Govt repays $4.2B in bonds

He also said since assuming office in September 2015, Government borrowed US$1 billion in a road show that he spearheaded last year. Imbert said $9.16 billion was also borrowed through loans and bonds, “both internationally and locally since September 2015.

Imbert also disclosed that the total amount paid to Ernst and Young for audits done on various State entities since September 2015 is $18,158,929.76. The outstanding monies to be paid to the firm is $1,979,124.89. The minister said he will present the Mid-Year Review in the first half of May and property tax will be implemented before the end of fiscal 2017.

Speaker of the House of Representatives, Bridgid Annisette- George, later granted permission to Caroni Central MP Dr Bhoe Tewarie to debate property tax as a matter on the adjournment of the House at 6 pm.