12th REPUBLICAN PARLIAMENT: 1st SESSION

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House of Representatives

Motions

2nd Session of the 10th Republican Parliament

Increase in Borrowing - Development Loans Act

WHEREAS it is provided by section 3(1) of Development Loans Act that the Government is authorized, for the purpose of-

  1. financing general development in Trinidad and Tobago;
  2. repayment of borrowings effected for such general development; or
  3. repayment of borrowings effected for general development-
    1. by a statutory authority within the meaning of the Statutory Authorities Act;
    2. by an enterprise that is controlled by or on behalf of the State; or
    3. by the University of the West Indies,

to borrow from time to time money externally or internally in a sum or sums not exceeding in the aggregate twenty thousand million dollars in the currency of Trinidad and Tobago:

AND WHEREAS it is also provided in the said section 3(1), that thereafter such sum in such currency may from time to time be specified by Resolution passed by the Senate and the House of Representatives:

AND WHEREAS it is necessary for the Government to borrow further sums of money for the purposes stated in the said section:

BE IT RESOLVED that for the purposes stated in the said section, the Government is hereby authorized to borrow money externally or internally in a further sum or in further sums not exceeding in the aggregate ten thousand million dollars in the currency of Trinidad and Tobago.

(By the Minister of Finance)

First Debated: 07-Sep-2011
Approved on: 7-Sep-2011
9-Sep-2011
Speakers in the:
House of Representatives
07-Sep-2011 House Debate | Hansard PDF icon (755.0 kb)
Hon. Winston Dookeran, MP [Tunapuna] [Minister of Finance]
Mr. Colm Imbert, MP [Diego Martin North/East] [Opposition Member]
Hon. Chandresh Sharma, MP [Fyzabad] [Minister of Local Government]
Hon. Dr. Keith Rowley, MP [Diego Martin West] [Leader of the Opposition]
Hon. Dr. Glenn Ramadharsingh, MP [Caroni Central] [Minister of the People and Social Development]
Mrs. Paula Gopee-Scoon, MP [Point Fortin] [Opposition Member]
Hon. Winston Dookeran, MP [Tunapuna] [Minister of Finance]
Senate
09-Sep-2011 Senate Debate | Hansard PDF icon (1,504.2 kb)
Hon. Winston Dookeran, MP [Tunapuna] [Minister of Finance]
Sen. Dr. Lester Henry [Opposition Senator]
Sen Subhas Ramkhelawan [Independent Senator]
Sen. the Hon. Vasant Bharath [Minister of Food Production, Land and Marine Affairs]
Sen. Shamfa Cudjoe [Opposition Senator]
Sen. Dr. Rolph Balgobin [Independent Senator]
Sen. the Hon. Dr. Bhoendradatt Tewarie [Minister of Planning and the Economy]
Sen. Fitzgerald Hinds [Opposition Senator]
Sen. Prof. Harold Ramkissoon [Independent Senator]
Sen. the Hon. Kevin Ramnarine [Minister of Energy and Energy Affairs]
Sen. Terrence Deyalsingh [Opposition Senator]
Sen. Dr. James Armstrong [Independent Senator]
Sen. the Hon. Anand Ramlogan [Attorney General]
Sen. Faris Al-Rawi [Opposition Senator]
Sen. Prof. Karl Theodore [Independent Senator (Temporary)]
Sen. the Hon. Fazal Karim [Minister of Science, Technology and Tertiary Education]
Sen. Pennelope Beckles [Leader of Opposition Business in the Senate]
Hon. Winston Dookeran, MP [Tunapuna] [Minister of Finance]
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