Post Cabinet Press Briefing - March 23, 2017

Photo Caption: (L-R): The Honourable Colm Imbert, Minister of Finance; the Honourable Stuart Young, Minister in the Office of the Prime Minister and Minister in the Ministry of the Attorney General and Legal Affairs; and the Honourable Camille Robinson-Regis, Minister of Planning and Development address the media at this week's Post Cabinet Press Briefing. (Photo Courtesy: Office of the Prime Minister)

March 23, 2017:

The Honourable Stuart Young, Minister in the Office of the Prime Minister and Minister in the Ministry of the Attorney General and Legal Affairs, hosted the Post Cabinet Press Briefing today (Thursday 23rd March, 2017) at the Diplomatic Centre, St. Ann’s. Minister Young expressed condolences on behalf of the Cabinet of Trinidad & Tobago to the people of the UK in light of yesterday's attack.

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.

END

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