House of Representatives

Motions

Increase in Borrowing – Development Loans Act

- 2nd Session - 10th Republican Parliament

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)

7 Sep 2011
Approved
House DebateHansard
7 speakersShow Speakers
1.The Honourable Winston Dookeran [Tunapuna] [Minister of Finance]
2.The Honourable Colm Imbert [Diego Martin North/East] [Opposition Member]
3.Mr. Chandresh Sharma [Fyzabad] [Minister of Local Government]
4.The Honourable Dr. Keith Rowley [Diego Martin West] [Leader of the Opposition]
5. Dr. Glenn Ramadharsingh [Caroni Central] [Minister of the People and Social Development]
6.Senator the Honourable Paula Gopee-Scoon [Point Fortin] [Opposition Member]
7.The Honourable Winston Dookeran [Tunapuna] [Minister of Finance]
9 Sep 2011
Approved
Senate DebateHansard
18 speakersShow Speakers
1.The Honourable Winston Dookeran [Tunapuna] [Minister of Finance]
2.Senator Dr. Lester Henry [Opposition Senator]
3.Senator Subhas Ramkhelawan [Independent Senator]
4.Senator Vasant Bharath [Minister of Food Production, Land and Marine Affairs]
6.Senator Dr. Rolph Balgobin [Independent Senator]
7. Dr. Bhoendradatt Tewarie [Minister of Planning and the Economy]
8.The Honourable Fitzgerald Hinds [Opposition Senator]
9.Senator Prof. Harold Ramkissoon [Independent Senator]
10.Senator the Honourable Kevin Ramnarine [Minister of Energy and Energy Affairs]
12.Senator Dr. James Armstrong [Independent Senator]
14.The Honourable Faris Al-Rawi [Opposition Senator]
15.Senator Prof. Karl Theodore [Independent Senator (Temporary)]
16.Mr. Fazal Karim [Minister of Science, Technology and Tertiary Education]
17.The Honourable Pennelope Beckles-Robinson [Leader of Opposition Business in the Senate]
18.The Honourable Winston Dookeran [Tunapuna] [Minister of Finance]