Minister of Planning and Development, Camille Robinson-Regis announced that Cabinet has made a decision to establish a waste recycling authority which will function under the Solid Waste Management Company (SWMCOL). Robinson-Regis said, “We will continue to pay specific attention to a sustainable management of the environment and strengthen the efficient coordination of a waste recycling system to protect human health and the environment."

Minister of Finance, Colm Imbert said work on separating the Heritage and Stablisation Fund into two components will be completed soon. He said under the new arrangement the Heritage component will not be touched unless very specific criteria are satisfied while the Stabilisation component will be used to assist when there is a shortfall in revenue. Imbert also indicated that the new property tax regime will be announced shortly. He said contrary to some reports, the tax will be calculated based on the annual rental value of the property and not on the sale or purchase price.

He also revealed that his Ministry will be hiring 248 persons to assist with the valuation and field assessment process.

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