11th REPUBLICAN PARLIAMENT: 3rd SESSION

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House of Representatives

Motions

1st Session of the 9th Republican Parliament

Increase in Borrowing - Development Loans Act

WHEREAS it is provided by section 3(1) of the Development Loans Act, that the Government is authorized, inter alia, for the purposes of financing general development in Trinidad and Tobago or repayment of borrowings effected for general development, inter alia, by a statutory authority within the meaning of the Statutory Authorities Act, Chap. 24:01 or by an enterprise that is controlled by or on behalf of the State, from time to time to borrow money externally or internally in a sum or sums not exceeding in the aggregate thirteen thousand million dollars in the currency of Trinidad and Tobago and thereafter such sum in such currency as 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 sums not exceeding in the aggregate seven thousand million dollars in the currency of Trinidad and Tobago.

(By the Minister of Finance)

This Motion must be approved in both Houses.
First Debated: 11-Jul-2008
Approved on: 11-Jul-2008
9-Sep-2008
Speakers in the:
House of Representatives
11-Jul-2008 House Debate | Hansard PDF icon (417.2 kb)
Hon. Karen Nunez-Tesheira, MP [D'Abadie/O'Meara] [Minister of Finance]
Mr. Vasant Bharath, MP [St. Augustine] [Opposition Member]
Hon. Roger Joseph, MP [La Horquetta/Talparo] [Minister of State in the Ministry of Works and Transport]
Mrs. Kamla Persad-Bissessar, MP [Siparia] [Opposition Member]
Hon. Colm Imbert, MP [Diego Martin North/East] [Minister of Works and Transport]
Dr. Tim Gopeesingh, MP [Caroni East] [Opposition Member]
Hon. Karen Nunez-Tesheira, MP [D'Abadie/O'Meara] [Minister of Finance]
Senate
09-Sep-2008 Senate Debate | Hansard PDF icon (496.7 kb)
Sen. the Hon. Mariano Browne [Minister in the Ministry of Finance]
Sen. Wade Mark [Opposition Senator]
Sen. Subhas Ramkhelawan [Independent Senator]
Sen. Mohammed Faisal Rahman [Opposition Senator]
Sen. Basharat Ali [Independent Senator]
Sen. the Hon. Conrad Enill [Minister of Energy and Energy Industries]
Sen. Dr. Carson Charles [Opposition Senator]
Sen. the Hon. Mariano Browne [Minister in the Ministry of Finance]