for the year ending September 30, 2016. Management remained responsible for internal controls, and the final report was submitted to Parliament and the Minister of Finance in November 2025.

The Auditor General issued an unmodified opinion on the 2015 financial statements of the Children?s Life Fund Authority, confirming they present fairly the Authority’s financial position. Supported by $1,245,400 in government subventions and rent-free premises from the Ministry of Health, the Authority reported $323,352 in cash. Management remained responsible for internal controls, with no significant subsequent events reported.

The Auditor General issued an unmodified (clean) opinion on the 2014 financial statements of the Children?s Life Fund Authority, stating they present fairly the Authority’s financial position and performance1. The Authority reported total assets of $147,986 and an accumulated deficit of $195,018 for the year2. Key expenses included $171,813 in professional fees and $104,000 for accounting and audit fees3. The report also noted a prior-period adjustment of $200,000 due to an uncollectible subvention from 20124.

The Auditor General issued an adverse opinion on the 2011 financial statements of the San Fernando City Corporation due to significant accounting departures1. Major issues included the improper use of “consolidated” statements 2222, overstating accounts receivable by $27 million in uncollectible rates 3, and failing to capitalize public community assets4. Additionally, over $15 million in expenditure lacked supporting documentation5.

The Auditor General issued an adverse opinion on the 2015 financial statements of the Institute of Marine Affairs due to material discrepancies1111. Key issues included $4.4 million in unsupported prior-year adjustments, $59.4 million in unverified deferred income, and $1.1 million in unsubstantiated retentions2222. Additionally, the Institute incorrectly grouped dissimilar financial balances, violating international accounting standards3.

The Auditor General issued an adverse opinion on the 2007 financial statements of the Point Fortin Borough Corporation due to significant accounting discrepancies. Key issues included unreconciled cash differences exceeding $3 million, missing valuation reports for land, and $1.8 million in unsupported payment vouchers. Additionally, statutory requirements were unmet, including missing meeting minutes and unauthorized short-term investments3333.

The Auditor General?s report confirms that the Statement of Recovery of Expenses for the Ministry of Energy and Energy Industries for 2024 presents fairly the costs associated with administering the petroleum industry. Total recoverable expenses include personnel expenditure, goods and services, and a $20.8 million rent assessment for the Ministry’s International Waterfront Centre headquarters. All figures were verified against Ministry records.

The Auditor General?s report confirms the non-receipt of financial statements from the San Juan/Laventille Regional Corporation for the fiscal years 2018 through 20241111. Consequently, the Auditor General was unable to fulfill the statutory obligation to audit the Corporation?s accounts as mandated by the Municipal Corporations Act2222. This report has been submitted to Parliament and the Minister of Finance3.

The Auditor General?s report confirms the non-receipt of financial statements from the Sangre Grande Regional Corporation for the fiscal years 2015 through 20241. As a result, the Auditor General was unable to fulfill the statutory requirement to audit the Corporation?s accounts2. This report has been submitted to Parliament and the Minister of Finance to address the ongoing lack of financial accountability3.

The Auditor General?s report highlights the non-receipt of financial statements from the Diego Martin Borough Corporation for the fiscal years 2009 through 20241. Due to this failure, the Auditor General was unable to audit the Corporation?s accounts as required by the Municipal Corporations Act2. This report has been submitted to Parliament and the Minister of Finance to address the lack of statutory compliance3.

The Economic Sanctions (Implementation of United Nations Resolutions on the Democratic People’s Republic of Korea) (Amendment) Order, 2025, strengthens asset-freezing measures1. It expands the definition of frozen property to include assets derived from those owned by listed entities or individuals acting on their behalf2. The order also clarifies reporting requirements for financial institutions and the process for varying court orders3.

The Counter-Proliferation Financing Regulations, 2025, outline compliance requirements for financial institutions and listed businesses to prevent the financing of weapons of mass destruction1. These regulations establish procedures for designating compliance officers, reporting suspicious activities to the FIUTT, and maintaining records2. Additionally, they define a formula-based system for calculating administrative fines for non-compliance3.

The Customs (Import Duty) (Caribbean Common Market) (Amendment) Order, 2025, revises import duty rates for specific goods entering Trinidad and Tobago from the Caribbean Common Market1. Key changes include a duty of $72.38 per kilogram for cigars and $10.52 per pack of 20 cigarettes2. It also sets new rates for various spirits, such as vodka and liqueurs, at $336.20 per litre of alcohol3.

The Value Added Tax (Amendment to Schedule 2) (No. 2) Order, 2025, expands the list of zero-rated items in Trinidad and Tobago1. Effective October 17, 2025, several goods including table salt, cocoa powder, coconut water, vanilla essence, and locally produced vegetables like tomatoes and lettuce are exempt from VAT2. This amendment aims to reduce the cost of these essential food items3.

The Value Added Tax (Amendment to Schedule 2) (No. 2) Order, 2025, expands the list of zero-rated items in Trinidad and Tobago. Effective October 17, 2025, several goods including table salt, cocoa powder, coconut water, vanilla essence, and locally produced vegetables like tomatoes and lettuce are exempt from VAT. This amendment aims to reduce the cost of these essential food items.

The Value Added Tax (Amendment to Schedule 2) (No. 2) Order, 2025, expands the list of zero-rated items in Trinidad and Tobago1. Effective October 17, 2025, several goods including table salt, cocoa powder, coconut water, vanilla essence, and locally produced vegetables like tomatoes and lettuce are exempt from VAT2. This amendment aims to reduce the cost of these essential food items3.

The Excise Duty (Alcoholic Beverages) (Amendment) (No. 2) Order, 2025, updates tax rates for various alcoholic products in Trinidad and Tobago. It establishes new duties for items including stout and beer at $10.28 per litre. Spirits like rum, whiskey, gin, and vodka are set at a rate of $336.20 per litre of alcohol.

The Excise Duty (Alcoholic Beverages) (Amendment) (No. 2) Order, 2025, updates tax rates for various alcoholic products in Trinidad and Tobago1. It establishes new duties for items including stout and beer at $10.28 per litre2. Spirits like rum, whiskey, gin, and vodka are set at a rate of $336.20 per litre of alcohol3.

The Land Acquisition (Requisition) Order, 2025, authorizes the state to acquire approximately 40.49 hectares of land at Cove Estate, Tobago1. Formerly belonging to the Tobago Race Club Limited, this land is required for public purposes, specifically for establishing a housing settlement and expanding nearby villages2. The order was signed on October 23, 20253.

This 2025 Order declares the United Nations Convention against Transnational Organised Crime as a mutual legal assistance arrangement between Trinidad and Tobago and several non-commonwealth countries1. Specified nations include Brazil, Chile, Ecuador, Germany, Mexico, and the Kingdom of the Netherlands222222222. It facilitates cooperation on criminal matters falling within the treaty’s scope3.

In fiscal year 2021/2022, exporTT Limited focused on its mandate as Trinidad and Tobago’s sole national export facilitation organization. Key activities included capacity building, training 130 participants, and providing grant funding through its Research and Development Facility. The organization aimed to diversify and penetrate non-energy markets via trade missions and market research.

In 2024, Trinidad and Tobago?s Counter-Trafficking Unit (CTU) modernized its operations by implementing a digital case management system and relocating to a new facility111111111. Vulnerable migrants, primarily Venezuelan nationals, remained the most frequent victims of sexual exploitation2. The CTU initiated 156 investigations and conducted extensive public awareness campaigns, including youth competitions and radio programs, to combat human trafficking3333333333333333.

In 2023, Trinidad and Tobago recorded its first conviction under the Trafficking in Persons Act1. The Counter-Trafficking Unit initiated 144 investigations, identifying 43 female Venezuelan nationals as victims of sexual exploitation, including 10 minors2222. Efforts included a comprehensive digital awareness campaign reaching over 71,000 people and expanded staff training in foreign languages and investigations333333333.

This Ombudsman’s report addresses systemic delays by the National Maintenance Training and Security Company (MTS) in paying retirement benefits. Despite constitutional mandates, retirees have faced financial and medical hardships, with some waiting over two years for lawful payments. The report cites poor financial forecasting and governance as core causes for these administrative injustices.

In 2024, the Environmental Management Authority (EMA) focused on achieving “Greater Compliance for a Greener Future” by aligning with the National Environmental Policy (NEP) 2018.

In fiscal 2022/2023, Trinidad and Tobago?s Ministry of National Security focused on institutional strengthening and proactive law enforcement. Key accomplishments included a 97.4% increase in joint mobile patrols, 2,416 vacant positions filled, and a 77.8% rise in personnel training. The Ministry also launched a Public Alert Notification System and expanded the Fraud Squad.

In fiscal year 2021/2022, Trinidad and Tobago’s Ministry of National Security focused on strengthening its apparatus through 2,415 recruitments and increased training. Key achievements included opening the St. Clair Police Station, launching the National Drug Policy 2021-2025, and commissioning a female rehabilitation learning centre. Serious crime detection rose by 10.7%.

In fiscal 2020/2021, Trinidad and Tobago’s Ministry of National Security focused on border management and technological modernization. Key achievements included operationalizing the Electronic Monitoring Unit (EMU) for offender tracking , approving a 2021-2025 National Drug Policy , and acquiring two Cape Class patrol vessels. The Ministry also managed a Venezuelan re-registration exercise and successful border reopening.

Trinidad and Tobago?s Ministry of National Security focused on crime management and COVID-19 response during the 2019/2020 fiscal year. Achievements included launching a Gender-Based Violence Unit, a mobile reporting app, and online passport services. The Ministry also managed national re-entry protocols and maintained a “Tier 2” human trafficking response ranking.

The 2018/2019 Administrative Report for Trinidad and Tobago’s Ministry of National Security outlines its mission to advance national development through safer society initiatives. Key accomplishments include acquiring Coast Guard patrol vessels, upgrading police and fire stations, establishing a Multi-Agency Task Force, and implementing a Migrant Registration Framework for Venezuelan nationals.

The Administrative Report of National Flour Mills Limited for the year ended December 31, 2024 outlines the company?s operational performance, governance, and strategic initiatives. It highlights production activities, market conditions, financial management, and sustainability efforts, while emphasizing resilience, efficiency improvements, and continued commitment to food security and long-term corporate growth.

The National Training Agency?s 2022/2023 Administrative Report highlights progress in TVET development, including expanded qualifications, industry collaboration, quality assurance, labour market research, and apprenticeship reform. Despite operational challenges, the NTA strengthened standards, improved stakeholder engagement, supported workforce certification, and advanced strategic initiatives aimed at building a skilled, competitive, and future-ready national workforce.

The Administrative Report of the Accreditation Council of Trinidad and Tobago (Oct 2023?Sept 2024) outlines financial performance and operations, showing stable government subventions, increased fee-based income, and higher expenditure driven by goods and services, equipment, and transfers. Despite revenue growth, increased spending resulted in an overall recurrent deficit for the period.

During 2024, the Teaching Service Commission worked assiduously to improve its efficiency and effectiveness in carrying out its constitutional mandate to appoint, promote, transfer and discipline officers in the Teaching Service. Key priorities included strengthening recruitment processes, advancing regulatory reform, and enhancing stakeholder engagement to support effective schooling nationwide.

The Police Service Commission continued to discharge its constitutional mandate during 2024 with a renewed commitment to transparency, fairness, and institutional integrity. Despite resource constraints and legal challenges, the Commission remained focused on ensuring accountable leadership within the Trinidad and Tobago Police Service and strengthening public confidence in its governance role.

The Central Bank of Trinidad and Tobago continued to pursue its mandate of monetary and financial stability during the year ended September 30, 2024, against a backdrop of moderating inflation and steady economic activity. The Bank maintained prudent policy measures while strengthening regulatory oversight and promoting resilience within the financial system.

In fiscal 2022-2023, the Telecommunications Authority of Trinidad and Tobago focused on universal connectivity and industry sustainability. Key accomplishments included increasing broadband coverage and enhancing digital transformation through emerging ICT services. Strategic goals for the upcoming year prioritize strengthening compliance, promoting industry investment, and modernizing the legislative and regulatory regime to enable an empowered society.

In fiscal 2022-2023, iGovTT achieved a $803,000 surplus while managing the GovNeTT network with 99.90% service uptime for over 40,000 users. Key successes included launching several ICT Access Centres and attaining a 93% customer satisfaction rating. Findings highlight effective digital solution expansion and successful rebranding despite navigating ongoing legal claims from former employees.

For the fiscal year ending March 31, 2025, TSTT reported a total comprehensive loss of $82.2 million. Key audit findings highlighted significant subjectivity in calculating the $644 million allowance for expected credit losses. Despite these financial challenges, the Group maintained a total equity of $295.7 million and continues to operate as a going concern.

The Fourteenth Report on Tobago’s electoral boundaries, dated August 2025, recommends adjustments to maintain legal electorate limits following a 3.2% increase in voters. By transferring Polling Division 4948 from Mason Hall/Moriah to Bagatelle/Bacolet, the Commission ensured all fifteen districts comply with the 25% variance rule. Consequently, these districts were renamed Mason Hall North/Moriah and Mason Hall South/Bagatelle.

The report outlines 2023 interception activities under the Interception of Communications Act, detailing warrants issued, offences investigated, and outcomes. It highlights major crime targets, data and speech interceptions, arrests, seizures of drugs, weapons, and currency, as well as prevention, detection, and disruption results supporting national security operations.

The Strategic Services Agency (SSA) understands and appreciates its role in nation-building. A risk-informed, resilient and secure society is well poised to facilitate sustainable development collectively as a nation-state and across every sector. Resilience from an intelligence and security perspective goes beyond returning to normalcy or ‘bouncing back’; I dare say it is about ‘bouncing forward’ or ‘building back better’. The SSA is an amalgamation of several defunct elite intelligence and security agencies; however, the vision of the SSA is not to return to the levels of functionality of its predecessors. Its vision is to advance or surpass those relics of the past and become a premier intelligence agency and the best in the region.

I am pleased to report that First Citizens Group Financial Holdings Limited and
its subsidiaries (collectively known as the First Citizens Group) recorded an 18.7%
increase in Profit Before Taxation (PBT) moving from $1.07 billion to $1.27 billion
as at 30 September 2024. The First Citizens Group also recorded Profit After
Taxation (PAT) of $957 million for the year ended 30 September 2024. This figure
represents an increase of 23.2% in PAT when compared with that for the year
ended 30 September 2023.

In accordance with the provisions of Section 20(1) of the Securities Act Chapter
83:02 of the Laws of the Republic of Trinidad and Tobago, I submit the Annual
Report of the Trinidad and Tobago Securities and Exchange Commission for the
financial year ended September 30, 2024 inclusive of a copy of the Annual Audited
Statement of Accounts certified by our external auditors.

We have audited the financial statements of National Enterprises Limited (the “Company”), which comprise the statement of financial position as at September 30, 2024, and the statements of comprehensive loss, changes in equity and cash flows for the year then ended and the accompanying notes to the financial statements, including material accounting policy information.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as at September 30, 2024 and of its financial performance and its cash flows for the year then ended in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”).

In our opinion, the parent financial statements and the consolidated financial statements present fairly, in
all material respects, the financial position of Point Lisas Industrial Port Development Corporation Limited
(the Parent) and the consolidated financial position of the Parent and its subsidiary (together ‘the Group’)
as at 31 December 2024, and their parent and consolidated financial performance and their parent and
consolidated cash flows for the year then ended in accordance with IFRS Accounting Standards.

We have audited the financial statements of National Information and Communication
Technology Company Limited (“the Company”), which comprise the statement of financial
position as at 30 September 2024, the statement of comprehensive income, statement of cash
flows for the year then ended, and notes to the financial statements, including a summary of
significant accounting policies.
In our opinion, the accompanying financial statement present fairly, in all material respects, the
financial position of the Company as at 30 September 2024 and financial performance and cash
flows for the year then ended in accordance with International Financial Reporting Standards
(IFRS).

We have audited the financial statements of the Deposit Insurance Corporation (the “Corporation”), which comprise the statement of financial position as at September 30, 2024, the statements of comprehensive income, changes in equity and cash flows for the year then ended, and notes to the financial statements including material accounting policy information.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Corporation as at September 30, 2024, and its financial performance and its cash flows for the year then ended in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board (“IFRS Accounting Standards”).

We were engaged to audit the accompanying financial statements of The CEPEP Company Limited,
which comprise the statement of financial position as at 30 September 2017, the statement of
comprehensive income, changes in shareholder’s equity and cash flows for the year then ended,
and a summary of significant accounting policies.
We do not express an opinion of the accompanying financial statements of the company. Because of
the significance of the matters described in the Basis for Disclaimer of Opinion section of our report,
we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit
opinion on these financial statements.

We were engaged to audit the accompanying financial statements of The CEPEP Company Limited,
which comprise the statement of financial position as at 30 September 2016, the statement of
comprehensive income, changes in shareholder’s equity and cash flows for the year then ended,
and a summary of significant accounting policies.
We do not express an opinion of the accompanying financial statements of the company. Because of
the significance of the matters described in the Basis for Disclaimer of Opinion section of our report,
we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit
opinion on these financial statements.

We were engaged to audit the accompanying financial statements of The CEPEP Company Limited, which comprise
the statement of financial position as at 30 September 2015, the statement of comprehensive income, changes in
shareholder’s equity and cash flows for the year then ended, and a summary of significant accounting policies and
other explanatory information.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with
International Financial Reporting Standards, and for such internal control as management determines is necessary to
enable the preparation of financial statements that are free from material mis-statement, whether due to fraud or error.

The accompanying Financial Statements of the Eastern Regional Health Authority (the Authority)
for the year ended September 30, 2018 have been audited. The statements as set out on
pages 1 to 26 comprise a Statement of Financial Position as at September 30, 2018, a Statement of
Comprehensive Income, a Statement of Changes in Equity and a Statement of Cash Flows for the
year then ended September 30, 2018 and Notes to the Financial Statements numbered 1 to 23,
including a summary of significant accounting policies.

A First Report of the Auditor General on the Non-receipt of Financial Statements of the
Point Fortin Borough Corporation for the year ended September 30 th , 2006 was signed by the then
Auditor General on 4 th November, 2009 and submitted to the Speaker of the House of
Representatives and the President of the Senate for laying in the House of Representatives and the
Senate respectively and to the Minister of Finance.

A First Report of the Auditor General on the Non-receipt of Financial Statements of the
Point Fortin Borough Corporation for the year ended September 30 th , 2005 was signed by the then
Auditor General on 4 th November, 2009 and submitted to the Speaker of the House of
Representatives and the President of the Senate for laying in the House of Representatives and the
Senate respectively and to the Minister of Finance.

The consolidated Financial Statements of the Trinidad and Tobago Unit Trust Corporation
(the Corporation) for the year ended 3 1 December 2024 have been audited. The statements as set
out on pages 1 to 95 comprise a Consolidated Statement of Financial Position as at
3 1 December 2024 and the Consolidated Statement of Profit or Loss, a Consolidated Statement
of Comprehensive Income, a Consolidated Statement of Changes in Equity and a Consolidated
Statement of Cash Flows for the year then ended, and Notes to the Consolidated Financial
Statements numbered 1 to 34, including a summary of material accounting policies.

The Financial Statements of the Princes Town Regional Corporation Chairman’s Fund for
the year ended 30 th September, 2024 have been audited. The Statements as set out on pages
1 to 10 comprise a Balance Sheet as at 30 th September, 2024, an Income Statement for the year
ended 30 th September, 2024, Notes to the Accounts numbered 1 to 6 and Supporting Schedules.

The Financial Statements of the Princes Town Regional Corporation Chairman’s Fund for
the year ended 30 th September, 2023 have been audited. The Statements as set out on pages
1 to 10 comprise a Balance Sheet as at 30 th September, 2023, an Income Statement for the year
ended 30 th September, 2023, Notes to the Accounts numbered 1 to 6 and Supporting Schedules.

MADE BY THE MINISTER PURSUANT TO SECTION 9(1)(C) OF THE
FINANCIAL INSTITUTIONS ACT, CHAP. 79:09 AND SUBJECT TO
NEGATIVE RESOLUTION OF PARLIAMENT

Made by the Minister under section 88D of the Motor Vehicles
and Road Traffic Act and subject to negative resolution of
Parliament
THE MOTOR VEHICLES AND ROAD TRAFFIC (AMENDMENT TO
THE NINTH SCHEDULE) ORDER, 2025

This administrative report gives a snapshot of the Chaguaramas Development
Authority’s (CDA’s) achievements for the period 2019/2020. It also identifies the
Authority’s value statements, strategic positioning, strategic imperatives and
management overview. The main focus of this report is the Authority’s
accomplishments as it relates to each department and its respective functions.

This Annual report gives a snapshot of the Chaguaramas Development Authority’s
(CDA’s) performance for the period April 2018 to April 2019. The report identifies
the CDA’s value statements, strategic positioning, strategic imperatives and
management overview.
The main focus of this report is to capture the CDA’s performance as it relates to
the efficient management of its resources, generation and collection of revenue,
reduction of cost and efficient management of each department.

Climate Change presents an urgent threat to our survival because it directly and indirectly threatens the natural
ecosystems upon which human survival is dependent, as well as the built environment, with irreversible damage.
Climate change impacts are already being felt in Trinidad and Tobago which present a complex development
challenge that requires a flexible national approach. Small Island Developing States (SIDs), such as Trinidad and
Tobago, are among the most vulnerable to climate change due to inherent characteristics such as limited land
space; limited financial, technological, and human capacity; and limited resources. Long-term changes to climate
patterns, as well as short to medium term variability and extremes associated with climate change, have already
begun to alter environmental trends and the integrity of vital ecosystems on which Trinidad and Tobago has relied
for generations, with the attendant biophysical and socio-economic impacts.

The fiscal year marked the implementation of a pivotal institutional change in the waste sector, as
Cabinet took the decision to expand the mandate of SWMCOL to undertake the functions of the
Waste Recycling Management Authority (WRMA). SWMCOL’s expanded mandate primarily
included the implementation of the Waste Recycling Policy, 2015 and the development of a
National Waste Recycling Management Programme.

The Financial Statement of the Chaguanas Borough Corporation Mayor’s Fund (the Fund)
for the year ended 30 th September, 2021 has been audited. The Statement comprises an Income
and Expenditure Statement for the year ended 30 th September, 2021 and Notes to the Financial
Statement numbered 1 to 5.
2. In my opinion, because of the significance of matters described in the Basis for Adverse
Opinion section of this report, the accompanying financial statement does not present fairly, the
financial performance of the Chaguanas Borough Corporation Mayor’s Fund for the year ended
30 th September 2021 in accordance with the cash basis of accounting.

The accompanying Financial Statements of the Regulated Industries Commission for the year
ended 31 December 2021 have been audited. The Statements comprise a Statement of Financial
Position as at 31 December 2021 ; a Statement of Income, a Statement of Changes in Equity and a
Statement of Cash Flows for the year ended 31 December 2021; and Notes to the Financial
Statements numbered 1 to 16

The accompanying Financial Statements of the Trinidad and Tobago Racing Authority
(the Authority) for the year ended July 31, 2020 have been audited. The Statements as set out on
pages 1 to 12 comprise a Statement of Financial Position as at July 31, 2020, a Statement of
Comprehensive Income, a Statement of Changes in Reserve/Fund, a Statement of Cash Flows for
the year ended July 31, 2020, Notes to the Financial Statements referenced A to N including a
summary of significant accounting policies and Schedules numbered 1 to 3.

The accompanying Financial Statements of the Trinidad and Tobago Racing Authority
(the Authority) for the year ended July 31, 2019 have been audited. The Statements as set out on
pages 1 to 12 comprise a Statement of Financial Position as at July 31, 2019, a Statement of
Comprehensive Income, a Statement of Changes in Reserve/Fund, a Statement of Cash Flows for
the year ended July 31, 2019, Notes to the Financial Statements referenced A to N including a
summary of significant accounting policies and Schedules numbered 1 to 3.

The accompanying Financial Statements of the Trinidad and Tobago Racing Authority
(the Authority) for the year ended July 3

1, 2018 have been audited. The Statements as set out on
pages 1 to 12 comprise a Statement of Financial Position as at July 31, 2018, a Statement of
Comprehensive Income, a Statement of Changes in Reserves/Fund, a Statement of Cash Flows for
the year ended July 31, 2018, Notes to the Financial Statements referenced A to N including a
summary of significant accounting policies and Schedules numbered 1 to 3.

The accompanying Financial Statements of the Trinidad and Tobago Racing Authority
(the Authority) for the year ended July 31, 2017 have been audited. The Statements as set out on
pages 1 to 12 comprise a Statement of Financial Position as at July 31, 2017, a Statement of
Comprehensive Income, a Statement of Changes in Reserves/Fund, a Statement of Cash Flows for
the year ended July 31, 2017, Notes to the Financial Statements referenced A to N including a
summary of significant accounting policies and Schedules numbered 1 to 3.

Section 1 2 of the Sugar Industry (Labour Welfare Fund) Regulations requires the Auditor
General to audit the accounts of the Committee. The accompanying Financial Statements of the
Sugar Industry Labour Welfare Committee for the year ended 30 th September, 2008 have been
audited. The Statements comprise a Statement of Financial Position as at 30 th September, 2008,
a Statement of Comprehensive Income, a Statement of Changes in Equity, a Statement of Cash
Flows for the year then ended 30 th September, 2008, and Notes to the Financial Statements
numbered 1 to 13.

Section 24 of the College of Science, Technology and Applied Arts of Trinidad and
Tobago Act, Chapter 39:56 requires the Auditor General to audit the accounts of the College of
Science, Technology and Applied Arts of Trinidad and Tobago. The accompanying Financial
Statements of the College of Science, Technology and Applied Arts of Trinidad and Tobago for
the year ended September 30 th , 2012 have been audited. The Statements comprise a Balance
Sheet as at September 30 lh , 2012, a Statement of Income and Expenditure, a Statement of
Changes in Reserves and a Statement of Cash Flows for the year ended September 30 lh , 2012 and
Notes to the Financial Statements numbered 1 to 16.

Section 24 of the College of Science, Technology and Applied Arts of Trinidad and
Tobago Act, Chapter 39:56 requires the Auditor General to audit the accounts of the College of
Science, Technology and Applied Arts of Trinidad and Tobago. The accompanying Financial
Statements of the College of Science, Technology and Applied Arts of Trinidad and Tobago for
the year ended September 30 th , 2011 have been audited. The Statements comprise a Balance
Sheet as at September 30 th , 2011, a Statement of Income and Expenditure, a Statement of
Changes in Reserves and a Statement of Cash Flows for the year ended September 30 lh , 201 1 and
Notes to the Financial Statements numbered 1 to 16.

Section 113 (2) of the Municipal Corporations Act requires the Auditor General to
audit the accounts of the Arima Borough Corporation. The accompanying Financial
Statements of the Arima Borough Corporation for the year ended 30 September 2009 have
been audited. The Statements comprise a Statement of Financial Position as at
30 September 2009, a Recurrent Programme Income Statement for the year ended
30 September 2009, a Development Programme Income Statement for the year ended
30 September 2009, a Statement of Changes in Equity for the year ended
30 September 2009, a Statement of Cash Flows for the year ended 30 September 2009 and
Notes to the Financial Statements numbered 1 to 15.

The accompanying Financial Statements of the Office of Procurement Regulation for the
year ended 30 September 2022 have been audited. The statements as set out on pages 1 to 28
comprise a Statement of Financial Position as at 30 September 2022, a Statement of
Comprehensive Income, a Statement of Changes in Equity, and a Statement of Cash Flows for
the year ended 30 September 2022 and Notes to the Financial Statements numbered 1 to 1 7.

The accompanying Financial Statements of the Institute of Marine Affairs for the year
ended September 30, 2014 have been audited. The Statements as set out on pages 1 to 12
comprise a Balance Sheet as at September 30, 2014, an Income and Expenditure Statement, a
Statement of Accumulated Surplus, a Statement of Cash Flows for the year ended
September 30, 2014 and Notes to the Financial Statements numbered 1 to 7.

The accompanying Financial Statements of the Institute of Marine Affairs for the year
ended September 30, 2013 have been audited. The Statements as set out on pages 1 to 12
comprise a Balance Sheet as at September 30, 2013, an Income and Expenditure Statement, a
Statement of Accumulated Surplus, a Statement of Cash Flows for the year ended
September 30, 2013 and Notes to the Financial Statements numbered 1 to 7.

The accompanying Financial Statements of the Institute of Marine Affairs for the year
ended September 30, 2012 have been audited. The Statements as set out on pages 1 to 12
comprise a Balance Sheet as at September 30, 2012, an Income and Expenditure Statement, a
Statement of Accumulated Surplus, a Statement of Cash Flows for the year ended
September 30, 2012 and Notes to the Financial Statements numbered 1 to 7.

The Financial Statements of the Children’s Authority of Trinidad and Tobago
(the Authority) for the year ended 30 th September 2021 have been audited. The statements as set
out on pages 3 to 22 comprise a Statement of Financial Position as at 30 th September 2021, a
Statement of Comprehensive Income, a Statement of Changes in Equity and a Statement of Cash
Flows for the year then ended, and Notes to the Financial Statements numbered 1 to 16, including
a summary of significant accounting policies.

The accompanying Financial Statements of the Children’s Life Fund for the year ended September 30, 2015 have been audited. The Statements as set out on pages 3 to 14 comprise a Statement of Financial Position as at September 30, 2015, a Statement of Comprehensive Income, a Statement of Accumulated Funds and Reserves, a Statement of Cash Flows for the year ended September 30, 2015 and Notes to the Financial Statements numbered 1 to 11.

The Financial Statements of the Agricultural Development Bank of Trinidad and Tobago
(the Bank) for the year ended 30 th September 2020 have been audited. The statements as set out
on pages 1 to 37 comprise a Statement of Financial Position as at 30 th September 2020, and the
Statement of Income, a Statement of Comprehensive Income, a Statement of Changes in Equity
and a Statement of Cash Flows for the year then ended, and Notes to the Financial Statements
numbered 1 to 24, including a summary of significant accounting policies.

Sections 116(2) and (4) of the Constitution of the Republic of Trinidad and Tobago Chapter
1:01 and Section 25(1) of the Exchequer and Audit Act Chapter 69:01 (the Act) require the
Auditor General to audit and report on the Public Accounts of the Republic of Trinidad and
Tobago for the financial year ended September 30, 2024.

Pursuant to section 123(4) of the Constitution of the Republic of Trinidad and Tobago, it
is hereby notified that the Police Service Commission, in accordance with sections 123 (2)
and (3) of the said Constitution, and Clauses 4 and 5 of Legal Notice No. 277 of 2021 –
The Commissioner of Police and Deputy Commissioner of Police (Selection Process)
(No. 2) Order, 2021, as amended by Legal Notice No. 278 of 2021 – has nominated
MR. WAYNE MYSTAR, Assistant Commissioner of Police, to act in the office of
Deputy Commissioner of Police – Trinidad and Tobago Police Service

Pursuant to section 123(4) of the Constitution of the Republic of Trinidad and Tobago,
it is hereby notified that the Police Service Commission, in accordance with section 123
(2) and (3) of the said Constitution, and Clause 3(1) (e) and (f) of Legal Notice No. 277
of 2021 – The Commissioner of Police and Deputy Commissioner of Police (Selection
Process) (No. 2) Order, 2021, – has nominated MR. ALLISTER GUEVARRO for
appointment to the office of Commissioner of Police— Trinidad and Tobago Police
Service.

The Caribbean Leasing Company Limited (CLCL) registered as SBDC Leasing on October 1,
1997; began its operations in January 2001, as a fully owned subsidiary of the now defunct
SBDC/BDC. Its name was then changed to Caribbean Leasing Company Limited (CLCL) on
January 12, 2005. Its mandate was to assist micro and small enterprises (MSEs) to become more
competitive through the sourcing, financing and management of equipment and machinery for
plant upgrading and modernization.

In October 2012, BDC was instructed to terminate all operations at CLCL as BDC was to be
converted into exporTT – T&T’s sole export facilitation organization. No new leases were granted
from that date and the existing leases were administratively managed until maturity.

The portfolio of Public Administration was first established in 1991 in the Office of the Prime Minister. Since then, the Ministry with the portfolio of Public
Administration has undergone several changes in name, size and configuration involving the addition and removal of Information/Communication, ICT,
Telecommunications and Broadcasting and Property and Real Estate responsibilities. In August 2020, ‘Digital Transformation’ was added to the name of the
Ministry in recognition of the country’s thrust towards a Digital Economy through the realisation of a more Digital Government. In accordance with Gazette No.
158 of 2020 (refer to Appendix 1), the responsibilities of the MPADT fall into two main categories which seek to achieve Vision 2030 strategic goals within the
Theme II – “Delivering Good Governance & Service Excellence” and Theme III – “Improving Productivity through Quality Infrastructure and Transportation”:

UTT, as the national university, has a mandate to develop the country’s human resources by
providing quality tertiary education and training. UTT is a multi-campus facility which currently
offers a range of programmes in areas such as Performing Arts, Engineering, Agriculture,
Education, Information and Communication Technology, Sport, Criminology and Public Safety.
The learning experience provided to students is intended to closely simulate the environmental
conditions that graduates will encounter in the workplace and civil society.

The Trinidad and Tobago Postal Corporation (TTPost) (the Corporation) is a State Corporation,
formed by an Act of Parliament, the Trinidad and Tobago Postal Corporation Act No. 1 of 1999.
TTPost had its genesis in the General Post Office (GPO) from which it evolved, as part of the
Postal Sector Reform Program.

Established on November 12, 1980, the Trinidad and Tobago Solid Waste Management Company
Limited (SWMCOL) is a limited liability company exclusively owned by Corporation Sole. For
the fiscal under review, the Company continued to promote and advance the integration of the
multi-fold waste sector to increase its efficiency and strengthen the management of the country’s
municipal solid waste.

SWMCOL receives Government funding to manage three (3) national landfills, Beetham Estate,
Forres Park and Guanapo. All landfills in Trinidad and Tobago are classified as municipal solid
waste (MSW) landfills thus, all items/materials that fall outside the spectrum of regular MSW
are classified as Special Waste (this includes hazardous waste). The current commercial lines of
business of the Company are General Waste, Special Waste, Liquid and Hazardous Waste,
Waste-Paper Recovery and Portable Sanitation Rentals.

Fiscal year 2023 saw the end of a pivotal term for the previous Board, which
concluded in December 2022. In March 2023, a new Board was appointed,
bringing fresh perspectives and renewed energy to our efforts. On behalf of
the entire Board, I would like to express my deepest gratitude to our outgoing
members for their exceptional service and unwavering commitment. Dr.
Krishna Maharaj, Ms. Christine John-Guy, Ms. Crystal Edwards, and
Commander Israel Dowlat all played pivotal roles during their tenure, and
their contributions have left a lasting impact on the work of the CICB

The Company’s role and functions derive from its mandate to develop and redevelop East Port
of Spain to improve economic, social and physical conditions in the area. In this context, the
Company has responsibility for identifying and analysing community needs, development
challenges and opportunities; formulating appropriate development proposals in response and
identifying specific projects for implementation to address the needs and challenges.

First Citizens Investment Services Limited (FCIS) is a member of the First Citizens Group, one of the leading
financial services groups in Trinidad and Tobago. FCIS commenced operations in Trinidad and Tobago in
2000 and is a leading full-service investment management firm in the Caribbean and licensed broker-dealers
on the Trinidad and Tobago Stock Exchange, Barbados Stock Exchange and the Eastern Caribbean Securities
Exchange.

Cabinet by Minute No. 287 dated February 20, 2025 agreed inter alia, that in accordance with
Section 58L of the Proceeds of Crime Act, Chap. 11:27, the Report on the Management of the
Seized Assets Fund for the Financial Year ended September 30, 2024 be laid in Parliament.

We have audited the financial statements of Lake Asphalt of Trinidad Tobago (1978) Limited (the
Company), which comprise the statement of financial position as at 30 September 2016, and the
statements of comprehensive income, changes in shareholder’s equity and cash flows for the year then
ended, and notes to the financial statements, including a summary of significant accounting policies.

In our opinion, except for the matters described in the Basis for Qualified Opinion section of our report,
the accompanying financial statements present fairly, in all material respects, the financial position of
the Company as of 30 September 2016 and of its financial performance and its cash flows for the year
then ended in accordance with International Financial Reporting Standards (IFRSs).

We have audited the accompanying unconsolidated financial statements of Lake Asphalt of Trinidad and Tobago
(1978) Limited, which comprise the unconsolidated statement of financial position as at 30 September 2015, the
unconsolidated statements of comprehensive income, changes in shareholder’s equity and cash flows for the year
then ended, and a summary of significant accounting policies and other explanatory information.

We have audited the accompanying unconsolidated financial statements of Lake Asphalt of Trinidad and Tobago
(1978) Limited, which comprise the unconsolidated statement of financial position as at 30 September 2014, the
unconsolidated statements of comprehensive income, changes in shareholder’s equity and cash flows for the year
then ended, and a summary of significant accounting policies and other explanatory information.

We conducted our audit in accordance with International Standards on Auditing (ISAs). Our
responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of
the financial statements section of our report.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our opinion.

We have audited the financial statements of The Sports Company of Trinidad and Tobago Limited
( the Company ), which comprises the statement of financial position as at 30 September 2024,
the statements of comprehensive income, cash flows for the
year then ended, and notes to the financial statements, including significant accounting policies
and other explanatory information.

In our opinion, the accompanying financial statements present fairly, in all material respects, the
financial position of the Company as at 30 September 2024 and its financial performance and
cash flows for the year then ended, in accordance with International Financial

We have audited the financial statements of Trinidad Nitrogen Co. Limited, (“the Company”), which comprise the
statement of financial position as at 3 1 December 2023, and the statement of income, statement of comprehensive
income, statement of changes in equity and statement of cash flows for the year then ended, and notes to the
financial statements, including material accounting policy information.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position
of the Company as at 3 1 December 2023 and its financial performance and its cash flows for the year then ended
in accordance with IFRS Accounting Standards as issued by the International Accounting Standards Board.

We have audited the financial statements of Trinidad and Tobago International Financial Centre Management
Company Limited (the ‘Company’), which comprise the statement of financial position as at September 30, 2024,
and the statement of profit or loss and other comprehensive income, statement of changes in equity and statement
of cash flows for the year then ended, and notes to the financial statements, including a summary of significant
accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of
the Company as at September 30, 2024, and its financial performance and its cash flows for the year then ended in
accordance with International Financial Reporting Standards (IFRSs).

We were engaged to audit the consolidated financial statements of Urban Development Corporation
of Trinidad and Tobago Limited (“the Group”), which comprise the consolidated statement of
financial position as at 31 December 2021, and the consolidated statements of comprehensive
income, changes in equity and cash flows for the year then ended, and notes to the consolidated
financial statements, including a summary of significant accounting policies.

We do not express an opinion on the accompanying consolidated financial statements of the Group.
Because of the significance of the matters described in the Basis for Disclaimer of Opinion section of
our report, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for
an audit opinion on these financial statements

We have audited the financial statements of Caroni (1975) Limited which comprises the
statement of financial position as at 30th June 2022, statement of comprehensive income,
statement of changes in equity, statement of cash flows for the year then ended, and
incorporating summary of significant accounting policies and other explanatory notes, as stated
on pages 5 to 19.

We have audited the financial statements of Caroni (1975) Limited which comprises the
statement of financial position as at 30 th June 2023, statement of comprehensive income,
statement of changes in equity, statement of cash flows for the year then ended, and
incorporating summary of significant accounting policies and other explanatory notes, as stated
on pages 5 to 17.

We have audited the financial statements of East Port of Spain Development Company Limited, which
comprise the statement of financial position as at 30 September 2021, and the statements of
comprehensive income and cash flows for the year then ended, and notes to the financial statements
including a summary of significant accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial
position of the East Port of Spain Development Company Limited as at 30 September 2021 and its
financial performance and its cash flows for the year then ended in accordance with International
Financial Reporting Standards (“IFRSs”).

We have audited the financial statements of East Port of Spain Development Company Limited,
which comprise the statement of financial position as at 30 September 2020, and the
statements of comprehensive income and cash flows for the year then ended, and notes to the
financial statements including a summary of significant accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the
financial position of the East Port of Spain Development Company Limited as at 30 September
2020 and its financial performance and its cash flows for the year then ended in accordance
with International Financial Reporting Standards (“IFRSs”).

In our opinion, the consolidated financial statements present fairly, in all material respects the
consolidated financial position of Trinidad & Tobago National Petroleum Marketing Company Limited (the
Company) and its subsidiaries (together ‘the Group’) as at 31 March 2022, and their consolidated financial
performance and their consolidated cash flows for the year then ended in accordance with International
Financial Reporting Standards.

In our opinion, the consolidated financial statements present fairly, in all material respects, the
consolidated financial position of Trinidad & Tobago National Petroleum Marketing Company Limited (the
Company) and its subsidiaries (together ‘the Group’) as at 31 March 2021, and their consolidated financial
performance and their consolidated cash flows for the year then ended in accordance with International
Financial Reporting Standards.

We have audited the financial statements of National Schools Dietary Services Limited, which
comprise the statement of financial position as at 30 September 2024, the statements of
comprehensive income, changes in shareholder’s equity and cash flows for the year then ended,
and notes to the financial statements including a summary of material accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, the
financial position of National Schools Dietary Services Limited as at 30 September 2024 and its
financial performance and cash flows for the year then ended in accordance with IFRS Accounting
Standards as issued by the International Accounting Standards Board.

We have audited the financial statements of National Infrastructure Development Company Limited,
which comprise the statement of financial position as at 30 September 2020, the statements of
comprehensive income, changes in equity and cash flows for the year then ended, and notes to the
financial statements, including a summary of significant accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial
position of the company as at 30 September 2020 and its financial performance and its cash flows for the
year then ended in accordance with International Financial Reporting Standards (“IFRSs”).

In our opinion, the consolidated financial statements present fairly, in all material respects, the
consolidated financial position of The National Gas Company of Trinidad and Tobago Limited (the
Company) and its subsidiaries (together ‘the Group’) as at 31 December 2022, and their consolidated
financial performance and their consolidated cash flows for the year then ended in accordance with
International Financial Reporting Standards.

In our opinion, the financial statements present fairly, in all material respects, the financial position of
Export-Import Bank of Trinidad and Tobago Limited (the Bank) as at 31 December 2023, and its financial
performance and its cash flows for the year then ended in accordance with IFRS Accounting Standards.

We have audited the accompanying financial statements of Youth Training and Employment Partnership Programme (YTEPP) Limited, which comprise the statement of financial position as at 30 September, 2022, and the statement of comprehensive income, and statement of cash flows for the year then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Youth Training and Employment Partnership Programme (YTEPP) Limited as at 30 September, 2022. of its financial performance and its cash flows for the year then ended in accordance with the International Financial Reporting Standards.

Board Note – e TecK 2022 Audited Financials
Auditors issued an unqualified opinion. Revenue increased to TT$71.8m, but high costs drove a comprehensive loss of TT$(31.3)m. Assets grew to TT$2.84bn, mainly from investment properties, while liabilities rose to TT$2.22bn. Equity stood at TT$622.1m. Cash flows were sustained by TT$701.5m in government grants and contributions. The company remains heavily reliant on state support despite asset growth and continues to face persistent financial deficits.

In preparing these financial statements, management utilised the InternationaJ Financial Reporting Standards,
as issued by the International Accounting Standards Board and adopted by the Institute of Chartered
Accountants of Trinidad and Tobago, Vhere International Financial Reporting Standards presented alternative
accounting treatments, management chose those considered most appropriate in the circumstances.

Nothing has come to the attention of management to indicate that the Group will not remain a going concern
for the next twelve months from the reporting date, or up to the date the accompanying financial statements
have been authorised for issue, if later.

In preparing these financial statements, management utilised the International Financial Reporting Standards,
as issued by the International Accounting Standards Board and adopted by the Institute of Chartered
Accountants of Trinidad and Tobago. Xrhere International Financial Reporting Standards presented
alternative accounting treatments, management chose those considered most appropmEe in the circumstances.

Nothing has come to the attention of management to indicate that the Company will not remain a going
concern for the next twelve months from the reporting date, or up to the date the accompanying financial
statements have been authorised for issue, if later,

Fiscal Year 2024 was a watershed year for the global economy, which the central banks of the
major developed countries continued the process of returning inflation closer to pre-pandemic
levels, and pivoted to a more neutral monetary stance. While the two years of the anti-inflationary
policies weighed heavily on the growth performance of some advanced economies, the United
States (US) was able to boast of a soft-landing in which the economy demonstrated remarkable
resilience. The sharp reduction in global inflation and the subsequent monetary easing boosted
international financial markets, which had a very positive impact on the Heritage and Stabilisation
Fund (HSF).

Fiscal Year 2024 was a watershed year for the global economy, which the central banks of the
major developed countries continued the process of returning inflation closer to pre-pandemic
levels, and pivoted to a more neutral monetary stance. While the two years of the anti-inflationary
policies weighed heavily on the growth performance of some advanced economies, the United
States (US) was able to boast of a soft-landing in which the economy demonstrated remarkable
resilience. The sharp reduction in global inflation and the subsequent monetary easing boosted
international financial markets, which had a very positive impact on the Heritage and Stabilisation
Fund (HSF).

We were engaged to audit the financial statements of the Water and Sewerage Authority (?the
Authority?) which comprise the statement of financial position as at 30 September 2023 and the statement
of revenue and expenditure, statement of comprehensive loss, statement of changes in net deficit and
statement of cash flows for the year then ended, and notes to the financial statements, including a
summary of significant accounting policies and other explanatory information.
We do not express an opinion on the accompanying financial statements of the Authority. Because of the
significance of the matters described in the Basis for Disclaimer of Opinion section of our report, we
have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion
on these financial statements.

Sections 116(2) and (4) of the Constitution of the Republic of Trinidad and Tobago Chapter
1:01 and Section 25(1) of the Exchequer and Audit Act Chapter 69:01 (the Act) require the
Auditor General to audit and report on the Public Accounts of the Republic of Trinidad and
Tobago for the financial year ended September 30, 2024.

This document contains the Loan Agreement consisting of these Special Conditions
(Document I), the General Conditions (Document II), the Technical Annex and the Annex
Forms for Debt Management Operations (hereinafter jointly referred to as the “Loan
Agreement’), and is entered into on the Effective Date (as defined below) between the
following parties and subject to mutually agreed terms and conditions set forth below:

In accordance with the requirements of Sections 24(1) and (2) of the Public Procurement and Disposal of Public Property Act, 2015, as amended (“the Act”), I am pleased to submit the inaugural Annual Report of the Office of Procurement Regulation (“the Office”). In this Report, the Office has extensively addressed the performance of the public procurement and disposal of public property system and the work it has undertaken in the one-year period since full proclamation of the Act on April 26, 2023.

The Integrity Commission of Trinidad and Tobago is pleased to submit its Thirty-
Seventh (37th) Annual Report to Parliament outlining its activities for the year ended
December 31, 2024. The Report has been prepared in compliance with Section 10 of the
Integrity in Public Life Act, Chapter 22.01, which states:

Regulation 6 of the Regulations is amended by inserting after
sub-regulation (2) the following sub-regulation:
“(2A) No bond issued to any company operating within the
energy sector that is zero-rated, shall be transferred during the
period of 6 months immediately following the date of issue of
the bond.”.

Pursuant to section 123(4) of the Constitution of the Republic of Trinidad and Tobago, it is
hereby notified that the Police Service Commission, in accordance with subsections (2) and (3)
of section 123 of the said Constitution, and Clause 5(2) of Legal Notice No. 277 of 2021 – The
Commissioner of Police and Deputy Commissioner of Police (Selection Process) (No.2) Order,
2021 as amended by Legal Notice No. 278 of 2021 – has nominated MR. CURT SIMON,
Assistant Commissioner of Police, to act in the office of Deputy Commissioner of Police –
Trinidad and Tobago Police Service.

Pursuant to section 123(4) of the Constitution of the Republic of Trinidad and Tobago, it is
hereby notified that the Police Service Commission, in accordance with subsections (2) and (3)
of section 123 of the said Constitution, and Clause 4(2) of Legal Notice No. 277 of 2021 – The
Commissioner of Police and Deputy Commissioner of Police (Selection Process) (No.2) Order,
2021 as amended by Legal Notice No. 278 of 2021- has nominated MR. JUNIOR
BENJAMIN, Deputy Commissioner of Police, to act in the office of Commissioner of Police
– Trinidad and Tobago Police Service.

The Ministry of Agriculture, Land and Fisheries (MALF) reviewed Nineteenth
Report of the Public Accounts Committee on the Examination of the Reports of the
Auditor General on the Financial Statements of the Agricultural Development Bank
(ADB) for the financial years 2014 to 2018.
The MALF provides input towards the recommendations proposed to improve the
operations of the ADB as follows:

The Ministry of Agriculture, Land and Fisheries (MALF) reviewed Eighteenth
Report of the Public Accounts Committee on the Examination of the Reports of the
Auditor General on the Financial Statements of the National Agricultural
Marketing and Development Corporation (NAMDEVCO) for the financial years
2014 to 2021 and follow-up on the implementation of the recommendations
contained in the Public Accounts Committee’s Twenty-Third Report from the
Eleventh Parliament.
The MALF provides input towards the recommendations proposed to improve the
operations of the National Agricultural Marketing and Development Corporation
(NAMDEVCO) as follows:

I have the honour to submit the Annual Report on the operation and activities of the Financial
Intelligence Unit of Trinidad and Tobago in combatting money laundering, financing of terrorism and
the proliferation of weapons of mass destruction.

This document contains the Loan Agreement consisting of these Special Conditions
(Document I), the General Conditions (Document II), the Technical Annex and the Annex
Forms for Debt Management Operations (hereinafter the “Loan Agreement”), and is entered
into on the Effective Date (as defined below) between the following parties and subject to
mutually agreed terms and conditions set forth below:

The Miscellaneous Provisions (Proceeds of Crime, Anti-Terrorism and Financial Intelligence Unit of Trinidad and Tobago) Act, 2018, assented to on December 31, 2018, amended the Anti-Terrorism Act, Chapter 12:07 which provides in Part IIA, Section 38C
(1) that the Attorney General shall, within three (3) months after the end of each year, cause a report with respect to the performance of his functions under this Act to be prepared.
(2) The Report shall contain such statistical and other information as the Attorney General thinks fit in relation to –
(a) Court Listings;
(b) International Cooperation;
(c) Forfeitures; and
(d) Such other matters as the Attorney General considers necessary.
(3) The Attorney General shall cause a copy of the report to be laid before both Houses of Parliament within one (1) month after its completion.

This report is provided in compliance with Section 66D of the Constitution of the
Republic of Trinidad and Tobago. It covers the year fiscal 2019, i.e. from October
01, 2018 to September 30, 2019.

The vision of the University of Trinidad and Tobago (UTT) is to be the premier university
dedicated to the socioeconomic transformation of Trinidad and Tobago, with global reach and
international standing.

The financial statements of the Agricultural Development Bank of Trinidad and Tobago
(the Bank) for the year ended 30 September 2017 have been audited. The statements as set out
on pages 1 to 20 comprise a Statement of Financial Position as at 30 September 2017, and the
Statement of Income, a Statement of Comprehensive Income, a Statement of Changes in Equity
and a Statement of Cash Flows for the year then ended, and Notes to the Financial Statements
numbered 1 to 21, including a summary of significant accounting policies.

The accompanying financial statements of the Agricultural Development Bank of
Trinidad and Tobago for the year ended 30 September 2016 have been audited. The
statements as set out on pages 1 to 20 comprise a Statement of Financial Position as at 30
September 2016, the Statement of Income, a Statement of Comprehensive Income, a
Statement of Changes in Equity and a Statement of Cash Flows for the year then ended,
and Notes to the Financial Statements numbered 1 to 21, including a summary of
significant accounting policies.

The accompanying Financial Statements of the Agricultural Development Bank of
Trinidad and Tobago for the year ended 30 September 2015 have been audited. The
Statements comprise a Statement of Financial Position as at 30 September 2015, a
Statement of Income, a Statement of Comprehensive Income, a Statement of Changes in
Equity and a Statement of Cash Flows for the year ended 30 September 2015 and Notes
to the Financial Statements numbered 1 to 21.

The accompanying Financial Statements of the Agricultural Development Bank of
Trinidad and Tobago for the year ended 30 September 2013 have been audited. The
Statements comprise a Statement of Financial Position as at 30 September 2013, a
Statement of Comprehensive Income, a Statement of Changes in Equity and a Statement
of Cash Flows for the year ended 30 September 2013 and Notes to the Financial
Statements numbered 1 to 22.

The accompanying Financial Statements of the Agricultural Development Bank
of Trinidad and Tobago for the year ended 30 September 2012 have been audited. The
Statements comprise a Statement of Financial Position as at 30 September 2012, a
Statement of Income, a Statement of Comprehensive Income, a Statement of Changes in
Equity and a Statement of Cash Flows for the year ended 30 September 2012 and Notes
to the Financial Statements numbered 1 to 22.

The accompanying Financial Statements of the Agricultural Development Bank of
Trinidad and Tobago for the year ended 30 September 2014 have been audited. The
Statements comprise a Statement of Financial Position as at 30 September 2014, a
Statement of Income, a Statement of Comprehensive Income, a Statement of Changes in
Equity and a Statement of Cash Flows for the year ended 30 September 2014 and Notes
to the Financial Statements numbered 1 to 22.

The Financial Statements of the Agricultural Development Bank of Trinidad and Tobago
(the Bank) for the year ended 30 th September 2019 have been audited. The statements as set out
on pages 1 to 35 comprise a Statement of Financial Position as at 30 th September 2019, and the
Statement of Income, a Statement of Comprehensive Income, a Statement of Changes in Equity
and a Statement of Cash Flows for the year then ended, and Notes to the Financial Statements
numbered 1 to 22, including a summary of significant accounting policies.

The financial statements of the Agricultural Development Bank of Trinidad and Tobago
(the Bank) for the year ended 30 th September 2018 have been audited. The statements as set out
on pages 1 to 20 comprise a Statement of Financial Position as at 30 th September 2018, and the
Statement of Income, a Statement of Comprehensive Income, a Statement of Changes in Equity
and a Statement of Cash Flows for the year then ended, and Notes to the Financial Statements
numbered 1 to 21, including a summary of significant accounting policies.

The accompanying Financial Statements of the Police Complaints Authority (Authority)
for the year ended September 30, 2023 have been audited. The statements as set out on
pages 1 to 13 comprise a Statement of Financial Position as at September 30, 2023, a Statement
of Comprehensive Income, a Statement of Changes in Equity and a Statement of Cash Flows for
the year ended September 30, 2023 and Notes to the Financial Statements referenced A to M,
including a summary of significant accounting policies.

The accompanying Financial Statements of the South-West Regional Health Authority
for the year ended September 30, 2012 have been audited. The statements as set out on pages
1 to 25 comprise a Statement of Financial Position as at September 30, 2012, a Statement of
Comprehensive Income, a Statement of Changes in Equity and a Statement of Cash Flows for
the year ended September 30, 2012 and Notes to the Financial Statements numbered 1 to 23,
including a summary of significant accounting policies.

The accompanying Financial Statements of the Children Life Fund for the year ended
September 30, 2014 have been audited. The Statements as set out on pages 3 to 14 comprise a
Statement of Financial Position as at September 30, 2014, a Statement of Comprehensive
Income, a Statement of Accumulated Funds and Reserves, a Statement of Cash Flows for the
year ended September 30, 2014 and Notes to the Financial Statements numbered 1 to 11.

This document contains the Loan Agreement consisting of these Special Conditions
(Document I), the General Conditions (Document II) and the Technical Annex (Document
III), hereinafter jointly referred to as the “Agreement”, and is entered into on the Effective
Date (as defined below) between the following parties and subject to mutually agreed terms
and conditions set forth below:

We have audited the financial statements of Evolving TecKnologies and Enterprise Development Company
Limited (the “Company”), which comprise the consolidated statement of financial position as at September 30,
2020, and the statement of comprehensive income, consolidated statement of changes in shareholders’ equity,
and consolidated statement of cash flows for the year then ended, and notes to the consolidated financial
statements, including a summary of significant accounting policies.
In our opinion the accompanying consolidated financial statements present fairly, in all material respects, the
financial position of the Company as at September 30, 2020, and its financial performance and its cash flows for
the year then ended in accordance with International Financial Reporting Standards(“IFRS”).

The Administrative Report on the operations of the Point Fortin Borough
Corporation for the period October 1st, 2015 – September 30th, 2016, is a statutory
requirement of the Corporation, for which the Accounting Officer is responsible.
Essentially, the Report gives an account of the plans and projections of the
Corporation, the actual performance and achievements recorded and, the
Challenges faced by the Corporation in the performance of its duties.

The Administrative Report on the operations of the Point Fortin Borough
Corporation for the period October 1st, 2014 – September 30th, 2015, is a statutory
requirement of the Corporation, for which the Accounting Officer is responsible.
Essentially, the Report gives an account of the plans and projections of the
Corporation, the actual performance and achievements recorded and, the
challenges faced by the Corporation in the performance of its duties during the
period under review.
Before proceeding further it is important to note that generally the Corporation
has performed creditably, given the continuing challenges facing the national
economy.
These challenges have been reflected in the levels of inflows from central
government, when compared to the funds actually needed for improving and
transforming the Borough.

We have audited the accompanying financial statements of National Trust of Trinidad and Tobago, which
comprise the statement of financial position as at 30 September, 2022, and the statement of comprehensive
income and changes in general reserve fund, and statement of cash flows for the year then ended, and notes to
the financial statements, including a summary of significant accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial
position of National Trust of Trinidad and Tobago as at 30 September, 2022, of its financial performance and
its cash flows for the year then ended in accordance with the International Financial Reporting Standard for
Small and Medium-sized Entities (IFRS for SMEs).

The Custodian Unit was officially established in January 2017 pursuant to Cabinet Minute No. 1752-
2014/06/18. This Unit, currently under the supervision of the Deputy Custodian, manages and operates
the National Forensic DNA Databank (NFDD) of Trinidad and Tobago.

The NFDD is a repository of electronic DNA profiles obtained from crime scenes and individuals mentioned
in the Administration of Justice Deoxyribonucleic Acid (DNA) Act, Chapter 5:34 hereinafter referred to as
the DNA Act. These profiles are searched and compared to obtain matches and familial associations. The
Custodian Unit aims to provide an uncompromised, secured and confidential DNA databank operating at
international standards in order to increase the crime detection rate, decrease wrongful convictions, solve
cold cases, identify missing or unidentified persons (providing family members with closure) and deter
criminal activity.

The DNA Custodian Unit was officially established in January 2017 pursuant to Cabinet Minute No.
1752-2014/06/18. This Unit, currently under the supervision of the Deputy Custodian, manages and
operates the National Forensic DNA Databank (NFDD) of Trinidad and Tobago.

The NFDD is a repository of electronic DNA profiles obtained from crime scenes and individuals
mentioned in the Administration of Justice Deoxyribonucleic Acid (DNA) Act, Chapter 5:34
hereinafter referred to as the DNA Act. These profiles are searched and compared to obtain matches
and familial associations. The Custodian Unit aims to provide an uncompromised, secured and
confidential DNA databank operating at international standards in order to increase the crime detection
rate, decrease wrongful convictions, solve cold cases, identify missing or unidentified persons
(providing family members with closure) and deter criminal activity.

‘The DNA Custodian Unit was officially established in January 2017 pursuant to Cabinet Minute No.
1752-2014/06/18. This Unit, under the supervision of the Custodian Manager and Deputy Custodian
Manager, manages and operates the National Forensic DNA Databank (NFDD) of Trinidad and
Tobago.

The NFDD is a repository of electronic DNA profiles obtained from crime scenes and individuals
mentioned in the Administration of Justice Deoxyribonucleic Acid (DNA) Act, Chapter 5:34
hereinafter referred to as the DNA Act. These profiles are searched and compared to obtain matches
and familial associations. The Custodian Unit aims to provide an uncompromised, secured and
confidential DNA databank operating at international standards in order to increase convictions,
improve the detection rate, solve cold cases, identify missing or unidentified persons and deter criminal
activity.

The Office was established under Section 91 (1 ( of the Constitution of the Republic of Trinidad
and Tobago, Chap. 1:01. Pursuant to Section 93(1) of the Constitution, the Office’s main
function is “to investigate any decision or recommendation made, including any advice given or
recommendation made to a Minister, or any act done or omitted by any department of
Government or any other authority to which this section applies, or by officers or members of
such a department or authority, being action taken in exercise of the administrative functions
of that department or authority.”

We have audited the financial statements of Trinidad and Tobago International Financial Centre Management
Company Limited (the ‘Company’), which comprise the statement of financial position as at September 30, 2024,
and the statement of profit or loss and other comprehensive income, statement of changes in equity and statement
of cash flows for the year then ended, and notes to the financial statements, including a summary of significant
accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of
the Company as at September 30, 2024, and its financial performance and its cash flows for the year then ended in
accordance with International Financial Reporting Standards (IFRSs).

We have audited the financial statements of Trinidad and Tobago International Financial Centre Management
Company Limited (the ‘Company’), which comprise the statement of financial position as at September 30, 2024,
and the statement of profit or loss and other comprehensive income, statement of changes in equity and statement
of cash flows for the year then ended, and notes to the financial statements, including a summary of significant
accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of
the Company as at September 30, 2024, and its financial performance and its cash flows for the year then ended in
accordance with International Financial Reporting Standards (IFRSs).

At its twenty-third meeting held on January 24, 2024, the Committee resolved to
conduct an Inquiry into the operations of the Adoption Unit of the Children’s Authority
of Trinidad and Tobago as it relates to the Efficiency and Effectiveness of the Adoption
Procedures in Trinidad and Tobago and agreed that the following three (3) objectives
would guide the inquiry:
i. To assess the operational efficiency of the Adoption Unit of the Children’s
Authority of Trinidad and Tobago;

ii. To assess the effectiveness of the Adoption Unit in the facilitation of
adoption procedures in Trinidad and Tobago;

iii. To evaluate the adequacy of the regulatory framework that guides the
work of the Adoption Unit in the execution of their mandate.

At the Committee’s second meeting held on Wednesday May 19, 2021, your Committee agreed to
commence an inquiry into ‘Deepening Existing Ties and Facilitating New Linkages between the Republic of
Trinidad and Tobago and the Co-operative Republic of Guyana.’ The title of the inquiry was taken from the
remarks of then Minister of Foreign and CARICOM Affairs, Senator the Honourable Dennis Moses
at the opening of the High Commission for the Co-operative Republic of Guyana to Trinidad and
Tobago on February 8, 2017.

The National Investment Fund Holding Company Limited (NIF) was incorporated in the
Republic of Trinidad and Tobago on May 29 2018 by the Corporation Sole for the purpose
of holding and monetizing assets transferred by the Government of the Republic of
Trinidad and Tobago (GORTT).

We have audited the financial statements of Trinidad and Tobago Mortgage Finance Company Limited
(“the Company”), which comprise the statement of financial position as at 31 December 2023, and the
statement of comprehensive income, statement of changes in equity and statement of cash flows for the
year then ended, and notes to the financial statements, including material accounting policy
information.
In our opinion, the accompanying financial statements present fairly, in all material respects, the
financial position of the Company as at 3 1 December 2023 and its financial performance and its cash
flows for the year then ended in accordance with International Financial Reporting Standards
(“IFRSs”).

We have audited the financial statements of National Infrastructure Development Company Limited, which
comprise the statement of financial position as at 30 September 2019, the statements of comprehensive income,
changes in equity and cash flows for the year then ended, and notes to the financial statements, including a summary
of significant accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position
of the company as at 30 September 2019 and its financial performance and its cash flows for the year then ended in
accordance with International Financial Reporting Standards (“IFRSs”).

Significant milestones and remarkable
achievements, reflecing the dedication and
resilience of our TTCAA team was evident this year.
At the core of our progress are our people, whose
commitment and talent fuel our success. This report
highlights the key events and developments for the
fiscal year 2023-2024, which builds upon our legacy
and sets a promising course for the future.

This Report of the Public Administrations and Appropriations Committee (PAAC) for the
Twelfth Parliament contains the details of the Ministry of Digital Transformation on Sub – Head
04 Current Transfers and Subsidies, Sub – Head 09 Development Programme – Consolidated
Fund and Infrastructure Development Fund for the Financial Year 2024.

The Committee in undertaking this examination employed two (2) mechanisms:
i. Written Submissions; and
ii. Public Hearing.

The Committee requested written submissions from the Ministry of Digital Transformation
(MDT) and thereafter focused on a review and analysis of the written submissions. Subsequently,
the Committee conducted a Public Hearing with the MDT on February 21, 2024. The approach
adopted by the Committee took into account:
i. Issues identified in the submissions received;
ii. Ministerial Responses; and
iii. Reports in the media.

The Committee made recommendations related to the issues identified. Observations and
recommendations are presented in Chapter 3.

At the Committee’s second meeting held on Wednesday May 19, 2021, your Committee agreed to
commence an inquiry into ‘Deepening Existing Ties and Facilitating New Linkages between the Republic of
Trinidad and Tobago and the Co-operative Republic of Guyana.’ The title of the inquiry was taken from the
remarks of then Minister of Foreign and CARICOM Affairs, Senator the Honourable Dennis Moses
at the opening of the High Commission for the Co-operative Republic of Guyana to Trinidad and
Tobago on February 8, 2017.

The accompanying Financial Statements of the Port of Spain Corporation have been
audited. The Statements as set out on pages 1 to 19 comprise a Report and Financial
Statements (Summarized Revenue and Expenditure) for the year ended 30 th September 2013,
a Consolidated Balance Sheet as at September 30 th 2013, a Cash Flow Statement, a Revenue
Account Summary (page 17), and a Statement of Trust Funds (page 19), for the year ended
30 th September, 2013 and supporting Balance Sheet and Revenue Schedules.

WHEREAS it is enacted by section 8(1) of the Constitution of the Republic
of Trinidad and Tobago that the President may from time to time make
a Proclamation declaring that a state of public emergency exists:

And whereas the President has by Proclamation made on the
30th day of December, 2024, declared that a state of public emergency
exists in the Republic of Trinidad and Tobago:
And whereas it is enacted by section 9(1) of the Constitution that
within three days of the making of the Proclamation, the President
shall deliver to the Speaker for presentation to the House of
Representatives a statement setting out the specific grounds on which
the decision to declare the existence of a state of public emergency was
based, and a date shall be fixed for a debate on this statement as soon
as practicable but in any event not later than fifteen days from the date
of the Proclamation:

This Order may be cited as the Value Added Tax (Amendment to
Schedule 2) Order, 2024.

2. Schedule 2 of the Value Added Tax Act is amended, in relation to
the following items listed in the First Column with the corresponding
description of goods listed in the Second Column and referred to in the
First Schedule to the Customs Act and classified under their respective
tariff heading numbers listed in the Third Column, by deleting the
tariff heading numbers listed in the Third Column and substituting the
tariff heading numbers listed in the Fourth Column in respect of each
item:

This Order may be cited as the Motor Vehicles and Road Traffic
(Amendment to Fourth Schedule) Order, 2024.

2. The Fourth Schedule to the Motor Vehicles and Road Traffic Act
is amended–
(a) in paragraph 9(2)(a) and (b), in relation to an “electric
motor vehicle”, by deleting the tariff heading numbers
listed in the First Column below, and substituting the
tariff heading numbers referred to in the First Schedule to
the Customs Act and listed in the Second Column below:

This Order may be cited as the Trinidad and Tobago Revenue
Authority (Extension of Period) (No. 5) Order, 2024.

2. The period under section 18(2) of the Act is extended to 15th January,
2025.

3. This Order is deemed to have come into effect on 1st August, 2024.

This Order may be cited as the Value Added Tax (Amendment to
Schedule 2) Order, 2024.

2. Schedule 2 of the Value Added Tax Act is amended, in relation to
the following items listed in the First Column with the corresponding
description of goods listed in the Second Column and referred to in the
First Schedule to the Customs Act and classified under their respective
tariff heading numbers listed in the Third Column, by deleting the
tariff heading numbers listed in the Third Column and substituting the
tariff heading numbers listed in the Fourth Column in respect of each
item:

This Order may be cited as the Mutual Administrative
Assistance in Tax Matters (Amendment to Schedule 1) Order, 2024.

2. The Mutual Administrative Assistance in Tax Matters Act is
amended in Schedule 1–
(a) in section I, in paragraph F, by deleting the words
“Notwithstanding Paragraph A, the information to be
reported with respect to 2018 is the information described in
such paragraph, except for gross proceeds described in
subparagraph A(5)(b).” and substituting the words
“A Reporting Financial Institution that does not maintain a
Reportable Account in a calendar year shall file a nil
return.”;

These Regulations may be cited as the Companies (Amendment)
Regulations, 2024.

2. The Companies Regulations are amended–
(a) by inserting after Regulation 17 the following new Part:

“PART IX–BENEFICIAL OWNERSHIP
INFORMATION

18. A company, in ascertaining its
beneficial owners, shall examine its
ownership structure to determine the natural
persons owning or controlling ten per cent or
more of the shares or membership, directly,
indirectly or through other means, and
notwithstanding the ownership being less
than ten per cent, exercising ultimate
effective control indirectly or through other
means.

NP should submit to Parliament a status update on the expected timeframe for the
completion and submission of the audited financial statements for the years 2021, 2022
and 2023 by November 29, 2024.

• Based on the challenges experienced in completing the audited financial statements, NP
should submit to Parliament by November 2024, the mechanisms implemented to
ensure effectiveness in the process of completing and submitting audited financial
statements.

The MOF-ID monitors State Enterprises in accordance with the State Enterprises Performance
Monitoring Manual (SEPMM), July 2011. The Monitoring Process involves the collection of
the various reports submitted by State Enterprises in accordance with Section 3

.2 of the SEPMM,
namely Strategic Plans, Annual Budgets, Financial Statements, monthly Cash Statements of
Operations, monthly Returns of Award of Contracts, quarterly Returns Reports, quarterly
Internal Auditors Reports and Loan/Overdraft/Investments in Securities Portfolios and
Litigation Proceedings Statements as well as any other ad-hoc reports that may be necessary.
These reports are reviewed for accuracy and completeness. Issues such as practicality,
feasibility, adherence to policy guidelines and objectives, methods of financing, including debt
servicing requirements and risk management are assessed.

The outstanding audited financial statements for the years 2021-2023 have been completed.
The Trinidad and Tobago Trade and Investment Promotion Agency Limited is engaging the
Ministry of Finance, Investment Division to set a suitable date for the Annual General Meeting
(AGM) to approve the statements. Following the AGM, the approved audited financial
statements will be submitted to the Parliament.

The EMA prepares an Annual Report as mandated under Section 14 of the Environmental
Management (EM) Act, Chapter 35:05. The report consists of four (4) parts:
(A) an assessment of the state of the environment͖
(B) a description of the EMA’s activities and achievements͖
(C) reports submitted by the Trustees of the Fund including an audited annual report͖ and
(D) an accounting of financial assistance and other funds received.

Incorporated in 2005, the East Port of Spain Development Company Limited (EPOS) is a
special purpose state enterprise with a mandate to “develop and redevelop a zone in East
Port- of-Spain, bounded by Charlotte Street, Lady Young Road and the Eastern Main Road
and including Morvant, Never Dirty and Caledonia, to improve the economic, social and
physical environment of those areas.” Beetham Estates, Sea Lots, and Katanga are also
currently under its jurisdiction.

The Company is incorporated in Trinidad and Tobago, with the majority shareholder
(51%) being the Corporation Sole (Minister of Finance). It was formed by the
Government of the Republic of Trinidad and Tobago (GORTT) as part of a re-
organization exercise to hold its shareholdings in selected state enterprises. The
Company facilitated a public offering on the Trinidad and Tobago Stock Exchange. Its
initial portfolio of investments was:
51 percent shareholding in National Flour Mills Limited (NFM),
51 percent shareholding in Telecommunication Services of Trinidad and Tobago
Limited (TSTT) and
51 percent shareholding in Trinidad Nitrogen Limited (TRINGEN).

The initial shareholdings were transferred at their last audited net asset value by the
Corporation Sole on behalf of GORTT, in exchange for 500,000,000 ordinary shares of
no-par value in the Company. All formation expenses were borne by the Ministry of
Finance.

We have audited the financial statements of The University of Trinidad and Tobago (‘the University’)
which comprise the statement of financial position as at 30 September 2023 and the statements of
income and expenditure and other comprehensive loss, changes in reserves and cash flows for the
year then ended, and a summary of material accounting policies and other explanatory information.
In our opinion, except for the possible effects of the matter described in the basis for qualification
paragraph accompanying financial statements present fairly, in all material respects, the financial
position of the University as at 30 September 2023 and its financial performance and its cash flows
for the year then ended in accordance with International Financial Reporting Standards (“IFRSs”).

We have audited the financial statements of The University of Trinidad and Tobago (’the University’)
which comprise the statement of financial position as at 30 September 2022 and the statements of
income and expenditure and other comprehensive loss, changes in reserves and cash flows for the
year then ended, and a summary of significant accounting policies and other explanatory
information.
In our opinion, except for the possible effects of the matter described in the basis for qualification
paragraph accompanying financial statements present fairly, in all material respects, the financial
position of the University as at 30 September 2022 and its financial performance and its cash flows
for the year then ended in accordance with International Financial Reporting Standards (“IFRSs”).

We have audited the financial statements of Trinidad and Tobago Tourism Business Development Limited, which
comprise the statement of financial position as at 31 December 2023, the statements of comprehensive income,
changes in equity and cash flows for the year then ended, and notes to the financial statements including
a summary of material accounting policy information.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position
of Trinidad and Tobago Tourism Business Development Limited as at 31 December 2023 and its financial
performance and its cash flows for the year then ended in accordance with IFRS Accounting Standards.

We have audited the financial statements of Trinidad and Tobago Tou rism Business Development Limited,
which comprise the statement of financial position as at 31 December 2022, the statements of comprehensive
income, changes in equity and cash flows for the year then ended, and notes to the financial statements
including a summary of significant accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respect s, the financial
position of Trinidad and Tobago Tourism Business Development Limited as at 31 December 2022 and its
financial performance and its cash flows for the year then ended in accordance with International Financial
Reporting Standards (“IFRSs”).

The Health Sector Strategy for the Ministry of Health (MOH) 2021-2025 integrates the mandates set
out in both the official Policy Framework of the Government of Trinidad and Tobago and the National
Development Strategy (2016-2030). These provide the impetus for the delivery of a national health
programme focused on delivering the necessary public goods for the country, where decisions are
made and actions taken are in the best interest of all concerned. In this regard, the alignment of the
Ministry of Health’s 2022 budget estimates and work plan, together with both the Official Policy
Framework and the Vision 2030 strategy, set out to address the identified health objectives.

The Health Sector Strategy for the Ministry of Health (MOH) 2021-2025 is based on the
Government’s Recovery Plan 2021-2025, the National Development Strategy (2016-2030) and
strategic areas of focus for the Ministry of Health. This provides the impetus for the delivery of a
national health programme focused on the delivery of necessary public goods and health services
for the country where decisions are made and actions are taken in the best interest of all
concerned. In this regard, the alignment of the Ministry of Health’s 2021 budget estimates and
its Work Plan with both the Government’s official policy and the Vision 2030 strategy sets out to
address the identified health objectives.

As I present the Ministry of Public
Administration and Digital Transformation’s
Annual Report for the fiscal year 2020, it is
important for me to acknowledge how life as we
know it in 2020 was significantly transformed and
there is no going back. The COVID-19 pandemic
presented some disruptions to our work but it
accelerated our adoption of technology. It brought
to the fore all the digital capacity that we have to
bear on the situation. Hence the theme for this
fiscal’s Annual Report is “Resilience, Competence,
Influence” as my Ministry harnessed these
developments to lead the charge towards a Digital
Trinidad and Tobago.

The Annual Report of the Statutory Authorities Service Commission, on its administration for
the period January 1, 2023 to December 31, 2023 is submitted pursuant to Section 66B of the
Constitution of the Republic of Trinidad and Tobago which states as follows:
66B. “Each Service Commission shall submit to the President, before 1st
October in each year, a report on its administration, the manner of the
exercise of its powers, its methods of functioning and any criteria adopted
by it in the exercise of its powers and functions in the previous year and
the President shall cause the report to be laid within sixty days thereafter
in each House.”

This report outlines the Commission’s activities, accomplishments, successes and challenges
during the year 2023, including its span of control, a statistical representation of the matters
addressed, and comparisons with previous years.

The status of the Audited Financial Statements for the period 2016/2017 through 2020/is as
follows:
< 2016/2017 Completed < 2017/2018 Completed < 2018/2019 and 2019/2020 audits are proposed for commencement in November/December 2024 < 2020/202 1 is schedule to commence upon completion of 20 1 8/20 1 9 and 20 1 9/2020 v) the commencement of the audit of the outstanding Financial Statements for the periods 2021/2022, 2022/2023 and 2023/2024; and

Continued and successful intervention in the lives of children who experienced constant violation of
their rights, characterised the operations of the Children’s Authority of Trinidad and Tobago (CATT) in
the Fiscal Year 2021-2022. Those success stories and the challenges of today and tomorrow are fully
articulated in the Annual Report of the Authority for the year just concluded.

The Report reflects the achievement by the Board of Management, Executive Management, and staff
as it highlights an outstripping by 30 to 40 percent in most areas of our operations, the Key
Performance Indicators (KPIs) set out to be accomplished.

This Report of the Public Administrations and Appropriations Committee (PAAC) for the
Twelfth Parliament contains the details of the Committee’s follow up examination into the
implementation of the recommendations made in the 17th Report of the Public Administration
and Appropriations Committee on the Management and Operations of the Secondary Road
Rehabilitation and Improvement Company Limited (SRRIC).

The Committee in undertaking this examination employed two (2) mechanisms:
i. Written Submissions; and
ii. Public Hearing.

This Report of the Public Administrations and Appropriations Committee (PAAC) for the Twelfth
Parliament contains the details of the examination into the Adequacy of Pharmaceutical and Non-
Pharmaceutical and Other Supplies by the Ministry of Health (MOH).

The Committee in undertaking this examination employed two (2) mechanisms:
i. Written Submissions; and
ii. Public Hearing.

The Committee requested written submissions from the Ministry of Health (MOH) and the National
Insurance Property Development Company Limited (NIPDEC) and thereafter focused on a review
and analysis of the written submissions. Subsequently, the Committee conducted a Public Hearing
with the MOH and NIPDEC on May 15, 2024. The approach adopted by the Committee took into
account:
i. Issues identified in the submissions received and
ii. Reports in the media

The Committee made recommendations related to the issues identified. Recommendations are
presented in Chapter 3.

This Report of the Public Administrations and Appropriations Committee (PAAC) for the
Twelfth Parliament contains the details of the examination into the role of the National Carnival
Commission’s management of Carnival 2023 activities and follow-up on the implementation of
the recommendations made in the Public Accounts Committee’s Twenty-Seventh Report, 11th
Parliament.

The Committee, in undertaking this examination, employed two (2) mechanisms:
i. Written Submissions; and
ii. Public Hearing.

The Committee requested written submissions from the NCC and its line Ministry, Ministry of
Tourism, Culture and the Arts and thereafter focused on a review and analysis of the written
submissions. Subsequently, the Committee conducted a Public Hearing with the NCC and
MTCA on November 08, 2023. The approach adopted by the Committee took into account:
i. Issues identified in the submissions received
ii. Ministerial Responses; and
iii. Reports in the media.

1. Section 66A of the Constitution of the Republic of Trinidad and Tobago declares, that not later
than 3 months after the first meeting of the House of Representatives, the Parliament shall appoint
Joint Select Committees to inquire into and report to both Houses in respect of Government
Ministries, Municipal Corporations, Statutory Authorities, State Enterprises and Service
Commissions, in relation to their administration, the manner of exercise of their powers, their
methods of functioning and any criteria adopted by them in the exercise of their powers and
functions.

2. Pursuant to the foregoing provision, motions approved in the House of Representatives and
Senate on November 20, 2020 and November 17, 2020, respectively, the Joint Select Committee
on Finance and Legal Affairs was established.

Section 12 of the Sugar Industry (Labour Welfare Fund) Regulations requires the Auditor
General to audit the accounts of the Committee. The accompanying Financial Statements of the
Sugar Industry Labour Welfare Committee for the year ended 30th September, 2007 have been
audited. The Statements comprise a Statement of Financial Position as at 30th September, 2007,
a Statement of Comprehensive Income, a Statement of Changes in Equity, a Statement of Cash Flows for the year then ended 30th September, 2007, and Notes to the Financial Statements
numbered 1 to 13.

The accompanying Financial Statements of the Eastern Regional Health Authority for the
year ended September 30, 2017 have been audited. The statements as set out on pages 1 to 26
comprise a Statement of Financial Position as at September 30, 2017, a Statement of
Comprehensive Income, a Statement of Changes in Equity and a Statement of Cash Flows for the
year then ended September 30, 2017 and Notes to the Financial Statements numbered 1 to 22,
including a summary of significant accounting policies.

The accompanying Financial Statements of the Eastern Regional Health Authority for the
year ended September 30, 2016 have been audited. The statements as set out on pages 1 to 26
comprise a Statement of Financial Position as at September 30, 2016, a Statement of
Comprehensive Income, a Statement of Changes in Equity and a Statement of Cash Flows for
the year ended September 30, 2016 and Notes to the Financial Statements numbered 1 to 23,
including a summary of significant accounting policies.

WHEREAS under section 71 of the Constitution of the Republic of Trinidad
and Tobago (hereinafter referred to as “the Commission”) there is established
an Elections and Boundaries Commission (hereinafter referred to as “the
Commission”):

And whereas under subsection (1) of section 72 of the Constitution,
the Commission is charged, inter alia, with the review of the number and
boundaries of the constituencies into which Trinidad and Tobago is divided:

And whereas in accordance with paragraph (a) of the said subsection (1) of
section 72 of the Constitution, the Commission, on the 13th day of March,
2024, submitted to the Honourable Prime Minister, and on the 13th day of
March, 2024, submitted to the Honourable Speaker of the House of
Representatives, a report dated 13th March 2024, and entitled “Year 2024
Report of the Election and Boundaries Commission (on the Review of
Constituency Boundaries pursuant to section 72 of the Constitution of the
Republic of Trinidad and Tobago” (hereinafter referred to as “the Report”) in
which it recommends –

As explained at the RIC’s appearance at the Public Accounts Committee on January 24,
2024, the Commission began its tenure on August 2019 at which time a backlog existed.
The efforts to reduce the backlog were initially stymied by the onset of the COVID19
Pandemic. However, the RIC continued working assiduously with both Madan
Ramnarine & Company and PKF Trinidad and Tobago to clear the backlog of outstanding
audited financial statements.

This Administrative Report for the financial year ended September 30th 2020 is prepared
pursuant to section 43(4)(b) Fair Trading Act Chapter 81:13.
The Administrative Report for the financial year ended September 30th 2020 (“the
Administrative Report of 2020”) seeks to provide an understanding into, inter alia, the
operations of the Fair Trading Commission (FTC) with an overview of the various aspects
of the work of the FTC during the financial year ending September 30th ,2020.

The National Schools Dietary Services Limited (NSDSL) was incorporated as a limited liability
company by Cabinet Minute No. 943 of May 16, 2002, to manage the School Nutrition Programme
(SNP) on behalf of the Ministry of Education.

The NSDSL reports to the Ministry of Finance, as Corporate Sole, and the Ministry of Education
as the line Ministry. As a state-owned enterprise, the NSDSL falls under the scrutiny of the Public
Accounts Enterprises Committee and the Auditor General. The NSDSL also partners with relevant
stakeholders such as the Ministry of Health and the Ministry of Agriculture, Land and Fisheries,
as well as the National Agricultural Marketing and Development Corporation (NAMDEVCO) in
delivering its services.

The Chaguaramas Development Authority
(CDA) is a statutory body of the
Government of the Republic of Trinidad
and Tobago and is governed by the CDA
Act (Chap: 35:02 of the laws of Trinidad &
Tobago). Following the decision to close
the naval base and hand over the
Peninsula to the Government of Trinidad
and Tobago in 1967, the CDA was, by an
Act of Parliament in 1972, established to
undertake the layout and development of
the Northwest Peninsula (the Peninsula)
& Offshore Islands (Gaspar Grande,
Gasparillo, Monos, Huevos and
Chacachacare) in the interest of the
people of Trinidad and Tobago and in
conformity with the requirements of the
Town and Country Planning Act (Chap
35:01).

The Chaguaramas Development Authority (CDA) is a statutory body of the government of
the Republic of Trinidad and Tobago and is governed by the CDA Act (Chap: 35:02 of the
laws of Trinidad & Tobago).
Following the decision to close the naval base and hand over the North West Peninsula (the
Peninsula) to the Government of Trinidad and Tobago in 1967, the CDA was, by an Act of
Parliament in 1972, established to undertake the layout and development of the Peninsula
& Offshore Islands (Gaspar Grande, Gasparillo, Monos, Huevos and Chacachacare) in the
interest of the people of Trinidad and Tobago in conformity with the requirements of the
Town and Country Planning Act (Chap 35:01).

The Chaguaramas Development Authority
(CDA) is a statutory body of the government of
the Republic of Trinidad and Tobago, governed
by the CDA Act (Chap: 35:02 of the laws of
Trinidad & Tobago).

Following the decision to close the naval base
and hand over the Peninsula to the
Government of Trinidad and Tobago in 1967,
the CDA was, by an Act of Parliament in 1972,
established to undertake the layout and
development of the Northwest Peninsula &
Offshore Islands (Gaspar Grande, Gasparillo,
Monos, Huevos and Chacachacare) in the
interest of the people of Trinidad and Tobago
in conformity with the requirements of the
Town and Country Planning Act (Chap 35:01).

This report complies with Section 66D of the Constitution of the Republic of
Trinidad and Tobago. It covers fiscal 2022, i.e., from October 01, 2021, to
September 30, 2022, and provides an overview of the critical aspects of CARIRI’s
operations for the period under review.

This report complies with Section 66D of the Constitution of the Republic of
Trinidad and Tobago. It covers fiscal 2021, i.e., from October 01, 2020, to
September 30, 2021, and provides a synopsis of the critical aspects of CARIRI’s
operations for the period under review.

This report complies with Section 66D of the Constitution of the Republic of
Trinidad and Tobago. It covers fiscal 2020, i.e., from October 01, 2019, to
September 30, 2020. It provides a synopsis of the critical aspects of CARIRI’s
activities for the period under review.

The National Investment Fund Holding Company Limited (NIF) was incorporated in the
Republic of Trinidad and Tobago on May 29 2018 by the Corporation Sole for the purpose
of holding and monetizing assets transferred by the Government of the Republic of
Trinidad and Tobago (GORTT).

We have audited the accompanying financial statements of Port of Spain Shopping Complex Limited
(“the Company”), which comprise the statement of financial position as at September 30, 2022, and the
statement of comprehensive income, statement of accumulated funds and statement of cash flows for the
year then ended, and notes to the financial statements, including a summary of significant accounting
policies.
In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion section of
our report, the accompanying financial statements present fairly, in all material respects, the financial
position of the Company as at September 30, 2022, and its financial performance and its cash flows for the
year then ended in accordance with International Financial Reporting Standards (IFRSs).

We have audited the accompanying financial statements of Port of Spain Shopping Complex Limited
(“the Company”), which comprise the statement of financial position as at September 30, 2021, and the
statement of comprehensive income, statement of accumulated funds and statement of cash flows for the
year then ended, and notes to the financial statements, including a summary of significant accounting
policies.
In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion section of
our report, the accompanying financial statements present fairly, in all material respects, the financial
position of the Company as at September 30, 2021, and its financial performance and its cash flows for the
year then ended in accordance with International Financial Reporting Standards (IFRSs).

We have audited the accompanying financial statements of Port of Spain Shopping Complex Limited
(“the Company”), which comprise the statement of financial position as at September 30, 2020, and the
statement of comprehensive income, statement of accumulated funds and statement of cash flows for the
seven (7) months then ended, and notes to the financial statements, including a summary of significant
accounting policies.
In our opinion, except for the effects of the matter described in the Basis for Qualified Opinion section of
our report, the accompanying financial statements present fairly, in all material respects, the financial
position of the Company as at September 30, 2020, and its financial performance and its cash flows for the
seven (7) months then ended in accordance with International Financial Reporting Standards (IFRSs).

We have audited the consolidated financial statements of Telecommunications Services of Trinidad and Tobago
Limited and its subsidiaries (“the Group”), which comprise the consolidated statement of financial position as at
31 March 2024, and the consolidated statement of comprehensive income/(loss), consolidated statement of
changes in equity and consolidated statement of cash flows for the year then ended and notes to the consolidated
financial statements, including a summary of material accounting policies.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the
financial position of the Group as at 31 March 2024 and its financial performance and its cash flows for the year
then ended in accordance with IFRS Accounting Standards as issued by the International Accounting Standards
Board.

In our opinion, the parent financial statements and the consolidated financial statements present fairly, in
all material respects, the financial position of Point Lisas Industrial Port Development Corporation Limited
(the Parent) and the consolidated financial position of the Parent and its subsidiary (together ‘the Group’)
as at 31 December 2023, and their parent and consolidated financial performance and their parent and
consolidated cash flows for the year then ended in accordance with IFRS Accounting Standards.

The fiscal year 2023 was another challenging one for business
mainly resulting from decreased economic activity, narrower
margins due to reduced mortgage rates and the rising interest rate
environment. Despite these challenges Home Mortgage Bank
persevered and remained resilient, producing another year of
strong results with financial sustainability remaining a key strategic
imperative.

For the year ended December 31, 2023, Total Assets grew
marginally by TTD $22 million ending at TT$3.18 billion compared
to TT$3.16 billion for the prior year. Loans and Advances to
Customers grew by TT$19.8 million while our debt obligations
reduced by 35% or TT$10.7 million. The reduction in debt
obligations positively impacted our gearing ratio moving downward
to 1.59% from 1.66% in the prior year. Return on Assets remained
stable year-on-year at 2.0% while there was a marginal decline in
Return on Equity from 5.7% to 5.2%. HMB continued to maintain a
strong interest cover at 2.28 times for the period under review.

I am pleased to report that our efforts to transform
the company have started to produce the desired
results. For fiscal 2023, NFM earned revenue of
$577M and, through prudent grain purchasing and
other cost management initiatives, reduced cost of
sales by 3% thereby increasing Gross Profit by 63.6%
from $93M in 2022 to $152M in 2023. Operating
profit also increased by $46.9M year-on-year from
$12.4M to $59.3M, and profit after tax increased by
$28.6M from $6.9M to $35.5M in 2023.

We have audited the financial statements of National Infrastructure Development Company Limited, which
comprise the statement of financial position as at 30 September 2019, the statements of comprehensive income,
changes in equity and cash flows for the year then ended, and notes to the financial statements, including a summary
of significant accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position
of the company as at 30 September 2019 and its financial performance and its cash flows for the year then ended in
accordance with International Financial Reporting Standards (“IFRSs”).

This Order may be cited as the Motor Vehicles and Road Traffic
(Amendment to the Ninth Schedule) (No. 2) Order, 2024.

2. The Ninth Schedule to the Motor Vehicles and Road Traffic Act is
amended–
(a) in item 15–
(i) in the Third Column, by deleting the word “1,000.00”
and substituting the word “500.00”; and
(ii) in the Fourth Column, by deleting the word “3” and
substituting the word “2”;
(b) in item 16–
(i) in the Third Column, by deleting the word “1,000.00”
and substituting the word “500.00”; and
(ii) in the Fourth Column, by deleting the word “3” and
substituting the word “2”;
(c) in item 18–
(i) in the Third Column, by deleting the word “1,000.00”
and substituting the word “500.00”; and
(ii) in the Fourth Column, by deleting the word “3” and
substituting the word “2”;
(d) in item 21–
(i) in the Third Column, by deleting the word “1,000.00”
and substituting the word “500.00”; and
(ii) in the Fourth Column, by deleting the word “3” and
substituting the word “2”;

Section 12 of the Sugar Industry (Labour Welfare Fund) Regulations requires the
Auditor General to audit the accounts of the Committee. The accompanying Financial
Statements of the Sugar Industry Labour Welfare Committee for the year ended
30 th September, 2006 have been audited. The Statements comprise a Statement of Financial
Position as at 30th September, 2006, a Statement of Comprehensive Income, a Statement of
Changes in Equity, a Statement of Cash Flows for the year then ended 30th September, 2006, and
Notes to the Financial Statements numbered 1 to 13.

Trafficking in Persons, commonly referred to as “trafficking in human beings, human trafficking, or modern-
day slavery,” is recognized as one of the most heinous crimes against a person. Every country in the world
is affected by human trafficking, either as a source country from where victims are procured or recruited;
a transit country through which victims are transported or transferred; or a destination country where
victims are held and exploited by traffickers.

The Covid-19 pandemic that battered the economies of countries across the globe since 2020 increased
the vulnerabilities of already marginalized populations making them more susceptible to the guiles of
human traffickers. The crime of trafficking in persons and the identification of victims became more
difficult to detect as traffickers moved their operations online and into private homes and apartments.
More young people were lured into sex trafficking having been groomed online by traffickers who took
advantage of all the social media platforms increasingly used by the younger generation.

Human trafficking is a hidden crime that affects the most vulnerable in society. The Covid-19 pandemic
(the pandemic) which erupted in 2020 and continued in 2021, worsened existing poverty, and
vulnerabilities as the measures implemented to control the spread of the virus in 2020 caused the rapid
decline of economic conditions and severe financial difficulties for many in society. As social distancing
guidelines led to a virtual existence in both personal and professional life, human trafficking moved to a
virtual online platform.

Countries slowly re-opened their borders in 2021 albeit with many restrictions such mandatory Covid-19
testing and travel authorization prior to embarkation. Traffickers responded to the new reality the
pandemic created, by increasing online sexual exploitation, recruiting victims and grooming young girls
for sexual exploitation on social media and apps such as Tinder, Instagram, Twitter, Snapchat, YOLO,
and Lemon. Pornographic imageries online increased significantly along with the sexual exploitation
of adults and children which continued in private homes and apartments. The growth of online trafficking
in persons severely impacted the detection of victims.

Trafficking in persons is a covert activity involving hidden populations exploited in various forms, in all
countries worldwide and disproportionately affects the most vulnerable in society. The Covid-19 pandemic
(the pandemic) which erupted in 2020, exacerbated existing disadvantages, poverty, and vulnerabilities in
every country.

The pandemic changed how we lived, worked, learned, and interacted with each other. The closure of
workplaces, lockdowns, curfews, and implementation of measures to control the spread of the virus and
the rapid decline of economic conditions led to massive job losses and severe financial difficulties for many
in society. While social distancing guidelines led to a virtual existence in both personal and professional
life, human trafficking, already a hidden crime, was driven further underground as most business and
activities moved to a virtual online platform.

Trafficking in Persons, commonly referred to as human trafficking, or modern-day slavery, is the criminal
practice of exploitation of human beings. Traffickers, those intent on exploiting an individual, prey on the
vulnerabilities of their victims, selecting those that they think will be most compliant. They offer false
promises of lucrative jobs, income, stability, education, even romance, to attract people experiencing
vulnerabilities such as poverty, unemployment, irregular immigration status, abuse, and family crises,
deceiving them into thinking their life situation will get better. Once in the hands of the traffickers, the
unsuspecting victims may be subjected to violence, rape, sexual assault, food deprivation, emotional
abuse, manipulation, or torture. The life of a victim of human trafficking is one of prolonged and repeated
trauma.

Victims may be of any sex, age, ethnicity, or social status however, globally, and here in Trinidad and
Tobago, the data suggests that victims are almost always female, typically children, teenagers, or young
adults, who are experiencing some form of economic hardship. The data also shows that migrants are
predominantly vulnerable to human trafficking in the country of destination or detection.

The Annual Report on Trafficking in Persons in the Republic of Trinidad and Tobago serves to provide insight
into the depth and scale of human trafficking in this country. It presents data to improve our understanding
of human trafficking and shows trends for policy development and operational planning and improvement.

The Annual Report on Trafficking in Persons in the Republic of Trinidad and Tobago serves to provide insight
into the depth and scale of human trafficking in this country. It presents data to improve our understanding
of human trafficking and shows trends for policy development and operational planning and improvement.

Trafficking in Persons, commonly referred to as “trafficking in human beings, human trafficking, or modern-
day slavery,” is recognized as one of the most heinous and shameful crimes against a person. Every country
in the world is affected by human trafficking, either as a source country from where victims are procured
or recruited; a transit country through which victims are transported or transferred; or a destination
country where victims are held and exploited by traffickers.

The Protocol to Prevent, Suppress, and Punish Trafficking in Persons, especially Women and Children,
supplementing the United Nations Convention against Transnational Organized Crime, provides the first
internationally accepted definition of Trafficking in Persons.

Statement by the Honourable Minister of Finance on the Report on the
Operations of the National Insurance Board of Trinidad and Tobago (NIBTT)
and Audited Financial Statements for the Financial Year ended June 30, 2024
House of Representatives
November 22, 2024

I have been authorised by Cabinet to make this Statement on the
Operations of the National Insurance Board of Trinidad and Tobago
(NIBTT) and Audited Financial Statements for the Financial Year ended
June 30, 2024.

The Fourth Session of the 12th Parliament began on Monday September 11, 2023 by Proclamation [Legal Notice 267 of 2023] and prorogued
on Tuesday September 10, 2024 by Proclamation of Her Excellency [Legal Notice 163 of 2024].
This report outlines the business of the Parliament of the Republic of Trinidad and Tobago which was conducted during the Fourth Session
of the Twelfth Parliament.

This document is in response to a request made by the Parliament of the Republic of Trinidad and Tobago
for an annual report on the exercise of the functions and powers of the Arima Municipal Corporation in
accordance with Section 66D of the Constitution.
The Document is divided into eleven sections. The First section describes the general functions of the
Arima Corporation (also referred to as the Arima Municipal Corporation (AMC) and the Arima Borough
Corporation (ABC) giving its background, mission, vision and overall structure.

As we prepare to draw the curtain on our term. I want to talk to you about what we have went
through together and what we must achieve in the upcoming year. From December 5th 2016 we the
council saw ourselves as no ordinary council. We became first responders in times of natural
disaster. As Mayor, there was nothing I asked of my council that I was not willing to and very
often did for myself. With the level of action came a backlash like never before. As your Mayor –
I’m determined that the negative narratives pushed by those with a not so hidden agenda will not
be our future, your unkind words will not define us, nor will we allow it to.

Let me be clear – we have endured too many deaths. I thank God for a fierce TTPS and a dedicated
Fire service second to none.

The Export-Import Bank of Trinidad and Tobago Ltd – EXIMBANK, remains the country’s official Export
Credit Agency (ECA). The bank has maintained its leadership position as the preferred option for export
financing with a primary focus on developing the export potential of Trinidad and Tobago as a mechanism to
diversify the economy and increase non- energy forex earnings. EXIMBANK was created to satisfy the export
needs of a rapidly expanding economy. The bank’s core function is to conduct the business of a “Confirming
House, Acceptance House, Finance Company and Financial Services” to satisfy the export needs of the
domestic economy and expand trade opportunities for small and medium size enterprises in the non-energy
export sector.

Section 12 of the Sugar Industry (Labour Welfare Fund) Regulations requires the
Auditor General to audit the accounts of the Committee. The accompanying Financial
Statements of the Sugar Industry Labour Welfare Committee for the year ended
30 th September, 2006 have been audited. The Statements comprise a Statement of Financial
Position as at 30 th September, 2006, a Statement of Comprehensive Income, a Statement of
Changes in Equity, a Statement of Cash Flows for the year then ended 30 th September, 2006, and
Notes to the Financial Statements numbered 1 to 13.

The Public Accounts (Enterprises) Committee (PA(E)C) is the Parliamentary Financial Oversight
Committee tasked with the responsibility of examining the audited accounts of all State
Enterprises that are owned or controlled by the state. The Committee conducted an examination
of the audited accounts, balance sheets and other financial statements of the Urban
Development Corporation of Trinidad and Tobago Limited, UDeCOTT, for the financial years
2016 to 2018, and follow up on the implementation of the recommendations in the Committee’s
first report of the 12th Parliament and produced this report. This report details the issues,
endorsements and recommendations made by the Committee to improve UDeCOTT’s
performance.

The Public Accounts Committee (PAC) is the Parliamentary Financial Oversight Committee
tasked with the responsibility of examining the Report of the Auditor General and Audited
Accounts of Statutory Authorities and Bodies. The Committee presents its Eighteenth Report of
the Twelfth Parliament, which details its examination of the reports of the Auditor General on
the financial statements of the National Agricultural Marketing and Development Corporation
(NAMDEVCO) for the financial years 2014 to 2021 & Follow-up on the implementation of the
recommendations contained in the Public Accounts Committee’s Twenty-Third Report from the
Eleventh Parliament.
This report sets out the issues raised as well as the observations made and recommendations
proposed by the Committee.
During this inquiry, the following issues arose:
1. Status of Outstanding Audited Financial Statements;
2. Auditor’s Opinions on NAMDEVCO’s Financial Statements ;
3. Government Subvention;
4. Strategic Plan;
5. Human Resources;
6. Issues with AgriPrice Mobile App;
7. Accounts Receivable; and
8. Customer Service Issues.

At the Committee’s Twelfth meeting held on Wednesday November 15, 2023, the Committee
identified the following entities for examination during the Fourth Session of the 12th Parliament:

 Urban Development Corporation of Trinidad and Tobago Limited
 Vehicle Management Corporation of Trinidad and Tobago Limited Trinidad and
Tobago
 National Export Facilitation Organisation of Trinidad and Tobago;
 National Petroleum Marketing Company Limited;
 Trinidad Petroleum Holdings Limited;
 National Flour Mills Limited; and
 Trinidad and Tobago Mortgage Finance Company Limited.

The Financial Statements of the Public Transport Service Corporation (the Corporation)
for the year ended 30 th September, 2020 have been audited. The Statements as set out on pages
1 to 3 1 as seen in the Financial Statements comprise a Statement of Financial Position as at
30 th September, 2020, and a Statement of Comprehensive Income, a Statement of Changes in
Equity and a Statement of Cash Flows for the year ended, and Notes to the Financial Statements
numbered 1 to 31, including a summary of significant accounting policies.

The accompanying Financial Statements of the Sport and Culture Fund for the year ended
31 December 2012 have been audited. The Statements as set out on pages 1 to 1 1 comprise a
Statement of Financial Position as at 31 December 2012 and the Statement of Comprehensive
Income, a Statement of Cash Flows and a Statement of Accumulated Fund for the year ended
31 December 2012 and Notes to the Financial Statements numbered 1 to 7 including a
summary of significant accounting policies.

The Statement of the Recovery of Expenses of the Ministry of Energy and Energy
Industries (the Statement), for the year ended December 31, 2023 has been audited. The
Statement is supported by Schedules numbered 1 to 5, including Notes numbered 1 to 4.

2. In my opinion, the Statement as outlined at paragraph one above presents fairly, in
all material respects, the amounts recoverable by the Ministry of Energy and Energy
Industries in respect of the expenses of the administration of the petroleum industry for the
year ended December 31, 2023 as shown by the records of the Ministry of Energy and Energy
Industries and according to information and explanations provide by management of the
Ministry of Energy and Energy Industries.

The accompanying Financial Statements of the Criminal Injuries Compensation Board
for the year ended September 30, 201 1 have been audited. The statements as set out on pages
3 to 10 comprise a Statement of Financial Position as at September 30, 2011, a Statement of
Comprehensive Income, a Statement of Equity and a Statement of Cash Flows for the year
then ended, and Notes to the Financial Statements numbered 1 to 8, including a summary of
significant accounting policies.

IT IS HEREBY NOTIFIED that I, CHRISTINE CARLA KANGALOO, President, after
consultation with the Prime Minister and the Leader of the Opposition, in accordance with
section 122(3) of the Constitution of the Republic of Trinidad and Tobago, do hereby
nominate MR. ROGER BABOORAM, a person who is qualified and experienced in the
discipline of management to be appointed as a member of the Police Service Commission.

IT IS HEREBY NOTIFIED that I, CHRISTINE CARLA KANGALOO, President, after
consultation with the Prime Minister and the Leader of the Opposition, in accordance with
section 122(3) of the Constitution of the Republic of Trinidad and Tobago, do hereby
nominate MS ETHEL HECTOR-BERKELEY, a person who is qualified and experienced
in the discipline of management to be appointed as a member of the Police Service
Commission.

IT IS HEREBY NOTIFIED that I, CHRISTINE CARLA KANGALOO, President, after
consultation with the Prime Minister and the Leader of the Opposition, in accordance with
section 122(3) of the Constitution of the Republic of Trinidad and Tobago, do hereby
nominate MS ANNIKA FRITZ-BROWNE, a person who is qualified and experienced in the
discipline of law to be appointed as a member of the Police Service Commission.

IT IS HEREBY NOTIFIED that I, CHRISTINE CARLA KANGALOO, President, after
consultation with the Prime Minister and the Leader of the Opposition, in accordance with
section 122(3) of the Constitution of the Republic of Trinidad and Tobago, do hereby
nominate DR. WENDELL C. WALLACE, a person who is qualified and experienced in the
discipline of law to be appointed as a member of the Police Service Commission.

…

These Regulations may be cited as the Defence (Pensions,
Terminal and Other Grants) (Amendment) Regulations, 2024.

2. In these Regulations, “the Regulations” means the Defence
(Pensions, Terminal and Other Grants) Regulations.

3. Regulation 3(3) of the Regulations is amended by deleting
paragraph (a) and substituting the following paragraph:
“(a) an officer (other than a Major General, Rear Admiral or Air
Vice Marshall) or other rank who has attained at least
nineteen years of colour service but has not yet attained
twenty years of colour service may, on the recommendation
of the Chief of Defence Staff, be permitted by the Minister
to continue his colour service for such period, not exceeding
one year, as the Minister in his discretion may determine,
and any such continued service shall be counted as
pensionable service for the purposes of these Regulations;”.

In 2014, Cabinet agreed to delay the proclamation of sections 42-52 of the Children’s
Community Residences, Foster Homes and Nurseries Act, Chap. 46:04, which governs, inter
alia, the monitoring, licensing and regulating of nurseries. At that time, the regulations giving
effect to the aforementioned sections had not been developed and the requisite training of
nursery providers had not been undertaken to enable them to meet the proposed licensing
standards. Since then, the GORTT has taken the following steps to facilitate the proclamation
of sections 42-52 of the aforementioned Act that are related to the management and regulation
of nurseries:

The Trinidad and Tobago Bureau of Standards (TTBS), is defined by its legislative mandate from the
Standards Act (No. 18 of 1997) and the Metrology Act (No.18 of 2004). TTBS is the national body with
responsibilities for the following:
• the National Standards Body which is responsible for the development and establishment of
National Standards (both voluntary and compulsory);
• the National Quality Certifying Body, providing Conformity Assessment services, to enforce
Compulsory National Standards and support industry, which included:
o Inspection;
o Laboratory Testing;
o Certification of Products, Management Systems & Tourism Services;
• the National Metrology Institute; and
• the National Laboratory Accreditation Body.

We have audited the financial statements of National Maintenance Training and Security Company Limited which comprise the
statement of financial position as at 31 s ‘ December, 2023 and the statement of comprehensive income, statement of changes in equity
and statement of cash Hows for the year then ended, and notes to the financial statements, including a summary of significant
accounting policies.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of National
Maintenance Training and Security Company Limited as at 31 st December, 2023 and its financial performance and its cash Hows for
the year ended in accordance with International Financial Reporting Standards (*1FRS*).

By letter dated October 18, 2023, Her Excellency, the President of the
Republic of Trinidad and Tobago conveyed her approval for the Salaries Review Commission
(SRC) to determine the salary and other terms and conditions of service
for the office of Deputy Director General-Enforcement (DDG-Enforcement),
Enforcement Division, Trinidad and Tobago Revenue Authority (TTRA), Ministry of Finance.
The office was placed within the purview of the SRC by virtue of Legal Notice No. 299 dated
September 28, 2023.

The 120th Report of the Salaries Review Commission (SRC), laid in the Parliament of Trinidad and Tobago in early 2024, serves as a revised follow-up to the controversial 117th Report. Following the Cabinet’s rejection of previous recommendations due to “anomalies” regarding judicial pay, this updated review proposed widespread salary increases across the top tier of the public service and the judiciary.

The report recommended significant pay hikes—often ranging from 20% to 30%—for the President, Prime Minister, Cabinet Ministers, and Judges. While aimed at adjusting compensation to modern economic realities, the report faced public and political scrutiny regarding its timing and the methodology used for the increases.

IT IS HEREBY NOTIFIED that I, CHRISTINE CARLA KANGALOO, President, after
consultation with the Prime Minister and the Leader of the Opposition, in accordance with
section 122(3) of the Constitution of the Republic of Trinidad and Tobago, do hereby
nominate MR. IAN KEVIN RAMDHANIE, a person who is qualified and experienced in the
discipline of sociology to be appointed as a member of the Police Service Commission.

The accompanying Financial Statement of the Point Fortin Civic Centre (the Centre) for
the year ended 30 th September 2022 has been audited. The Statement comprise an Income and
Expenditure Statement for the year ended 30 th September 2022 and Notes to the Financial
Statement numbered 1 to 5.
2. In my opinion, the accompanying Financial Statement present fairly, in all material
respects, the Income and Expenditure for the year 30 th September 2022 in accordance with the
cash basis of accounting.

The accompanying Financial Statements of the National Lotteries Control Board for the year ended
30 September 2013 have been audited. The statements as set out on pages 3 to 21 comprise a
Statement of Financial Position as at 30 September 2013, a Statement of Comprehensive Income,
a Statement of Changes in Equity and a Statement of Cash Flows for the year ended
30 September 2013 and Notes to the Financial Statements numbered 1 to 21, including a summary
of significant accounting policies.

The Financial Statements of the Airports Authority of Trinidad and Tobago
(the Authority) for the year ended 31 December 2020 have been audited. The statements as set
out on pages 3 to 36 comprise a Statement of Financial Position, as at 3 1 December 2020 and the
Statement of Profit or Loss and Other Comprehensive Income, a Statement of Changes in Equity
and a Statement of Cash Flows for the year ended 3 1 December 2020, and Notes to the Financial
Statements numbered 1 to 25, including a summary of significant accounting policies.

The accompanying Financial Statements of the Accreditation Council of Trinidad and
Tobago for the year ended 30 September 2016 have been audited. The Statements comprise a
Statement of Financial Position as at 30 September 2016, a Statement of Comprehensive Income,
a Statement of Changes in Accumulated Fund, a Statement of Cash Flows for the year ended 30
September 2016 and Notes to the Financial Statements numbered 1 to 18.

This Report should be read in conjunction with the
Report of the Auditor General on the Public Accounts of the
Republic of Trinidad and Tobago for the financial year 2023

By letter dated March 17, 2014, His Excellency the President conveyed approval
for the Salaries Review Commission (SRC) to review the salary and other conditions of
service of the office of Lay-assessor, Equal Opportunity Tribunal. This office was
placed within the purview of the SRC by virtue of Legal Notice No. 285 dated November
20, 2000.

By correspondence dated June 21, 2024, the Hon. Deputy Esteban Lazo
Hernandez, President of the National Assembly of the People’s Power of Cuba
(“National Assembly”), invited the Hon. Bridgid Mary Annisette-George, MP,
Speaker of the House of Representatives to undertake an official visit Cuba. (A
copy of the Invitation Letter is attached in Appendix 2)

2. The Parliamentary delegation comprised the following persons:
• Hon. Bridgid Mary Annisette-George, MP – Speaker of the House and
Leader of the Delegation;
• Hon. Lisa Morris-Julian, MP – Minister in the Ministry of Education;
• Mr. Rudranath Indarsingh, MP – Member for Couva South;
• Sen. Helon Francis – Independent Senator;
• Mr. Julien Ogilvie – Deputy Clerk and Secretary to the Delegation.

The Inter-Parliamentary Union is the international organization of Parliaments and was
established in 1889.

The Union is the focal point for world-wide parliamentary dialogue and works for peace
and co-operation among peoples and for the firm establishment of representative
democracy.

Mr. President, I have been authorised by the Cabinet to make the following
statement on the Final Report of the Investigative Team appointed by the
Honourable Attorney General to inquire and report into the facts and
circumstances surrounding CV 2020-01243 Shervon Peters and The Attorney
General of Trinidad and Tobago.

Mr. President. Members of this august Chamber will recall my previous remarks in
this very Chamber on the 4th July and 9th September, 2024, when I piloted and
wound-up debate on The Miscellaneous Provisions (Judicial and Legal Service) Bill,
2024, which has now been passed into law as Act No. 14 of 2024, The
Miscellaneous Provisions (Judicial and Legal Service) Act, 2024.

This Report outlines the performance of the Teaching Service Commission (TSC) with
respect to its constitutional mandate. It addresses the objectives set out in its Goals for
2023 and indicates the achievements, the challenges and opportunities that the
Commission experienced during the term.

The Police Service Commission is an independent body established in accordance with Section
122 of the Constitution of the Republic of Trinidad and Tobago. It is one of the four Service
Commissions established under the Constitution.

1.1 ROLE AND FUNCTION OF THE POLICE SERVICE COMMISSION
Section 123 (1) of the Constitution gives the Police Service Commission the power to:
a) appoint persons to hold or act in the office of Commissioner and Deputy
Commissioner of Police;
b) make appointments on promotion and to confirm appointments;
c) remove from office and exercise disciplinary control over persons holding or
acting in the offices specified in paragraph (a);

This Core Value Statement represents what exporTT stands for. We are “customer-centric”. It is
through a close working relationship with exporters, would-be exporters and key stakeholders that
we will be able to fine-tune our services to best meet their needs and achieve our overall corporate
objectives. The quality of our customer service relies on being knowledge-based and results-
oriented thereby adding real value to exporters.
Our credibility demands that we retain a strong sense of integrity while delivering excellence
through teamwork and innovation.

The Annual Administrative Report 2021 provides information on the Ministry’s Corporate Structure,
Legislative and Regulatory Frameworks, Reporting Functions, Financial Operations, Human Resource
Development Plans and Procurement Procedures. Also included are the achieved initiatives of the
various Units within the Ministry whose strategic operations are aligned to eight (8) Corporate
Objectives:
i. Poverty Reduction
ii. Build Families
iii. Empower Persons with Disabilities
iv. Improve the well-being of Older Persons
v. Reduce the number of Socially Displaced Persons
vi. Reduce Substance Abuse in the population
vii. Strengthen Planning and Development Systems
viii. Improve Performance
A Summary of the overall performance of the Ministry of Social Development and Family Services
(MSDFS) and the Statutory Boards under its purview for fiscal 2021 is presented hereunder

During the 2018/2019 fiscal year, the National Institute of Higher Education (Research, Science
and Technology) [NIHERST] remained steadfast and focused on its mission to build Trinidad and
Tobago’s capacity in Science, Technology and Innovation (STI) and embarked on several new
initiatives; key among which was the completion of its new Strategic Plan 2020-2022.

During the 2018/2019 fiscal year, the National Institute of Higher Education (Research, Science
and Technology) [NIHERST] remained steadfast and focused on its mission to build Trinidad and
Tobago’s capacity in Science, Technology and Innovation (STI) and embarked on several new
initiatives; key among which was the completion of its new Strategic Plan 2020-2022.

REPUBLIC OF
TRINIDAD AND TOBAGO
DRAFT ESTIMATES
OF THE
REVENUE AND EXPENDITURE
OF THE
STATUTORY BOARDS AND
SIMILAR BODIES
AND OF THE
TOBAGO HOUSE OF ASSEMBLY
FOR THE FINANCIAL YEAR
2025

Section 12 of the Sugar Industry (Labour Welfare Fund) Regulations requires the Auditor
General to audit the accounts of the Committee. The accompanying Financial Statements of the
Sugar Industry Labour Welfare Committee for the year ended 30 th September, 2005 have been
audited. The Statements comprise a Statement of Financial Position as at 30 th September, 2005,
a Statement of Comprehensive Income, Statement of Changes in Equity, a Statement of Cash
Flows for the year then ended 30 th September, 2005, and Notes to the Financial Statements
numbered 1 to 13.

Following four years of turbulence triggered by a devastating pandemic, deepening geo-economic
fragmentation, surging inflation, and widespread monetary policy tightening, the global economy in
2024 seems to be trending toward a ‘soft landing’. According to the International Monetary Fund’s (IMF)
latest projections, growth for 2024 will hold steady around 3.2 percent owing to markets rebounding as central
banks exit constrained monetary policy; easing financial conditions; equity valuations rising; capital flows to most
emerging market economies (excluding China) being buoyant, and some low-income countries and frontier
economies regaining market access.

State Enterprises are established for the enhancement
of efficiency and effectiveness in the delivery of public
goods and services. They are mainly incorporated under
the Companies Act (as amended), with the overall
objective of supporting Government Policy for the socio-
economic development of Trinidad and Tobago.
The State Enterprises Sector comprises 47 companies of
which 37 are wholly owned, 6 are majority owned and
4 of which the Government of the Republic of Trinidad
and Tobago (GORTT) has a minority shareholding. A
complete list of the State Enterprises is at Appendix I.

The Tobago House of Assembly (THA) is a body corporate according to Section 5 (1) of
the THA Act No 40 of 1996.[1]. Under the Fifth Schedule of the Act, the THA is charged
with the following responsibilities for Tobago:

· Finance – the collection of revenue and the meeting of expenditure
incurred in the carrying out of the functions of the Assembly;
· State Lands;
· Land and marine parks;
· Museums, archives, historical sites and historical buildings;
· Public buildings and the maintenance of the residences of the
President and the Prime Minister;
· Tourism;
· Sports;
· Culture and the Arts;
· Community Development;
· Co-operatives;
· Agriculture;
· Fisheries;
· Food Production;
· Forestry;

The Public Sector Investment Programme (PSIP), which is essentially the capital development
programme of the Government, remains the main vehicle through which national and
sectoral socio-economic and environmental development goals are realised. The PSIP
translates policies and plans into concrete projects and programmes. The design and
implementation of these projects and programmes that comprise the PSIP create wealth,
build assets, facilitate employment, generate revenues, enhance human capital, and protect
the vulnerable, all aimed at improving the standard of living and quality of life of citizens in
Trinidad and Tobago.

As global societies continue to learn from the phenomenal effects of the COVID-19 pandemic, as well
as the need to develop more cost-effective, impactful approaches for social protection, the world is now
being described as one that is in ‘poly-crisis’. The term ‘poly-crisis’ as originally coined by French
theorist Edgar Morin, refers to the various crises in economics, politics, geopolitics and the environment,
which are feeding into each other, exacerbating already difficult circumstances.1 Currently, the term is
apt for describing the interplay between the COVID-19 pandemic, the war in Ukraine and the energy,
cost-of-living and climate crises.2

REPUBLIC OF TRINIDAD AND TOBAGO
DRAFT ESTIMATES
OF
DEVELOPMENT PROGRAMME
FOR THE FINANCIAL YEAR
2025

REPUBLIC OF
TRINIDAD AND TOBAGO
DRAFT ESTIMATES
OF THE
REVENUE AND EXPENDITURE
OF THE
STATUTORY BOARDS AND
SIMILAR BODIES
AND OF THE
TOBAGO HOUSE OF ASSEMBLY
FOR THE FINANCIAL YEAR
2025

REPUBLIC OF TRINIDAD AND TOBAGO
DRAFT ESTIMATES
OF
DEVELOPMENT PROGRAMME
FOR THE FINANCIAL YEAR
2025

REPUBLIC OF
TRINIDAD AND TOBAGO
DRAFT ESTIMATES
OF EXPENDITURE FOR THE
FINANCIAL YEAR

Caroni (1975) Limited (Caroni) was incorporated on March 26 1975 in the
Republic of Trinidad and Tobago and is a wholly owned State Enterprise. In
1976, Caroni (1975) Limited purchased the entire Issued Share Capital of Caroni
Limited and by the Caroni (1975) Limited Vesting Act 1978, all property, rights,
liabilities, obligations and other things of every kind were transferred from Caroni
Limited to the Company on 15 th November 1978, from which date the company?s
trading commenced. Caroni operates under the provisions of the Companies Act
1995 with its registered office located at Light Pole 11, Brechin Castle, Couva.

The Committee embraced the following objectives for constitutional reform at this juncture in our
history: (a) expanding rights and freedoms and promoting democratic values; (b) ensuring
efficient, effective government focused on equitable economic growth and development; (c)
building/fostering political consensus; (d) creating mechanisms for collaboration and power-
sharing; (e) effecting greater separation of powers between the Executive and Legislature; (f)
fostering real accountability and timely justice; (g) engendering the taking of personal
responsibility; and (h) promoting positive peace, that is, pre-empting conflict and channelling
disagreements productively.

The Public Accounts (Enterprises) Committee (PA(E)C) is the Parliamentary Financial
Oversight Committee tasked with the responsibility of examining the audited accounts of all
State Enterprises that are owned or controlled by the state. The Committee conducted an
examination of the Audited Accounts, Balance Sheets and other Financial Statements of
the VMCOTT for the financial years 2015 and 2016 and follow-up on the implementation
of the recommendations in the Committee’s Second Report, 12th Parliament and produced
this report. This report details the issues, endorsements and recommendations made by the
Committee to improve VMCOTT’s performance.
The Report focuses on the following issues:
1. Late submission of Audited Financial Statements
2. Status of the Outstanding Debt Owed
3. Diversification of VMCOTT’s Services
4. The non-patronage of VMCOTT’s services by Ministries and Departments
5. Status of the High Staff Turnover and Low Staff Retention
6. Status of the High Staff Turnover and Low Staff Retention
7. On-hand Inventory of outdated Spare Parts

The Public Accounts Committee (PAC) is the Parliamentary Financial Oversight Committee
tasked with the responsibility of examining the Report of the Auditor General and Audited
Accounts of Statutory Authorities and Bodies. The Committee presents its 17th Report of the
Twelfth Parliament, which details its examination of the Reports of the Auditor General on the
Financial Statements of the Regulated Industries Commission for the financial years 2014-2018
highlighting its findings.
This report sets out the issues raised and the recommendations proposed by the Committee.
During this inquiry, the following issues arose:
 Outstanding Audited Financial Statements
 Outdated Legislative Framework
 Quality of Service Standards (QSS) and Compliance Framework
 Risk Management and Internal Audit
 Strategic Plan 2020-2024
 Public Awareness
 Human Resources

The Public Accounts (Enterprises) Committee (PA(E)C) is the Parliamentary Financial
Oversight Committee tasked with the responsibility of examining the audited accounts of all
State Enterprises that are owned or controlled by the state. The Committee conducted an
examination of the Audited Accounts, Balance Sheet and Other Financial Statements of
Trinidad and Tobago National Petroleum Marketing Company Limited and Its
Subsidiaries (NP) for the fiscal years 2018 and 2019 and follow-up on the implementation
of the recommendations contained in the Committee’s Sixteenth Report, 11th Parliament
and produced this report. This report details the issues and recommendations made by the
Committee to improve NP’s performance.
The Report focuses on the following issues:
1. Lack of Performance Monitoring by Ministry of Finance – Investments Division
1. The Status of the Outstanding Audited Financial Statements
2. The Status of the Strategic Plan 2025-2030
3. Inefficient Contract Management
4. NP’s Financial Position and its Profitability
5. Non – Implementation of Project Management Office
6. The Recovery of Aviation Services Revenue
7. Human Resource Challenges
8. The status of the completion of NP’s asset verification exercise.