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Finance Minister Colm Imbert has said he was concerned when he saw the value of the Heritage and Stabilisation Fund (HSF) decreasing in 2022. However, the advice given to him was: Wait it out. This, he said, was because 2022 was a particularly unpredictable year. Now, in 2023, he boasts that the fund is at
THE Heritage and Stabilisation Fund (HSF) recorded a Net Asset Value (NAV) of US$5.466 billion ($37.17 billion) on Friday, Finance Minister Colm Imbert stated yesterday.
OPPOSITION Leader Kamla Persad-Bissessar has called the Government “negligent” over the decline of the Heritage and Stabilisation Fund (HSF) by more than $6 billion and said the loss has caused
Ex-Central Bank governor Jwala Rambarran says the loss of US$913.5 million incurred by the Heritage and Stabilisation Fund (HSF) in 2022 should "disturb us all." He described it as a "grave fiscal irresponsibility." In its annual report last week, the HSF revealed that it recorded its first-ever loss at a total of US$913,456,918. It said
OPPOSITION Senator Wade Mark says Russia's invasion of Ukraine, one year ago, helped slightly boost TT's economy in relation to the energy sector. Mark was speaking in the Senate on Tuesday morning during the second reading of the Finance (Supplementation and Variation of Appropriation) (Financial Year 2023) Bill, 2023. Mark said the government over-estimated oil