Public Accounts of the Republic of Trinidad and Tobago for the Financial

PUBLIC ACCOUNTS OF THE REPUBLIC OF TRINIDAD AND TOBAGO

FOR THE REPUBLIC OF TRINIDAD AND TOBAGO FINANCIAL YEAR 2019

VOLUME I ACCOUNTS OF THE TREASURY AND ACCOUNTS OF RECEIVERS OF REVENUE OF MINISTRIES AND DEPARTMENTS VOLUME 1 (PART 1)

Page

TABLE OF CONTENTS ……………………………………………………………………………… i-ii

Introduction ………………….……………………………………………………………………….. iii-xv

Section 1 1 Statement of Declaration and Certification …………………………………….…………………. 2

Section 2 : Treasury Statements 4 The Exchequer Account ……………………………………………………………………………… 5 The Statements of Public Debt……………………………………………………………………… 16 Letters of Comfort…………………………………………………………………………………….. 68 Promissory Notes……………………………………………………………………………………. 76 Balances Outstanding on the Build, Operate, Lease and Transfer (BOLT) Projects 80

Balances on Loans Assumed by the Government of the Republic of Trinidad and Tobago in respect of Companies in which Government has/had a Shareholding…………………... 82

Statement of Loans or Credits Guaranteed by the State……………………………………….. 86 The Off-Balance Sheet Financing Tables……………………………………………………….. 92 The Statement of Loans from General Revenue……………….……………………………… 94 The Statement of Revenue…………………..…………………………………………………… 100 The Statement of Expenditure …………………………………………………………………… 129 The Cash Basis Statement of Assets and Liabilities …………………………………....…… 132 The Consolidated Fund …………………………………………………………………………… 134 Notes to the Account………………………………………………………………………………… 136 Statement of Loans from the Funds for the Long-Term Development……………………… 143 Statement of Comparison of Budget and Actual Revenue and Expenditure 150

Section 3 - Funds Financial Statements 155 Schedule of Special Funds ………………………………………………………………………. 156 Schedule of Trust Funds………………………………………………………………………….. 157

Unemployment Fund I) Statement of Receipts and Payments………………………………………………………… 158 II) Statement of Assets and Liabilities ………………………………………………………….. 159

Infrastructure Development Fund I) Statement of Receipts and Payments………………………………………………………… 160 II) Statement of Assets and Liabilities ………………………………………………………….. 161 Appendix 1 ……………………………...………………………………………………………. 162

National Union of Government and Federated Workers Training Fund I) Statement of Receipts and Payments………………………………………………………… 163 II) Statement of Assets and Liabilities ………………………………………………………….. 164

Government Assistance for Tuition Expenses (GATE) Fund I) Statement of Receipts and Payments………………………………………………………… 165 II) Statement of Assets and Liabilities ………………………………………………………….. 166 continued i continued Page

Green Fund I) Statement of Receipts and Payments………………………………………………………… 167 II) Statement of Assets and Liabilities ………………………………………………………….. 168

CARICOM Trade Support Fund I) Statement of Receipts and Payments………………………………………………………… 169 II) Statement of Assets and Liabilities ………………………………………………………….. 170

CARICOM Petroleum Fund I) Statement of Receipts and Payments………………………………………………………… 171 II) Statement of Assets and Liabilities ………………………………………………………….. 172

National Wastewater Revolving Fund of Trinidad and Tobago I) Statement of Receipts and Payments………………………………………………………… 173 II) Statement of Assets and Liabilities ………………………………………………………….. 174

Section 4: Appropriations 175 Head 18: Ministry of Finance 176 Consolidated…………………………………………….………………………………. 177 Comptroller of Accounts (AU12)…..………………….…….………………………….. 183 Chairman, Board of Inland Revenue (AU13)……...……...………………………….. 218 Comptroller of Customs and Excise (AU 14) ……….………….…………………….. 234

Head 19: Charges on Account of the Public Debt …………………………………………….. 249

Head 20: Pensions and Gratuities ………………………………………………………………. 282 Consolidated ……………………………………………………………………………. 283 Pensions and Gratuities (AU 28) 293

Statement of Receipts and Disbursements 303 Section 5: Receivers of Revenue: Permanent Secretary, Ministry of Finance ……...... 304 Permanent Secretary, Ministry of Finance (Investment Division) 307 Comptroller of Accounts ……………………….………………….…………………….. 312 Comptroller of Customs and Excise ……….………………………………….…………. 321 Chairman Board of Inland Revenue……………….………………………………..……. 329 Supervisor of Insolvency………………………………………………………………….. 338

Section 6: Report on the Government Employees' Provident Fund …………………...... 342

Section 7: Accounts of Receivers of Revenue (Receipts And Disbursements) Volume 1 Part 2)

ii INTRODUCTION

PART 1

MINISTER OF FINANCE

In accordance with the Exchequer and Audit Act, Chapter 69:01 “Treasury” means the Minister, and includes such officer or officers in the Ministry of Finance as may be deputed by the Minister to exercise powers and to perform duties under this Act.”

2. The Minister of Finance is responsible for the control and management of the financial affairs of the State. One of the core agencies through which this is accomplished is the Treasury Division. Most of the responsibilities of the Treasury Division emanate from various laws and regulations, the principal of these being the Constitution of the Republic of Trinidad and Tobago (Chapter 8); the Exchequer and Audit Act, Chapter 69:01; the Financial Regulations to the Exchequer and Audit Act and the Financial Instructions 1965.

TREASURY DIVISION

Vision

3. To be the premier Public Sector institution in the region for innovative public financial management and accountability systems.

Mission

4. To contribute to enhancing the quality of life of citizens, by promoting good governance of the State’s resources through the provision of dynamic Financial Management Systems and Services in a timely and professional manner.

Responsibilities

5. The core responsibilities of the Treasury Division are to provide financial management and accounting services to Ministries and Departments; to produce the Consolidated Accounts and ensure that the Public Accounts of the Republic of Trinidad and Tobago are laid in Parliament on a timely basis, and to administer superannuation and/or terminal benefits to retired public officers/beneficiaries. To facilitate these operations, the Treasury Division is divided into three broad functional areas as follows: -

(i) Financial Management; (ii) Treasury Management, and (iii) Pensions Management.

6. In the execution of its responsibilities for the management of the financial affairs of the State, the Treasury Division develops, implements and monitors financial management and accounting systems throughout the Public Service. In monitoring the systems, it has the authority to inspect all offices and to have such access to all official books, documents and other records as may be necessary for the exercise of its powers. In addition, the Division ensures that the internal audit functions

iii efficiently and effectively. This internal control exists to provide each Accounting Officer with the assurance that accounting systems are adequate and operating in accordance with Government’s legislation/accounting policies/guidelines so as to provide accurate, relevant and reliable financial information.

Public Financial Management (PFM) Reform

7. The Government of the Republic of Trinidad and Tobago (GoRTT) has initiated reforms since 2016 to strengthen the public financial management arrangements of the country. The reform efforts are aimed at putting in place modern institutional and technological systems and procedures, for effective, efficient and transparent public financial management and reporting. The proposed reforms with respect to public finances are to be implemented under 5 broad headings, with many distinct complementary components as follows:

• Budget Management- covering budget preparation and execution and the introduction of a new Chart of Accounts. • Public Investment Policy and Implementation- inclusive of pre-investment reviews, project preparation and analysis, the ranking, selection, execution of projects and their subsequent monitoring and evaluation. • Treasury Operations - inclusive of the adoption of new Accounting Standards (modified cash), new reporting standards (Cash based IPSAS), cash management and cash forecasting, bank reconciliation processes, and General Ledger operations linked directly to a new Chart of Accounts. • The IT Environment for public financial management - introduction of a fully functional Integrated Financial Management Information System with one central data base and operation on one single entry point for all classifications of fiscal data. • The Internal Audit Function - to align current practices with the standards of the International Professional Practices Framework of Internal Auditing, thereby overhauling the Internal Audit Function of the Public Service of Trinidad and Tobago.

8. The following are ongoing PFM initiatives:

(a) Cash Basis International Public Sector Accounting Standards (Cash Basis IPSAS)

The International Public Sector Accounting Standards Board (IPSASB) develops accounting standards for public sector entities referred to as International Public Sector Accounting Standards (IPSAS). The Treasury Division is seeking to adopt the IPSAS cash basis of accounting in respect of financial reporting and eventually progress to modified accrual basis of accounting. Cash basis means a basis of accounting that recognises transactions and other events only when cash is received or paid.

Since March 2017 Ministries/Departments have been preparing and submitting monthly Cash Basis IPSAS compliant Statement of Receipts and Payments for consolidation by the Treasury Division.

The adoption of IPSAS cash basis of accounting will: (i) Improve both the quality and comparability of the financial information reported by public sector entities;

(ii) Strengthen the transparency and accountability of public sector finance, and (iii)Assist the government in making better financial and economic decisions.

Full compliance with the Standards for cash basis of accounting requires the presentation of the following mandatory financial statements: (i) Receipts and Payments; (ii) Cash Flow; (iii)Comparison of Budget and Actual Amounts; and (iv) Notes and Accounting Policies.

Notwithstanding, additional accounting policies and disclosures can be adopted to enhance the usefulness of the financial statements for accountability and decision-making purposes. In this regard, in producing the Public Accounts of the Republic of Trinidad and Tobago for the Financial Year 2019, the Treasury Division has prepared and presented the Consolidated Statement of Assets and Liabilities (now the Cash Basis Consolidated Statement of Assets and Liabilities) using the concepts and accounting standards of the IPSAS cash basis of accounting.

(b) Finalizing the Revision of the Chart of Accounts (CoA)

A Chart of Accounts (CoA) is a financial organizational tool that provides a complete and systematic listing of every account in an accounting system. It defines each class of items for which money or the equivalent was received or spent. The current Chart of Accounts is not consistent with international standards of recording and reporting on government financial statistics.

A draft of a new Chart of Accounts was completed in 2015, in accordance with the economic and accounting principles of the Government Financial Statistics (GFS) manual of the International Monetary Fund (IMF). In late 2019, a short term consultancy was initiated to review the previous draft of the new Chart of Accounts and once validated and approved, it is expected that the new Chart of Accounts will be incorporated into the Integrated Financial Management Information System (IFMIS).

(c) Integrated Financial Management Information System (IFMIS) In September 2018 a vendor was selected for the IFMIS. The project commenced in November 2018 and is being implemented in four (4) main phases. The estimated time for full completion is approximately 46-48 months. The benefits of the IFMIS as a financial management tool include: • Faster preparation of the annual budget and medium-term expenditure forecasts; • The ability to instantaneously track allocations and actual expenditure during budget execution; • The preparation and printing of reports to enhance budget planning, economic analysis, and financial reporting, consistent with international standards; • A systemic improvement over the ability to control the transaction processing in budget execution, reducing the ability for there to be deviations from the approved budget as well as allowing for greater efficiency in the payments processing system of the Government. v

The key objectives completed in 2019 include: • The completion of Business Process Workshops to document the “as-is” business processes, define the “to-be” business processes’, and develop process flow maps; • Installation of the IFMIS equipment and licenses for the IFMIS database; • Installation of the IFMIS application software and database; • Finalisation of requirements for consultancies on IT Governance and Cyber Security, as key ancillary activities of the IFMIS project; • Initial review of the user requirements for Cashiering at District Revenue Services Centres; • Initiation of the design and configuration of the IFMIS solution.

IFMIS will be made operational within three pilot Ministries (Ministry of Finance, Ministry of Planning and Development, Ministry of Education) and the Tobago House of Assembly. It is estimated that the pilots will be operational in time for the 2020/21 Budget Cycle. Once fully operational and acceptance has been certified, a full rollout of the IFMIS to all other Ministries is expected to take place in an 18 to 24 month period thereafter. d) Reform of the Internal Audit Function In Financial Year 2015, the Public Financial Management Modernization Unit (PFMMU) obtained the services of a short-term consultant to carry out a diagnostic review of the Internal Audit function and to prepare a road map of reforms to align current practices with the standards of the International Professional Practices Framework of Internal Auditing.

In 2018 the PFMMU hired a long term Consultant, to continue the work on the reform of the Internal Audit Function. The key objectives completed in 2019 are:-

i. The completion of an overall profile of the Internal Audit Community within Government Ministries (staffing levels, grades, experience, academic and professional qualifications, Internal Audit training received, age, range, etc). The overview provided a competency framework of the staff and will also be used to determine an overall training programme in the near future.

ii. Internal Audit Charters were established within all Ministries, in compliance with the Institute of Internal Auditors (IIA) Internal Professional Practices Framework (IPPF), adapted for the GoRTT environment.

iii. An Internal Audit Standards Manual was completed and sent for review and discussion to all Internal Audit Units (IAUs) within Ministries/Departments. The

Manual is in compliance with the IIA’s IPPF but adapted for GoRTT environment and is expected to be utilized in the operations of the Internal Audit Units.

iv. An Internal Audit Operating Manual was completed for use by all IAUs undertaking internal audit assignments. The Manual is in compliance with better professional practice and is tailored to the needs of GoRTT Internal Audit.

v. Foundation Workshops to operationalise the use of the Operating Manual began in October 2019, beginning with workshops for Audit Leaders.

vi. Discussions are on-going with selected external agencies, to develop a broader training programme in Internal Audit operations which can cater for the different staffing levels in the Internal Audit Community of the Ministries.

System Upgrades

9. The Treasury Division in fulfilling its obligations continues to improve the Financial Management System in order to ensure greater accountability, transparency and integrity with respect to the management of public funds. The Division is embarking on the use of new technologies to increase efficiencies and improve service delivery to its customers. Some of the accomplishments and system upgrades are as follows:-

Electronic Funds Transfer (EFT)

10. A Consultancy for Advisory Services was contracted to guide the Treasury Division in developing an EFT Framework for GoRTT and to provide assistance in its successful implementation. Collaboration continued during the financial year with key stakeholders including the National Information Communication and Technology Company of Trinidad and Tobago (iGovTT), Departments of Government as well as the Central Bank of Trinidad and Tobago to facilitate the progression of the initiative in accordance with the Exchequer and Audit (Electronic Funds Transfer) Regulations, 2015.

11. Some Ministries and Departments have sought approval from the Ministry of Finance to move forward with the implementation of LINX Debit Card and Online Credit Card Transactions. In this regard, the Treasury Division has drafted Instructions that provide standard operating procedures for these EFT methods of payment.

Government Payment System (GPS) 12. The Treasury Division completed the systems analysis of the existing EFT module of the GPS to facilitate electronic payments via Automated Clearing House (ACH) and Real Time Gross Settlement (RTGS) as the Division seeks to ascertain the systems development requirements to activate local payments by Government via EFT. The modifications and development that are required for the upgrade of the GPS are currently being finalized.

vii

Integrated Global Payroll/Integrated Human Resource Information System (IGP/IhRIS)

13. In 2017 the GoRTT contracted a vendor for the Upgrade of the Software of the Oracle database, the Integrated Global Payroll and Integrated Human Resource Information System (IGP/IhRIS) and the replacement of hardware and networking components in the IGP/IhRIS Production, Disaster Recovery, Development/ Test/ Train environments.

14. The upgrade of the IGP/IhRIS system has been completed. The PeopleSoft software has been upgraded to the latest version 9.2. The upgrade of the technical infrastructure has provided a secure and reliable system to process payroll for public officers, contract officers and the defence force. 15. Phase II of the IGP/IhRIS Upgrade has commenced which entails operationalisation of PeopleSoft 9.2 HCM Modules to digitalise the HR manual processes. Commonwealth Meridian System

16. Trinidad and Tobago was selected by the Commonwealth Secretariat as one of the first countries to pilot the new ‘Commonwealth Meridian’ system in June 2018.

17. The Meridian system, which will replace the Commonwealth Secretariat Debt Recording Management System (CS-DRMS), incorporates advanced and improved functionalities to better address emerging debt management requirements. Enhanced functions in Meridian include the ability to incorporate accounting codes, wider integration with other financial systems, increased emphasis on facilitating the development of medium term debt management strategies, growing importance of managing contingent liabilities and the need for improved transparency. It is anticipated that the new system will be officially launched by the Commonwealth Secretariat in 2020.

Pensions Management Reform

18. The current strategic direction of the Pensions Management Branch is to implement short, medium and long term initiatives to improve the efficiency of the Branch in achieving its mandate to pay superannuation and other terminal benefits for monthly and daily paid employees in the Public Service on time. Some of these initiatives implemented are outlined below:

Life Certificates

19. The requirement to submit Life Certificates twice a year by government pensioners creates an undue burden both on pensioners and the Treasury Division. The Pensions Management Branch implemented a new system in September 2019 for the October 2019 cycle which resulted in approximately 26,743 or 82.5 percent of government pensioners no longer being required to submit Life Certificates. These pensioners have expressed relief in not having to complete the process semi- annually. However, pensioners living abroad together with non-nationals are still required to complete their Life Certificates semi-annually.

viii

Payment of an Interim Pension

20. In order to address the challenges in paying retirement benefits on time, the recommendation to implement the payment of an interim minimum pension of $3,500.00 was accepted by the Minister of Finance and became effective January 1st, 2019. This measure was directed to qualifying compulsory retirees in an effort to alleviate the hardship experienced while awaiting payment of full benefits. The Pensions Management Branch continues to ensure that the necessary documents required are obtained and the gratuity and the difference in pension if any, are paid no later than 6 to 9 months after the payment of the interim pension. Beneficiaries of the interim pension have expressed their gratitude thus far for this initiative undertaken by the Treasury Division.

Decentralisation of Contract Gratuity

21. Over the past years, the number of contract employees hired throughout the Public Service has increased significantly which impacted on the timely payment of contract gratuities. A recommendation was put forward to the Minister of Finance to decentralise the payment of contract gratuities to Ministries, Departments and Agencies in order to improve efficiency of payment. This new initiative took effect from July 01, 2019. This measure now requires Ministries and Departments to process and print their gratuity cheques with effect from October 01, 2019 after computing the benefits payable. In an effort to ensure a smooth transition to the new process, the Pensions Management Branch will continue to check and ‘certify correct’ gratuity payments and provide guidance to Ministries and Departments up to the end of September 2020. This will ensure that thereafter, Ministries and Departments can accurately and efficiently process the payment of contract gratuities.

Implementation of a Passive File Tracking System Using Radio Frequency Identification (RFID) Technology

22. A vendor was contracted in September 2018 for the supply and implementation of an RFID solution. The project was completed in February 2019. A total of 30,000 active files were tagged during the project and the ongoing tagging process is being done by staff. This has reduced time spent in searching for files during the various stages of processing of pensions and gratuities and ensures more timely responses to retirees on the status of their file.

Improved Service Delivery

23. The Treasury Division is well positioned to enhance collaboration across the Public Service by influencing better outcomes. We aim to utilise technology to deliver flexible and secure information and communication tools and systems that support stronger collaboration, policy development and service excellence. This will ensure excellence in our service delivery and in our contribution to good policy development and implementation.

24. The Treasury Division has embraced its role as a central agency ensuring an appropriate balance between this role and the levels of accountability and responsibility that rest with us, other central agencies and the wider Public Service. We remain aware of our environment and government

ix priorities in an era of fiscal restraint and maintain a responsive framework that supports the Division’s aspirations.

Remarks

25. The Comptroller of Accounts would like to sincerely thank the Ministries and Departments for their dedication, support and co-operation during the year and in assisting the Treasury Division in the execution of its responsibility for producing the Public Accounts of the Republic of Trinidad and Tobago.

PART 2

SUBMISSION AND AUDIT OF THE PUBLIC ACCOUNTS OF THE REPUBLIC OF TRINIDAD AND TOBAGO

26. The Public Accounts of the Republic of Trinidad and Tobago is a major accountability report of the Government which is prepared annually by the Treasury Division on behalf of the Minister of Finance, as required by Section 24 of the Exchequer and Audit Act, Chapter 69:01. It covers the fiscal year of the Government, which ends on September 30. The information contained in the report originates from two sources of data:

• the summarized financial transactions presented in the accounts of the Republic of Trinidad and Tobago, maintained by the Comptroller of Accounts, and • the detailed records, maintained by Ministries and Departments.

Each Ministry and Department is responsible for reconciling its accounts and statements to the control accounts of the Comptroller of Accounts, and for maintaining detailed records of the transactions in their accounts and statements. The report covers the financial transactions of the Government during the year.

27. Paragraphs 24 (1) (a), (b) and (c), 24 (2) (a) and (b) and 25 (1) of the Exchequer and Audit Act, Chapter 69:01 as amended by Act No. 23 of 1998 prescribe as follows: -

24 (1) (a) The Treasury shall cause to be transmitted to the Auditor General accounts showing fully the financial position of the Republic of Trinidad and Tobago as at the end of the financial year. These accounts are to include the following statements: -

(i) the Exchequer Account; (ii) the Statement of Public Debt; (iii) the Statement of Loans from Revenue; (iv) the Statement of Revenue showing the sums estimated to be received into the Exchequer Account and the sums actually so received in the period of account; (v) the Statement of Expenditure showing the sums to be issued out of the Exchequer Account and the sums actually so issued in the period of account; (vi) the Statement of the Loans or Credits Guaranteed by the State; (vii) the Statement of Assets and Liabilities; and (viii) such other Statements as Parliament may from time to time require.

24 (1) (b) Accounting officers shall prepare and transmit to the Auditor General appropriation accounts of the moneys expended under the votes for which they were responsible, showing the services for which the money was voted, the sums actually expended on each such service during the period of account, and the state of each vote compared with appropriation.

24 (1) (c) Receivers of Revenue shall prepare and transmit to the Auditor General statements of their receipts and disbursements in such forms as the Treasury may direct.

24 (2) (a) Any officers administering a fund established under the provision of section 43 shall, in respect of the fund, prepare, sign and transmit to the Auditor General an account relating to the period of account in such form as the Treasury may from time to time direct.

24 (2) (b) Any officers administering any trust or other fund or account not provided for in this section shall, if so directed by the Treasury prepare, sign and transmit to the Auditor General an account in such form as the Treasury may from time to time direct.

25 (1) On receipt of the accounts prescribed by section 24, the Auditor General shall cause them to be examined and audited and shall, within a period of seven months after September 30, prepare and submit a report on the accounts to the Minister of Finance.

28. Section 116 (4) – (5) of the Constitution of the Republic of Trinidad and Tobago requires the Auditor General to submit reports annually to the Speaker, the President of the Senate and the Minister of Finance. The President of the Senate and the Speaker shall cause the report to be laid before the Senate and the House of Representatives at the next sitting of the Senate and the House respectively.

29. The accounts for the financial year ended September 30, 2019 must be submitted by January 31, 2020 to the Auditor General who is required to report on these accounts by April 30, 2020 in compliance with the statutory requirement.

STATEMENTS SUBMITTED IN ACCORDANCE WITH SECTION 24(a) OF THE EXCHEQUER AND AUDIT ACT, CHAPTER 69:01

(i) The Exchequer Account

30. The Exchequer Bank Account at Central Bank of Trinidad and Tobago showed a deficit of $41,380,061,388.10 as at September 30, 2019. This amount was reconciled with the records of the Treasury Division.

(ii) The Statement of Loans from General Revenue

31. At the end of the financial year 2019, the Statement of Loans from General Revenue reflects an outstanding balance of $2,010,440,287.09. The year-end under review showed that $37,517,739.72 was repaid/written-off.

(iii) The Statement of Revenue

32. Total Revenue earned in the financial year under review was $53,423,353,341.79. This reflects an increase of $2,946,236,066.20 compared to total revenue earned in the previous financial year. The increase in revenue was largely as a result of an increase in Tax and Non-Tax Revenue by 0.8 Bn and 1.9 Bn respectively. Capital Receipts was also increased by $0.1 Bn.

33. The Estimates of Revenue is classified into five (5) categories namely: - Tax Revenue, Non- Tax Revenue, Capital Receipts, Financing and Extraordinary Receipts. An analysis of revenue for the last five financial years is shown below:

TABLE 1

COMPARATIVE REVENUE TABLE FOR THE FINANCIAL YEARS 2015 TO 2019

Tax Non-Tax Capital Financing Extraordinary TOTAL Revenue Revenue Receipts (Borrowings) Receipts

$'000 $'000 $'000 $'000 $'000 $'000

2015 41351,418 9955,789 4989,231 4223,228 0 60519,665 2016 28990,629 11405,172 3813,716 13605,874 2498,364 60313,756 2017 25654,465 8299,310 1310,509 10800,714 1712,200 47777,198 2018 31177,134 10177,636 837,843 8284,504 0 50477,117 2019 32,035,748 12,051,219 979783 8356,603 0 53423,353

xii

70.00 Comparative Revenue for For the Financial Years 2015 to 2019 Billions

60.00

50.00

40.00 Extraodinary Receipts Financing (Borrowings) 30.00 Capital Receipts Non-Tax Revenue Tax Revenue 20.00

10.00

0.00 2015 2016 2017 2018 2019

Table 1 Paragraph 33 refers.

(iv) The Statement of Expenditure

34. According to the books of the Treasury, the actual expenditure incurred in the financial year was $54,581,187,114.99 which represents an increase of approximately $0.4 Bn. (0.68%) from the last financial year. The original provisions for the year totalled $55,582,977,415.00

35. A comparison between Total Revenue and Total Expenditure for the last five (5) financial years is shown on Table 2: -

TABLE 2

xiii

COMPARISON BETWEEN TOTAL REVENUE AND TOTAL EXPENDITURE FOR THE FINANCIAL YEARS 2015 TO 2019

Surplus/(Deficit- Actual Financed by the % of surplus/(Deficit Actual Revenue Expenditure Exchequer Account to Revenue

$'000 $'000 $'000 $'000

2015 60,519,665 61,964,263 (1,444,598) -2.4%

2016 60,313,756 56,574,649 3,739,107 6.2%

2017 47,777,198 54,883,151 (7,105,953) -14.9%

2018 50,477,117 54,211,711 (3,734,594) -7.4%

2019 53,423,353 54,581,187 (1,157,834) -2.2%

COMPARISON BETWEEN TOTAL REVENUE AND TOTAL EXPENDITURE FOR THE FINANCIAL YEARS 2015 TO 2019

70.00

60.00 Millions 50.00

40.00

30.00

20.00

10.00

0.00 2015 2016 2017 2018 2019

Actual Revenue Actual Expenditure

Table 2 Paragraph 35 refers.

xiv

(v) The Statement of Public Debt

36. The Public Debt comprises balances on long-term loans and credit instruments raised on the domestic and foreign markets. The Public Debt recorded at September 30, 2019 was $75,080,932,858.16. This figure represents an overall increase of $6,103,397,368.68 when compared with the previous year as detailed below:-

2018 2019 Head 19: Local Loans 44,904,821,301.23 49,603,142,063.76 Head 19: External Loans 22,908,204,442.71 24,109,387,066.96 Head 18: Ministry of Finance 1,164,509,745.54 1,368,403,727.44 Total 68,977,535,489.48 75,080,932,858.16

The analysis with respect to the Public Debt is contained in the Public Debt Statements.

SECTION 1

STATEMENT OF DECLARATION

CERTIFICATION

SECTION 2

TREASURY STATEMENTS

Exchequer account

Receipts and payments

and

Bank reconciliation

statements

As at

september 30, 2019

5 EXCHEQUER ACCOUNT AS AT 30TH SEPTEMBER, 2019 RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR 2018-2019

Treasury Card balance as at 1st October, 2018 (40,246,393,438.68) Add: Receipts into Exchequer Account for 01.10.18 to 30.09.19

October 2018 3,518,016,140.68 November 2018 4,177,016,545.43 December 2018 4,183,267,468.82 January 2019 4,690,383,271.27 February 2019 2,584,477,527.91 March 2019 3,914,743,455.81 April 2019 5,244,962,602.65 May 2019 3,958,228,994.54 June 2019 2,411,422,107.46 July 2019 5,968,213,666.82 August 2019 3,856,696,671.46 September 2019 8,940,107,192.83 53,447,535,645.68

Less: Payments from Exchequer Account for 01.10.18 to 30.09.19

October 2018 1,933,458,817.60 November 2018 4,734,153,811.83 December 2018 5,548,189,659.26 January 2019 4,056,014,989.32 February 2019 4,243,100,732.26 March 2019 4,066,372,395.10 April 2019 3,981,085,435.36 May 2019 5,399,454,174.36 June 2019 3,526,377,090.58 July 2019 4,844,721,452.42 August 2019 4,455,742,685.46 September 2019 7,792,532,351.55 54,581,203,595.10

Treasury Card balance as at 30th September, 2019 (41,380,061,388.10)

6 RECONCILIATION STATEMENT OF THE EXCHEQUER BANK ACCOUNT AS AT 30TH SEPTEMBER, 2019

Treasury Cash Card Balance as at 30th September, 2019 (41,380,061,388.10)

Add: Unpaid Cheques: Current Year Balance as at 30th September, 2019 2,002,464,536.69 (39,377,596,851.41)

Less: (i) Amount short posted as Paid Cheques on 18th June, 1980 (288.00) (ii) Amount short posted as Paid Cheques on 30th April, 1982 (7,176.74) (7,464.74) (39,377,604,316.15)

Add: Unpaid Balance: Previous Years 2017/2018 0.00 (39,377,604,316.15)

Add: Unpaid Cheque Balance as at 30th September, 2019 0.00 (39,377,604,316.15)

Add: Outstanding Credits (Appendix A) 0.60 Short Charges (Appendix B) 1.68 Debit Adjustments to be made by Central Bank (Appendix H) 2,495,604,651.69 2,495,604,653.97 (36,881,999,662.18)

Add: Paid Cheques for September, 2019 not yet taken up by Central Bank (Paymaster) 0.00 (36,881,999,662.18)

Less: Overcharges (Appendix C) (594.29) Outstanding Debits (Appendix D) (0.02) Overposting by Central Bank (Appendix E) (10.00) Short posting by Treasury (Appendix F) (0.09) Credit Adjustments to be made by Central Bank (Appendix G) (4,339,900,598.26) (4,339,901,202.66) (41,221,900,864.84) Cheque Date Over Less: Cheque No. Date Amount Cleared Cleared P00147128 4/29/2013 514,314.71 04/30/13 (1.00) (1.00) P00115445 7/7/2013 589.73 07/18/11 (0.01) (0.01) (1.01) (41,221,900,865.85) Add: Amounts to be adjusted Re: Incorrect clearing by Central Bank Cheque Date Short Cheque No. Date Amount Cleared Cleared P24/569892 03/31/1999 2,370.98 04/01/1999 0.03 P24/680472 03/31/2000 1,603.56 04/06/2000 0.02 P00589079 08/21/2012 295.86 09/03/2012 0.30 P01246166 02/19/2013 1,549.87 03/21/2013 0.30 0.65 0.65 (41,221,900,865.20)

Less: Amount not yet marked off Cheque amounts 30,000.00 30,000.00 30,000.00 93,000.00 28,000.00 993,000.00 223,000.00 (1,427,000.00) (1,427,000.00) (41,223,327,865.20)

7 Add: Amount not yet marked off 1,309,000.00 (41,222,018,865.20)

Less: Amount not yet taken up by Central Bank (October 2016 ) (10,000.00) (41,222,028,865.20)

Add: Amount not yet taken up by Central Bank (January 2017) 0.33 (41,222,028,864.87)

Less: Amount not yet taken up by Central Bank (March 2017) (700.00) (41,222,029,564.87)

Less: Amount not yet taken up by Central Bank (March 2017) (114.98) (41,222,029,679.85)

Less: Amount not yet taken up by Central Bank (Add Adj. Fleet Card) - Client # 033150520/523 (505.94) (41,222,030,185.79)

Add: Amount not yet taken up by Central Bank (DA #1057 dd 14.12.17) Transfer to Exq Ac #2 673,183,302.48 (40,548,846,883.31)

Add: Amount not yet taken up by Central Bank (IDA R2 CBIR) - Client # 033150134 35,188,756.04 (40,513,658,127.27)

Add: Cheque #P00161843 dd 2018/08/02 was erroneously scanned by Central Bank as 94,516.85 instead of 94,516.88 (see copy of cheque attached) 0.03 (40,513,658,127.24)

Add: Cheque #P00045437 dd 2018/08/29 was erroneously scanned by Central Bank as 7,575.00 instead of 7,875.00 (see copy of cheque attached) 300.00 (40,513,657,827.24)

Add: Transfer from Green Fund Account - (IDA R2 CBIR) Client #033150134 dd 16.02.18 /033150524 486,796.99 (40,513,171,030.25)

Add: Transfer from Funds Account - (IDA R2 CBIR) Client # 033150134 dd 16.02.18 /033150523 35,675,553.03 (40,477,495,477.22)

Less: Transfer to Treasury Deposits - (I.D.A. Run 8 - September 2018) Client No. 033150534 (4,243,689.64) (40,481,739,166.86)

Add: Transfer from Treasury Deposits - (Closing Entries R3 Tobago) Client # 033150083 dd 17.01.19 10,786.00 (40,481,728,380.86)

Add: Transfer from Treasury Deposits -(IDA R15) Client No. 033150537/033150539 dd 24.01.19 6,300.00 (40,481,722,080.86)

Add: Transfer from Treasury Suspense - Client No. 033150545 0.02 (40,481,722,080.84)

Less: Transfer to Treasury Funds -(OSM Minus Sup# 1-South Africa) Client# 033150129 dd 22.02.19 (2,497.00) (40,481,724,577.84)

Less: Transfer to Treasury Deposits/Funds - Client # 033150174 dd 29.03.19 / 033150207 (26,111,933.39) (40,507,836,511.23)

Add: Transfer from Treasury Funds - (Fleet Card) Client # 033150091 dd 22.01.19 / 033150226 250.00 (40,507,836,261.23)

ADJUSTMENTS TO BE MADE BY CENTRAL BANK AS AT 30TH SEPTEMBER, 2019

APPENDIX A: APPENDIX B: OUTSTANDING CREDITS SHORT CHARGES

December 1982 0.60 December 1972 0.60 30th April, 1979 0.08 4th February, 1980 1.00 TOTAL: 0.60 TOTAL: 1.68

APPENDIX C: APPENDIX D: OVERCHARGES OUTSTANDING DEBITS

January 1975 294.26 June 1977 0.02 30th September, 1982 300.00 March 1979 0.03 TOTAL: 594.29 TOTAL: 0.02

APPENDIX E: APPENDIX F: OVERPOSTING BY CENTRAL BANK AMOUNT POSTED TO TREASURY CARD BUT NOT REFLECTED ON SUMMARY PAID CHEQUES FOR:

10th September, 1977 10.00 29th September, 1978 0.08 30th October, 1978 0.01 TOTAL: 10.00 TOTAL: 0.09

10 CREDIT ADJUSTMENT TO BE MADE BY CENTRAL BANK AS AT 30TH SEPTEMBER, 2019 APPENDIX G:

DATE AMOUNT DATED REMARKS

September 30, 2012 1,109.77 30th September, 2012 Overseas Missions Transfers

August 2016 654.71 31st August, 2016 Overseas Missions Transfers

April 2018 (0.36) 30th April, 2018 Cash Transaction

July 2018 756.99 31st July, 2018 Overseas Missions Transfers

August 2018 (0.09) 31st August, 2018 Overseas Missions Transfers

August 2019 11,849,842.93 31st August, 2019 Closing Entries Transactions 4,169.80 31st August, 2019 Closing Entries Transactions (394.34) 31st August, 2019 Overseas Missions Transfers

September 2019 93,543,339.24 30th September, 2019 Shift 2 Transfers 2,182,827,024.12 30th September, 2019 Shift 3 Transfers 46,092,187.36 30th September, 2019 1st Period D.R.S. 192,069,814.73 30th September, 2019 2nd Period D.R.S. 259,974,581.60 30th September, 2019 3rd Period D.R.S. 363,424,048.57 30th September, 2019 4th Period D.R.S. 388,789.78 30th September, 2019 Tobago 3,395,218.08 30th September, 2019 Closing Entries Transactions 8,702.81 30th September, 2019 Closing Entries Transactions 401,586,257.05 30th September, 2019 I.D.A. Run 1 Transfers 164.15 30th September, 2019 Fleet Card Transfers 169,064,028.11 30th September, 2019 I.D.A. Run 4 Transfers 239,284.02 30th September, 2019 Overseas Missions Transfers (5,302,653.37) 30th September, 2019 Cash Transaction #104 (730,171.94) 30th September, 2019 Cash Transaction #106 292,451.04 30th September, 2019 Cash Transaction #109 492,742,700.00 30th September, 2019 Cash Transaction #110 4,695.25 30th September, 2019 I.D.A. Run 6 Transfers 9,096,802.20 30th September, 2019 Cash Transaction 38,645,268.84 30th September, 2019 I.D.A. Run 7 Transfers 11,848,301.52 30th September, 2019 Cash Transaction #121 56,330,351.99 30th September, 2019 Cash Transaction #111 404.26 30th September, 2019 Overseas Missions Supplement #2 2,470,933.82 30th September, 2019 I.D.A. Run 9 Transfers 878,714.63 30th September, 2019 Cash Transaction 2,414,890.60 30th September, 2019 Cash Transaction 3,382,820.07 30th September, 2019 Cash Transaction #147 1,111.94 30th September, 2019 I.D.A. Run 19 Transfers

11 CREDIT ADJUSTMENT TO BE MADE BY CENTRAL BANK AS AT 30TH SEPTEMBER, 2019 APPENDIX G:

DATE AMOUNT DATED REMARKS

September 2019 2,007,277.38 30th September, 2019 Cash Transaction #146 1,970,409.15 30th September, 2019 I.D.A. Run 16 Transfers (623,288.15) 30th September, 2019 Cash Transaction #149

TOTAL 4,339,900,598.26

12 DEBIT ADJUSTMENT TO BE MADE BY CENTRAL BANK AS AT 30TH SEPTEMBER, 2019 APPENDIX H:

DATE AMOUNT DATED REMARKS September 2012 11.94 30th September, 2014 Overseas Missions Transfers

September 2017 7,737,750.33 30th September, 2017 Cash Transaction # 57 Print 2 83.53 30th September, 2017 Cash Transaction # 58 83.53 30th September, 2017 Cash Transaction # 59 Print 4 (0.51) 30th September, 2017 Cash Transaction # 67

November 2017 13,930,846.50 30th November, 2017 Overseas Missions Transfers

July 2018 756.99 31st July, 2018 Overseas Missions Transfers

September 2018 58.20 30th September, 2018 Cash Transaction #48 300.00 30th September, 2018 I.D.A. Run 17 Transfers (0.01) 30th September, 2018 Cash Transaction #63

August 2019 2,940,629.30 31st August, 2019 Fleet Card Transfers 16,411,775.10 31st August, 2019 Overseas Missions Transfers

September 2019 621,369,358.16 30th September, 2019 I.D.A. Run 2 Transfers 286,010,797.34 30th September, 2019 I.D.A. Run 3 Transfers 2,509,457.85 30th September, 2019 Fleet Card Transfers 28,610,224.36 30th September, 2019 Overseas Missions Transfers 242,330.84 30th September, 2019 Overseas Missions Transfers 1,413.75 30th September, 2019 Cash Transaction # 46 6,806.71 30th September, 2019 Cash Transaction # 51 6,806.71 30th September, 2019 Cash Transaction # 52 6,426.36 30th September, 2019 Cash Transaction # 53 6,426.36 30th September, 2019 Cash Transaction # 54 8,030.86 30th September, 2019 Cash Transaction # 55 9,216.18 30th September, 2019 Cash Transaction # 56 7,048.83 30th September, 2019 Cash Transaction # 57 5,601.06 30th September, 2019 Cash Transaction # 58 5,601.06 30th September, 2019 Cash Transaction # 59 7,048.83 30th September, 2019 Cash Transaction # 60 51,414.27 30th September, 2019 Cash Transaction # 61 51,414.27 30th September, 2019 Cash Transaction # 62 18,802.78 30th September, 2019 Cash Transaction # 63 5,812.25 30th September, 2019 Cash Transaction # 64 5,812.25 30th September, 2019 Cash Transaction # 65 6,310.84 30th September, 2019 Cash Transaction # 66

13 DEBIT ADJUSTMENT TO BE MADE BY CENTRAL BANK AS AT 30TH SEPTEMBER, 2019 APPENDIX H:

DATE AMOUNT DATED REMARKS September 2019 6,310.84 30th September, 2019 Cash Transaction # 67 5,131.43 30th September, 2019 Cash Transaction # 68 18,802.78 30th September, 2019 Cash Transaction # 69 142,785.30 30th September, 2019 Cash Transaction # 70 4,414,038.99 30th September, 2019 Cash Transaction # 73 543,944.00 30th September, 2019 Cash Transaction # 72 57,363.15 30th September, 2019 Cash Transaction # 71 314,421.87 30th September, 2019 Cash Transaction # 74 11,787,901.53 30th September, 2019 Cash Transaction # 88 71,354.73 30th September, 2019 Cash Transaction # 93 11,763.38 30th September, 2019 Cash Transaction # 94 709,302.00 30th September, 2019 Cash Transaction # 95 3,148,429.46 30th September, 2019 Cash Transaction # 84 1,235,762.40 30th September, 2019 Cash Transaction # 85 478,424.72 30th September, 2019 Cash Transaction # 86 7,851,831.64 30th September, 2019 Cash Transaction # 90 1,668,660.88 30th September, 2019 Cash Transaction # 91 3,946.11 30th September, 2019 Cash Transaction # 103 60,060.53 30th September, 2019 Cash Transaction # 102 50,008.85 30th September, 2019 Cash Transaction # 92 5,000.00 30th September, 2019 Cash Transaction # 117 64,092.49 30th September, 2019 Cash Transaction # 118 172,500.00 30th September, 2019 Cash Transaction # 116 3,520,487.16 30th September, 2019 Cash Transaction # 123 9,421,660.76 30th September, 2019 Cash Transaction # 75 5,492,973.81 30th September, 2019 Cash Transaction # 89 122,824.54 30th September, 2019 Cash Transaction # 124 68,920.44 30th September, 2019 Cash Transaction # 99 11,430.00 30th September, 2019 Cash Transaction #125 1,370.00 30th September, 2019 Cash Transaction #126 1,595.00 30th September, 2019 Cash Transaction # 128 13,785.02 30th September, 2019 Cash Transaction # 127 6,544,252.80 30th September, 2019 Cash Transaction # 133 10,998.64 30th September, 2019 Cash Transaction # 134 5,850,153.50 30th September, 2019 Cash Transaction # 129 365,576.17 30th September, 2019 Cash Transaction # 130 1,039,441.20 30th September, 2019 Cash Transaction # 131 33,899.63 30th September, 2019 Cash Transaction # 137 12,213.13 30th September, 2019 Cash Transaction # 101 9,306.25 30th September, 2019 Cash Transaction # 108 4,443,437.85 30th September, 2019 Cash Transaction # 98 124,818.51 30th September, 2019 Cash Transaction # 135 233,182.92 30th September, 2019 Cash Transaction # 135

14 DEBIT ADJUSTMENT TO BE MADE BY CENTRAL BANK AS AT 30TH SEPTEMBER, 2019 APPENDIX H:

DATE AMOUNT DATED REMARKS September 2019 4,377,633.62 30th September, 2019 I.D.A. Run 13 Transfers 247.40 30th September, 2019 I.D.A. Run 17 Transfers 64,682.19 30th September, 2019 Cash Transaction # 148 1,497.24 30th September, 2019 Fleet Card Transfers 166.80 30th September, 2019 Fleet Card Transfers 476.76 30th September, 2019 Fleet Card Transfers 3,491.71 30th September, 2019 Cash Transaction # 96 1,012,920.00 30th September, 2019 Cash Transaction # 97 380,977,618.36 30th September, 2019 Cash Transaction # 145 250.00 30th September, 2019 Fleet Card Transfers 168.98 30th September, 2019 Cash Transaction # 132 1,059,046,877.40 30th September, 2019 Cash Transaction # 140

TOTAL 2,495,604,651.69

STATEMENTs OF

PUBLIC DEBT

AS AT

SEPTEMBER 30, 2019

STATEMENTS OF PUBLIC DEBT

PAGE

Methodology…………………..………………………………………………………………………………….....17

Analysis of the Public Debt:

Domestic……………………………… ……………………..………………………………... 19 External……………………………………………….……..………………………………… . 23 Head 18: Ministry of Finance ……………………………………….…………...…………. 28 Summary…………………………….…………….………….………………...…………….. 34 Definitions …….….………………….……………………..………………………………... 35 Acronyms…………………………………..…………….…………………….……..………. 40

Summary of Public Debt ………..…….………………………………………………………………………….41

Statement of Loans Serviced Under Head 18 ………………………………………………………..………..65

Statement of Letters of Comfort Issued by the Government of the Republic of Trinidad and Tobago……………………………………………………………………… 69

Statement of Promissory Notes …………..………....………………………………………………………….77

Statement of Balances outstanding on Build. Operate, Lease and Transfer (BOLT) Projects…………………...………………………………………..………. 81

Statement of Balances on Loans assumed by the Government of the Republic of Trinidad and Tobago……………………………………………..….… 83

Statement of Loans of Credits Guaranteed by the State ….…….……………………………..………. 87

Off-Balance Sheet Financing Tables ……………………………..…………………………….………..…. 93

Statements Loans from General Revenue …………….……………………………….…….....………….. 95

Statements of Loans from the Funds of Long Term Development ………………...……………………..144

METHODOLOGY

Methodology for aggregating data

Using the United Nations Conference on Trade and Development’s (UNTAD) Debt Management and the Commonwealth Secretariat Debt Recording Management System (CSDRMS), the Ministry of Finance complies data relevant with loan details and provides aggregated reports on the external debt of the Central Government.

Future debt service payments

Projections on future debt service payments are performed based on the repayment terms of each loan (the start and end payment dates, periodicity, conversion factor, the year and month base for interest calculation, etcetera).

Projections on future payment of principal and interest are calculated based on the amount of loan commitment. If during the life of the loan, there is/are amendment(s) to the amount of loan commitment, the future payments of principal and interest are recalculated based on the amount of the latest amended commitment/face value.

Similarly, projections of regular future commitment fees are calculated based on the undisbursed amount of the loan. Other fees are recorded following terms/related clauses in the loan/contract agreement.

Projections on future payments based on debt outstanding , on the other hand, are done without taking into consideration undisbursed portions of the loan so that the future payment of principal will reflect only portions of the debt that have been disbursed and unpaid.

SOURCES

Debt data

The principal sources of information for the tables are the records of the Central Government and Contingent Liabilities administered by the Ministry of Finance.

Reference data

The reference data or common information required in administering the debt data and/or transactions are composed of:

a. Exchange rates; b. Common interest rates/variable interest rates, such as Libor.

The exchange rates applied for converting daily transactions (disbursement and debt services) and/or stock and projected flow figures are obtained from the Central Bank of Trinidad and Tobago for budget purposes.

ANALYSIS OF THE PUBLIC DEBT

“Analysis of the Public Debt” is a summary status on the public debt, which provides a broader view of the debt portfolio. It deals with the volume of the public debt and its breakdown and variations in stocks and flows between two points in time. It gives an analytical description of some of the debt variables and mainly examines the changes in the debt portfolio in fiscal year 2019 vis-à-vis the preceding fiscal year.

STATEMENT OF PUBLIC DEBT

2. The Public Debt comprises balances on long-term loans and credit instruments raised on the domestic and foreign markets. The Public Debt recorded at September 30, 2019 was $75,080,932,858.16 as detailed below:-

There was an overall increase of $6,103,397,368.68 from September 2018 to September 2019.

DOMESTIC DEBT

Local Loans - $49,603,142,063.76

3. There are three borrowing instruments from the domestic sources. They are Treasury Bills Treasury Notes, and Government Loans raised by Bonds. The Bonds are long-term instruments whilst the Treasury Notes are medium term which span a period of between 3-5 years. The Treasury Bills are short-term borrowing instruments with three different maturities: 91 days, 182 days and 365 days.

4. The Domestic Debt (Local Loans) in 2019 was $49,603,142,063.76. This figure when compared to 2018 reflected an increase of $4,698,320,762.53 or 10.46%. This was mainly due to new Bonds and Treasury Bills which were issued during the financial year.

5. Movements in Local Loans for the financial year ended September 30, 2019 are as follows:

$ Balance as at October 01, 2018 44,904,821,301.23 Add: New Issues 7,759,927,000.00 Disbursements 80,589,081.70 Adjustment (266,362,643.22) Less: Total Repayments (2,875,832,675.95)

Balance as at September 30, 2019 49,603,142,063.76

Composition of Domestic Debt by Instruments

6. In 2019, of the three instruments, Government Development loans had the highest proportion, $41,300.9 million (83.3%) followed by Treasury Bills and Treasury Notes amounting to $3,340.0 million (6.7%) and nil respectively. When compared with the previous fiscal year, while Treasury Bills increased there were no increases in Treasury Notes.

Domestic Debt by Types of Instruments (2018 and 2019)

Table 1

2018 2019 Instruments Million $ % Million $ % Government Development Loans 37,547.9 83.6 41,300.9 83.3 Others 5,451.9 12.1 4,962.2 10.0 Treasury Bills 1,905.0 4.2 3,340.0 6.7 Treasury Notes 0.0 0.0 0.0 0.0

Total 44,904.8 100.0 49,603.1 100.0

Domestic Debt by Type of Instruments as at September 30, 2019

41,300.9 45,000.0

40,000.0

35,000.0

30,000.0

25,000.0

20,000.0

15,000.0 4,962.2 10,000.0 3,340.0 0.0 5,000.0

0.0 2019

Government Development Loans Others Treasury Bills Treasury Notes

Chart 1-Paragraph 6 refers

Holders of Domestic Debt

7. The major Debt Providers of Domestic Debt are the Commercial banks for the Government Development Loans, the Central Bank of Trinidad and Tobago for Bonds and individuals for Treasury Bills.

Holders of Domestic Debt (2018 and 2019)

Table 2

2018 2019 Creditors Million $ % Million $ % CBTT 27,277.4 60.7 25,538.7 51.5 Commerial Banks 15,705.5 35.0 20,707.5 41.7 Individuals 1,905.0 4.2 3,340.0 6.7 Others 16.9 0.0 16.9 0.0 Total 44,904.8 100.0 49,603.1 100.0

Holders of Domestic Debt as at September 30, 2019

Individuals 6.7% Others 0%

CBTT 51.5% Commerial Banks 41.7%

Chart 2

EXTERNAL DEBT

External Loans - $24,109,387,066.96

8. The external debt as at September 30, 2019 was $24,109,387,066.96. There was an increase of $ 1,201,182,624.25 or 5.25% over the previous year. This was mainly due to the raising of three new loans and the repayment of one existing loan.

9. During the fiscal year three (3) new loan agreements were contracted, two with Corporacion Andina De Femento (CAF) and the other with UniCredit Bank of Austria AG. Disbursements during the financial year totaled $1,951,087,099.47.

Disbursements - $1,951,087,099.47

10. Disbursements in respect of external loans consisted of drawdowns on existing and new loans which totaled $1,951,087,099.47. The majority of which were received from multilateral creditors. When classified by economic sector, the disbursements were as follows: approximately 76.9% to the Ministry of Finance, 13.2% to Ministry of Health, 7.3% to Ministry of Public Utilities, 1.2% to Ministry of the Attorney General and Legal Affairs, 1.1% to the Ministry of Trade and Industry, and 0.3% to the Ministry of Planning and Development.

11. Actual external debt service payments during 2019 totaled $ 857,021,694.63. This figure when compared to 2018 reflected an increase of $161,096,884.14. The repayments for 2019 were mainly due to normal debt servicing of existing loans.

12. A summary of transactions in respect of external Loans is given below:

$ Balance as at October 01, 2018 22,908,204,442.71 Add: Adjustment to Balance (2019) 117,708,052.10 Add: Receipts for Financial Year 2019 1,951,087,099.47 Less: Repayments for Financial Year 2019 (857,021,694.63) Less: Foreign Exchange Adjustments (10,590,832.69) Balance as at September 30, 2019 24,109,387,066.96

Foreign Exchange Adjustment – ($10,035,450.22)

13. The net figure of ($ 10,035,450.22) represents the net adjustment on external loans of ($10,590,832.19), $381,398.38 on local loans and $173,983.59 on Head 18 - local loans as a result of changes in the foreign exchange rates.

External Debt Outstanding by Major Creditors Group

14. Of the total external debt outstanding as at September 30, 2019, $9,014.9 million was owed to multilateral financial institutions, whilst $15,094.5 million was owed to bilateral/commercial creditors.

15. Multilateral Creditors: - The debt owed to the multilateral financial institution as at September 30, 2019 has increased by $1,183.6 million to $9,014.9 million when compared to last fiscal year’s figure of $7,831.3 million. This is mainly due to new and additional disbursements and foreign exchange adjustments.

16. Official Bilateral / Commercial Creditors: - The debt owed as at September 30, 2019 amounted to $15,094.5 million. This figure increased by $17.6 million over the last fiscal year. This is mainly due to loan issue and repayments and foreign exchange adjustment.

17. An analysis of the outstanding external debt by sources of financing is detailed below:

External Debt Outstanding by Sources of Financing (2018 and 2019)

Table 3

Debt as September 30, Debt as September 30, TYPE 2018 2019 Change

Million $ % Million $ % Million $ IADB 4,320.90 18.86 4,133.70 17.15 (187.20) CDB 245.00 1.07 207.05 0.86 (37.95) EIB 22.30 0.10 19.35 0.08 (2.95) Notes and Bonds 13,175.00 57.51 13,176.15 54.65 1.15 Japanese Banks 693.00 3.03 710.60 2.95 17.60 Chinese Banks 735.30 3.21 644.70 2.67 (90.60) Other 3,716.70 16.22 5,217.83 21.64 1,501.13

Total 22,908.20 100.00 24,109.38 100.00 1,201.18

External Debt Outstanding by Sources and Financings at September 30, 2019

Chart Title

0% 21.6% 17.1% IADB 0.9% 3% CDB EIB Notes and Bonds 2.7% Japanese Banks Chinese Banks 54.6% Other

Chart 3- Paragraphs 14-16 refer

External Debt Outstanding by Contracting Currency

18. Out of the total debt outstanding, 93% was denominated in USD, and 7% of the debt stock was denominated in other currencies such as Japanese Yen, EURO and RMB Yuan.

External Debt Outstanding by Contracting Currency (2018 and 2019) Table 4

Borrower FY 2018 FY 2019 Change Millions $ % Millions $ % Millions $

USD 21,302.57 92.99 22,399.02 92.91 1,096.45

EURO 177.29 0.77 355.07 1.47 177.78

JPY 693.00 3.03 710.60 2.95 17.60

RMB YUAN 735.34 3.21 644.70 2.67 (90.64) Total 22,908.20 100.00 24,109.39 100.00 1,201.19

External Debt Outstanding by Contracting Currency as at September 30, 2019

22,399.02 25,000.00

20,000.00

15,000.00

10,000.00 355.07 710.60 644.70 5,000.00

0.00 USD EURO JPY RMB YUAN

Millions $

Chart 4 – Paragraph 18 refers

NEW COMMITMENT

19. During fiscal year 2019, three3(2) new loan agreements were signed. The total of $1,484.1 million was disbursed for the loan from Corporacion Andina De Femento (CAF) and $246.85 million from the UniCredit Bank of Austria AG. Details of the new loans are outlined in Table 5 below:

New Commitment Contracted during the financial year 2019

Table 5

Amount Interest Lender Description Loan In Loan Rate Maturity Mn. (%) (Year) $

1) Corporacion To support Medium- USD 120Mn 6mths Andina de Term Fiscal Libor plus 2033 Fomento Consolidation 1.9% Strategy – Phase II

2) UniCredit Construction of the Euro 81.4Mn % of Bank of Point Fortin Hospital Euribor 2029 Austria AG

3) Corporacion To support Road USD 200Mn 6mths Andina de Construction, Libor plus 2039 Fomento Rehabilitation and 1.85% Maintenance

Head 18: Ministry of Finance - $1,368,403,727.44

20. The balance recorded for loans serviced under Head 18 – Ministry of Finance as at September 30, 2019 was $1,368,403,727.44. Where loans were not serviced by State Enterprises or Statutory Bodies, the Government assumes the liability and the loans are serviced through budgetary allocation under Head 18 – Ministry of Finance. Also, loans are issued under the authority of Letters of Comfort and Loans or Credits Guaranteed by the State. The balance on these as September 30, 2019 are as follows:

Letters of Comfort: $ 15,915,400,411.43

Loans or Credits Guaranteed by the State: $ 12,457,933,805.34

SUMMARY OF PUBLIC DEBT

21. The transactions relative to the Public Debt for the financial year 2019 are summarized below:

Table 6

Summary of Transactions of the Public Debt for the Financial Year 2019

Local Loans External Loans Head 18 Total

Balance as at 44,904,821,301.23 22,908,204,442.71 1,164,509,745.54 68,977,535,489.48 October 01, 2018

Add: New Loans * 7,759,927,000.00 1,730,964,062.37 504,455,772.11 9,995,346,834.48

Le ss: Gain Transferred to 0.00 0.00 0.00 0.00 Revenue Add: Disbursements for 80,589,081.70 220,123,037.10 0.00 300,712,118.80 Finacial Year 2019 Le ss: Repayments for Financial Year (2,875,832,675.95) (857,021,694.63) (288,808,575.28) (4,021,662,945.86) 2019 Add: Foreign Exchange Financial 381,398.38 (10,590,832.69) 173,983.59 (10,035,450.72) Year 2019

Add: Adjustment (266,744,041.60) 117,708,052.10 (11,927,198.50) (160,963,188.00) Other Balance as at September 30, 49,603,142,063.76 24,109,387,066.96 1,368,403,727.44 75,080,932,858.16 2019

* New Loans include: Loans transferred from Letters of Comfort and Loans or Credit Guaranteed by the State.

22. It has been revealed that the local debt increased by $2,316.3 million or 6.4% from 2015 to 2016 and increased by $5,213.1 million or 13.5% in 2017. It increased by 2.5% to $44,904.8 million in 2018 and further increase by 10.5% to $49,603.1 million in 2019.

External Debt increased from $12,398,923,019 in 2015 to 19,683,026,369 in 2016. In 2017, external debt increased by 10% or $1,964,177,778, increased further by 5.8% in 2018 and by 5.2% to $24,109,387,067 in 2019.

A comparison of the debt (local and external) for the financial years 2015 to 2019 showed an increase of $9.6 billion in 2016. It increased by 12.3% or $7.2 billion in 2017 and increased by 3.6% to $67.8 billion in 2018, and increased further by 9.5% to $73.7 billion in 2019, as outlined in Table 7.

23. The external debt has consistently remained below the local debt and recorded approximately 33% of the total debt in for both years 2018 and 2019. Details are shown below:-

Table 7

Financial Local Loans External Loans Total Debt Year $ $ $ 2015 36,274,030,615.35 12,398,923,018.91 48,672,953,634.26 2016 38,590,292,498.31 19,683,026,369.12 58,273,318,867.43 2017 43,803,413,510.37 21,647,204,146.95 65,450,617,657.32 2018 44,904,821,301.23 22,908,204,442.71 67,813,025,743.94

2019 49,603,142,063.76 24,109,387,066.96 73,712,529,130.72

Comparative Summary of Total Public Debt for Financial Years 2015 to 2019

80,000,000,000.00

70,000,000,000.00

60,000,000,000.00

50,000,000,000.00

40,000,000,000.00

30,000,000,000.00

20,000,000,000.00 Total Debt 10,000,000,000.00 Local Loans External Loans - 2015 2016 2017 2018 2019 External Loans Local Loans Total Debt

Chart 5

24. A comparison of the public debt (local and external) and actual revenue for the financial years 2015 to 2019 is detailed overleaf:

Comparison of the Public Debt and the Revenue for the Financial Years 2015 to 2019

Table 8

% of Public Debt to Years Public Debt Total Revenue Total Revenue 2015 48,672,953,634 60,519,665,417 81 2016 58,273,318,867 60,313,756,178 97 2017 65,450,617,657 47,777,197,583 137 2018 68,977,535,489 50,477,117,276 137 2019 75,080,958,413 53,423,353,342 141

Comparison of the Public Debt and the Revenue for the Financial Years 2015 to 2019

80,000,000,000

70,000,000,000

60,000,000,000

50,000,000,000

40,000,000,000

30,000,000,000

20,000,000,000

10,000,000,000

0 2015 2016 2017 2018 2019

Public Debt Total Revenue

Chart 6

CHARGES ON ACCOUNT OF THE PUBLIC DEBT

25. Charges on Account of the Public Debt comprise principal repayments, interest and other payments which are accounted for under Expenditure Head 19 - Charges on Account of the Public Debt.

The composition of the figure of $8,230,354,829.78 is detailed below:

$ Principal Repayments Local Loans 2,275,832,635.95 Foreign Loans 857,021,694.63 Total Principal Loan Repayments (a) 3,132,854,330.58

Interest Payments Local Loans 1,515,911,469.83 Foreign Loans 1,126,518,313.38 Notes, Debentures and Others 972,039,261.70

Total Interest Payments (b) 3,614,469,044.91

Other Payments Management Expenses 54,998,339.66 Sinking Fund Contributions 708,291,100.00 Discounts and Other Fiancial Instruments 719,269,740.66 Expenses of Issues 472,273.97

Total Other Payments c) 1,483,031,454.29

Total Expenditure (a) + (b) + c) 8,230,354,829.78

Expenditure under Head 19 decreased by $990,596,518.12 or 10.7% when compared to the previous financial year’s figure of $9,220,951,347.91.

26. The Table 9 below shows charges on Account of the Public Debt as percentage of Total Expenditure for the five (5) financial years 2015 to 2019.

Charges on Account of the Public Debt as a Percentage of Total Expenditure for the Financial Years 2015 to 2019

Table 9

Charges on Account of the Total Expenditure Financial Year Public Debt % $’000 $’000 2015 61,964,263 5,330,176 8.6 2016 56,574,649 7,024,666 12.4

2017 54,883,151 9,641,806 17.6 2018 54,211,711 9,220,951 17.0 2019 15.1 54,581,187 8,230,355

Comparison of the Public Debt and Total Expenditure for the Financial Years 2015 to 2019

70,000,000 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0 2015 2016 2017 2018 2019

Total Expenditure $’000 Charges on Account of the Public Debt $’000

SUMMARY

Central Government as at September 30, 2019 $ ¢ Domestic Loans 49,603,142,063.76 External Loans 24,109,387,066.96 Loans serviced under Head 18 1,368,403,727.44 75,080,932,858.16

Other Balances on BOLT Projects 105,364,269.28 75,186,297,127.44

Contingent Liabilities as at September 30, 2019 Balances on Loans assumed by the GORTT 2,106,721.02 Loans and Credits Guaranteed by the State 12,457,933,805.34 Letters of Comfort 15,915,400,411.43 Promissory Notes 5,335,917,827.84 Open Market Operations re: Treasury Bill 15,493,500,000.00 124,391,155,893.07

Conclusion

The issue of the public debt and debt sustainability has long been a concern for policy makers of both fiscal and monetary authority. The Central Government Debt and Contingent Liability must be examined and analyzed in it’s entirely to ensure present and future debt sustainability. It is important for overall macro-economic policy to manage the debt and it needs to be coordinated closely with fiscal, monetary and other macro-economic and financial policies. For this reason, debt managers and fiscal and monetary authorities should share an understanding of the objectives of debt, fiscal and monetary policies, given the independence among the policy instruments. Close coordination is needed to choose an appropriate mix of financing and policy adjustment to facilitate economic recovery while preventing the build-up of an unsustainable debt burden.

Catherine Laban Comptroller of Accounts

January 31, 2020

DEFINITIONS

Arrears

Amounts that are past due for payment and unpaid. Arrears can arise both through the late payment of principal and interest on debt instruments as well as through late payment for other instrument transactions.

Bilateral (Creditor type)

Financing whose source is a foreign government or its agencies (including Central Banks), an autonomous public body or an official export credit agency.

Bilateral debt

Loans extended by a bilateral creditor

Bilateral Loans

Loans from Governments and their agencies (including Central Banks), Loans from autonomous bodies and direct loans from official export credit agencies

Bond Holders

These are holders of bonds and other securities, including those held at commercial banks and other financial institutions

Cancellations

A decrease of the undisbursed amount and the loan commitment

Capitalization

See “Capitalized Interest”.

Capitalized Interest

Capitalized interest is the conversion of accrued interest cost of future interest payments, by a contractual arrangement with the creditor, into a new debt instrument or the principal amount. The most common form of capitalization is the reinvestment of interest cost into the principal amount,

either because of an explicit agreement regarding the specific debt instrument or as part of a rescheduling agreement. Frequently, as part of a reschedule during the consolidation period is converted, through an agreement made with the creditor, into principal.

Commitment

Generally, a firm’s obligations to lend, guarantee, or insure resource of a specific amount under specific financial terms and conditions.

Concessional Loans

Loans that are extended on terms substantially more generous that market loans. The concessionality is achieved either through interest rates below those available on the market or by grace periods, or a combination of these. Concessional loans typically have long grace periods.

Creditor Country

The country in which the creditor resides

Debt Conversion

The exchange of debt for a non-debt liability, such as equity, or for counterpart funds, such as can be used to finance a particular project or policy.

Debt Outstanding (and Disbursed)

The amount disbursed but has not yet been repaid of forgiven.

Debt Service

Payments in respect of principal, interest and fees. Actual debt service is the set of payments actually made to satisfy a debt obligation, including principal, interest and any late payment fees. Scheduled debt service is the set of payments, including principal, interest and fees that are required to be made through the life of the debt.

Disbursement/Drawing

The transactions of providing financial resources. The two counter parties must record the transactions simultaneously. In practice, disbursements are recorded at one of several stages: provision of goods and services (where trade credit is involved); placing of funds at the disposal of the recipient in an earmarked fund or account; withdrawal of funds by the recipient from an earmarked fund or account; or borrower. The term “utilized” may apply when the credit extended

is in a form other than currency. Disbursements should be recorded gross-the actual amount disbursed.

Euro

The EURO is the European currency launched on January 1999. Consequently, the countries participating in the Monetary Union are no longer quoted on the foreign exchange markets.

EURO LIBOR

The EURO LIBOR is calculated by the British Banker’s Association as an unweighted average of the money markets for the euro provided by the panel of banks.

External Debt

Gross external debt, at any given time, is the outstanding amount of those actual current, and not contingent liabilities, that require payment(s) of interest and /or principal by the debtor at some point(s) in the future and that are owed to nonresidents of an economy.

Fee

A payment for a service, for instance commitment fee, agent fee, management fee. The term fee is interchangeable with commission.

Fixed Rate Debt

Debt instruments, where interest costs are not linked to any reference index.

Floating Rate Debt

See “Variable-rate debt”

General Government

General government consists of:

a. Government units that exist at each level – Central, State, or Local – of Government within the national economy;

b. All social security funds operated at each level of government;

c. All non-market nonprofit institutions that are controlled and mainly financed by government units. Public corporations and unincorporated enterprises that function as if they were corporations (so-called quasi-corporations) are explicitly excluded from the general government sector, and are allocated to the financial or non-financial corporate sectors, as appropriate.

Government Guaranteed external debt

External obligation of a debtor that is guaranteed for repayment by the government or agency acting on behalf of the government.

Interest

For the use of principal, interest can, and usually does, accrue on the principal amount, resulting in an interest cost for the debtor. When this cost is paid periodically, as commonly occurs, it is known as an interest payment. Interest can be calculated either using a fixed-interest rate or a variable-interest rate basis. In contrast to a fixed interest rate, which remains unchanged over a period of years, a variable-interest rate is linked to a reference index e.g. Libor, or the price of a specific financial instrument that normally changes over time in continuous manner in response to market pressures.

Late Interest

Compensation (penalty) one party has to pay to another party in the event of the first party failing to meet its obligations, or some of its obligations, under the terms of a commercial contract.

Long-term External Debt

External debt that has a maturity of more than one year.

Multilateral Creditors

These creditors are multilateral institutions such as the IMF and the World Bank, as well as other multilateral development banks.

Multilateral (Creditor Type)

Financing, whose source is the World Bank Group, regional development banks or other multilateral and intergovernmental agencies.

Revenue

Increase in net worth resulting from a transaction. For general government units, there are four main sources of revenue: taxes and other compulsory transfers imposed by government units, property income derived from the ownership of assets, sale of goods and services and voluntary transfers received from other units.

Public Debt

An external obligation of a public debtor, including the national government, a political subdivision (or an agency of either) and autonomous public bodies publicly guaranteed debt, which is an external obligation of a private debtor that is guaranteed for repayment by a public entity and private.

Total Debt

Total debt stocks of public and publicly guaranteed long-term debt, private non-guaranteed long- term debt, the use of IMF credit and short-term debt, all disbursed and outstanding at year-end.

ACRONYMS

CDB Caribbean Development Bank

CNY Chinese Yuan

CY Currency

EIB European Investment Bank

FY Fiscal Year

GBP Great British Pound

GORTT Government of the Republic of Trinidad and Tobago

HIPC Highly Indebted Poor Countries

IADB Inter-American Development Bank

IBRD International Bank for Reconstruction and Development

IDA International Development Association

IMF International Monetary Fund

MOFE Ministry of Finance and the Economy

OPEC Organization of the Petroleum Exporting Countries

PC Paris Club

RMB YUAN Chinese Renminbi Yuan

SDR Special Drawing Rights

TTD Trinidad and Tobago Dollar

USD United States Dollar

SUMMARY TOTAL OF PUBLIC DEBT AS AT SEPTEMBER 30, 2019

$ a) Local Loans 49,603,142,063.76 b) External Loans 24,109,387,066.96 73,712,529,130.72 c) Loans Serviced Under Head 18 1,368,403,727.44 75,080,932,858.16

41 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019 (A) LOCAL LOANS

LEGAL AUTHORITY AMOUNT AUTHORISED TO BE RAISED PRESENT DEBT

$ ¢ $ ¢ (i) Local Loan Ordinance 15 of 1920 £1,000,000.00 480.00 (Chapter 222) converted at $4.80 4,800,000.00

(ii) War Loan Ordinance 3 of 1941 7,000,000.00 18,992.00 Amendment 2 of 1943 Amendment 4 of 1944

(iii) Trinidad Electricity Board (Loan) Ordinances 2,100,000.00 1,056.00 27 of 1941 and 23 of 1942

(iv) Slum Clearance and Housing (Loan) 5,000,000.00 30,144.00 Ordinance 30 of 1944

(v) Economic Programme (Loan) Ordinances 63,500,000.00 67,500.00 36 of 1956 and 18 of 1959

(vi) Government Savings Bonds Act Chapter 71:41 500,000,000.00 1,768,138.35 Legal Notice #33/87

(vii) Treasury Bills Act Chapter 71:40 15,000,000,000.00 3,340,000,000.00 Legal Notice #35/87 Legal Notice #26/03 Legal Notice #182/06

(viii) Treasury Bond Act 2008 3,000,000,000.00 2,309,271,000.00 Chapter 71:43

(ix) Development Loans (Amendment) Act 30,000,000,000.00 41,300,868,555.41 Chapter 71:04 Act # 29/94 Legal Notice #15/00 (External and Local) Legal Notice #27/03 Legal Notice #148/08

(x) Public Sector Arrears of Emoluments 2,000,000,000.00 8,615,238.00 Act No.7 of 1995

(xi) Treasury Notes Act. No.14 of 1995 5,000,000,000.00 0.00 Legal Notice #25/03 Legal Notice #182A/06

(xii) Act. No.17 of 2011 11,100,000,000.00 2,642,501,000.00

TOTAL 49,603,142,103.76 42 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

(B) EXTERNAL LOANS

LEGAL AUTHORITY AMOUNT AUTHORISED TO BE RAISED PRESENT DEBT

$ c $ c

(i) Independence Development Loans Act Amount not specified 1,783,848.00 ACT 6 of 1964 Amended 21 of 1981 Chapter 71:03

(ii) External Loans Act 15,000,000,000.00 19,973,903,870.52 ACT 31 of 1967 Chapter 71:05 Legal Notice #111/93

(iiI) National Development (International Bank Amount not specified 0.00 for Reconstruction and Development) Loans Act ACT 2 of 1967 Chapter 71:06

(iv) National Development (Inter-American Amount not specified 4,133,699,348.44 Development Bank) Loans Act ACT 32 of 1967 Chapter 71:07

TOTAL 24,109,387,066.96

43 SUMMARY MEMORANDUM STATEMENT SHOWING EXTERNAL DEBT VALUED AT RATES OF EXCHANGE PREVAILING ON SEPTEMBER 30, 2019

DEBT AS AT SEPTEMBER 30, 2019 AMOUNT IN RELEVANT FOREIGN CURRENCY AUTHORISED AMOUNT REALISED AMOUNT REPAID IN TT DOLLARS TO BE RAISED TO DATE FOREIGN CURRENCY

$ ¢ (a) Amount repayable in UK Pound 0.00 0.00 0.00 0.00 0.00

(b) Amount repayable in China Yuan 2,157,428,000.00 1,167,428,000.00 451,875,771.91 682,073,161.27 644,695,552.03

(d) Amount repayable in US Dollars 4,235,136,194.75 3,647,332,816.74 498,433,238.16 3,314,935,117.63 22,399,016,589.82

US equivalent of AUD 75,363,000.00 75,363,000.00 64,942,918.94 0.01 0.07

(e) Amount repayable in EUR 42,934,679.22 40,549,696.07 19,300,009.35 44,953,021.35 355,074,925.04

TOTAL 24,109,387,066.96

44 TABLE OF FOREIGN EXCHANGE RATES

AS AT SEPTEMBER 30, 2019

CURRENCY EXCHANGE RATE

UK Pound (Sterling) 8.8407

Japanese Yen 0.0646

US Dollar 6.7570

Euro 7.8988

Chinese Yuan 0.9452

Rates of exchange extracted from the Central Bank of Trinidad and Tobago - Domestic Market Operations

45 NOTES TO THE ACCOUNTS

NOTE 1 Digital Public Safety Comunications Systems USD - 4,647,000.00 Loan was fully repaid in Nov 2017. Letter from Republic Bank Ltd dd April 15, 2019 refers. The sum of USD 11,450.08 equivalent to TT$77,374.83 has been adjusted.

NOTE 2

GOTT $1.5BN 2.3% FRB due 2026/2027 (Tranche 1) The sum of $266,666,666.67 represents the Clico portion of the Bond which has been transferred and subsequently cancelled. Letter from First Citizens Bank dd April 30, 2019 refers. Digital Public Safety Communication Systems USD 4,647,000 (TTD equiv. $29,896,939.2) 3.75%

No Payment Date Advice No. USD Amount TTD Amount Balance USD Balance TTD TTD Balance Restated 1 May 2013 6014 426,825.75 2,756,312.65 4,220,174.25 27,140,626.55 27,099,426.93 2 November 2013 1948 434,828.73 2,797,688.05 3,785,345.52 24,342,938.51 3 May 2014 4779 442,981.77 2,832,115.35 3,342,363.75 21,510,823.16 21,301,886.89 4 November 2014 944 451,287.68 2,867,075.76 2,891,076.07 18,643,747.40 5 May 2015 4238 459,749.32 2,929,384.74 2,431,326.75 15,714,362.65 15,493,629.71 6 November 2015 880 468,370.72 3,001,928.46 1,962,956.03 12,712,434.20 7 May 2016 3983 465,700.01 3,102,493.47 1,497,256.02 9,609,940.73 10,090,307.77 8 November 2016 747 486,098.15 3,301,967.51 1,011,157.87 6,307,973.22 9 May 2017 3715 495,212.51 3,344,863.38 515,945.36 2,963,109.84 3,487,326.28 10 November 2017 796 504,493.78 3,428,035.24 11,451.58 (464,925.40) STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

AMOUNT LEGAL AUTHORITY CSDRMS # AUTHORISED TO BE VALUE OF BONDS AMOUNT REALISED AND RATE OF AMOUNT REPAID PRESENT DEBT REMARKS RAISED OR STOCK ISSUED DATE INTEREST TO DATE $ ¢ $ ¢ $ ¢ $ ¢ $ ¢ A - LOCAL LOANS

Loan raised under Ordinance No. 15 of 1920 (Chapter 222)

(1) 6 percent Debentures 1962004 4,800,000.00 4,800,000.00 4,800,000.00 August 6 percent 4,799,520.00 480.00 1920 These Bonds were redeemable from August 15,1930. The Debt Balance represents outstanding Debenture Bonds. Loan raised under War Loan Ordinance No. 3 of 1941

(2) 3 percent Debentures 1959 1962005 1,769,664.00 1,769,664.00 1,769,664.00 August to 3 percent 1,765,536.00 4,128.00 These Bonds were repayable at par on October 15, December 1959. The Debt Balance represents unpaid Bonds. 1941

(3) Free Interest Certificates 1962006 35,336.00 35,336.00 35,336.00 June Free 35,286.00 50.00 These Certificates were payable without interest three 1941 to (3) months after February 24, 1946. The Debt balance August represents unpaid Certificates 1942

(4) Holders of Savings Certificates 1962007 3,200,000.00 3,199,996.80 3,199,996.80 August 3.17 percent 3,185,182.80 14,814.00 These Certificates matured ten (10) years after issue. 1941 to The Debt balance represents unredeemed certificates. September 1946

Loan raised under The Trinidad Electricity Board Ordinance No. 3 and 27 of 1941 and 23 of 1942

(5) 3 percent Debentures 1962008 3,101,664.00 3,101,664.00 3,101,664.00 April 3 percent 3,100,608.00 1,056.00 This loan was repayable at par on December 15, 1983. 1973-1983 to June The balance represents outstanding Debenture Bonds. 1943

Loan raised under the Slum Clearance Housing Ordinance No. 30 of 1944

(6) 3 percent Debentures 1962009 5,007,500.00 1,645,248.00 1,645,248.00 1944 3 percent 4,976,448.00 30,144.00 This loan was repayable at par on November 15, 1984. 1974-1984 1,407,360.00 1,407,360.00 1946 The Debt balance represents outstanding Debenture 1,953,984.00 1,953,984.00 1948 5,006,592.00 5,006,592.00

Loans raised under the Economic Programme Loans Ordinance, 1956 (No.36 of 1956) as amended by No.18 of 1959

(7) 6.5 percent Debentures 1962010 12,390,500.00 12,390,500.00 12,390,500.00 1960 6.5 percent 12,372,350.00 18,150.00 Loan raised by issue of Debenture Bonds sold on Tap. 1976-1981 2nd Tap Issue The Debt Balance represents outstanding Debenture (Issued 1960)

(8) 6.5 percent Debentures 1968001 4,063,500.00 4,063,500.00 4,063,500.00 1965 6.5 percent 4,059,250.00 4,250.00 Loan raised by issue of Debenture Bonds sold on Tap. (30 Year Bonds) to The Debt Balance represents outstanding Debenture 3rd Tap Issue - 1968

(9) 7.5 percent Development 1968002 10,000,000.00 10,000,000.00 10,000,000.00 1968 7.5 percent 9,954,900.00 45,100.00 Repayable at par w,e,f, November 21, 1993. The Debt Bonds 1988-1993 balance represents outstanding Bonds.

Loans raised by the Issue of Savings Bonds - Chapter 71:41

(10) National Savings 1962002 300,000,000.00 6,780,068.31 6,780,068.31 August 0 percent 6,596,437.96 183,610.35 The Balance represents outstanding bonds. Bonds (12 years) 1962 to September 2000

Carried Forward: 301,782.35

46 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

AMOUNT LEGAL AUTHORITY CSDRMS # AUTHORISED TO BE VALUE OF BONDS AMOUNT REALISED AND RATE OF AMOUNT REPAID PRESENT DEBT REMARKS RAISED OR STOCK ISSUED DATE INTEREST TO DATE Brought Forward: 301,782.35

(11) National Tax 1978002 300,000,000.00 6,259,500.00 6,259,500.00 1978 6 percent 6,055,700.00 203,800.00 Loan raised in 1978 by the issue of National Tax Free Free Savings Bonds 1983 Savings Bonds for five (5) years. The Debt balance (Issue of 1978)

(12) National Tax 1983002 300,000,000.00 51,941,850.00 51,941,850.00 1983 6 percent 51,882,350.00 59,500.00 Loan raised in 1983 by the issue of National Tax Free Free Savings Savings Bonds. For five (5) Years. The Debt Balance Bonds 1988 represents unredeemed Bonds. (Issue of 1983)

(13) National Tax 1986001 300,000,000.00 68,019,800.00 68,019,800.00 1986 6 percent 67,343,850.00 675,950.00 Loan raised in 1986 by the issue of National Tax Free Free Savings Savings Bonds for five (5) years. The Debt balance Bonds 1991 represents Unredeemed Bonds. (Issue of 1986)

(14) National Tax 1992004 300,000,000.00 6,814,150.00 6,814,150.00 1992 6 percent 14,746,412.00 96,438.00 Loan raised in 1992 by the issue of National Tax Free Free Savings Bonds 2,855,500.00 2,855,500.00 7 percent Savings Bonds and matures at 5 Years, 7 Years and 10 1997, 1999, 2002 5,173,200.00 5,173,200.00 8 percent Years. Balance represents unredeemed Bonds. (Issue of 1992) 14,842,850.00 14,842,850.00

(15) National Tax 1993008 300,000,000.00 6,689,600.00 6,689,600.00 1993 6 percent 14,207,650.00 222,800.00 Loan raised in 1993 by the issue of National Tax Free Free Savings Bonds 2,678,950.00 2,678,950.00 7 percent Savings Bonds. The Bonds were issued in three 1998, 2000, 2003 5,061,900.00 5,061,900.00 8 percent maturities, 5 years, 7 years and 10 years from the (Issue of 1993) 14,430,450.00 14,430,450.00

(16) National Tax 1994005 300,000,000.00 4,995,950.00 4,995,950.00 1994 6 percent 12,841,350.00 500.00 Loan raised in 1994 by the issue of National Tax Free Free Savings Bonds 2,273,350.00 2,273,350.00 7 percent Savings Bonds. The Bonds were issued in three 1999, 2001, 2004 5,572,550.00 5,572,550.00 8 percent maturities 5 years, 7 years and 10 years from the date (Issue of 1994) 12,841,850.00 12,841,850.00

(17) National Tax 1988004 18,341,100.00 18,341,100.00 18,341,100.00 1988 6 percent 18,015,600.00 325,500.00 Loan raised in 1988 by the issue of National Tax Free Free Housing Housing Bonds. The Bonds were repayable at par at Bonds 1995 maturity 7 years after the date of purchase. The Debt (Issue of 1988)

Loans raised by the Issue of Treasury Bills Chapter 71:40

(18) Treasury Bills 15,000,000,000.00 3,340,000,000.00 800,000,000.00 0 percent 0.00 3,340,000,000.00 The figure represents outstanding issues 1,105,000,000.00 2017 Treasure Bills Nos 1,435,000,000.00 2019 #1598 - 75,000,000.00 3,340,000,000.00 #1601 - 100,000,000.00 #1603 - 75,000,000.00 #1606 - 50,000,000.00 #1608 - 75,000,000.00 #1609 - 75,000,000.00 #1610 - 75,000,000.00 #1611 - 50,000,000.00 #1612 - 75,000,000.00 #1613 - 75,000,000.00 #1614 - 75,000,000.00 #TB210820 - 50,000,000.00 #TB220520 - 500,000,000.00 #TB280520 - 150,000,000.00 #260320TB - 250,000,000.00 #TB260320 - 155,000,000.00 #TB290520 - 300,000,000.00 #TB050820 - 515,000,000.00 #TB160620 - 515,000,000.00 #TB170720 - 105,000,000.00 Carried Forward: 3,341,886,270.35

47 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

AMOUNT LEGAL AUTHORITY CSDRMS # AUTHORISED TO BE VALUE OF BONDS AMOUNT REALISED AND RATE OF AMOUNT REPAID PRESENT DEBT REMARKS RAISED OR STOCK ISSUED DATE INTEREST TO DATE Brought Forward: 3,341,886,270.35

Loans raised under Act No. 7 of 1995

(19) Public Sector 1996009 329,638,500.00 329,638,500.00 329,638,500.00 1996 0 percent 328,819,205.00 819,295.00 Bonds Issued in accordance with Act No. 7/95 dated Arrears of Emoluments April 7,1995. Bonds were redeemable at par on January Bond Issue 1996 31,1998. Balance represents unredeemed Bonds.

Bonds Issued in accordance with Act No. 7/95 dated (20) Public Sector 1997010 339,575,500.00 339,575,500.00 339,575,500.00 1997 0 percent 338,919,022.00 656,478.00 April 7,1995. Bonds were redeemable at par on Arrears of Emoluments January 31,1999 Balance represents unredeemed Bond Issue 1997 Bonds.

(21) Public Sector 1998008 435,610,000.00 435,610,000.00 435,610,000.00 1998 0 percent 433,540,790.00 2,069,210.00 Bonds Issued in accordance with Act No. 7/95 dated Arrears of Emoluments April 7,1995. Bonds were redeemable at par on January Bond Issue 1998 31,2000 Balance represents unredeemed Bonds.

Bonds Issued in accordance with Act No. 7/95 dated (22) Public Sector 1999011 512,488,500.00 512,488,500.00 512,488,500.00 1999 0 percent 507,418,245.00 5,070,255.00 April 7,1995. Bonds were redeemable at par on Arrears of Emoluments January 31,2001 Balance represents unredeemed Bond Issue 1999 Bonds.

Loans raised under the Development Loans Act Chapter 71:04 of the Revised Laws of Trinidad and Tobago

(23) 5 percent Development 1964001 1,010,624.49 1,010,624.49 1,010,624.49 1964 5 percent 969,177.38 41,447.11 Bonds redeemable after five (5) years from date of Bonds (5 years) to 1991 issue. Balance represents unredeemed Bonds.

(24) 7 percent Development 1971001 4,000,000.00 4,000,000.00 4,000,000.00 November 7 percent 3,998,800.00 1,200.00 Loan raised in November 1971 by issue of National Tax Bonds 1974 Issued 1971 Free Savings Bonds. The Loan was repayable at par on November 24, 1974. The Debt Balance represents outstanding Bonds. November 1971

(25) 7.5 percent Development 1972001 1,200,000.00 1,200,000.00 1,200,000.00 December 7.5 percent 0.00 1,200,000.00 Loan raised in November 1972 by issue of National Tax Bonds 2012 - Issued Dec 1972 1972 Free Savings Bonds. The Loan will be repayable at par on December 28, 2012. The Debt Balance represents Unredeemed Bonds.

Loan raised in January 1974 by issue of National Tax (26) 7.5 percent Development Bonds 1974001 4,000,000.00 4,000,000.00 4,000,000.00 January 7.5 percent 0.00 4,000,000.00 Free Savings Bonds. The Loan will be repayable at par 2014 - Issued January 1974 1974 on January 01, 2014. The Debt Balance represents Unredeemed Bonds.

Loan raised in January 1975 by issue of National Tax (27) 7.5 percent Development Bonds 1975001 1,000,000.00 1,000,000.00 1,000,000.00 1975 7.5 percent 0.00 1,000,000.00 Free Savings Bonds. The Loan will be repayable at par 2015 (D.F.C. Bonds) on January 01, 2015. The Debt Balance represents Unredeemed Bonds.

(28) Floating and 224,223,643.97 224,223,643.97 224,223,643.97 August 2 percent 224,121,114.00 102,529.97 Loan raised on August 29, 1992 by issue of Trinidad Fixed Rate Bonds 29th per annum and Tobago. Fixed and Floating Rate Bonds. Loan to Project Financing Facility 11 1992 below the be repaid over a period of twenty (20) years. to average 2003 Rate

Carried Forward: 3,356,846,685.43

48 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

(29) Bonds issued 36,040,000.00 36,040,000.00 36,040,000.00 June 3.5 percent 35,930,000.00 110,000.00 Special issue of five (5) year Government of Trinidad Re: Outstanding Indebtedness 21st below and Tobago Bonds to Contractors on June 21, 1990. by Government Ministries 1990 Prime Rate. Balance represents outstanding Bonds. and Departments to General 9.5 percent Contractors in first period

(30) Accommodation 1997002 290,900,732.03 290,900,732.03 290,900,732.03 1998 Series B 249,987,215.16 40,913,516.87 Loan Agreement dated December 9, 1997. This loan Project for the 1997003 1.50 was raised by Bonds issued in four (4) series A to D T'dad and T'go 1997004 percent Series A was not taken up. Police Service Station Below Prime Series B has a maturity of twenty (20) years Agreement Series C has a maturity of twenty-five (25). dated December 9,1997 Series C Series D has a maturity of thirty (30) years 1 percent Below Prime

Series D 1 percent Below Prime

(31) GOTT $54,120,689.65 2001014 364,995,582.10 364,995,582.10 364,995,582.10 2002 11.25 0.00 364,996,582.10 Loan raised on November 7, 2001. Interest to be 11.25 percent Fixed Rate to percent capitalised every year until maturity. The Bonds will be Bonds due 2021. Increased to 2004 repaid by lump sum at maturity in November 2021 $364,995,582.10 W.A.S.A. Interim Operations Agreement Loan (I.O.A.)

Loan raised on December 31, 2001. Interest to be (32) GOTT $6,911,426.00 2001015 45,906,956.59 45,906,956.59 45,906,956.59 2002 11.25 0.00 45,906,945.59 capitalised every year until maturity. The Bonds will be 11.25 percent Fixed Rate to percent repaid at maturity in December 2026. Bonds due 2026. Increased to 2004 $45,906,956.59 W.A.S.A. (V.S.E.P.)

Loan raised on September 30, 2002 by issue of (33) GOTT $300Mn. 2002002 300,000,000.00 300,000,000.00 300,000,000.00 September 6.75 120,000,000.00 180,000,000.00 Repayable by ten (10) equal half-yearly instalments 6.75 percent Fixed Rate 30th percent which commenced on March 30, 2018 to September Bonds 2002 - 2022 2002 30, 2022. Issued on September 30, 2002

(34) GOTT $500Mn. 2002004 500,000,000.00 500,000,000.00 500,000,000.00 September 7.15 200,000,000.00 300,000,000.00 Loan raised on September 30, 2002 Repayable by ten 7.15 percent Fixed Rate 30th percent (10) equal half yearly instalments which commenced on Bonds 2002 - 2022 2002 March 30, 2018 to 2022. Issued on September 30, 2002

(35) GOTT $300Mn. 2004012 300,000,000.00 300,000,000.00 300,000,000.00 August 6.15 300,000,000.00 0.00 Loan raised on August 3, 2004 by issue of Fixed Rate 6.15 percent Fixed Rate Bonds 3rd percent Bonds due 2019 2019 - CBTT 2004

(36) GOTT $300Mn. 2004013 300,000,000.00 300,000,000.00 300,000,000.00 September 6.10 300,000,000.00 0.00 Loan raised on September 22, 2004 by issue of Fixed 6.10 percent Fixed Rate 22nd percent Rate Bonds due 2019. Bonds 2019 2004

Carried Forward: 4,288,773,729.99

49 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

(37) GOTT $1.5Bn. 7.75 percent 20099092 1,500,000,000.00 1,500,000,000.00 1,500,000,000.00 April 7.75 0.00 1,500,000,000.00 Loan raised on April 23, 2009 by issue of Fixed Rate Fixed Rate Bonds due 2024 23rd percent Bonds due 2024 Issued April 23, 2009 2009

(38) GOTT $880Mn. 20099029 880,000,000.00 880,000,000.00 880,000,000.00 June Series 1 280,000,000.00 600,000,000.00 Loan raised on June 30, 2009. Series 1, a seven year issued June 30, 2009 30th 6.20 percent Bond of Face Value $280Mn with a maturity date of Series 1: $280Mn. 2009 Series 2 June 30, 2016. Series 2, an eleven year Bond of Face 6.2 percent Fixed Rate Bond 6.40 percent Value $600Mn. With a maturity date of June 30, 2020. due June 30, 2016 Series 2: $600Mn. 6.4 percent Fixed Rate Bond due June 30, 2020

(39) Bond Issued TT$510,000,000 on 2009034 510,000,000.00 369,163,000.00 369,163,000.00 July Bond A 90,983,600.00 278,179,400.00 Issuance of Bonds to Colonial Life Insurance Company July 01, 2009 01st 8.5 percent Limited (Trinidad) to fund the cost of purchase of Bond A - Up to 180Mn 8.5 2009 Bond B immediate and defferred annuities for eligible former percent due 2034 8.5 percent daily-paid employees of Caroni (1975) Limited Bond B - Up to 330Mn 8.5 Bond A - up to $180Mn. Term - 25 years. percent due 2034 Bond A - Tranche 1 - 141,310,000.00 Tranche 2 - 394,000.00 '141,704,000.00 Bond B - up to $330Mn..Term - 25 years. Bond B - Tranche 1 - 227,332,000.00 Tranche 2 - 127,000.00

(40) GOTT $3,398.8Mn 2010022 3,099,800,000.00 3,099,971,000.00 3,099,971,000.00 February Series 1 0.00 3,099,971,000.00 Loan raised on February 4, 2010 by issue of Fixed Rate Fixed Rate Bonds 2031 issued 2010023 4th 6.60 percent Bonds. February 4, 2010 2010024 2010 Series 2 Series 1 - repayable in February 2027. 6.70 percent Series 2 repayable in February 2029. Series 3 Series 3 repayable in February 2031 6.80 percent

(41) GOTT $600Mn 20109018 600,000,000.00 600,000,000.00 600,000,000.00 February 6.50 0.00 600,000,000.00 Loan raised on February 4, 2010 by issue of Fixed Rate Fixed Rate Bond 2025 9th percent Bonds due 2025. Issued February 9, 2010 2010

(42) GOTT $794Mn 20109102 794,000,000.00 794,000,000.00 794,000,000.00 April 5.95 0.00 794,000,000.00 Loan raised on April 20, 2010 by issue of Fixed Rate Fixed Rate Bond 2023 20th percent Bonds due 2023 Issued on April 30, 2010 2010

(43) GOTT $401,655,857.90 2011010 669,375,849.32 669,375,849.32 669,375,849.32 2011 6.10 0.00 669,375,849.32 Loan raised on March 28, 2011. Interest to be Fixed Rate Zero Coupon to percent capitalised every year until maturity. The Bonds will be Bond 2011-2031. Increased to 2031 $669,375,849.32

(44) GOTT $1.5Bn. 20119154 1,500,000,000.00 1,500,000,000.00 1,500,000,000.00 November 6.00 0.00 1,500,000,000.00 Issuance of Bonds to finance Government's payout to Fixed Rate Bonds due 2031 22nd percent CLICO policy holders, Bonds repayable in 2031. Issued November 22, 2011 2011

(45) GOTT $2.5Bn. 20129145 2,500,000,000.00 2,500,000,000.00 2,500,000,000.00 September 5.20 0.00 2,500,000,000.00 Loan raised on September 27, 2012 by issue of Fixed Fixed Rate Bonds due 2027 27th percent Rate Bonds 2027 by the Central Bank of Trinidad and Issued 2012 2012 Tobago

(46) GOTT $1.5Bn. 15 year Fixed Rate 2013040 1,500,000,000.00 1,500,000,000.00 1,500,000,000.00 September 4.00 450,000,000.00 1,050,000,000.00 Loan raised on September 27, 2013 by issue of Fixed Bond due 2028 27th percent Rate Bonds due September 27, 2028 Issued September 27, 2013 2013

Carried Forward 16,880,299,979.31

50 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Loans raised on October 31, 2012 by issue of Fixed (47) GOTT $5.1Bn. Fixed Rate Bonds 2012007 5,100,000,000.00 5,100,000,000.00 5,100,000,000.00 October Series 1 0.00 5,100,000,000.00 Rate Bonds, Series 1-$4,397.133Mn 2012006 31st 4.2 percent Series 1 due October 31, 2032 due 2032 2012 Series 2 Series 2 due October 31, 2037 Series 2- $702.867 Mn 4.25 percent due 2037

(48) Digital Public Safety Communication 2012022 TTD29,896,939.20 TTD 29,896,939.20 29,896,939.20 November 3.75 TTD 0.00 TTD 0.00 Loan granted to the Government of Trinidad and Systems USD - 4,647,000.00 USD 4,647,000.00 USD 4,647,000.00 9th percent USD 0.00 USD 0.00 Tobago for the supply and delivery of a Digital Public 2012

(49) GOTT $2.5Bn. 12 Year 20149009 2,500,000,000.00 1,451,841,000.00 1,451,841,000.00 Sept 2.80 0.00 1,451,841,000.00 Loan raised on September 23, 2014 by issue of a 12 Fixed Rate Bond Due 2026 23rd percent Year Fixed Rate Bond due Sept. 23, 2026. Issued Sept. 23, 2014 2014

(50) GOTT $1.5Bn. Fixed Rate Bond 20149032 1,500,000,000.00 1,500,000,000.00 1,500,000,000.00 Dec 23, 2.30 545,833,333.33 687,500,000.00 Bond issued for the purpose of financing 2015 budget. Tranche 1: 1Bn. Issued Dec 23, 2014 (266,666,666.67) 2014 percent The CLICO portion of $266.67 Mn has been transferred due 2026 1,233,333,333.33 and Tranche 2: 500Mn. Issued March 5, Mar 5, 2015 2015 due 2027

(51) GOTT US$31,325,550.00 2015036 TT$198,322,057.06 TT$198,322,057.06 TT$198,322,057.06 Sept 3.10 percent TTD 64,959,672.77 TTD 146,538,513.03 Bond issued to assist with the acquisition of naval Fixed Rate Bond (US$31,325,550.) (US$31,325,550.) (US$31,325,550.) 4th USD 9,638,630.80 USD 21,686,919.20 assets for the Trinidad and Tobago Coast Guard. 2015 - 2028 2015

(52) GOTT $1,000Mn. 2015040 1,000,000,00.00 1,000,000,000.00 1,000,000,000.00 Sept Floating Rate 400,000,000.00 600,000,000.00 Bond issued to assist with the financing of the 2015 Floating Rate 25th budget, with final payment due 2025. Short Term Bond 2015 2015 - 2025

(53 GOTT $1.5Bn. 2015020 1,500,000,000.00 1,500,000,000.00 1,500,000,000.00 Tr. A Floating Rate 1,050,000,000.00 450,000,000.00 Bond issued to assist with the financing of the 2016 Floating Rate Bond Nov 2015 budget, with final payment due 2020. 2015 - 2020 Tr .B Dec 2015

(54) GOTT TT$1Bn. 20169003 1,000,000,000.00 1,162,913,000.00 1,162,913,000.00 May 16th 4.50 0.00 1,162,913,000.00 Bond issued to assist with the financing of the 2016 Fixed Rate Bond 2016 percent budget with final payment due on maturity 2028. 2016 - 2028

(55) GOTT $1,000 Mn (Upsized) 20169012 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 2016 3.80 0.00 1,000,000,000.00 Loan raised on December 19, 2016 by issue of Fixed Fixed Rate Bond 2016-2022 percent Rate Bonds due 2022.

(56) GOTT $1,000 Mn 4.10% 20179001 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 June 4.10 percent 0.00 1,000,000,000.00 Loan raised on February 14 2017 by issue of Fixed Fixed Rate Bond 2017-2025 2017 Rate Bonds due 2025.

(57) GOTT $1,000 Mn 20179006 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 June 4.25 percent 133,333,333.32 866,666,666.68 Loan raised on June 02 2017 by issue of GORTT Fixed Fixed Rate Bond 2017-2032 2017 Rate Bonds with final payment due 2032.

(58) GOTT $1000 Mn Fixed 20179009 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 June 3.85 percent 166,666,666.68 833,333,333.32 Bond issued for the purpose of assisting fiscal year Rate Bond due 2017-2029 2017 2017 Budget with final payment due 2029.

(59) GOTT $1,500 Mn 5 Yr 20179011 1,500,000,000.00 1,500,000,000.00 1,500,000,000.00 2017 4.15 percent 0.00 1,500,000,000.00 Loan agreement dated September 15, 2017 by issue of Fixed Rate Bond due 2017-2022 Fixed Rate Bonds due 2022.

(60) GOTT $2Bn. 2016008 2,000,000,000.00 2,000,000,000.00 2,000,000,000.00 June 29th 4.50 percent 428,571,428.58 1,571,428,571.42 Bond issued to facilitate outstanding obligations in Fixed Rate Bond 2016 relation to 2016 Budget with final payment due 2030. 2016 - 2030

Carried Forward TTD 33,250,521,063.76

51 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

GOTT Bond issued to facilitate obligations in relation to (61) GOTT $1Bn 20179013 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 Oct 27th Floating Rate 0.00 1,000,000,000.00 the 2018 Budget with final payment due 2030. Floating Rate Bond due 2030 2017

Bond issued to facilitate the obligations in relation to the (62) GOTT $1Bn 20179017 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 Nov 28th 4.65 per cent 0.00 1,000,000,000.00 2018 Budget with final payment due 2031. Rate Bond 14Yrs due 2031 2017

(63) US$100 Mn 3 yr Fixed Rate Bond 20179019 TTD 675,040,000.00 TTD 675,040,000.00 TTD 675,040,000.00 Dec 14th 3.10 per cent 0.00 TTD 675,700,000.00 Bond issued to facilitate the repayment of GOTT JPY due 2020 USD 100,000,000.00 USD 100,000,000.00 USD 100,000,000.00 2017 USD 100,000,000.00 11BN 3.75% notes in relation to a "Put Option" on the notes.The entire stock notes were subsequently sold

Bond issued to repay an existing GOTT Bond which (64) GOTT$1.2Bn 20189003 1,200,000,000.00 1,200,000,000.00 1,200,000,000.00 Mar 26th 4.15 percent 0.00 1,200,000,000.00 matured on July Fixed Rate Bond 2025/2033 2018 5.15 percent Tranche A $500 MN due 2025 and Tranche B$400 MN due 2033

(65) GOTT $500 Mn 20189009 500,000,000.00 500,000,000.00 500,000,000.00 Jun 13th 2.75 percent 0.00 500,000,000.00 GOTT Bond issued for the purpose of financing the 3 Yr Fixed Rate Bond due 2021 2018 2018 Budget due on maturity in 2021.

(66) GOTT $250 Mn 20189007 250,000,000.00 250,000,000.00 250,000,000.00 Jun 22nd 4.6 percent 0.00 250,000,000.00 Bond issued for refinancing an existing GOTT Bond 12 Yr Fixed Rate Bond 2018-2030 2018 which matured on June 24, 2018. Bond matures in

(67) GOTT $200 Mn 20189012 200,000,000.00 200,000,000.00 200,000,000.00 Sept 28th 4.75 percent 11 Yr Fixed Rate Bond 2018-2029 2018 0.00 200,000,000.00 Bond issued for the purpose of refinancing an existing GOTT Bond. Bond matures in 2029

(68) GOTT $250 Mn 20189011 250,000,000.00 250,000,000.00 250,000,000.00 Sept 28th 4.75 percent 0.00 250,000,000.00 Bond issued to facilitate budget financing for the fiscal 11 Yr Fixed Rate Bond due 2029 2018 year 2018 Budget.

(69) GOTT $640Mn 20189013 640,000,000.00 640,000,000.00 640,000,000.00 Nov 07 5.45 percent 0.00 640,000,000.00 Bond issued for the purpose of refinancing an existing 15 Yr Fixed Rate Bond due 2033 2018 Bond. Bond maturures in 2033.

GOTT Bond issued to finance the 2019 budget. Bond (70) GOTT $500Mn 20189014 500,000,000.00 500,000,000.00 500,000,000.00 Nov 26 3.40 percent 0.00 500,000,000.00 matures in 2021. Fixed Rate Bond due 2021 2018

(71) GOTT TT$1.2Bn 20189015 1,200,000,000.00 1,200,000,000.00 1,200,000,000.00 Nov 30 3.05 percent 0.00 1,200,000,000.00 Bond issued to finance the Exit Cost associated with Fixed Rate Bond due 2019 2018 PETROTRIN. Bond matures in November 2019

(72) GORTT TT$500Mn 20199002 500,000,000.00 500,000,000.00 500,000,000.00 Feb 25 3.70 percent 0.00 500,000,000.00 GOTT Bond issued to finance the Fiscal Year 2019 Fixed Rate Bond due 2023 2019 Budget. Bond matures in 2023

(73) GOTT US$21Mn 20199003 TT$142,182,600.00 TT$142,182,600.00 TT$142,182,600.00 March 22 5.00 percent 0.00 TTD 141,897,000.00 GOTT Bond issued to finance the design, construction Fixed Rate Bond due 2025 US$21,000,000.00 US$21,000,000.00 US$21,000,000.00 2019 US$21,000,000.00 and delivery of two 58m Cape Class Patrol Boats for the TT Defence Force (Coast Guard)

(74) GOTT $800Mn 20199004 800,000,000.00 800,000,000.00 800,000,000.00 April 29 4.90 percent 0.00 800,000,000.00 GOTT Bond issued to finance the Fiscal Year 2019 Fixed Rate Bond due 2029 2019 Budget. Bonds mature in 2029

(75) GOTT TT$1700Mn 20199006 1,700,000,000.00 1,700,000,000.00 1,700,000,000.00 May 02 3.05 percent 0.00 1,700,000,000.00 GOTT Bond issued for the purpose of financing of the Fixed Rate Bond due 2020 2019 Fiscal Year 2019 Budget '(Tr A 1000Mn / Tr B 700Mn)

(76) GOTT US$36Mn 20199009 TT$242,744,400.00 TT$242,744.400.00 TT$242,744.400.00 June 27 4.65 percent 0.00 TTD 243,252,000.00 GOTT Bond issued for the partial funding of the Fixed Rate Bond due 2025 US$36,000,000.00 US$36,000,000.00 US$36,000,000.002019 US$36,000,000.00 Purchase fo two 58m Cape Class Patrol Boats for the

(77) GOTT $300Mn Fixed Rate Bond due 2032 20199008 300,000,000.00 300,000,000.00 300,000,000.00 August 21 5.05 percent 0.00 300,000,000.00 GOTT Bond issued to repay and existing GOTT Bond. 2019 Bonds matures in 2032

Carried Forward: 44,351,370,063.76

52 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

(78) GOTT TT$300Mn 20199010 300,000,000.00 300,000,000.00 300,000,000.00 Sep 20 3.99 percent 0.00 300,000,000.00 GOTT Bond issued to repay of the existing Bond. Bond Fixed Rate Bond due 2025 2019 matures in 2025.

Sterilized non- interest bearing loans held at the Central Bank of Trinidad and Tobago

(79) GOTT $640Mn. 2003028 640,000,000.00 640,000,000.00 640,000,000.00 November 6.20 percent 640,000,000.00 0.00 These funds were held in a sterilized non-interest Fixed Rate Bonds 2018 6th bearing account at the Central Bank of Trinidad and Issued November 6, 2003 2003 Tobago. By Ministry of finance letter dd February 18,

Bonds issued under the authority of the Treasury Bond Act, 2008 Chapter 71:43

(80) GOTT $1Bn. 20139007 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 May 2.60 percent 0.00 850,000,000.00 These funds are held in a sterilized non-interest bearing Fixed Rate Bonds due 2020 (150,000,000.00) 21st account at the Central Bank of Trinidad and Tobago. Issued May 21, 2013 850,000,000.00 2013 On July 26, 2018 the Clico portion of the bond $150Mn

(81) GOTT $1Bn. 20139009 1,000,000,000.00 1,000,000,000.00 559,271,000.00 August 2.50 percent 0.00 459,271,000.00 These funds are held in a sterilized non-interest bearing Fixed Rate Bonds due 2023 (100,000,000.00) 6th account at the Central Bank of Trinidad and Tobago. On Issued August 06, 2013. 459,271,000.00 2013 July 26, 2018 the CLICO portion of the $100Mn has

Bond raised to assist in domestic liquidity management (82) GOTT $1Bn.. 20149005 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00 June 2.20 percent 0.00 1,000,000,000.00 through the sterilization of the bond proceeds at the Fixed Rate Bonds due june 27, 2021 27th Central Bank of Trinidad and Tobago. Issued June 27, 2014 2014

Bonds isse under Purchase of Certain Rights and Validation Act No. 17 of 2011

(83) GOTT $10.4 Bn 2012033 10,700,000,000.00 9,370,956,000.00 9,370,956,000.00 December 0 per cent 3,312,396,000.00 2,389,043,000.00 Bonds issued to Purchase Rights of Clico and BAT Zero Coupon Bonds 1st policyholders with principal balances above 75k Bonds 2011 issued total $9,370,956,000.00; a face value of units, Leaving a balance of $3,807,449,000.00;

(84) GOTT $400Mn. 2014047 400,000,000.00 345,810,000.00 345,810,000.00 Jan 0 percent 92,352,000.00 253,458,000.00 Bond issued to Purchase Rights of Hindu Credit Union Zero Coupon Bonds 2nd shareholders and depositors with balances in excess of 2015

TOTAL 49,603,142,063.76

53 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

F O R E I G N C U R R E N C Y T R A N S A C T I O N S TT CURRENCY LEGAL AUTHORITY AMOUNT PRESENT DEBT AT REMARKS CS-DRMS AMOUNT AMOUNT RATE OF AMOUNT YEAR REPAID TO CURRENT RATE OF NO. AUTHORISED REALISED INTEREST OUTSTANDING DATE EXCHANGE Brought Forward: 49,603,142,063.76

B-EXTERNAL LOANS

Loans Raised under Chapter 71:03 of the Revised Laws of the Republic of Trinidad and Tobago

(85) 3 percent Independence 1966001 Unlimited US US US Development Loans 8,850,000.00 1963 3 percent 8,586,000.00 264,000.00 1,783,848.00 Repayable at the end of twenty (20) years after date of issue. to Outstanding Balance to be redeemed is US$264,000.00. TT Equiv. 1969 TT Equiv. 15,851,428.57 55,171,060.20

Loans Raised under Chapter 71:05 of the Revised Laws of the Republic of Trinidad and Tobago

(86) Yen 11 Billion 3.75 percent 2000016 YEN YEN YEN YEN Notes due 2030 11,000,000,000.00 11,000,000,000 2000 3.75 0.00 11,000,000,000.00 710,600,000.00 Loan Agreement dated June 27, 2000. Notes will be redeemed at percent their Principal amount on June 27, 2030. A Sinking Fund has been TT Equiv. established for the redemption of the loan. 652,300,000.00

(87) US$250 Million 2000401 US US US US 9.75 percent Notes due 2020 250,000,000.00 250,000,000.00 2000 9.75 0.00 250,000,000.00 1,689,250,000.00 Loan Agreement dated June 27, 2000. Notes will be redeemed at Percent their Principal amount on July 01, 2020. A Sinking Fund has been TT Equiv. established for the redemption of the loan. 1,569,150,000.00

(88) Republic of Trinidad & Tobago 2007400 US US US US US$150Mn. 5.875 percent 150,000,000.00 150,000,000.00 2007 5.875 0.00 150,000,000.00 1,013,550,000.00 Loan Agreement dated May 17, 2007 to refinance Republic of Fixed Rate Notes due 2027 percent Trinidad and Tobago US$150Mn. 8 percent Fixed Rate Notes due TT Equiv. 2006. Repayable on Maturity May 17, 2027. 944,615,376.00

US US US US (89) Republic of Trinidad & Tobago 2013029 550,000,000.00 550,000,000.00 4.375 0.00 550,000,000.00 3,716,350,000.00 Loan Agreement dated December 17, 2013. Repayable in US$550 Mn. 2013 percent twenty(20) semi-annually installments commencing January 16, 4.375 percent Notes due 2024 TT Equiv. TT Equiv. 2014 and ending January 16, 2024

3,530,120,000.00 0.00

Carried Forward: 56,734,675,911.76

54 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Brought Forward: 56,734,675,911.76

B-EXTERNAL LOANS (Cont'd) US US US US (90) US$1,000 Million 2016010 1,000,000,000.00 1,000,000,000.00 4.5 0.00 1,000,000,000.00 6,757,000,000.00 Loan Agreement dated July 28, 2016. Repayable in twenty (20) 4.5 percent Notes due 2026 2016 percent semi - annually installments commencing February 04, 2017 and TT Equiv. TT Equiv. ending August 04, 2026 6,706,692,544.23 0.00

(91) European Economic Community 1979002 EUR EUR EUR EUR Trade Promotion Programme 700,000.00 4,730.69 1985 1 3,926.94 803.75 6,348.66 Loan Agreement dated April 12, 1984. Repayable in sixty(60) EIB Loan No. 80152 percent semi- annual instalments which commenced September 01, TT Equiv. TT Equiv. 1994 and final instalment due on March 01, 2024. 8,202.31 34,110.29

(92) European Economic Community 1984002 EUR EUR 1 EUR EUR (EEC) Lambeau Hill/Signal 600,000.00 464,515.59 1988 percent 377,047.32 87,468.27 690,894.37 Hill Water Supply Project Loan Agreement dated April 13, 1984. Repayable in sixty (60) semi- TT Equiv. TT Equiv. annual instalments which commenced on October 01, 1994 with 3,108,077.78 3,274,737.31 final instalment due on April 01, 2024.

(93) EEC Loan No. 80323 1990006 EUR EUR EUR EUR St. Patrick Water Supply 6,268,665.00 5,737,500.70 2001 1 3,431,599.14 2,305,901.56 18,213,855.24 Loan Agreement dated November 30, 1990. Repayable in percent semi-annual instalments commencing September 01, 2001 with TT Equiv. TT Equiv. final instalment due on September 01, 2030. 32,219,508.93 29,595,813.36

(94) European Development Fund 1988003 EUR EUR EUR EUR (EDF) National Indicative 570,000.00 177,087.71 1979 1 121,411.04 55,676.67 439,778.88 Loan Agreement dated January 11, 1979. Repayable in sixty (60) Programme Loan Fund percent semi-annual instalments which commenced July 15, 1998 with final St. Patrick Fisheries TT Equiv. TT Equiv. instalment due on January 15, 2028. EIB Loan No. 80025 887,601.55 1,048,964.75

Carried Forward: 63,511,026,788.91

55 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Brought Forward: 63,511,026,788.91 B-EXTERNAL LOANS (Cont'd)

(95) Caribbean Development Bank 1995002 US US Portion US US Loan Agreement dated June 15, 1995 and amended on March 08, Loan # 08/OR-TT 34,937,000.00 34,552,390.13 1998 Variable 33,497,599.76 1,054,790.37 7,127,218.53 1999. Repayment in equal quarterly instalments with final payment Southern Roads Development to on first tranche due on April 01, 2018, second tranche due on Programme TT Equiv. 2005 TT Equiv. October 01, 2020 and additional amount due on January 01, 2020. 215,036,017.49 217,352,566.45

TT$ portion TT Amt. 6,311,116.65 0.00

Equiv. to US$ 1,017,540.52

(96) Caribbean Development Bank 2014040 US US US US Loan # 22/OR-TTR II 40,000,000.00 40,000,000.00 Variable 10,412,162.16 29,587,837.84 199,925,020.28 Loan Agreement contract dated December 31, 2014 Repayment in Energy Sector Support 2014 forty (40) equal or Approx. , commencing on January 1, 2017 with Policy-Based Loan TT Equiv TT Equiv. final instalment due on June 1, 2027. 258,762,000.00 70,531,927.01

(97) RMB 812 Million Yuan 2006001 RMB YUAN RMB YUAN RMB YUAN RMB YUAN National Academies for 812,000,000.00 812,000,000.00 2007 2 445,459,170.21 366,709,677.37 346,613,987.05 Loan Agreement dated May 12, 2006. Repayment in thirty-one (31) Performing Arts Project to percent semi-annual instalments which commenced September 2011 with TT Equiv. 2010 TT Equiv. final instalment due on September 2026. 620,612,857.79 453,312,029.65

(98) RMB 207 Million Yuan 2011008 RMB YUAN RMB YUAN RMB YUAN RMB YUAN National Academies for 207,000,000.00 207,000,000.00 2011 2 40,107,559.74 166,935,483.90 157,787,419.38 Loan Agreement dated May 20, 2011 Repayment in thirty-one (31) Performing Arts Project to percent semi-annual instalments commencing March 2016 with final TT Equiv. 2016 TT Equiv. instalment due on September 2031. 208,439,125.34 40,280,595.95

(99) Six Fast Patrol Craft 2008002 US US US US Export Finance Loan Facility 52,832,465.71 52,832,465.71 2010 Fixed 52,832,465.70 0.01 0.07 Loan Agreement dated April 18, 2008. Repayment commenced Equivalent to AUD 58,313,000 Equiv. to 3.93% October18, 2010 with final instalment due on October 18, 2018. AUD TT Equiv. plus margin TT Equiv. 58,313,000.00 332,692,532.60 0.65 percent 344,959,329.10 per annum Carried Forward: 64,222,480,434.22

56 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Brought Forward: 64,222,480,434.22

B-EXTERNAL LOANS (Cont'd) (100) US$ 79,726,593.75 2001002 US US US US Supply of Four Helicopters 79,726,593.75 79,726,593.76 2010 Libor 59,746,508.80 19,980,084.96 135,005,434.07 Principal repayment in four (4) tranches consisting twenty equal Export Credit Facility plus margin instalments, commencing December 15, 2011 and ending June 15, TT Equiv. 1.45% TT Equiv. 2022. 513,399,400.52 per annum 393,151,270.30

(101) Digital Public Safety 2012024 US US Floating Rate US US Communications System for the 26,832,601.00 24,352,768.69 2012 USD TT equiv. 10,958,733.13 13,394,035.56 90,503,498.28 Loan Agreement dated November 09, 2012. Payable in ten (10) Trinidad and Tobago Police and libor plus semi-annual Instalments commencing on April 30, 2013 with final Fire Services TT Equiv. Margin 2.42% TT Equiv. payment due December 25, 2024. 156,928,933.67 per annum 73,303,732.42

(102) Euro 33,766,537 - Export Credit 2013021 EUR EUR FloatingRate EUR EUR Facility - UWI South Campus 33,766,537.00 33,766,537.00 2013 (OeKB 18,571,595.02 15,194,941.98 120,021,807.71 Loan Agreement dated March 11, 2013. Payable in 20 equal semi- Chancery Lane Teaching EURIBOR annual instalments which commenced September 30, 2014 and Hospital TT Equiv. plus margin) TT Equiv. ending March 30. 2024. 302,024,578.25 147,375,061.12

(103) Loan Agreement Between 2017009 US US US US Loan Agreement dated July 21, 2017. Payable in semi-annual Corporacion Andina De Fomento 300,000,000.00 300,000,000.00 2017 Aggregate of 11,111,111.11 288,888,888.89 1,952,022,222.23 payments, commencing July 2019 and ending July 2032 and The Republic of Trinidad Libor Rate and Tobago (300MN) TT Equiv. plus margin TT Equiv 2,029,590,000.00 1.9 percent 75,051,111.10 per annum

(104) Government Concessional Loan 2017018 RMB YUAN RMB YUAN RMB YUAN RMB YUAN on acquisition of one Multipurpose 148,428,000.00 148,428,000.00 2018 2 Percent 0.00 148,428,000.00 140,294,145.60 Concessional loan agreement dd. October 27,2017 repayable in Patrol Vessel Project semi-annual payments commencing October 2022 and ending TT Equiv TT Equiv. March 2038 153,430,023.60 0.00

Carried Forward: 66,660,327,542.11

57 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Brought Forward: 66,660,327,542.11 B-EXTERNAL LOANS (Cont'd)

(105) Loan Agreement Between 2018006 US US Aggregate of US US Corporacion Andina De Fomento 180,000,000.00 180,000,000.00 2018 Libor Rate 0.00 180,000,000.00 1,216,260,000.00 Loan Agreement dated April 23, 2018 , repayable in and The Republic of Trinidad plus margin twenty-seven (27) semi-annual instalments commencing on and Tobago (180MN) TT Equiv. 1.9 percent TT Equiv. April 23, 2020 and ending on April 23, 2033 1,216,296,000.00 per annum 0.00

(106) Loan Agreement Between 2018007 US US Aggregate of US US Loan Agreement dated August 21, 2018 . Repayable in Corporacion Andina De Fomento 120,000,000.00 120,000,000.00 2018 Libor Rate 0.00 120,000,000.00 810,840,000.00 twenty-seven (27) semi-annual instalments commencing on and The Republic of Trinidad plus margin August 31, 2020 and ending on August 31, 2033 and Tobago (120MN) TT Equiv. 1.9 percent TT Equiv. 809,820,000.00 per annum 0.00

(107) Pt. Fortin Hospital EUR 81.3 Mn 2018008 EUR EUR EUR EUR Export Credit Facility 81,935,922.40 31,378,025.24 2018 Variable 4,069,796.12 27,308,229.12 215,702,240.17 Loan Agreement dated June 20, 2018. Repayable in twenty (20) Rate semi-annual instalments, commencing September 30, 2019 and TT Equiv. TT Equiv. ending March 31, 2029 246,854,062.37 32,317,437.03

(108) Loan Agreement Between 2019016 US US US US Corporacion Andina De Fomento 200,000,000.00 100,000,000.00 2019 Aggregate of 0.00 100,000,000.00 675,700,000.00 Loan Agreement dated August 13, 2019 . Repayable in twenty and The Republic of Trinidad TT Equiv. Libor Rate (20) semi-annual instalments commencing August 2024 and and Tobago (200MN) 674,290,000.00 plus margin TT Equiv. ending August 2039 1.85 percent 0.00 per annum

Loans Raised under Chapter 71:07 of the Revised Laws of the Republic of Trinidad and Tobago

(109) Inter-American Development 1987001 US US US US Bank Loan #796/SF-TT 6,900,000.00 6,807,839.47 1988 2 6,178,130.90 629,708.57 4,254,940.81 Loan Agreement dated March 26, 1987. Repayment in semi-annual Primary Education Programme percent instalments which commenced March 24, 1995 with final instalment TT Equiv. TT Equiv. due on March 24, 2022. 32,718,385.66 40,000,693.16

(110) Inter-American Development 1988001 US US US US Bank Loan #819/SF-TT 1,950,000.00 1,950,000.00 1989 2 1,624,999.95 325,000.05 2,196,025.34 Loan Agreement dated December 05, 1988. Repayment in semi- Global Agricultural to percent annual instalments which commenced May 24, 1997 with final Credit Programme TT Equiv. 1996 TT Equiv. instalment due on November 24, 2023. 9,832,247.00 10,522,705.23

Carried Forward: 69,585,280,748.43

58 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Brought Forward: 69,585,280,748.43

B-EXTERNAL LOANS (Cont'd)

(111) Inter-American Development 1991001 US US US US Bank Loan #857/SF-TT 4,000,000.00 3,384,677.04 1994 2 2,442,135.96 942,541.08 6,368,750.08 Loan Agreement dated October 30, 1991. Repayment in semi- Environmental Protection to percent annual instalments which commenced September 30, 2000 with final and Rehabilitation TT Equiv. 2000 TT Equiv. instalment due on October 30, 2026. The sum of US$615,322.96 Programme 20,629,200.66 15,819,014.90 has been cancelled.

(112) Inter-American Development 1996004 US US US US Bank Loan #872/OC-TT 28,000,000.00 23,946,194.64 1997 Variable 21,938,541.66 2,007,652.98 13,565,711.19 Loan Agreement dated March 27, 1997. Repayment in semi-annual Community Development Fund to USD Libor instalments which commenced September 27, 2003 with final Programme TT Equiv. 2004 Plus spread TT Equiv. instalment due on March 27, 2021.The sum of US$4,053,805.36 has 150,280,350.93 with effect from 142,617,695.23 been cancelled. August 1, 2009

(113) Inter-American Development 1996001 US US US US Bank Loan #937/OC-TT 134,000,000.00 134,000,000.00 1998 Variable 117,359,929.94 16,640,070.06 112,436,953.40 Loan Agreement dated July 12, 1996.Repayment in semi-annual Health Reform Programme to USD Libor instalments which commenced on January 12, 2004 with final TT Equiv. 2010 Plus spread TT Equiv. instalment due on July 12, 2021. 861,043,800.00 with effect from 763,900,281.38 August 1, 2009

(114) Inter-American Development 1999001 US US US US Bank Loan #1180/OC-TT 105,000,000.00 105,000,000.00 2000 Variable 71,708,052.67 33,291,947.33 224,953,688.11 Loan Agreement dated July 06, 1999. Repayment in semi-annual Secondary Education to USD Libor instalments which commenced on January 06, 2007 with final Modernization Programme TT Equiv. 2010 Plus spread TT Equiv. instalment due on July 06, 2024. 674,698,500.00 with effect from 468,175,838.55 August 1, 2009

US US US US (115) Inter-American Development 2002001 32,000,000.00 31,398,171.86 2003 Variable 18,332,962.27 13,065,209.59 88,281,621.20 Loan Agreement dated June 21, 2002. Repayment in semi-annual Bank Loan #1402/OC-TT to USD Libor instalments which commenced June 15, 2006 with final instalment National Settlement TT Equiv. 2010 Plus spread TT Equiv. due on June 15, 2027. Programme Second Stage 198,378,255.54 with effect from 119,676,614.42 August 1, 2009

Carried Forward: 70,030,887,472.41

59 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Brought Forward: 70,030,887,472.41

B-EXTERNAL LOANS (Cont'd)

(116) Inter-American Development 2003004 US US US US Bank Loan # 1454/OC-TT 5,000,000.00 3,831,884.91 2004 Variable 2,708,385.88 1,123,499.03 7,591,482.95 Loan Agreement dated May 21, 2003. Repayment in semi-annual Trade Sector Support to USD Libor instalments which commenced May 21, 2008 with final instalment Programme TT Equiv. 2010 Plus spread TT Equiv. due on May 21, 2023. 25,423,193.55 with effect from 17,711,952.67 August 1, 2009

(117) Inter-American Deve;opment US US US US Bank Loan #1523/OC-TT 2004002 5,000,000.00 4,432,822.48 2004 Variable 3,004,986.35 1,427,836.13 9,647,888.73 Loan Agreement dated March 17, 2004. Repayment in thirty- Public Sector Reform to USD Libor plus five(35) semi-annual instalments which commenced on March Initiation Programme TT Equiv. 2010 Variable Rate TT Equiv. 17, 2007 with final instalment due on March 17, 2024. The sum 28,931,689.30 19,684,241.87 of $ 567,178.00 has been cancelled.

(118) Inter-American Development 2007001 US US US US Bank Loan #1808/OC-TT 28,000,000.00 22,087,403.06 2010 Variable 5,969,044.84 16,118,358.22 108,911,746.49 Loan Agreement dated March 16, 2007. Repayment in semi- E-Government and Knowledge USD Libor annual instalments which commenced on March 16, 2013 and Brokering Programme TT Equiv. Plus spread TT Equiv. final instalment due on March 16, 2032. Project Preparation 148,880,941.23 with effect from 40,001,133.14 Facility Loan #1626/OC-TT paid off against this loan. The sum August 1, 2009 of $5,509,573.00 has been cancelled.

(119) Inter-American Development 2008001 US US US US Bank Loan #1965/OC-TT 24,500,000.00 19,105,651.75 2008 Variable 6,174,432.33 12,931,219.42 87,376,249.62 Loan Agreement dated April 05, 2008. Repayable in semi-annual Citizen Security Programme to USD Libor instalment commencing October 05, 2014 with final instalment due TT Equiv. 2010 Plus spread TT Equiv. on April 05, 2028. Project Preparation Facility Loan # 1680/OC-TT 123,622,722.14 with effect from 41,153,236.00 paid off against this Loan August 1, 2009

(120) Inter-American Development 2009001 US US US US Bank Loan #2138/OC-TT 48,750,000.00 30,243,656.83 2010 Variable 12,538,067.32 17,705,589.51 119,636,668.32 Loan Agreement dated August 17, 2009 Repayable in semi-annual Seamless Education System USD Libor instalments commencing February 17, 2014 with final instalment TT Equiv. Plus spread TT Equiv. due on August 17, 2029. The sum of $12,654,533.00 has been 194,798,798.56 83379476.35 has been cancelled.

Carried Forward: 70,364,051,508.52

60 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Brought Forward: 70,364,051,508.52

B-EXTERNAL LOANS (Cont'd)

(121) Inter-American Development 2011001 US US US US Bank Loan # 2469/OC-TT 40,000,000.00 34,685,399.68 Variable 4,925,830.71 29,759,568.97 201,085,407.53 Loan Contract dated February 08, 2011 Repayable in semi-annual Neighbourhood Upgrading USD Libor instalments commencing August 08, 2017 with final instalment due Programme TT Equiv. TT Equiv. on February 08, 2036. 230,248,879.74 33,385,684.46

(122) Inter American Development 2010001 US US US US Bank Loan # 2479/OC - TT 100,000,000.00 100,000,000.00 2010 Variable 23,333,333.31 76,666,666.69 518,036,666.82 Loan Agreement dated December 10, 2010 Repayable in semi- Public Capital Expenditure USD Libor annual instalments commencing June 10, 2016 with final instalment Management Programme TT Equiv. TT Equiv. due on December 10, 2030. 643,950,000.00 158,137,999.85

(123) Inter American Development 2011002 US US US US Bank Loan # 2598/OC - TT 45,000,000.00 45,000,000.00 2011 Variable 7,500,000.00 37,500,000.00 253,387,500.00 Loan Agreement dated November 30, 2011 Repayment in thirty-four Social Safety Net Reform USD Libor semi-annual instalments commencing May 30, 2017 with final Programme TT Equiv TT Equiv. instalment due on November 30, 2033 289,777,500.00 50,864,850.00

(124) Inter American Development 2011004 US US US US Bank Loan # 2600/OC - TT 50,000,000.00 33,482,312.94 2011 Variable 3,501,119.42 29,981,193.52 202,582,924.61 Loan Agreement dated November 30, 2011. Repayment in forty WASA Modernization and USD Libor semi-annual instalments commencing May 30, 2017 with final Waste water Infrastructure TT Equiv TT Equiv. instalment due on November 30, 2036. Rehabilitation Programme 0.00 23,755,402.33

(125) Inter American Development 2011005 US US US US Bank Loan # 2617/OC - TT 60,000,000.00 60,000,000.00 2011 Variable 10,000,000.00 50,000,000.00 337,850,000.00 Loan Agreement dated November 30, 2011. Repayment in thirty- Sustainable Energy Program USD Libor four semi-annual instalments commencing May 30, 2017 with final for Trinidad and Tobago TT Equiv TT Equiv. instalment due on November 30, 2033. 386,370,000.00 67,819,800.00

(126) Inter American Development 2011006 US US US US Bank Loan # 2657/OC - TT 50,000,000.00 50,000,000.00 2011 Variable 8,333,333.35 41,666,666.65 281,541,666.55 Loan Agreement dated December 13, 2011. Repayment in thirty Strengthening of the USD Libor semi-annual instalments commencing June 13, 2017 with final Financial Sector Supervisory TT Equiv TT Equiv. instalment due on December 13, 2031. and Regulatory Framework 321,975,000.00 56,585,666.79

Carried Forward: 72,158,535,674.03

61 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Brought Forward: 72,158,535,674.03 B-EXTERNAL LOANS (Cont'd)

(127) Inter American Development 2011007 US US US US Bank Loan # 2659/OC - TT 80,000,000.00 80,000,000.00 2011 Variable 13,333,333.35 66,666,666.65 450,466,666.55 Loan Agreement dated December 13, 2011. Repayment in thirty Program to Support the USD Libor semi-annual instalments commencing June 13, 2017 with final Climate Change Agenda I TT Equiv TT Equiv. instalment due on December13, 2031. (First Programmatic Operation) 515,160,000.00 90,537,066.79

(128) Inter-American Development 2013070 US US US US Bank Loan # 2890/OC - TT 246,500,000.00 152,722,496.01 2013 Variable 13,919,360.44 143,120,145.99 967,062,826.45 Loan Agreement dated January 19, 2013. Repayment in semi- Multi-Phase Waste Water USD Libor annual instalments commencing on July 15, 2018 with final Rehabilitation Programme TT Equiv TT Equiv. instalment due on January 14, 2038. (Phase I) 1,047,937,502.22 94,566,694.62

(129) Inter American Development 2014003 US US US US Bank Loan # 3022/OC - TT 20,000,000.00 6,060,862.02 Variable 280,160.07 5,780,701.95 39,060,203.08 Loan Agreement dated January 27, 2014. Repayment in semi- Strengthened Information 2014 USD Libor annual instalments commencing on July 15, 2019 with final Management At The TT Equiv TT Equiv. instalment due on January 15, 2039. Registrar's General Department 40,656,644.80 1904864.3.5

(130) Inter American Development 2014005 US US US US Bank Loan # 3112/OC - TT 18,000,000.00 3,322,409.16 Variable 105,286.48 3,217,122.68 21,738,097.95 Loan Agreement dated January 27, 2014. Repayment in semi- Global Services Promotion 2014 USD Libor annual instalments commencing on July 15, 2019 with final Programme TT Equiv TT Equiv. instalment due on January 15, 2039. 22,472,393.69 715,863.84

(131) Inter American Development 20169022 US US 2016 Variable US US Bank Loan # 3411/OC - TT 51,900,000.00 2,128,025.16 USD Libor 0.00 2,128,025.16 14,379,066.01 Loan Agreement dated May 19, 2016. Repayment in semi-annual Health Services Support instalments commencing on December 15, 2021 with final Program TT Equiv TT Equiv. instalment due on June 15, 2041. 14,446,960.94 0.00

Carried Forward: 73,651,242,534.07

62 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Brought Forward: 73,651,242,534.07

B-EXTERNAL LOANS (Cont'd)

(132) Inter American Development 2016027 US US 2016 Variable US US Bank Loan # 3473/OC - TT 40,000,000.00 3,920,585.03 USD Libor 0.00 3,920,585.03 26,491,393.05 Loan Agreement dated December 14, 2016. Repayment in Support to Strengthen semi-annual instalments commencing 15 June 2022 with final Trinidad and Tobago Public TT Equiv TT Equiv. instalment due on November 15, 2041 Financial Management System 26,429,982.92 0.00

(133) Inter American Development 2016028 US US 2016 Variable US US Bank Loan # 3575/OC - TT 25,000,000.00 5,149,504.75 USD Libor 0.00 5,149,504.75 34,795,203.60 Loan Agreement dated April 08, 2016. Repayment in semi-annual Strengthening of the instalments commencing on September 15, 2021 with final Single Electronic Window for TT Equiv TT Equiv. instalment due on September 15, 2041. Trade and Business Facilitation 34,924,025.43 0.00

TOTAL: 73,712,529,130.72

NOTES TO THE ACCOUNT

Disbursements to the following loans were not brought to account in the Books of the Treasury Division by the relevant Ministries over the period in which the disbursements were made.

NOTE (1) Construction of the Couva Hospital - RMB Yuan 990 Mn

The Concessional Loan for the Construction of the Couva Children's Hospital was granted in July 2013 for the sum of RMB Yuan 990,000.000.00 equivalent to TT$ 1,021,897,567.73 and was disbursed over the period July 2013 to June 2017. The loan has a tenor of 20yrs with a 5yr moratorium. Principal repayments commenced in September 2018

RMB Yuan TT $ Opening Balance - 958,064,516.13 ############# Amount Repaid to 2019 - 63,870,967.74 62,638,612.73 Balance Outstanding as at September 30, 2019 - 894,193,548.39 845,191,741.94 * TTD Balance restated using 1 RMB Yuan = 0.9452 TTD as at September 30, 2019

NOTE (2) Development of Six National Sporting Facilities - USD 85,000,000.00

This Loan agreement for the construction of the Six(6) National Sporting Facilities was signed in June 2013 for a duration of 15 yrs, with the Principal repayment payable after a grace period of 5yrs, commencing in July 2018. The proceeds of the loan was disbursed over the period August 2013 to June 2016.

USD TT $ Opening Balance - 80,952,381.00 546,946,666.99 Amount Repaid to 2019 - 8,095,238.00 54,861,023.17 Balance Outstanding as at September 30, 2019 - 72,857,143.00 492,295,715.25 * TTD Balance restated using 1 USD = 6.7570 TTD as at September 30, 2019

STATEMENT OF Loans

Serviced under head: 18

Ministry of finance

As at

September 30 2019

STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

AMOUNT VALUE OF LEGAL AUTHORITY AUTHORIZED BONDS OR AMOUNT REALIZED RATE OF AMOUNT REPAID PRESENT DEBT TO BE RAISED STOCK ISSUED INTEREST TO DATE

Loans Serviced under $ ¢ $ ¢ $ ¢ $ ¢ $ ¢ Head 18 - Ministry of Finance

Tourism Industrial Development Co. of Trinidad & Tobago Ltd

(1) FCB Fixed Rate Bond (2000-2020) 180,000,000.00 180,000,000.00 180,000,000.00 12.25% 166,500,000.00 13,500,000.00

(2) FCB Trust & Merchant Bank Limited 595,000,000.00 707,259,718.00 707,259,718.00 11.85% 450,074,366.00 257,185,352.00 Fixed Rate Bond (2002-2027)

National Maintenance Training and Security Co. Limited

(3) Unit Trust Fixed Rate Bond (2001-2021) 175,000,000.00 175,000,000.00 175,000,000.00 10.25% 148,076,922.61 26,923,077.39

(4) Unit Trust Fixed Rate Bond (2002-2021) 225,000,000.00 225,000,000.00 225,000,000.00 10.15% 196,153,846.16 28,846,153.84

(5) Citicorp Merchant Bank Ltd Fixed Rate Bond (2000-2020) 174,100,000.00 174,082,278.00 175,614,572.00 11.75% 166,681,402.34 8,933,169.66

Urban Development Corporation of Trinidad and Tobago Ltd

(6) First Citizens Bank Ltd. 320,000,000.00 320,000,000.00 320,000,000.00 6.35% 234,784,321.69 85,215,678.31

National Insurance Property Development Co. Limited

(7) RBC Merchant Bank & Finance Ltd 286,252,764.00 286,252,764.00 286,252,764.00 8.75% 286,252,764.00 0.00 Fixed Rate Bond (2006-2018) NOTE 1

Carried Forward: 420,603,431.20

65 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

AMOUNT VALUE OF LEGAL AUTHORITY AUTHORIZED BONDS OR AMOUNT REALIZED RATE OF AMOUNT REPAID PRESENT DEBT TO BE RAISED STOCK ISSUED INTEREST TO DATE

Loans Serviced under $ ¢ $ ¢ $ ¢ $ ¢ $ ¢ Head 18 - Ministry of Finance Brought Forward: 420,603,431.20

Taurus Services Limited -

(8) FCB Guaranteed Fixed Rate Loan (2000-2022) 268,000,000.00 335,606,124.00 335,606,124.00 11.50% 285,179,165.99 50,426,958.01

(9) FCB Guaranteed Interest Loan (1993-2022) 362,000,000.00 551,474,838.00 551,474,838.00 11.50% 468,772,524.30 82,702,313.70

(10) FCB Guaranteed Fixed Rate Loan (1994-2022) 101,000,000.00 154,823,310.00 154,823,310.00 11.50% 131,614,576.90 23,208,733.10

(11) FCB Guaranteed Interest Loan (1994-2022) 60,000,000.00 91,518,445.00 91,518,445.00 11.50% 77,810,879.55 13,707,565.45

(12) FCB Guaranteed Rate Loan (1993-2022) 155,000,000.00 236,289,205.00 236,289,205.00 11.50% 200,877,993.58 35,411,211.42

Evolving Tecknologies and Development Co. Ltd

(13) First Citizens Trustee Services Ltd 148,000,000.00 148,000,000.00 148,000,000.00 4.25% 125,800,000.00 22,200,000.00

(14) ANSA Merchant Bank 488,000,000.00 488,000,000.00 488,000,000.00 3.00% 317,200,000.00 170,800,000.00

First Citizens Holdings Limited

(15) FCB Guaranteed Fixed Rate Loan 86,200,000.00 104,281,644.00 104,281,644.00 11.50% 86,032,352.00 18,249,292.00 (1994-2022)

Restructuring of FCB

(16) First Citizens Holdings Fixed Rate Loan (2002-2022) 350,000,000.00 350,000,000.00 350,000,000.00 11.50% 297,500,000.00 52,500,000.00

Caribbean Airlines Limited NOTE 2

(17) First Citizens Bank Ltd - US $75Mn TTD 504,455,772.11 504,455,772.11 504,455,772.11 26,035,533.14 478,594,222.56 USD 74,663,396.50 74,663,396.50 74,663,396.50 3,834,001.42 70,829,395.08

TOTAL 1,368,403,727.44

66 STATEMENT OF THE PUBLIC DEBT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

AMOUNT VALUE OF LEGAL AUTHORITY AUTHORIZED BONDS OR AMOUNT REALIZED RATE OF AMOUNT REPAID PRESENT DEBT TO BE RAISED STOCK ISSUED INTEREST TO DATE

Loans Serviced under $ ¢ $ ¢ $ ¢ $ ¢ $ ¢ Head 18 - Ministry of Finance

NOTE 1 RBC Merchant Bank & Finance Ltd Fixed Rate Bond (2006-2018) matured on 06/10/2018. The outstanding balance of $11,927,198.50 has been adjusted.

NOTE 2 Caribbean Airlines balance of USD $70,833,177.13 has been restated using US 1.00 = TT 6.7570 resulting in a foreign exchange gain of $173,983.59.

LETTERS OF COMFORT ISSUED BY

THE GOVERNMENT OF THE REPUBLIC

OF TRINIDAD AND TOBOAGO

AS AT

SEPTEMBER 30, 2019

LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Economic Management Division

Housing Development Corporation First Citizens Bank Ltd. (HDC) TT$ 150,000,000.00 150,000,000.00 144,385,368.59 49,269,557.42

Republic Bank Ltd. TT $120,000,000.00 120,000,000.00 120,000,000.00 120,000,000.00

ANSA Merchant Bank TT $1,206,120,000.00 TT $300,000,000.00

TT $1,506,120,000.00 1,506,120,000.00 982,280,257.43 697,955,142.86 1,776,120,000.00 1,246,665,626.02 867,224,700.28

Airports Authority of Trinidad and Tobago Scotia Trust & Merchant Bank Ltd. (AATT) TT $320Mn 320,000,000.00 64,000,000.00 32,000,000.00

320,000,000.00 64,000,000.00 32,000,000.00

Port Authority of First Citizens Investments Services Trinidad and Tobago (Formerly Caribbean Money Market (PATT) Brokers Ltd.)

US $13.4Mn 84,775,100.00 4,526,788.00 0.00 84,775,100.00 4,526,788.00 0.00

Water and Sewerage Authority (WASA) RBC Merchant Bank Overdraft Facility TT $420Mn 420,000,000.00 368,485,428.14 373,572,340.10

Republic Bank Ltd. US $60Mn

Increase of US $30Mn to US $60Mn TT $190,929,000.00 TT $192,642,000.00 TT $383,571,000.00 383,571,000.00 405,384,000.00 399,242,278.87

TT $508,666,666.67 508,666,666.67 508,666,666.67 508,666,666.67 1,312,237,666.67 1,282,536,094.81 1,281,481,285.64

69 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Regional Health Authorities

South-West Regional Health Authority Republic Bank Ltd. (SWRHA) TT $158,250,000 158,250,000.00 158,250,000.00 0.00

South-West Regional Health Authority (SWRHA)-NOTE 2 Scotiabank Ltd 500,067,893.75 0.00 500,067,893.75

Eastern Regional Health Authority Republic Bank Ltd. (ERHA) TT $61,250,000 61,250,000.00 61,250,000.00 0.00

Eastern Regional Health Authority Ansa Merchant Bank (ERHA)-NOTE 3 TT $500Mn 500,000,000.00 0.00 500,000,000.00

North Central Regional Health Republic Bank Ltd. Authority (NCRHA) TT $135,250,000 135,250,000.00 135,250,000.00 0.00

North West Regional Health Authority Republic Bank Ltd. (NWRHA) TT $145,250,000 145,250,000.00 145,250,000.00 0.00 1,635,317,893.75 635,250,000.00 1,000,067,893.75

Total EMD 5,128,450,660.42 3,232,978,508.83 3,180,773,879.67

70 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Investments Division

Vehicle Maintenance Corporation of Trinidad and Tobago (VMCOTT) Unit Trust Corporation TT $41.3Mn 41,300,000.00 6,195,000.00 2,065,000.00 41,300,000.00 6,195,000.00 2,065,000.00

National Helicopter Services Republic Finance & Merchant Bank- US $11.5Mn (Republic Bank Ltd. Limited US $3Mn and PEFCO US $7.453Mn) 73,273,400.00 13,039,243.25 35,585,625.63

73,273,400.00 13,039,243.25 35,585,625.63

Urban Development Corporation of Trinidad and Tobago Barclay's Capital Inc. (UDeCOTT) US $375Mn 2,385,637,500.00 1,082,027,575.39 891,026,287.95

CBTT FRB 3.35% TT $213Mn 213,000,000.00 213,000,000.00 213,000,000.00

First Citizens Bank Ltd. TT $230.1Mn 230,100,000.00 230,100,000.00 230,100,000.00

First Citizens Bank Ltd- TT $47,286,716.23 47,286,716.23 14,217,847.12 47,286,716.23

US $35,681,763.25 241,080,265.22 241,080,265.22 241,101,674.28

ANSA Merchant Bank NOTE 4 US $99.6Mn 670,583,659.40 0.00 673,003,957.00

ANSA Merchant Bank TT $496Mn 496,000,000.00 496,000,000.00 496,000,000.00 TT $233,191,981.93 233,191,981.93 186,553,585.54 163,234,387.40

TT $399.019Mn 399,019,000.00 174,570,812.50 124,693,437.50

TT $223.097Mn 223,097,000.00 111,548,500.00 86,759,944.40

TT $90Mn 90,000,000.00 90,000,000.00 90,000,000.00

First Citizens Trustee Services - NOTE 5 TT $101.9Mn 101,993,930.90 0.00 101,993,930.90

71 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

(UDeCOTT) First Carib. Inter. Bank Continued… TT $180.3Mn 180,300,000.00 180,300,000.00 0.00 Republic Bank Ltd. TT $227,140,000.00 227,140,000.00 184,551,250.00 156,158,750.00

ANSA Merchant Bank Ltd - 127,500,000.00 0.00 127,500,000.00 NOTE 6 TT $127.5Mn

TT $199,641,382.00 199,641,382.00 199,641,382.00 199,641,382.00

RBC Royal Bank Ltd. TT $500Mn 512,815,580.80 366,296,842.84 293,037,474.30

RBC Royal Bank Ltd. NOTE 7 US $16,941,700.90 114,063,389.60 0.00 114,475,072.98

NCB Global Finance Ltd- NOTE 8 TT $180.3Mn 180,300,000.00 0.00 180,300,000.00

Scotiabank Ltd. TT $87,778,246.12 87,778,246.12 87,778,246.00 87,778,246.12 6,960,528,652.20 3,857,666,306.61 4,517,091,261.06

Evolving TecKnologies and First Citizens Bank Ltd. Enterprise Development TT $160Mn 160,000,000.00 160,000,000.00 160,000,000.00 Company Limited Scotiabank Ltd. TT $87,664,786.72 87,664,786.72 87,664,786.72 87,664,786.72

Scotiabank Ltd-TT$148Mn 148,000,000.00 148,000,000.00 29,600,000.00 395,664,786.72 395,664,786.72 277,264,786.72

National Infrastructure NOTE 9 First Citizens Bank Ltd - Development Company Limited US $61.5Mn 414,061,050.00 0.00 415,555,500.00 (NIDCO)

NOTE 10 Ansa Merchant Bank 500,000,000.00 0.00 500,000,000.00 TT $500Mn

Ansa Merchant Bank 153,800,000.00 9,612,500.00 0.00 TT $153.8Mn

RBC Royal Bank Ltd. TT $1.5Bn 1,500,000,000.00 1,230,000,000.00 1,095,000,000.00 2,567,861,050.00 1,239,612,500.00 2,010,555,500.00

RBC Royal Bank Ltd. New Education Facilities Company Syndicated Limited (EFCL) Fixed Rate Loan TT $286,565,896.00 286,565,896.00 247,488,728.36 221,437,283.30 286,565,896.00 247,488,728.36 221,437,283.30

72 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Export Import Bank of Banco Latinoamericano Trinidad and Tobago Limited De Exportaciones, SA (EXIMBANK) US $20Mn 135,128,000.00 135,128,000.00 115,544,700.00

Scotiabank Ltd. US $8Mn 50,000,000.00 49,997,338.00 49,488,890.00

First Carib. Inter. Bank US $10Mn 66,032,000.00 67,564,000.00 63,961,883.42 251,160,000.00 252,689,338.00 228,995,473.42

National Insurance Property National Insurance Board Development Company TT$ 250Mn 250,000,000.00 250,000,000.00 250,000,000.00 Limited (NIPDEC)

CBTT FRB 16-Year 4% TT$1Bn 1,000,000,000.00 1,000,000,000.00 1,000,000,000.00

First Citizens Bank Ltd. TT$56,039,826.00 56,039,826.00 42,693,413.90 28,924,808.50

ANSA Merchant Bank TT$405Mn 405,000,000.00 405,000,000.00 405,000,000.00 1,711,039,826.00 1,697,693,413.90 1,683,924,808.50

National Maintenance Training and Security Co. Ltd NOTE 11 First Citizens Bank TT $400Mn 400,000,000.00 0.00 400,000,000.00

400,000,000.00 0.00 400,000,000.00

The Sports Company of Trinidad ANSA Merchant Bank and Tobago Limited TT $495,937,500.00 495,937,500.00 364,659,926.46 335,487,132.40 (SPORTT) 495,937,500.00 364,659,926.46 335,487,132.40

First Citizens Bank Ltd. Caribbean Airlines Limited US $64.2Mn 412,253,880.00 433,760,880.00 0.00 (CAL) ANSA Merchant Bank Ltd- US NOTE 12 $64.2Mn 432,239,340.00 0.00 433,799,400.00

844,493,220.00 433,760,880.00 433,799,400.00

Telecommunications Services of Sagicor Investments Jamaica Ltd- Trinidad and Tobago NOTE 13 US $30Mn 177,743,280.00 0.00 178,384,800.00 177,743,280.00 0.00 178,384,800.00

73 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

Estate Management & Business First Citizens Bank Ltd. Development Co. Ltd. (EMBD) TT $400Mn 400,000,000.00 106,470,268.01 0.00 400,000,000.00 106,470,268.01 0.00

Petroleum Company of Trinidad First Carib. Inter. Bank US and Tobago PETROTRIN $50Mn 337,955,000.00 337,820,000.00 338,311,048.83

Republic Bank Ltd. NOTE 14 US$22,266,409.19 149,913,053.20 0.00 150,454,126.90

First Citizens Bank Ltd. US$55Mn 371,602,000.00 371,602,000.00 371,635,000.00

First Citizens Bank Ltd. NOTE 15 US$100Mn 673,270,000.00 0.00 675,700,000.00

Republic Bank Ltd-US$50Mn 337,820,000.00 337,820,000.00 337,850,000.00

First Citizens Bank Ltd - US $25Mn 168,910,000.00 168,910,000.00 168,925,000.00

Scotia Bank Ltd- US $50Mn 337,820,000.00 337,820,000.00 337,850,000.00

2,377,290,053.20 1,553,972,000.00 2,380,725,175.73

Palo Seco Agricultural Enterprises First Citizens Bank Ltd. Limited (PSAEL) TT$29,310,285.00 29,310,285.00 29,310,285.00 29,310,285.00 29,310,285.00 29,310,285.00 29,310,285.00

Total Investments Division 17,012,167,949.12 10,198,222,676.31 12,734,626,531.76

Total EMD 5,128,450,660.42 3,232,978,508.83 3,180,773,879.67

Total Investments Division 17,012,167,949.12 10,198,222,676.31 12,734,626,531.76 Grand Total 22,140,618,609.54 13,431,201,185.14 15,915,400,411.43

Note 1. Foreign exchange rate TT $6.7570 to US $1.00

NEW LOANS STATUTORY BODY/ STATE LENDING AGENCY ENTERPRISE TTD USD Note 3. Eastern Regional Health Authority (ERHA) Ansa Merchant Bank 500,000,000.00 0.00 Note 4. UDeCOTT Ansa Merchant Bank 0.00 99,600,000.00 Note 5. UDeCOTT First Citizens Trustee Services 101,993,930.00 0.00 Note 6. UDeCOTT Ansa Merchant Bank 127,500,000.00 0.00 Note 7. UDeCOTT RBC Royal Bank Ltd 0.00 16,941,700.90 Note 8. UDeCOTT NCB Global Finance Ltd 180,300,000.00 0.00 Note 9. NIDCO First Citizens Bank Ltd 0.00 61,500,000.00 Note 10. NIDCO Ansa Merchant Bank 500,000,000.00 0.00 Note 11. NMTS First Citizens Bank Ltd 400,000,000.00 0.00 Note 13. TSTT Sagicor Investments Jamica Ltd 0.00 30,000,000.00 Note 14. PETROTRIN Republic Bank Ltd 0.00 22,266,409.19 Note 15. PETROTRIN First Citizens Bank Ltd 0.00 100,000,000.00

74 LETTERS OF COMFORT ISSUED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

REFINANCED LOANS

STATUTORY BODY/STATE LENDING AGENCY ENTERPRISE TTD USD

Note 2. South West Regional Health Authority (SWRHA) Scotia Bank Ltd 500,067,893.75 0.00 Note 12. Caribbean Airlines Ansa Merchant Bank 0.00 64,200,000.00

Note 16. Caribbean Airlines Ltd-US $75Mn transferred from Letters of Comfort to Head 18. (Payments commenced in 2019.)

PROMISSORY NOTES

Ministry of finance

As at

September 30 2019

PROMISSORY NOTES As at September 30, 2019

Details Amt USD Rate USD Amt TTD Amt TTD

Foreign Notes as at September 2018 322,816,500.66 6.7564 2,181,077,405.06

Local Notes as at September 30, 2018 3,154,646,732.88 5,335,724,137.94

Balance as at September 30, 2018

Less: Drawdowns for Fiscal Year 2019 0.00

Add: Promissory Notes for Fiscal Year 2019 0.00 0.00

5,335,724,137.94

Translation

As at September 30, 2019 322,816,500.66 6.757 2,181,271,094.96

As at September 30, 2018 322,816,500.66 6.7564 2,181,077,405.06

Difference 193,689.90 193,689.90

Balance as at September 30, 2019 5,335,917,827.84

77 PROMISSORY NOTES AS AT SEPTEMBER 30, 2019

Institution Currency Promissory Dated Drawdown Period Drawdown Balance US$ Amount Amount $

Caribbean Dev. US$ 664,697.75 06.26.91 07.01.98 - 12.31.98 533,360.00 131,337.75 Bank 664,697.75 12.09.91 - 0.00 664,697.75 194,825.20 12.09.91 - 0.00 194,825.20 194,825.20 12.09.91 - 0.00 194,825.20 194,825.20 01.27.93 - 0.00 194,825.20 664,697.75 01.27.93 - 0.00 664,697.75 664,697.75 02.16.94 - 0.00 664,697.75 664,702.74 04.21.95 - 0.00 664,702.74 366,729.80 03.10.98 - 0.00 366,729.80 366,729.80 02.09.99 - 0.00 366,729.80 733,459.60 01.11.01 - 0.00 733,459.60 366,729.80 11.29.01 - 0.00 366,729.80 5,000,000.00 02.25.02 9.2005 1,125,907.00 3,874,093.00 4,875,000.00 07.30.07 - 0.00 4,875,000.00 6,619,600.00 12.29.09 - 0.00 6,619,600.00 20,576,951.34

Inter-American US$ 772,060.00 10.30.92 - 719,143.00 52,917.00 Dev. Bank 7,370,757.00 01.17.12 - 1,471,738.75 5,899,018.25 295,698,854.00 01.17.12 - 0.00 295,698,854.00 347,139.07 02.29.16 0.00 347,139.07 301,997,928.32

Multilateral Inv. US$ 240,000.00 07.30.97 - 218,025.00 21,975.00 Fund 21,975.00

Multilateral Inv. US$ 219,646.00 12.12.91 - 0.00 219,646.00 Guarantee Agency 219,646.00

Total USD 322,816,500.66

Institution Currency Promissory Dated Drawdown Period Drawdown Balance TT$ Amount Amount $ Caribbean Dev. TT$ 828,007.10 02.01.89 - 0.00 828,007.10 Bank 817,783.91 08.07.89 - 0.00 817,783.91 2,156,881.00 11.09.89 - 0.00 2,156,881.00 2,458,970.00 01.23.89 12.31.86 1,475,382.00 983,588.00 828,007.10 09.13.90 - 0.00 828,007.10 817,783.91 09.13.90 - 0.00 817,783.91 3,122,330.00 01.29.92 - 0.00 3,122,330.00 9,209,939.00 05.08.95 - 0.00 9,209,939.00 6,600,269.00 05.22.96 - 0.00 6,600,269.00 4,652,390.00 05.12.97 - 0.00 4,652,390.00 2,432,146.00 05.19.98 - 0.00 2,432,146.00 94,363.00 04.13.99 - 0.00 94,363.00 231,106.00 11.30.06 - 0.00 231,106.00 409,143.00 05.13.08 - 0.00 409,143.00 322,515.00 03.25.09 - 0.00 322,515.00 256,078.00 08.20.10 - 0.00 256,078.00 1,224,062.00 02.02.16 0.00 1,224,062.00 1,652,710.00 02.06.17 1,652,710.00 Total 36,639,102.02

78 PROMISSORY NOTES AS AT SEPTEMBER 30, 2019

Institution Currency Promissory Dated Drawdown Period Drawdown Balance TT$ Amount Amount $ International Dev. TT$ 1,178,523.00 11.27.08 - 0.00 1,178,523.00 Association 2,658,339.38 10.26.72 - 0.00 2,658,339.38 155,183.00 07.07.03 - 0.00 155,183.00 216,474.00 06.26.06 - 0.00 216,474.00 127,241.00 11.22.06 - 0.00 127,241.00 185,961.00 06.17.09 - 0.00 185,961.00 407,988.00 02.27.15 - 0.00 407,988.00 379,472.00 02.27.15 - 0.00 379,472.00 127,241.00 12.21.15 0.00 127,241.00 206,528.00 01.24.18 206,528.00 5,642,950.38

International TT$ 111,906,109.75 11.27.92 - 0.00 111,906,109.75 Monetary Fund 335,718,329.26 11.27.92 - 0.00 335,718,329.26 21,482,231.38 08.30.76 07.1980 - 12.1980 21,310,338.45 171,892.93 17,080,128.69 09.30.85 - 0.00 17,080,128.69 1,350,157.80 09.30.85 - 0.00 1,350,157.80 28,500,000.00 10.30.70 10.02.75 - 05.09.84 27,767,887.22 732,112.78 33,373,182.99 03.31.76 03.05.76 - 05.29.80 31,287,296.12 2,085,886.87 556,052,560.38 02.10.99 - 0.00 556,052,560.38 187,715,619.29 02.10.99 - 0.00 187,715,619.29 397,761,506.64 05.21.08 - 53,666,572.42 344,094,934.22 858,961.08 10.28.08 - 0.00 858,961.08 248,620,862.70 12.16.11 - 0.00 248,620,862.70 72,109,782.28 08.07.14 - 0.00 72,109,782.28 898,323,842.84 02.23.16 - 0.00 898,323,842.84 155,715,751.30 09.12.16 - 0.00 155,715,751.30 179,827,748.31 07.30.18 0.00 179,827,748.31 Total 3,112,364,680.48

Total TTD 3,154,646,732.88

SUMMARY Promissory amount - $3,154,646,732.88 $3,154,646,732.88 Promissory amount - USD 322,816,500.66 @ 6.7570 $2,181,271,094.96 $5,335,917,827.84

Closing Rate USD $1.00=TTD 6.7570 as at September 30, 2019

Balance outstanding on build,

operate, lease and transfer (bolt)

projects

AS AT

SEPTEMBER 30 2019

BALANCES OUTSTANDING ON THE BUILD, OPERATE, LEASE AND TRANSFER (BOLT) PROJECTS AS AT SEPTEMBER 30, 2019

CSDRMS # OUTSTANDING PROJECT NAME BALANCES 2018 2019

Ministry of Works and Transport (Head Office) … … … 1997008 31,322,151.07 28,781,639.82

Trinity Schools … … … … … … … … … … … 2001005 23,386,724.77 16,194,037.34

National Library Building Complex (Building) … … … … 2003014 75,896,946.34 60,388,592.12

TOTAL 130,605,822.18 105,364,269.28

Note: BOLT - Build, Operate, Lease and Transfer, as the acronym implies, is an arrangement whereby Financial Institutions finance the construction of buildings or purchase furniture and equipment required on behalf of the Government.

These Financial Institutions enter into lease arrangements with the respective Ministries/Departments and are paid lease rentals and other fees for the management and maintenance of the buildings etc. while occupied/used by the lessees. At the end of the lease agreements, ownership is then transferred to the Government.

Balances on loans assumed by the

government of the republic of

Trinidad and Tobago in which

government has/had a shareholding

AS AT

SEPTEMBER 30 2019

BALANCES ON LOANS ASSUMED BY THE GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO IN RESPECT OF COMPANIES IN WHICH GOVERNMENT HAS/HAD A SHAREHOLDING

AS AT SEPTEMBER 30, 2019

COMPANY LIABILITY 2018 2019

WEST INDIES SHIPPING $2,965,646.84 $2,106,721.02 CORPORATION

$2,965,646.84 $2,106,721.02

Statement of Loans or

credits guaranteed

by the state

AS AT

SEPTEMBER 30 2019

LOANS OR CREDITS GUARANTEED BY THE GOVERNMENT

OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

STATE ENTERPRISE / AMOUNT BALANCE AT BALANCE AT STATUTORY BOARD LENDING AGENCY GUARANTEED SEPTEMBER 30, 2018 SEPTEMBER 30, 2019 The University of the West Indies EEC Loan # 80370 (UWI) Note 1 EDF €1,640,246 15,056,474.13 6,099,274.87 6,313,447.10 15,056,474.13 6,099,274.87 6,313,447.10

Water and Sewerage Authority Republic Finance and (WASA) Merchant Bank (Paying agent - Trinidad and Tobago Central Depository)

TT $343Mn 403,364,940.00 60,504,740.91 20,168,246.80

Republic Finance and Merchant Bank

TT $330Mn 461,663,500.00 107,720,388.00 76,942,737.37

Citicorp Merchant Bank (Paying agent - First Caribbean International Bank)

TT $145Mn 153,606,557.00 10,971,896.00 0.00

Republic Finance and Merchant Bank

TT $500Mn 500,000,000.00 162,500,000.00 137,500,000.00

Central Bank of Trinidad and Tobago TT $420Mn plus Capitalized Interest 432,220,000.00 432,220,000.00 432,220,000.00

RBC Trust (T&T) Ltd. TT $1,335,900,000 1,335,900,000.00 1,335,900,000.00 1,335,900,000.00 3,286,754,997.00 2,109,817,024.91 2,002,730,984.17 Trinidad and Tobago Electricity Royal Merchant Bank Commission and Finance Co. Ltd.

(T&TEC) TT $500Mn 714,292,720.00 105,043,047.09 63,025,828.23

HSBC NOTE 1 US $76Mn - 478.8 Mn 478,800,000.00 162,620,816.47 110,573,218.33

NOTE 1 Republic Bank Ltd.

TT $1,612,590,000 1,612,590,000.00 1,612,590,000.00 1,485,388,354.83 2,805,682,720.00 1,880,253,863.56 1,658,987,401.39

88 LOANS OR CREDITS GUARANTEED BY THE GOVERNMENT

OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

STATE ENTERPRISE / AMOUNT BALANCE AT BALANCE AT STATUTORY BOARD LENDING AGENCY GUARANTEED SEPTEMBER 30, 2018 SEPTEMBER 30, 2019 Housing Development Corporation Central Bank of Trinidad (HDC) and Tobago Bond TT $306Mn 306,000,000.00 306,000,000.00 306,000,000.00

TT $600Mn 600,000,000.00 600,000,000.00 600,000,000.00

TT $475Mn 475,000,000.00 475,000,000.00 475,000,000.00

TT $700Mn 700,000,000.00 700,000,000.00 700,000,000.00

TT $500Mn 500,000,000.00 500,000,000.00 500,000,000.00 2,581,000,000.00 2,581,000,000.00 2,581,000,000.00

Total EMD 11,011,885,839.48 7,025,302,456.49 6,299,308,845.62

89 LOANS OR CREDITS GUARANTEED BY THE GOVERNMENT

OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

STATE ENTERPRISE / AMOUNT BALANCE AT BALANCE AT STATUTORY BOARD LENDING AGENCY GUARANTEED SEPTEMBER 30, 2018 SEPTEMBER 30, 2019

Investments Division

Export Import Bank of Trinidad and Scotiabank Ltd. Tobago Limited (EXIMBANK) Line of Credit (Revolving) TT $44,680,000 44,680,000.00 0.00 12,880,670.00 44,680,000.00 0.00 12,880,670.00

Urban Development Corporation of First Citizens Trustee Trinidad and Tobago (UDeCOTT) Services NOTE 1 US $88Mn 565,866,400.00 178,368,960.00 118,923,200.00

First Caribbean International Bank US $81Mn/US $92.5Mn NOTE 1 revised to US $100Mn 642,570,000.00 202,692,000.00 138,703,566.73

FCB-$497,342,684.00 497,342,684.00 99,167,067.63 0.00

FINCOR-2400FRB 2,563,621,273.26 2,790,119,104.00 2,577,196,708.70 1,208,436,400.00 381,060,960.00 2,834,823,475.43

National Helicopter Services Republic Bank Ltd. Limited (NHSL) NOTE 1 US $11.5Mn 73,895,550.00 45,619,922.67 35,570,814.29 73,895,550.00 45,619,922.67 35,570,814.29

Trinidad and Tobago Mortgage National Insurance Finance Company Limited Board (TTMF) TT $200Mn 200,000,000.00 20,000,000.00 10,000,000.00 200,000,000.00 20,000,000.00 10,000,000.00

National Insurance Property Central Bank of Trinidad Development Company Limited and Tobago (NIPDEC) TT $500Mn 6.25% Fixed Rate Bond 2028 500,000,000.00 500,000,000.00 500,000,000.00

TT $682Mn 6.8% Fixed Rate Bond 2022 682,000,000.00 682,000,000.00 682,000,000.00 Central Bank of Trinidad and Tobago TT $360Mn 6.1% Fixed Rate Bond 2025 360,000,000.00 360,000,000.00 360,000,000.00

TT $750Mn Fixed Rate Bond 2030 750,000,000.00 750,000,000.00 750,000,000.00

First Citizens Trust (Paying agent - Central Bank of Trinidad and Tobago)

TT $500Mn 500,000,000.00 500,000,000.00 500,000,000.00

90 LOANS OR CREDITS GUARANTEED BY THE GOVERNMENT

OF THE REPUBLIC OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

STATE ENTERPRISE / AMOUNT BALANCE AT BALANCE AT STATUTORY BOARD LENDING AGENCY GUARANTEED SEPTEMBER 30, 2018 SEPTEMBER 30, 2019 National Insurance Property Development Company Limited (CONT'D) TT $339Mn 339,000,000.00 339,000,000.00 339,000,000.00 3,131,000,000.00 3,131,000,000.00 3,131,000,000.00

National Infrastructure Development Company Limited RBC Royal Bank (NIDCO) TT $53Mn 53,000,000.00 22,966,666.67 19,433,333.33

First Citizens Trustee Services Ltd.

TT $344,750,000 344,750,000.00 137,900,000.00 114,916,666.67

Australia & New Zealand US $66,530,246.00 427,503,401.72 21,303,530.20 0.00

825,253,401.72 182,170,196.87 134,350,000.00

Total Investments Division 5,483,265,351.72 3,759,851,079.54 6,158,624,959.72

Total EMD 11,011,885,839.48 7,025,302,456.49 6,299,308,845.62

Total Investments Division 5,483,265,351.72 3,759,851,079.54 6,158,624,959.72 Grand Total 16,495,151,191.20 10,785,153,536.03 12,457,933,805.34

NOTE 1

Foreign Exchange Rates TT $6.7570 TO US $1.00

TT $7.8988 TO EURO $1.00

AUTHORITY

(a) Guarantee of Loans (Companies Act Chapter 71:82)

(b) Guarantee of Loans (Statutory Authorities Act Chapter 71:81)

(c) Guarantee of Loans (U.W.I.) Act 1993 (d) National Development (Inter-American Development Bank) Loans ACT Chapter 71:07

OFF-BALANCE SHEET FINANCING

TABLES

FINANCIAL YEAR, 2019

STATEMENT OF OFF BALANCE SHEET FINANCING

As at the end of the financial year 2019, Off Balance Sheet Financing totalled $47,772.8 million as shown in the analysis below. This represents a decrease of approximately 11% when compared with the previous year.

Off Balance Sheet Financing

2015 2016 2017 2018 2019 Contingent Liabilities Mn/000 Mn/000 Mn/000 Mn/000 Mn/000 $ $ $ $ $

Loans or Credits Guaranteed by the State 15,330.5 14,482.0 13,220.5 13,671.1 12,457.9

Letters of Comfort 13,257.1 14,919.5 14,867.1 13,652.1 15,915.4

Promissory Notes 3,972.5 5,148.4 5,156.6 5,335.7 5,335.9 Balances on Loans Assumed by GORTT 4.6 4.1 3.7 3.0 2.1 Open Market Operations re: Treasury Bills/Notes 34,235.7 28,841.6 25,052.2 21,058.4 14,061.5

Total 66,800.4 63,395.6 58,300.1 53,720.3 47,772.8

Comparison of Off Balance Sheet Financing and Public Debt with Revenue for the

Financial Years 2015 to 2019

Off Balance Excess of Total Sheet Debt to Total Year Financing Public Debt Total Debt Total Revenue Revenue Mn/000 Mn/000 Mn/000 Mn/000 Mn/000 $ $ $ $ $

2015 66,800.4 48,672.9 115,473.3 60,519.6 91%

2016 63,395.6 58,273.3 121,668.9 60,313.7 102%

2017 58,300.1 65,450.6 123,750.7 47,777.2 159%

2018 53,720.3 67,813.0 121,533.3 50,477.1 141%

2019 47,772.8 73,712.5 121,485.3 53,423.4 127%

Statement of Loans from

General Revenue

As at

September 30, 2019

SUMMARY OF LOANS FROM GENERAL REVENUE REPAYABLE TO

THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

AMOUNT REPAID / BALANCE OUTSTANDING TO WHOM MADE LOANS ISSUED WRITTEN OFF AS AT SEPTEMBER 30, 2019

1. OTHER GOVERNMENTS 389,985,789.24 35,739,357.76 376,106,181.30

2. OTHERS 114,556,974.27 0.00 128,315,430.00

3. STATUTORY BODIES 1,507,797,057.75 1,778,381.96 1,506,018,675.79

TOTAL 2,012,339,821.26 37,517,739.72 2,010,440,287.09

95 (a) LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

TOTAL AMOUNT TO WHOM MADE AMOUNT DATE AUTHORITY REPAID/ BALANCE REMARKS OF LOAN WRITTEN OFF AS AT OUTSTANDING AS AT SEPTEMBER 30, 2019 SEPTEMBER 30, 2019 $ ¢ $ ¢ $ ¢ 1. OTHER GOVERNMENTS

Government of Grenada USD 16,500,000.00 USD 911,313.26 USD 15,588,686.74 Bond to be repaid after a five year moratorium effective TTD 103,938,450.00 Dec. 2005 Finance & Audit TTD 5,835,457.76 TTD 105,332,756.30 February 2011 to 2030. Interest chargable at 2% per annum. (Amendment) Loan balance revalued at a rate of US$1.00 = TTD$6.7570 Act No. 37 of as at September 30, 2019. 2000

USD 15,000,000.00 May 29, 2013 Unconfirmed USD 0.00 USD 15,000,000.00 Concessional Loan Facility of US $15Mn with a tenor of TTD 96,321,000.00 Cabinet Minute TTD 0.00 TTD 101,355,000.00 fifteen (15) years at an interest rate of 1.95% per annum. No 1497 Loan balance revalued at a rate of US$1.00 = TTD$6.7570 as at September 30, 2019.

TTD 200,259,450.00 TTD 5,835,457.76 TTD 206,687,756.30

Government of St. Lucia TTD 11,055,000.00 Cabinet Minute TTD 0.00 TTD 11,055,000.00 Memorandum of Understanding signed on September #3302 dated 17, 2013. 12.13.2012

USD 15,000,000.00 Cabinet Minute USD 5,000,000.00 USD 10,000,000.00 Concessional Loan Facility of US $15Mn with a tenor of TTD 95,598,000.00 #567 dated TTD 29,903,900.00 TTD 67,570,000.00 fifteen (15) years at an interest rate of 4.5% per annum. 02.02.2014 Loan balance revalued at a rate of US$1.00 = TTD$6.7570 as at September 30, 2019.

TTD 106,653,000.00 TTD 29,903,900.00 TTD 78,625,000.00

Government of Dominica EC 10,000,000.00 Aug. 2006 Cabinet Minute EC 0.00 EC 10,000,000.00 Terms and conditions of repayment to be determined. TTD 23,279,259.24 #2738 dated TTD 0.00 TTD 25,757,000.00 09.30.2004

Carried Forward TTD 330,191,709.24 TTD 35,739,357.76 TTD 311,069,756.30

95 LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

TOTAL AMOUNT TO WHOM MADE AMOUNT DATE AUTHORITY REPAID/ BALANCE REMARKS OF LOAN WRITTEN OFF AS AT OUTSTANDING AS AT SEPTEMBER 30, 2019 SEPTEMBER 30, 2019 $ ¢ $ ¢ $ ¢ Brought Forward TTD 330,191,709.24 TTD 35,739,357.76 TTD 311,069,756.30

Government of Antigua and Barbuda EC 4,100,000.00 Cabinet Minute EC 0.00 EC 4,100,000.00 Interest-free loan to be repaid over ten (10) years with a TTD 9,720,743.00 #948 of 2003 TTD 0.00 TTD 10,560,370.00 moratorium of five (5) years. Principle repayment with effect dd 04.17.2003 from December 31, 2008 to 2013. Loan balance revalued at a rate of EC$1.00 = TTD$2.5757 as at September 30, 2019.

EC 5,700,000.00 Loan Agreement EC 0.00 EC 5,700,000.00 Interest-free loan to be repaid over ten (10) years with a TTD 13,444,020.00 dd 09.27.2004 TTD 0.00 TTD 14,681,490.00 moratorium of five (5) years. Principal repayment with effect Cabinet Minute from December 31, 2010 to 2014. Loan balance revalued at a # 960 of 2004 rate of EC$1.00 = TTD$2.5757 as at September 30, 2019. 04.06.2004

EC 5,700,000.00 Loan Agreement EC 0.00 EC 5,700,000.00 Interest-free loan to be repaid over ten (10) years with a TTD 13,583,100.00 dd 01.19.2005 TTD 0.00 TTD 14,681,490.00 moratorium of five (5) years. Principal repayment with effect Cabinet Minute from June 30, 2009 to 2014. Loan balance revalued at a rate # 960 of 2004 of EC$1.00 = TTD$2.5757 as at September 30, 2019. dd 04.06.2004 & #1764 of 2005 dd 07.07.2005

TTD 36,747,863.00 TTD 0.00 TTD 39,923,350.00

Government of St. Vincent and the EC 4,050,000.00 Loan Agreement EC 0.00 EC 4,050,000.00 Interest-free loan to be repaid over ten (10) years with a Grenadines TTD 9,602,197.00 dd 09.09.2003 TTD 0.00 TTD 10,431,585.00 moratorium of five (5) years. Principal repayment with effect Cabinet Minute from December 31, 2013. Loan balance revalued at a rate #948 of 2003 of EC$1.00 = TTD$2.5757 as at September 30, 2019. dd 04.17.2003

EC 5,700,000.00 Loan Agreement EC 0.00 EC 5,700,000.00 Interest-free loan to be repaid over ten (10) years with a TTD 13,444,020.00 dd 09.27.2004 TTD 0.00 TTD 14,681,490.00 moratorium of five (5) years. Principal repayment with effect Cabinet Minute from December 31, 2009 to 2014. Loan balance revalued a # 960 of 2004 rate of EC$1.00 = TTD$2.5757 as at September 30, 2019. 04.06.2004

TTD 23,046,217.00 TTD 0.00 TTD 25,113,075.00

TOTAL OF OTHER GOVERNMENTS TTD 389,985,789.24 TTD 35,739,357.76 TTD 376,106,181.30

Carried Forward TTD 389,985,789.24 TTD 35,739,357.76 TTD 376,106,181.30

96 LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

2. OTHERS

National Energy Skills Centre USD 7,540,000.00 Loan Agreement USD 0.00 USD 7,540,000.00 Loan amount US$7.54Mn with interest at the rat eof 7% per TTD 42,718,239.20 dd 11.07.2000 TTD 0.00 TTD 50,947,780.00 annum. Principal repayment with effect from December 15, 2004. Balance revalued at a rate of US$1.00 = TTD$6.7570 as at September 30, 2019. TTD 42,718,239.20 TTD 0.00 TTD 50,947,780.00

TT Post USD 11,450,000.00 Loan Agreement USD 0.00 USD 11,450,000.00 Loan Amount US$14,850,000 revised to US$11,450,000. TTD 71,838,735.07 dd 06.14.1999 TTD 0.00 TTD 77,367,650.00 Principal repayment with effect from December 15, 2004 to June, 2014. Balance revalued at a rate of US$1.00 = TTD$6.7570 as at September 30, 2019.

TTD 71,838,735.07 TTD 0.00 TTD 77,367,650.00

TOTAL OF OTHERS TTD 114,556,974.27 TTD 0.00 TTD 128,315,430.00

Carried Forward TTD 504,542,763.51 TTD 35,739,357.76 TTD 504,421,611.30

97 LOANS FROM GENERAL REVENUE REPAYABLE TO THE GOVERNMENT OF TRINIDAD AND TOBAGO AS AT SEPTEMBER 30, 2019

TOTAL AMOUNT TO WHOM MADE AMOUNT DATE AUTHORITY REPAID/ BALANCE REMARKS OF LOAN WRITTEN OFF AS AT OUTSTANDING AS AT SEPTEMBER 30, 2019 SEPTEMBER 30, 2019 $ ¢ $ ¢ $ ¢ Brought Forward TTD 504,542,763.51 TTD 35,739,357.76 TTD 504,421,611.30

3. STATUTORY BODIES

Trinidad and Tobago Electricity Commission TTD 121,924,474.17 2005 Warrant #1 of TTD 0.00 TTD 121,924,474.17 Terms and conditions of repayment to be determined. 2005 dated 06.25.2005 .

TTD 282,367,269.00 2006 Cabinet Minute TTD 0.00 TTD 282,367,269.00 Terms and conditions of repayment to be determined. #2456 dated 09.22.2005

TTD 404,291,743.17 TTD 0.00 TTD 404,291,743.17

Port Authority of Trinidad and Tobago TTD 13,897,489.58 1969-1974 3rd S.G.W. 1974 TTD 1,778,381.96 TTD 12,119,107.62 Loans to be converted to equity vide Cabinet Minute No. 270 (2nd Session) dated December 05, 2002. TTD 262,320.00 Dec. 1975 4th S.G.W. 1975 TTD 0.00 TTD 262,320.00 -do- TTD 3,600,000.00 Dec. 1975 4th S.G.W. 1975 TTD 0.00 TTD 3,600,000.00 -do- TTD 2,922,000.00 Dec. 1975 4th S.G.W. 1975 TTD 0.00 TTD 2,922,000.00 -do- TTD 8,324,777.00 1976 Exp. Est., 1976 TTD 0.00 TTD 8,324,777.00 -do- TTD 25,085,810.00 Dec. 1976 5th S.G.W.1976 TTD 0.00 TTD 25,085,810.00 -do- Warrants 5, 21, 29, 36 & 38 of 1976 TTD 39,238,491.00 1977 Exp. Est., 1977 TTD 0.00 TTD 39,238,491.00 -do- TTD 34,008,909.00 1978 Exp. Est., 1978 TTD 0.00 TTD 34,008,909.00 Loans to be converted to equity vide Cabinet Minute No. 270 (2nd Session) dated December 05, 2002. TTD 116,966,822.00 1979 Exp. Est., 1979 TTD 0.00 TTD 116,966,822.00 -do- TTD 86,628,572.00 1980 Exp. Est., 1980 TTD 0.00 TTD 86,628,572.00 -do- TTD 107,521,886.00 1981 Exp. Est., 1981 TTD 0.00 TTD 107,521,886.00 -do- TTD 102,086,964.00 1982 Exp. Est., 1982 TTD 0.00 TTD 102,086,964.00 -do- TTD 263,719,897.00 1983 Exp. Est., 1983 TTD 0.00 TTD 263,719,897.00 -do- TTD 104,984,288.00 1984 Exp. Est., 1984 TTD 0.00 TTD 104,984,288.00 -do- TTD 120,647,359.00 1985 Exp. Est., 1985 TTD 0.00 TTD 120,647,359.00 -do- TTD 66,509,730.00 1986 Exp. Est., 1986 TTD 0.00 TTD 66,509,730.00 -do- TTD 7,100,000.00 1987 Exp. Est., 1987 TTD 0.00 TTD 7,100,000.00 -do-

TTD 1,103,505,314.58 TTD 1,778,381.96 TTD 1,101,726,932.62

TOTAL OF STATUTORY BODIES TTD 1,507,797,057.75 TTD 1,778,381.96 TTD 1,506,018,675.79

TOTAL TTD 2,012,339,821.26 TTD 37,517,739.72 TTD 2,010,440,287.09

98 SUMMARY OF TRANSACTIONS IN RESPECT OF LOANS FROM GENERAL REVENUE FOR THE FINANCIAL YEAR 2019

$ ¢

Balance brought forward as at October 01, 2018 2,018,570,939.88

LESS: Capital repayments/write-offs for the Financial Year 2019 - Government of St. Lucia (6,776,800.00)

ADD: Revalued TTD balances on Loans granted in Foreign Currency using CBTT Exchange Rates (USD 6.7570 / E.C. 2.5757) as at September 30, 2019 (1,380,252.79)

LESS/ADD: Amount due to currency translation as at September 30, 2019 - Government of St. Lucia 26,400.00

Balance as at September 30, 2019 2,010,440,287.09

** Central Bank of Trinidad and Tobago - CBTT

Statement of revenue

For the

financial year 2019

100

STATEMENT OF REVENUE FOR THE FINANCIAL YEAR 2019

APPROVED REVISED ACTUAL ACTUAL ACTUAL HEADS OF REVENUE ESTIMATES ESTIMATES REVENUE (LESS) / MORE (LESS) / MORE FINANCIAL FINANCIAL FINANCIAL THAN ORIGINAL THAN REVISED YEAR 2019 YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES $ ¢ $ ¢ $ ¢ $ ¢ $ ¢

TAX REVENUE

01. TAXES ON INCOME AND PROFITS 21,164,480,200.00 22,207,045,700.00 21,627,815,352.86 463,335,152.86 (579,230,347.14)

02. TAXES ON PROPERTY 252,460,000.00 46,886,500.00 49,552,906.50 (202,907,093.50) 2,666,406.50

03. TAXES ON GOODS AND SERVICES 9,109,849,950.00 8,017,472,823.00 7,330,521,761.01 (1,779,328,188.99) (686,951,061.99)

04. TAXES ON INTERNATIONAL TRADE 2,574,755,800.00 2,623,122,600.00 2,672,262,231.20 97,506,431.20 49,139,631.20

05. OTHER TAXES 315,000,000.00 348,533,800.00 355,596,147.22 40,596,147.22 7,062,347.22

TOTAL TAX REVENUE 33,416,545,950.00 33,243,061,423.00 32,035,748,398.79 (1,380,797,551.21) (1,207,313,024.21)

NON-TAX REVENUE

06. PROPERTY INCOME 8,992,497,200.00 8,637,542,163.00 9,320,069,272.00 327,572,072.00 682,527,109.00

07. OTHER NON-TAX REVENUE 1,027,063,350.00 1,070,537,206.00 1,364,199,160.89 337,135,810.89 293,661,954.89

08. REPAYMENT OF PAST LENDING 167,482,500.00 1,362,368,758.00 1,366,950,308.14 1,199,467,808.14 4,581,550.14

TOTAL NON-TAX REVENUE 10,187,043,050.00 11,070,448,127.00 12,051,218,741.03 1,864,175,691.03 980,770,614.03

SUB-TOTAL 43,603,589,000.00 44,313,509,550.00 44,086,967,139.82 483,378,139.82 (226,542,410.18)

CAPITAL RECEIPTS

09. CAPITAL REVENUE 3,009,096,000.00 972,782,625.00 979,783,020.80 (2,029,312,979.20) 7,000,395.80

TOTAL CAPITAL RECEIPTS 3,009,096,000.00 972,782,625.00 979,783,020.80 (2,029,312,979.20) 7,000,395.80

SUB-TOTAL 46,612,685,000.00 45,286,292,175.00 45,066,750,160.62 (1,545,934,839.38) (219,542,014.38)

FINANCING

10. BORROWING 1,551,200,000.00 7,844,596,392.00 8,356,603,181.17 6,805,403,181.17 512,006,789.17

11. EXTRAORDINARY RECEIPTS 0.00 0.00 0.00 0.00 0.00

TOTAL FINANCING 1,551,200,000.00 7,844,596,392.00 8,356,603,181.17 6,805,403,181.17 512,006,789.17

GRAND TOTAL 48,163,885,000.00 53,130,888,567.00 53,423,353,341.79 5,259,468,341.79 292,464,774.79

100 (A) REVENUE FOR THE FINANCIAL YEAR 2019

APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 01 - TAXES ON INCOME AND PROFITS

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

01 Oil Companies (Chap. 75:04) 3,970,172,000.00 3,755,320,054.41 214,851,945.59 0.00 02 Other Companies (Chap. 75:02) 8,500,000,000.00 8,693,740,632.09 0.00 193,740,632.09 03 Individuals (Chap. 75:01) 6,912,000,000.00 6,915,247,576.45 0.00 3,247,576.45 04 Withholding Tax (Chap. 75:01) 850,000,000.00 1,359,694,883.67 0.00 509,694,883.67 05 Insurance Surrender Tax (Chap. 75:01) 55,308,200.00 64,608,460.96 0.00 9,300,260.96 07 Business Levy (Chap. 75:02) 692,000,000.00 648,649,276.54 43,350,723.46 0.00 09 Health Surcharge (Chap. 75:05) 185,000,000.00 190,554,468.74 0.00 5,554,468.74 TOTAL 21,164,480,200.00 21,627,815,352.86 258,202,669.05 721,537,821.91

HEAD 02 - TAXES ON PROPERTY

01 Lands and Buildings Taxes 2,460,000.00 49,552,906.50 0.00 47,092,906.50 03 Property Tax 250,000,000.00 0.00 250,000,000.00 0.00 04 Industrial and Land Tax 0.00 0.00 0.00 0.00 TOTAL 252,460,000.00 49,552,906.50 250,000,000.00 47,092,906.50

01 LANDS AND BUILDINGS TAXES

RO1 REVENUE OFFICER V, ST. GEORGE WEST MINISTRY OF FINANCE

001 Lands and Buildings Taxes (Chap. 76:04) 550,000.00 1,075,986.42 0.00 525,986.42

RO2 REVENUE OFFICER IV, ST. GEORGE EAST MINISTRY OF FINANCE

001 Lands and Buildings Taxes (Chap. 76:04) 450,000.00 647,798.88 0.00 197,798.88

RO3 REVENUE OFFICER IV, CARONI / CHAGUANAS MINISTRY OF FINANCE

001 Lands and Buildings Taxes (Chap. 76:04) 270,000.00 45,152,015.23 0.00 44,882,015.23

RO4 REVENUE OFFICER IV, ST. ANDREW / ST. DAVID MINISTRY OF FINANCE

001 Lands and Buildings Taxes (Chap. 76:04) 225,000.00 523,105.59 0.00 298,105.59

RO5 REVENUE OFFICER IV, ST. PATRICK MINISTRY OF FINANCE

001 Lands and Buildings Taxes (Chap. 76:04) 300,000.00 538,624.20 0.00 238,624.20 CARRIED FORWARD 1,795,000.00 47,937,530.32 0.00 46,142,530.32

101 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 02 (Cont'd) 01 LANDS AND BUILDINGS TAXES BROUGHT FORWARD 1,795,000.00 47,937,530.32 0.00 46,142,530.32

RO6 REVENUE OFFICER IV, NARIVA / MAYARO MINISTRY OF FINANCE

001 Lands and Buildings Taxes (Chap. 76:04) 65,000.00 200,817.84 0.00 135,817.84

RO7 REVENUE OFFICER IV, VICTORIA MINISTRY OF FINANCE

001 Lands and Buildings Taxes (Chap. 76:04) 300,000.00 544,124.04 0.00 244,124.04

RO8 REVENUE OFFICER IV, TOBAGO

001 Lands and Buildings Taxes (Chap. 76:04) 300,000.00 870,434.30 0.00 570,434.30 SUB-HEAD TOTAL 2,460,000.00 49,552,906.50 0.00 47,092,906.50

03 PROPERTY TAX

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Property Tax (Act No. 18 of 2009) 250,000,000.00 0.00 250,000,000.00 0.00 SUB-HEAD TOTAL 250,000,000.00 0.00 250,000,000.00 0.00 04 INDUSTRIAL AND LAND TAX

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Industrial Land Tax 0.00 0.00 0.00 0.00 SUB-HEAD TOTAL 0.00 0.00 0.00 0.00

HEAD 03 - TAXES ON GOODS AND SERVICES

01 Purchase Tax 150,000.00 740.36 149,259.64 0.00 02 Excise Duties 727,000,000.00 650,836,015.87 76,163,984.13 0.00 03 Betting and Entertainment Taxes 0.00 0.00 0.00 0.00 04 Liquor and Miscellaneous Business Licences and Fees 10,567,350.00 11,734,711.78 0.00 1,167,361.78 05 Motor Vehicles Taxes and Duties (Chap. 48:50) 360,501,000.00 290,980,202.67 69,520,797.33 0.00 06 Other 536,626,600.00 469,657,596.90 66,969,003.10 0.00 07 Value Added Tax 7,416,000,000.00 5,847,531,409.96 1,568,468,590.04 0.00 08 Alcohol and Tobacco Taxes 31,005,000.00 28,891,055.39 2,113,944.61 0.00 09 Tax on Online Purchases 28,000,000.00 30,890,028.08 0.00 2,890,028.08 TOTAL 9,109,849,950.00 7,330,521,761.01 1,783,385,578.85 4,057,389.86 01 PURCHASE TAX

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE 001 Purchase Tax (Chap. 77:01) 150,000.00 740.36 149,259.64 0.00 SUB-HEAD TOTAL 150,000.00 740.36 149,259.64 0.00

102 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 03 (Cont'd)

02 EXCISE DUTIES

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE

001 Rum and Spirits (Chap. 78:50) 170,000,000.00 186,649,847.41 0.00 16,649,847.41 002 Beer Duty (Chap. 78:50) 190,000,000.00 173,027,692.10 16,972,307.90 0.00 003 Oil (Petrol) (Chap. 78:50) 102,000,000.00 23,181,881.22 78,818,118.78 0.00 006 Cigarettes (Chap. 78:50) 230,000,000.00 232,810,390.00 0.00 2,810,390.00 007 Malta Beverage (Chap. 78:50) 35,000,000.00 35,166,205.14 0.00 166,205.14 SUB-HEAD TOTAL 727,000,000.00 650,836,015.87 95,790,426.68 19,626,442.55

03 BETTING AND ENTERTAINMENT TAXES

TR1 PERMANENT SECRETARY MINISTRY OF TRADE AND INDUSTRY

001 Tote and Forecast (Chap. 11:19) 0.00 0.00 0.00 0.00 003 Betting Office Levy (Chap. 21:53) 0.00 0.00 0.00 0.00 SUB-HEAD TOTAL 0.00 0.00 0.00 0.00

04 LIQUOR AND MISCELLANEOUS BUSINESS LICENCES AND FEES

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE 001 Spirit Retailers, Port-of-Spain (Chap. 84:10) 300,000.00 357,750.00 0.00 57,750.00 002 Spirit Retailers, San Fernando (Chap. 84:10) 195,000.00 224,062.50 0.00 29,062.50 003 Spirit Retailers, Towns (Chap. 84:10) 290,000.00 297,787.50 0.00 7,787.50 004 Spirit Retailers, Elsewhere (Chap. 84:10) 2,500,000.00 2,624,887.50 0.00 124,887.50 005 Spirit Grocers, Port-of-Spain (Chap. 84:10) 245,000.00 239,175.00 5,825.00 0.00 006 Spirit Grocers, San Fernando (Chap. 84:10) 220,000.00 215,100.00 4,900.00 0.00 007 Spirit Grocers, Elsewhere (Chap. 84:10) 1,550,000.00 1,647,200.00 0.00 97,200.00 008 Spirit Dealers (Chap. 84:10) 52,000.00 49,025.00 2,975.00 0.00 009 Special Hotel up to 15 bedrooms (Chap. 84:10) 190,000.00 148,375.00 41,625.00 0.00 010 Special Hotel, 16-49 bedrooms (Chap. 84:10) 120,000.00 123,468.75 0.00 3,468.75 011 Special Hotel, 50-150 bedrooms (Chap. 84:10) 116,000.00 93,375.00 22,625.00 0.00 012 Special Hotel, more than 150 bedrooms (Chap. 84:10) 29,000.00 36,000.00 0.00 7,000.00 013 Hotel Spirit, up to 15 bedrooms (Chap. 84:10) 30,000.00 14,625.00 15,375.00 0.00 014 Hotel Spirit, 16-49 bedrooms (Chap. 84:10) 13,500.00 14,625.00 0.00 1,125.00 015 Hotel Spirit, 50-150 bedrooms (Chap. 84:10) 6,800.00 2,250.01 4,549.99 0.00 016 Hotel Spirit, more than 150 bedrooms (Chap. 84:10) 9,000.00 0.00 9,000.00 0.00 017 Restaurant, Port-of-Spain (Chap. 84:10) 14,200.00 3,375.00 10,825.00 0.00 018 Restaurant, San Fernando (Chap. 84:10) 40,000.00 30,375.00 9,625.00 0.00 019 Restaurant, Elsewhere (Chap. 84:10) 270,000.00 236,250.00 33,750.00 0.00 020 Special Restaurant, Port-of-Spain (Chap. 84:10) 528,000.00 510,750.00 17,250.00 0.00 021 Special Restaurant, San Fernando (Chap. 84:10) 525,000.00 490,837.50 34,162.50 0.00 CARRIED FORWARD 7,243,500.00 7,359,293.76 212,487.49 328,281.25

103 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 03 (Cont'd)

04 LIQUOR AND MISCELLANEOUS BUSINESS LICENCES AND FEES BROUGHT FORWARD 7,243,500.00 7,359,293.76 212,487.49 328,281.25

022 Special Restaurant, Elsewhere (Chap. 84:10) 2,235,000.00 3,328,472.52 0.00 1,093,472.52 023 Night Bar, Port-of-Spain (Chap. 84:10) 0.00 0.00 0.00 0.00 024 Night Bar, San Fernando (Chap. 84:10) 0.00 0.00 0.00 0.00 025 Night Bar, Elsewhere (Chap. 84:10) 7,800.00 0.00 7,800.00 0.00 026 Wine Retailers, Port-of-Spain (Chap. 84:10) 22,000.00 18,000.00 4,000.00 0.00 027 Wine Retailers, San Fernando (Chap. 84:10) 4,000.00 2,250.00 1,750.00 0.00 028 Wine Retailers, Elsewhere (Chap. 84:10) 25,000.00 16,912.50 8,087.50 0.00 029 Wine Merchants (Chap. 84:10) 13,000.00 4,050.00 8,950.00 0.00 030 Distillers (Chap. 87:54) 2,000.00 4,000.00 0.00 2,000.00 031 Still Dealers (Chap. 87:54) 100.00 25.00 75.00 0.00 032 Compounders (Chap. 87:54) 2,250.00 3,687.50 0.00 1,437.50 033 Methylated Spirits (Chap. 87:54) 1,600.00 1,600.00 0.00 0.00 034 Medicinal Spirits (Chap. 87:54) 100.00 125.00 0.00 25.00 035 Vinegar Manufacturers (Chap. 87:54) 500.00 500.00 0.00 0.00 036 Bay Rum and Perfumed Spirits (Chap. 87:54) 1,500.00 1,187.50 312.50 0.00 037 Brewers (Chap. 87:52) 4,000.00 7,500.00 0.00 3,500.00 038 Clubs (Chap. 21:01) 650,000.00 608,850.00 41,150.00 0.00

SUB-TOTAL 10,212,350.00 11,356,453.78 284,612.49 1,428,716.27

MJ1 CHIEF MAGISTRATE MAGISTRACY - JUDICIARY

001 Occasional (Chap. 84:10) 350,000.00 373,890.00 0.00 23,890.00 002 Transfer Fees (Chap. 84:10) 5,000.00 4,368.00 632.00 0.00

SUB-TOTAL 355,000.00 378,258.00 632.00 23,890.00 SUB-HEAD TOTAL 10,567,350.00 11,734,711.78 285,244.49 1,452,606.27

05 MOTOR VEHICLES TAXES AND DUTIES (CHAP. 48:50)

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Motor Vehicles Taxes (Chap. 48:50) 260,000.00 131,806.52 128,193.48 0.00 003 Tax on transfer of used Motor Vehicles (Chap. 48:50) 39,000,000.00 37,178,270.00 1,821,730.00 0.00

SUB-TOTAL 39,260,000.00 37,310,076.52 1,949,923.48 0.00

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE

001 Motor Vehicles Taxes (Chap. 48:50) 200,000,000.00 195,820,684.80 4,179,315.20 0.00 SUB-TOTAL 200,000,000.00 195,820,684.80 4,179,315.20 0.00

104 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 03 (Cont'd)

05 MOTOR VEHICLES TAXES AND DUTIES (CH. 48:50)

WT2 TRANSPORT COMMISSIONER MINISTRY OF WORKS AND TRANSPORT (FORMERLY TP2 MINISTRY OF TRANSPORT)

001 Motor Vehicles Licences (Chap. 48:50) 0.00 0.00 0.00 0.00 002 3-year Driving Permits (Chap. 48:50) 3,000.00 480.00 2,520.00 0.00 003 1-year Driving Permits (Chap. 48:50) 20,000.00 16,580.00 3,420.00 0.00 004 Provisional Driving Permits (Chap. 48:50) 1,400,000.00 1,271,270.00 128,730.00 0.00 005 Conductors' Permits (Chap. 48:50) 0.00 0.00 0.00 0.00 006 Duplicate Permits (Chap. 48:50) 800,000.00 680,715.00 119,285.00 0.00 007 Taxi Drivers' Licences (Chap. 48:50) 140,000.00 119,780.00 20,220.00 0.00 008 Examination of Drivers (Chap. 48:50) 8,500,000.00 7,854,875.00 645,125.00 0.00 009 Road Permits (Chap. 48:50) 600,000.00 616,941.35 0.00 16,941.35 010 Inspection Fees (Chap. 48:50) 16,000,000.00 8,746,797.00 7,253,203.00 0.00 011 Driving Certificates (Chap. 48:50) 900,000.00 824,705.00 75,295.00 0.00 012 Dealers' Licences (Chap. 48:50) 2,050,000.00 1,925,000.00 125,000.00 0.00 013 Registration of Motor Vehicles (Chap. 48:50) 2,800,000.00 2,540,900.00 259,100.00 0.00 014 Certified Extracts of Register (Chap. 48:50) 8,500,000.00 8,890,600.00 0.00 390,600.00 015 Changes of Ownership (Chap. 48:50) 410,000.00 400,765.00 9,235.00 0.00 016 Amendments to Register (Chap. 48:50) 1,300,000.00 1,752,800.00 0.00 452,800.00 017 Other Vehicles (Chap. 48:50) 0.00 3.00 0.00 3.00 018 Examination Study Guides (Chap. 48:50) 250,000.00 199,710.00 50,290.00 0.00 019 Refund of Travelling Expenses 70,000.00 57,210.00 12,790.00 0.00 020 Miscellaneous 0.00 0.00 0.00 0.00 021 Priority Bus Route - Toll Charge (Chap. 48:50) 700,000.00 1,245,000.00 0.00 545,000.00 022 Licence Endorsements (Chap. 48:50) 185,000.00 144,060.00 40,940.00 0.00 023 Processing of H-Vehicles Applications (Chap. 48:50) 115,000.00 94,770.00 20,230.00 0.00 024 Certified Extract of Inspector's Report (Chap. 48:50) 0.00 0.00 0.00 0.00 025 Renewal of Taxi Driver Licence / Badge (Chap. 48:50) 185,000.00 178,640.00 6,360.00 0.00 026 Application for Maxi-Taxi Licence (Chap. 48:53) 85,000.00 75,600.00 9,400.00 0.00 031 5 year Driving Permit (Chap. 48:50) 60,000,000.00 18,166,500.00 41,833,500.00 0.00 032 4 year Driving Permits (Chap. 48:50) 4,000.00 480.00 3,520.00 0.00 033 2 year Driving Permits (Chap. 48:50) 2,400.00 1,000.00 1,400.00 0.00 034 Subsequent Duplicate of a Licence or Permit (Chap. 48:50) 210,000.00 209,100.00 900.00 0.00 035 Duplicate Licence / Badge for Taxi Drivers (Chap. 48:50) 4,600.00 6,160.00 0.00 1,560.00 036 Subsequent Duplicate Licence / Badge for Taxi Drivers (Chap. 48:50) 7,000.00 0.00 7,000.00 0.00 037 10 Year Driving Permits (Chap 48: 50) 16,000,000.00 1,829,000.00 14,171,000.00 0.00

SUB-TOTAL 121,241,000.00 57,849,441.35 64,798,463.00 1,406,904.35

SUB-HEAD TOTAL 360,501,000.00 290,980,202.67 70,927,701.68 1,406,904.35

105 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 03 (Cont'd) 06 OTHER

AL1 PERMANENT SECRETARY MINISTRY OF AGRICULTURE, LAND AND FISHERIES

001 Sawmills (Chap. 66:02) 250,000.00 248,000.00 2,000.00 0.00 002 Wild Animals and Birds (Chap. 67:01) 1,200,000.00 1,375,009.00 0.00 175,009.00 003 Removal Permits (Forestry) (Chap. 66:01) 120,000.00 105,000.00 15,000.00 0.00 004 Bulk Timber Removal Permits (Chap. 66:01) 10,000.00 4,850.00 5,150.00 0.00 005 Log Haulage Permits (Chap. 66:02) 30,000.00 43,920.00 0.00 13,920.00 006 Owner / Operator Furniture Shop Permits (Chap. 66:02) 45,000.00 39,500.00 5,500.00 0.00 007 Veterinary Surgeons' Registration Fees (Chap. 67:04) 2,000.00 410.00 1,590.00 0.00 SUB-TOTAL 1,657,000.00 1,816,689.00 29,240.00 188,929.00 AT4 CHIEF STATE SOLICITOR MINISTRY OF THE ATTORNEY GENERAL AND LEGAL AFFAIRS

001 Commissioner of Affidavits (Chap. 6: 52) 20,000.00 19,400.00 600.00 0.00 SUB-TOTAL 20,000.00 19,400.00 600.00 0.00

EN1 PERMANENT SECRETARY MINISTRY OF ENERGY AND ENERGY INDUSTRIES

001 Marketing Licences (Retail at Petrol Stations, etc.) (Chap. 62:01) 442,000.00 351,500.00 90,500.00 0.00 003 Pipe Lines Licences (Chap. 62:01) 4,500.00 3,500.00 1,000.00 0.00 006 Marketing Licences for Petroleum By- products (Chap. 62:01) 11,000.00 13,000.00 0.00 2,000.00 010 Application Fees - Compressed Natural Gas Licences (Chap. 62:01) 7,000.00 8,500.00 0.00 1,500.00 011 Compressed Natural Gas Service Licence (Chap. 62:01) 4,000.00 4,000.00 0.00 0.00 012 Compressed Natural Gas Marketing Licence (Chap. 62:01) 31,000.00 34,000.00 0.00 3,000.00 017 Marketing Licences Fees for Bunkering (Chap. 62:01) 8,000.00 40,000.00 0.00 32,000.00 SUB-TOTAL 507,500.00 454,500.00 91,500.00 38,500.00

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Auctioneers (Chap. 84:03) 4,000.00 4,000.00 0.00 0.00 004 Tax Clearance Certificates (Chap. 75:01 and Chap. 75:06) 1,200,000.00 1,114,500.00 85,500.00 0.00 005 Moneylenders (Chap. 84:04) 67,000.00 83,000.00 0.00 16,000.00 006 Pawnbrokers (Chap. 84:05) 25,000.00 30,000.00 0.00 5,000.00 015 Hotel Room Tax (Chap. 77:01) 54,272,000.00 54,658,089.10 0.00 386,089.10 019 Transaction Tax on Financial Services (Chap.77:01) 96,140,000.00 103,196,731.00 0.00 7,056,731.00 020 Insurance Premium Tax (Chap. 77:01) 170,000,000.00 180,299,690.84 0.00 10,299,690.84 021 Club Gaming Tax (Chap. 21:01) 103,378,000.00 71,230,589.30 32,147,410.70 0.00 022 Winnings Tax 100,000,000.00 45,006,654.00 54,993,346.00 0.00 SUB-TOTAL 525,086,000.00 455,623,254.24 87,226,256.70 17,763,510.94

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE 004 Copra Manufacturers (Chap. 64:30) 200.00 151.45 48.55 0.00 005 Environmental Tyre Tax 4,000,000.00 6,251,080.00 0.00 2,251,080.00 SUB-TOTAL 4,000,200.00 6,251,231.45 48.55 2,251,080.00

106 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 03 (Cont'd) 06 OTHER

HE1 PERMANENT SECRETARY MINISTRY OF HEALTH 002 Private Hospitals (Chap. 29:03) 160,000.00 440,575.00 0.00 280,575.00 003 Application for Registration of a Pesticide (Chap. 30:03) 100,000.00 56,094.18 43,905.82 0.00 004 Application for a Licence to import a Pesticide (Chap. 30:03) 182,000.00 174,780.00 7,220.00 0.00 005 Application for licensing of premises for Pesticides (Chap. 30:03) 450,000.00 492,105.00 0.00 42,105.00 006 Application for Shopkeeper Licence to sell drugs (Chap. 29:52) 59,000.00 61,790.00 0.00 2,790.00 007 Ambulance Services Licence Fees 0.00 8,000.00 0.00 8,000.00 SUB-TOTAL 951,000.00 1,233,344.18 51,125.82 333,470.00

MJ1 CHIEF MAGISTRATE MAGISTRACY - JUDICIARY 001 Bailiffs (Chap. 63:50) 0.00 0.00 0.00 0.00 002 Cinema (Chap. 20:10) 40,000.00 34,540.00 5,460.00 0.00 003 Explosives (Chap. 16:02) 45,000.00 39,000.00 6,000.00 0.00 004 Sale of Old Metal and Marine Stores (Chap. 84:07) 18,000.00 14,000.00 4,000.00 0.00 005 Hucksters and Pedlars (Chap. 84:09) 3,000.00 2,020.00 980.00 0.00 006 Precious Metals and Stones (Chap. 84:06) 65,000.00 59,400.00 5,600.00 0.00 007 Produce - Sale of (Chap. 63:52) 300.00 300.00 0.00 0.00 008 Theatres and Dance Halls (Chap. 21:03) 85,000.00 110,975.00 0.00 25,975.00 009 Tourist Guides (Chap. 11:02) 1,600.00 900.00 700.00 0.00 SUB-TOTAL 257,900.00 261,135.00 22,740.00 25,975.00

NS2 CHIEF IMMIGRATION OFFICER MINISTRY OF NATIONAL SECURITY

001 Departure Tax - Ports other than Airports (Chap. 77:01) 600,000.00 283,775.00 316,225.00 0.00 SUB-TOTAL 600,000.00 283,775.00 316,225.00 0.00

NS3 COMMISSIONER OF POLICE TRINIDAD AND TOBAGO POLICE SERVICE 001 Firearms and Ammunition (Chap. 16:01) 2,650,000.00 2,947,910.00 0.00 297,910.00 SUB-TOTAL 2,650,000.00 2,947,910.00 0.00 297,910.00

PU1 PERMANENT SECRETARY MINISTRY OF PUBLIC UTILITIES 007 Housing Electricians (Chap. 54:71) 185,000.00 177,300.00 7,700.00 0.00 SUB-TOTAL 185,000.00 177,300.00 7,700.00 0.00

SJ1 REGISTRAR SUPREME COURT - JUDICIARY

001 Bailiffs - (Chap. 4:61 - Act. No. 58 of 2000) 35,000.00 22,650.00 12,350.00 0.00 SUB-TOTAL 35,000.00 22,650.00 12,350.00 0.00

TR1 PERMANENT SECRETARY MINISTRY OF TRADE AND INDUSTRY 001 Betting Office Licences (Chap. 11:19) 0.00 0.00 0.00 0.00 002 Betting Office Permit (Chap. 11:19) 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00

107 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 03 (Cont'd) 06 OTHER

WT3 DIRECTOR MARITIME SERVICES MINISTRY OF WORKS AND TRANSPORT (FORMERLY TP3 MINISTRY OF TRANSPORT) 001 Certificates of Competence (Chap. 50:08) (Chap. 50:10) 60,000.00 55,550.00 4,450.00 0.00 002 Droghers (Chap. 50.07) 300,000.00 200,112.66 99,887.34 0.00 003 Motor Launches (Chap. 50:08) 90,000.00 73,875.30 16,124.70 0.00 005 Registration of Ships (Chap. 50:10) 17,000.00 17,570.07 0.00 570.07 006 Safety Certificates (Chap. 50:10) 120,000.00 154,000.00 0.00 34,000.00 007 Security Certificates (Chap. 50:10) 25,000.00 23,500.00 1,500.00 0.00 008 Boatmasters and Boat Engineers Licences (Chap. 50:10) 65,000.00 41,800.00 23,200.00 0.00 SUB-TOTAL 677,000.00 566,408.03 145,162.04 34,570.07 SUB-HEAD TOTAL 536,626,600.00 469,657,596.90 87,902,948.11 20,933,945.01

07 VALUE ADDED TAX

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Value Added Tax (Chap. 75:06) Act No. 37 of 1989 7,416,000,000.00 5,847,531,409.96 1,568,468,590.04 0.00 SUB-HEAD TOTAL 7,416,000,000.00 5,847,531,409.96 1,568,468,590.04 0.00

08 ALCOHOL AND TOBACCO TAXES

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE

001 Alcoholic and Other Beverages Tax (Chap. 77:01) 5,000.00 5,811.82 0.00 811.82 002 Tobacco Tax (Chap. 77:01) 31,000,000.00 28,885,243.57 2,114,756.43 0.00 SUB-HEAD TOTAL 31,005,000.00 28,891,055.39 2,114,756.43 811.82

09 TAX ON ONLINE PURCHASES

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE 001 Tax on Online Purchases 28,000,000.00 30,890,028.08 0.00 2,890,028.08 SUB-HEAD TOTAL 28,000,000.00 30,890,028.08 0.00 2,890,028.08

HEAD 04 - TAXES ON INTERNATIONAL TRADE

01 Import Duties 2,574,505,800.00 2,671,866,132.47 0.00 97,360,332.47 02 Other 250,000.00 396,098.73 0.00 146,098.73 TOTAL 2,574,755,800.00 2,672,262,231.20 0.00 97,506,431.20 01 IMPORT DUTIES

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE 001 Import Duties (Chap. 78:01) 2,550,000,000.00 2,649,454,672.78 0.00 99,454,672.78 002 Stamp Duty on Bills of Entry 800.00 0.00 800.00 0.00 004 Special Tax - Household Effects (Chap. 77:01) 5,000.00 196,558.10 0.00 191,558.10 005 Import Surcharge (Chap. 77:01) 24,500,000.00 22,214,901.59 2,285,098.41 0.00 SUB-HEAD TOTAL 2,574,505,800.00 2,671,866,132.47 2,285,898.41 99,646,230.88

108 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 04 (Cont'd) 02 OTHER

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE

001 Miscellaneous 100,000.00 16,370.65 83,629.35 0.00 002 Anti-dumping Duty (Chap. 78:05) 150,000.00 379,728.08 0.00 229,728.08 003 Countervailing Duty 0.00 0.00 0.00 0.00 SUB-HEAD TOTAL 250,000.00 396,098.73 83,629.35 229,728.08

HEAD 05 - OTHER TAXES

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE 01 Stamp Duties (Chap. 76:01) 315,000,000.00 355,596,147.22 0.00 40,596,147.22 TOTAL 315,000,000.00 355,596,147.22 0.00 40,596,147.22

HEAD 06 - PROPERTY INCOME

01 Rental Income 17,157,600.00 21,358,140.53 0.00 4,200,540.53 02 Interest Income 18,711,000.00 18,648,553.85 62,446.15 0.00 03 Royalties 4,286,820,000.00 4,096,318,789.45 190,501,210.55 0.00 04 Profits from Non-Financial Enterprises 1,771,970,900.00 857,022,844.50 914,948,055.50 0.00 05 Profits from Public Financial Institutions 2,092,462,000.00 2,461,727,734.06 0.00 369,265,734.06 06 0ther Property Income 805,375,700.00 1,864,993,209.61 0.00 1,059,617,509.61 TOTAL 8,992,497,200.00 9,320,069,272.00 1,105,511,712.20 1,433,083,784.20 01 RENTAL INCOME

AL3 COMMISSIONER OF STATE LANDS MINISTRY OF AGRICULTURE, LAND AND FISHERIES (FORMERLY LM1 MINISTRY OF LAND AND MARINE RESOURCES) 001 Ground Rents (excluding Quarries, Sand and Gravel Pits) (Chap. 57:01) 4,500,000.00 9,684,182.78 0.00 5,184,182.78 002 Wayleave for oil pipes along roads 2,000.00 0.00 2,000.00 0.00 003 Rents of Access Roads 100.00 0.00 100.00 0.00 005 Rents of Housing Lots - Trinidad & Tobago Housing Development Corporation 15,000.00 17,216.85 0.00 2,216.85 006 Rent of Lands, formerly owned by Caroni (1975) Ltd 1,500,000.00 2,654,893.53 0.00 1,154,893.53 SUB-TOTAL 6,017,100.00 12,356,293.16 2,100.00 6,341,293.16

CA1 PERMANENT SECRETARY MINISTRY OF COMMUNITY DEVELOPMENT, CULTURE AND THE ARTS

001 Rental of Booths - Terminal Malls 75,000.00 0.00 75,000.00 0.00 003 Rental of National Academy for the Performing Arts, Hotel and Facilities (NAPA) 250,000.00 0.00 250,000.00 0.00 004 Rental of National Academy for the Performing Arts Facilities (NAPA) 1,250,000.00 1,048,428.00 201,572.00 0.00 005 Rental of National Academy for the Performing Arts Facilities - South Campus 800,000.00 691,572.00 108,428.00 0.00 006 Rental of Stollmeyer's Castle 0.00 29,230.00 0.00 29,230.00 SUB-TOTAL 2,375,000.00 1,769,230.00 635,000.00 29,230.00

ED1 PERMANENT SECRETARY MINISTRY OF EDUCATION

001 Rental of Rudranath Capildeo Learning Resource Centre 28,000.00 0.00 28,000.00 0.00 SUB-TOTAL 28,000.00 0.00 28,000.00 0.00

109 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 06 (Cont'd) 01 RENTAL INCOME

PA1 PERMANENT SECRETARY MINISTRY OF PUBLIC ADMINISTRATION

001 Lease Payments / Rents of Government Buildings 5,000,000.00 3,612,132.42 1,387,867.58 0.00 002 Rental of Finance Building (Roof Level) 14,000.00 41,400.00 0.00 27,400.00 SUB-TOTAL 5,014,000.00 3,653,532.42 1,387,867.58 27,400.00

SP1 PERMANENT SECRETARY MINISTRY OF SPORT AND YOUTH AFFAIRS

001 West Port-of-Spain Regional Park - Proceeds from Rental, etc. 1,500,000.00 1,326,145.00 173,855.00 0.00 002 Proceeds from St. Paul Street Multi-purpose Complex 6,500.00 5,659.15 840.85 0.00 003 Proceeds from Hockey Facility / Indoor Sporting Arena - Tacarigua 200,000.00 215,773.95 0.00 15,773.95 004 Proceeds from Indoor Sporting Arena - Pleasantville 262,500.00 187,642.07 74,857.93 0.00 005 Proceeds from Indoor Sporting Arena - Point Fortin 160,000.00 182,812.60 0.00 22,812.60 006 Proceeds from Indoor Sporting Arena - Maloney 95,000.00 122,939.05 0.00 27,939.05 007 Proceeds from Indoor Sporting Arena - Chaguanas 280,000.00 271,801.50 8,198.50 0.00 008 Proceeds from Ato Boldon Stadium - Couva 230,000.00 139,710.00 90,290.00 0.00 010 Proceeds from Larry Gomes Stadium - Arima 95,000.00 76,842.00 18,158.00 0.00 011 Proceeds from Mannie Ramjohn Stadium - Marabella 143,500.00 151,285.00 0.00 7,785.00 012 Proceeds from Dwight Yorke Stadium - Bacolet 5,000.00 0.00 5,000.00 0.00 013 Proceeds from Rental - Chatham Youth Camp 11,000.00 0.00 11,000.00 0.00 014 Proceeds from Rental - Persto Praesto Youth Camp 5,000.00 0.00 5,000.00 0.00 015 Proceeds from Youth Centres 130,000.00 127,131.85 2,868.15 0.00 016 Proceeds from Indoor Sporting Arena - Mayaro 30,000.00 45,929.78 0.00 15,929.78 SUB-TOTAL 3,153,500.00 2,853,671.95 390,068.43 90,240.38 TM1 PERMANENT SECRETARY MINISTRY OF TOURISM 002 Proceeds from the Las Cuevas Beach Facility 10,000.00 0.00 10,000.00 0.00 003 Proceeds from the Manzanilla Beach Facility 10,000.00 0.00 10,000.00 0.00 004 Proceeds from the Maracas Beach Facility 500,000.00 717,563.00 0.00 217,563.00 005 Proceeds from the Vessigny Beach Facility 10,000.00 0.00 10,000.00 0.00 006 Proceeds from the La Brea Pitch Lake 5,000.00 0.00 5,000.00 0.00 SUB-TOTAL 535,000.00 717,563.00 35,000.00 217,563.00 TR1 PERMANENT SECRETARY MINISTRY OF TRADE AND INDUSTRY 001 Rental of Equipment - Events Centre 20,000.00 7,850.00 12,150.00 0.00 002 Rental of National Academy for the Performing Arts, Hotel (NAPA) 15,000.00 0.00 15,000.00 0.00 SUB-TOTAL 35,000.00 7,850.00 27,150.00 0.00 WT3 DIRECTOR MARITIME SERVICES MINISTRY OF WORKS AND TRANSPORT (FORMERLY TP3 MINISTRY OF TRANSPORT) 001 Rental of Vessels - Maritime Services 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00 SUB-HEAD TOTAL 17,157,600.00 21,358,140.53 2,505,186.01 6,705,726.54

110 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 06 (Cont'd)

02 INTEREST INCOME

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 001 Interest on Investment 01 Consolidated Fund 25,000.00 26,025.76 0.00 1,025.76

002 Interest on Floating Balances 10,000.00 29,058.30 0.00 19,058.30

003 Interest on Loans and Advances SUB-TOTAL 35,000.00 55,084.06 0.00 20,084.06

COMPTROLLER OF ACCOUNTS

17 Interest on Loans to Public Servants 6,200,000.00 5,089,245.04 1,110,754.96 0.00 21 Trinidad and Tobago Mortgage Finance Company Limited 6,300,000.00 6,871,076.59 0.00 571,076.59 50 Loan to Government of Dominica 400,000.00 0.00 400,000.00 0.00 52 Loan to Government of St Lucia 3,500,000.00 3,323,219.76 176,780.24 0.00 53 Loan to Government of Grenada 1,420,000.00 0.00 1,420,000.00 0.00 63 Loan to Government of Guyana 770,000.00 3,165,787.62 0.00 2,395,787.62 SUB-TOTAL 18,590,000.00 18,449,329.01 3,107,535.20 2,966,864.21

004 Interest on Swap Agreement - Six Fast Patrol Crafts 86,000.00 144,140.78 0.00 58,140.78 SUB-TOTAL 86,000.00 144,140.78 0.00 58,140.78 SUB-HEAD TOTAL 18,711,000.00 18,648,553.85 3,107,535.20 3,045,089.05

03 ROYALTIES

EN1 PERMANENT SECRETARY MINISTRY OF ENERGY AND ENERGY INDUSTRIES 001 Royalty on Oil and Gas (Chap. 62:01) 4,281,684,000.00 4,091,074,249.92 190,609,750.08 0.00 002 Asphalt or Pitch won from the Pitch Lake (Chap. 61:03) 136,000.00 56,950.00 79,050.00 0.00 003 Quarries, Sand and Gravel Pits (Chap. 61:03) 5,000,000.00 5,187,589.53 0.00 187,589.53 SUB-HEAD TOTAL 4,286,820,000.00 4,096,318,789.45 190,688,800.08 187,589.53

04 PROFITS FROM NON-FINANCIAL ENTERPRISES

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

DIVIDENDS AND SURPLUSES

001 National Lottery (Chap. 21:04) 200,000,000.00 272,231,984.00 0.00 72,231,984.00 002 Telecommunications Authority of Trinidad and Tobago (TATT) 30,900,000.00 28,943,659.00 1,956,341.00 0.00

SUB-TOTAL 230,900,000.00 301,175,643.00 1,956,341.00 72,231,984.00

111 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 06 (Cont'd)

04 PROFITS FROM NON-FINANCIAL ENTERPRISES

FN5 PERMANENT SECRETARY MINISTRY OF FINANCE (INVESTMENT DIVISION)

002 State Enterprises 1,500,000,000.00 514,348,642.30 985,651,357.70 0.00 003 CLICO Investment Fund 41,070,900.00 41,498,559.20 0.00 427,659.20

SUB-TOTAL 1,541,070,900.00 555,847,201.50 985,651,357.70 427,659.20 SUB-HEAD TOTAL 1,771,970,900.00 857,022,844.50 987,607,698.70 72,659,643.20

05 PROFITS FROM PUBLIC FINANCIAL INSTITUTIONS

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

INTEREST, DIVIDENDS AND SURPLUSES

001 Equity Profits - Central Bank (Chap. 79:02) 1,070,000,000.00 1,471,859,734.06 0.00 401,859,734.06 SUB-TOTAL 1,070,000,000.00 1,471,859,734.06 0.00 401,859,734.06

FN5 PERMANENT SECRETARY MINISTRY OF FINANCE (INVESTMENT DIVISION) 001 State Enterprises 1,022,462,000.00 989,868,000.00 32,594,000.00 0.00

SUB-TOTAL 1,022,462,000.00 989,868,000.00 32,594,000.00 0.00 SUB-HEAD TOTAL 2,092,462,000.00 2,461,727,734.06 32,594,000.00 401,859,734.06

06 OTHER PROPERTY INCOME

AL3 COMMISSIONER OF STATE LANDS MINISTRY Of AGRICULTURE, LAND AND FISHERIES (FORMERLY LM1 MINISTRY OF LAND AND MARINE RESOURCES)

001 Premia on Leases (Chap. 57:01) 2,700,000.00 350,000.00 2,350,000.00 0.00 004 Premia for variations of the User Clauses in Existing Leases (Chap. 57:01) 425,700.00 0.00 425,700.00 0.00

SUB-TOTAL 3,125,700.00 350,000.00 2,775,700.00 0.00

EN1 PERMANENT SECRETARY MINISTRY OF ENERGY AND ENERGY INDUSTRIES

001 Share of Profits from Oil Companies under Production Sharing Contract (Chap. 62:01) 800,000,000.00 0.00 800,000,000.00 0.00 002 Extraordinary Revenue from Oil and Gas Companies 0.00 1,863,526,047.45 0.00 1,863,526,047.45 SUB-TOTAL 800,000,000.00 1,863,526,047.45 800,000,000.00 1,863,526,047.45

HS1 PERMANENT SECRETARY MINISTRY OF HOUSING AND URBAN DEVELOPMENT

003 Shelter Construction Financing Facility 2,250,000.00 1,117,162.16 1,132,837.84 0.00 SUB-TOTAL 2,250,000.00 1,117,162.16 1,132,837.84 0.00 SUB-HEAD TOTAL 805,375,700.00 1,864,993,209.61 803,908,537.84 1,863,526,047.45

112 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 07 - OTHER NON-TAX REVENUE

01 Administrative Fees and Charges 537,429,250.00 596,309,498.10 0.00 58,880,248.10 02 Fines and Forfeitures 106,584,100.00 92,660,487.18 13,923,612.82 0.00 03 Pension Contributions 46,473,000.00 42,466,737.03 4,006,262.97 0.00 04 Non-Industrial Sales 21,135,000.00 25,582,414.94 0.00 4,447,414.94 06 Other (Miscellaneous) 315,442,000.00 607,180,023.64 0.00 291,738,023.64 TOTAL 1,027,063,350.00 1,364,199,160.89 17,929,875.79 355,065,686.68

01 ADMINISTRATIVE FEES AND CHARGES

PERMANENT SECRETARY AL1 MINISTRY OF AGRICULTURE, LAND AND FISHERIES

001 Fees - San Fernando Hill 220,000.00 49,220.00 170,780.00 0.00 002 Fees - Caroni Swamp 0.00 0.00 0.00 0.00 003 Agriculture - Examiner of Animals (Chap. 67:02) 9,000.00 2,178.75 6,821.25 0.00 004 Veterinary Officers' Fees (Chap. 67:04) 20,000.00 17,685.00 2,315.00 0.00 005 Dogs and Cats Quarantine Stn. Quarantine Fees (Chap. 67:02) 0.00 0.00 0.00 0.00 006 Laboratory Fees 85,000.00 42,810.00 42,190.00 0.00 007 Import Permits (Chap. 67:02) 120,000.00 115,520.00 4,480.00 0.00 008 Registration Fees - Praedial Larceny (Chap.10:03) 1,200.00 1,050.00 150.00 0.00 009 Export Permits (Chap. 67:02) 27,000.00 30,340.00 0.00 3,340.00 010 Horses Quarantine Station, Quarantine Fees (Chap. 67:02) 8,000.00 3,450.00 4,550.00 0.00 SUB-TOTAL 490,200.00 262,253.75 231,286.25 3,340.00

AL3 COMMISSIONER OF STATE LANDS MINISTRY Of AGRICULTURE, LAND AND FISHERIES (FORMERLY LM1 MINISTRY OF LAND AND MARINE RESOURCES)

001 Commissioner of State Lands Search Fees 0.00 0.00 0.00 0.00 002 Miscellaneous 12,000.00 470,200.00 0.00 458,200.00 003 Licence Fee for Land Reclamation (Chap. 57:01) 1,000.00 0.00 1,000.00 0.00 004 Preparation and Processing of Agreement and Leases (Chap. 57:01) 10,000.00 197,460.50 0.00 187,460.50 005 Processing of Reclamation and Jetty Licences (Chap. 57:01) 470,000.00 542,000.00 0.00 72,000.00 006 Approval of Building Plans on Lands subject to State Leases (Chap. 57:01) 2,000.00 2,750.00 0.00 750.00 007 Grant of Consent to Assign (Chap. 57:01) 90,000.00 414,861.99 0.00 324,861.99 SUB-TOTAL 585,000.00 1,627,272.49 1,000.00 1,043,272.49

AT4 CHIEF STATE SOLICITOR MINISTRY OF THE ATTORNEY GENERAL AND LEGAL AFFAIRS

001 State Solicitor 300,000.00 296,186.51 3,813.49 0.00 002 Administrator General (Chap. 9:01) 25,000.00 20,523.28 4,476.72 0.00 004 Public Trustee (Chap. 9:01) 6,500.00 9,188.26 0.00 2,688.26

SUB-TOTAL 331,500.00 325,898.05 8,290.21 2,688.26

113 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 07 (Cont'd) 01 ADMINISTRATIVE FEES AND CHARGES

AT6 REGISTRAR GENERAL MINISTRY OF THE ATTORNEY GENERAL AND LEGAL AFFAIRS (FORMERLY LA1 MINISTRY OF LEGAL AFFAIRS)

001 Registrar General (Chap. 19:03) 38,000,000.00 35,706,703.98 2,293,296.02 0.00 002 Application for Marriage Officers' Licence (Chap. 45:01) 6,000.00 3,600.00 2,400.00 0.00 003 Marriage Officers' Licence Fee (Chap. 45:01) 17,000.00 17,600.00 0.00 600.00 004 Renewal of Marriage Officers' Licence (Chap. 45:01) 12,000.00 13,100.00 0.00 1,100.00 SUB-TOTAL 38,035,000.00 35,741,003.98 2,295,696.02 1,700.00

AT7 CONTROLLER, INTELLECTUAL PROPERTY OFFICE MINISTRY OF THE ATTORNEY GENERAL AND LEGAL AFFAIRS (FORMERLY LA2 MINISTRY OF LEGAL AFFAIRS)

001 Intellectual Property Fees (Chap. 82:75 - Chap. 82:81) 6,000,000.00 5,200,515.00 799,485.00 0.00

SUB-TOTAL 6,000,000.00 5,200,515.00 799,485.00 0.00

CA1 PERMANENT SECRETARY MINISTRY OF COMMUNITY DEVELOPMENT, CULTURE AND THE ARTS

001 Fees - National Academy for the Performing Arts 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00

CM1 PERMANENT SECRETARY MINISTRY OF COMMUNICATIONS 003 Censor Cinematograph Film (Chap. 20:10) 40,000.00 35,724.00 4,276.00 0.00 (Formerly PA1 Ministry of Public Administration) SUB-TOTAL 40,000.00 35,724.00 4,276.00 0.00

EB1 CHIEF ELECTION OFFICER ELECTIONS AND BOUNDARIES COMMISSION

001 Fees for the replacement of Identification Cards (Chap. 2:01) 300,000.00 294,580.00 5,420.00 0.00 SUB-TOTAL 300,000.00 294,580.00 5,420.00 0.00

ED1 PERMANENT SECRETARY MINISTRY OF EDUCATION

004 External Examination - Local Fees for Candidates 200,000.00 163,599.00 36,401.00 0.00 006 Polytechnic Registration 3,000.00 0.00 3,000.00 0.00 007 Polytechnic Tuition 10,000.00 0.00 10,000.00 0.00 008 Polytechnic Laboratory 2,500.00 0.00 2,500.00 0.00 012 Registration of Teachers 12,000.00 11,025.00 975.00 0.00 013 Examination Fees not Elsewhere Classified 1,500,000.00 2,029,338.00 0.00 529,338.00 014 Sale of Dictionary of Occupational Titles 0.00 0.00 0.00 0.00 015 Fees - Certified Examinations Statements & Transcripts 3,000.00 1,155.00 1,845.00 0.00 016 Textbook Rental Programme - Fees 2,500.00 0.00 2,500.00 0.00 017 Examination - Fees 15,000.00 8,760.00 6,240.00 0.00 SUB-TOTAL 1,748,000.00 2,213,877.00 63,461.00 529,338.00

114 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 07 (Cont'd) 01 ADMINISTRATIVE FEES AND CHARGES

EN1 PERMANENT SECRETARY MINISTRY OF ENERGY AND ENERGY INDUSTRIES 001 Petroleum Testing Laboratory 0.00 0.00 0.00 0.00 002 Fees for Competitive Bidding - Petroleum (Chap. 62:01) 3,390,000.00 2,635,312.82 754,687.18 0.00 004 Oil Impost (Chap. 62:01, Sec. 72-74) 115,000,000.00 100,083,985.63 14,916,014.37 0.00 006 Signature Bonuses - Competitive Bidding (Chap. 62:01) 0.00 20,435,828.00 0.00 20,435,828.00 007 Application Fees - Exploration & Production Licences (Chap. 62:01) 500.00 0.00 500.00 0.00 008 Application Fees - Petrochemical Licences (Chap. 62:01) 0.00 0.00 0.00 0.00 009 Application Fees - Lease Operators (Chap. 62:01) 0.00 0.00 0.00 0.00 010 Fees for Competitive Bidding - Quarries (Chap. 61:03) 0.00 57,000.00 0.00 57,000.00 011 Application Fees - Bids for Wholesale Marketing Licences (Chap. 62:01) 0.00 0.00 0.00 0.00 013 Fees - Miscellaneous 4,500.00 2,100.00 2,400.00 0.00 014 Production Bonus - North Coast Marine Area 1 (NCMA1) 0.00 0.00 0.00 0.00 015 Production Bonuses - Other Companies (Chap. 62:01) 0.00 0.00 0.00 0.00 016 Bunkering Company Licence Fee (Ex-vessel and Ex-wharf) (Chap. 62:01) 27,200.00 174,419.80 0.00 147,219.80 017 Bunkering Vessel Inspection Fee (Ex-vessel) (Chap. 62:01) 6,800.00 0.00 6,800.00 0.00 018 Facility Inspection Fee (Ex-wharf) (Chap. 62:01) 6,800.00 0.00 6,800.00 0.00 019 Fees - Utility Scale Renewable Energy Projects 0.00 576,545.07 0.00 576,545.07 020 Fees - Request for Proposal (RFP) 0.00 212,786.68 0.00 212,786.68 SUB-TOTAL 118,435,800.00 124,177,978.00 15,687,201.55 21,429,379.55

ET1 REGISTRAR EQUAL OPPORTUNITY TRIBUNAL

001 Fees 9,000.00 3,786.00 5,214.00 0.00 SUB-TOTAL 9,000.00 3,786.00 5,214.00 0.00

FA1 PERMANENT SECRETARY MINISTRY OF FOREIGN AND CARICOM AFFAIRS

002 Diplomatic Mail Service Charge (Chap. 77:01) 2,500,000.00 2,343,914.17 156,085.83 0.00 SUB-TOTAL 2,500,000.00 2,343,914.17 156,085.83 0.00

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

001 Licence Fees - Financial Institutions other than Commercial Banks 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Cinematograph Arrangement Fee (Chap. 77:03 Sec. 10) 33,000.00 33,020.00 0.00 20.00 002 Warden's Search Fees 70,000.00 69,112.00 888.00 0.00 003 Pension Plan - Registration Fee (Chap. 84:01) 500.00 520.00 0.00 20.00 SUB-TOTAL 103,500.00 102,652.00 888.00 40.00

115 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 07 (Cont'd) 01 ADMINISTRATIVE FEES AND CHARGES

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE

001 Comptroller of Customs and Excise (Chap. 78:01) 10,000,000.00 10,308,455.58 0.00 308,455.58 002 Processing of Bills of Sight (Chap. 78:01) 40,000.00 47,557.57 0.00 7,557.57 003 Container Processing Fees (Chap. 78:01) 35,000,000.00 39,258,981.12 0.00 4,258,981.12 004 Customs Declaration Transaction User Fee (Chap. 78.01) 9,000,000.00 9,881,571.56 0.00 881,571.56

SUB-TOTAL 54,040,000.00 59,496,565.83 0.00 5,456,565.83

FN7 SUPERVISOR OF INSOLVENCY OFFICE OF THE SUPERVISOR OF INSOLVENCY

001 Fees for Licences and Other Services under the Bankruptcy and Insolvency Act, No. 26 of 2007 2,700,000.00 23,250.00 2,676,750.00 0.00 SUB-TOTAL 2,700,000.00 23,250.00 2,676,750.00 0.00

HE1 PERMANENT SECRETARY MINISTRY OF HEALTH 003 Chemist (Chap. 30:01) and (Chap. 30:03) 320,000.00 566,985.00 0.00 246,985.00 009 Public Health Inspectors Overtime Allowances 0.00 28,875.00 0.00 28,875.00 SUB-TOTAL 320,000.00 595,860.00 0.00 275,860.00

IC2 REGISTRAR INTEGRITY COMMISSION

001 Legal Judgements in favour of the Integrity Commission 20,000.00 69,700.00 0.00 49,700.00 SUB-TOTAL 20,000.00 69,700.00 0.00 49,700.00

LE1 PERMANENT SECRETARY MINISTRY OF LABOUR AND SMALL ENTERPRISE DEVELOPMENT

001 Registrar, Trade Unions (Chap. 88:02) 50.00 15.00 35.00 0.00 002 Commissioner of Co-operatives (Chap. 81:03) 50.00 10.00 40.00 0.00 003 Registrar, Friendly Societies (Chap. 32:50) 100.00 106,625.05 0.00 106,525.05 SUB-TOTAL 200.00 106,650.05 75.00 106,525.05

MJ1 CHIEF MAGISTRATE MAGISTRACY - JUDICIARY

001 District and Petty Civil Courts (Chap. 4:21) 35,000.00 58,131.25 0.00 23,131.25 002 Magistrates' Courts (Chap. 4:20) 115,000.00 98,149.03 16,850.97 0.00 003 Liquor Licences - Application Fees (Chap. 84:10) 50,000.00 45,662.00 4,338.00 0.00 004 Magistrates' Notes of Evidence (Chap. 4:20) 190,000.00 173,733.00 16,267.00 0.00 SUB-TOTAL 390,000.00 375,675.28 37,455.97 23,131.25

116 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 07 (Cont'd) 01 ADMINISTRATIVE FEES AND CHARGES

NS1 PERMANENT SECRETARY MINISTRY OF NATIONAL SECURITY

001 Naturalisation Certificates (Chap. 1:50) 1,500.00 4,420.00 0.00 2,920.00 002 Registration as a Citizen (Chap. 1:50) 55,000.00 40,795.89 14,204.11 0.00 003 Work Permits - Application Fees (Chap. 18:01) 2,800,000.00 2,360,150.00 439,850.00 0.00 004 Work Permits - Duration Fees (Chap. 18:01) 18,000,000.00 17,502,475.00 497,525.00 0.00 005 Travelling Salesmen - Permit Fees (Chap. 18:01) 0.00 0.00 0.00 0.00 006 Certificate of Residence (Chap. 18:01) 150,000.00 109,500.00 40,500.00 0.00 007 Trinidad and Tobago Forensic Science Centre-Fees for Services (Chap. 7:02) 50,000.00 15,125.00 34,875.00 0.00 008 Overseas Missionary Permits (Chap. 18:01) 60,000.00 63,000.00 0.00 3,000.00 SUB-TOTAL 21,116,500.00 20,095,465.89 1,026,954.11 5,920.00

NS2 CHIEF IMMIGRATION OFFICER MINISTRY OF NATIONAL SECURITY

001 Passport and Permit Fees (Chap. 18:01) 40,000,000.00 44,077,438.92 0.00 4,077,438.92 002 Immigration - Boarding and Clearing Fees (Chap. 18:01) 1,300,000.00 1,217,150.00 82,850.00 0.00 005 Restoration of Citizenship - Application Fees (Chap. 1:50) 3,000.00 7,382.72 0.00 4,382.72 006 Restoration of Citizenship - Certificate Fees (Chap. 1:50) 18,000.00 37,113.27 0.00 19,113.27 007 Issue of Letters confirming Citizenship or Residence (Chap. 18:01) 160,000.00 160,342.52 0.00 342.52 SUB-TOTAL 41,481,000.00 45,499,427.43 82,850.00 4,101,277.43

NS3 COMMISSIONER OF POLICE TRINIDAD AND TOBAGO POLICE SERVICE

001 Clothing and Powder Cart 1,500.00 3,000.00 0.00 1,500.00 003 Miscellaneous 10,000,000.00 10,142,514.21 0.00 142,514.21 004 Fees for lodgement of firearms (Chap. 16:01) 110,000.00 94,940.00 15,060.00 0.00 SUB-TOTAL 10,111,500.00 10,240,454.21 15,060.00 144,014.21

NS4 CHIEF FIRE OFFICER MINISTRY OF NATIONAL SECURITY

001 Special Services (Chap. 35:50) 620,000.00 684,839.65 0.00 64,839.65 SUB-TOTAL 620,000.00 684,839.65 0.00 64,839.65

PA1 PERMANENT SECRETARY MINISTRY OF PUBLIC ADMINISTRATION 001 Censor Cinematagraph Film (Chap. 20:10) 0.00 0.00 0.00 0.00 (Transferred to Ministry of Communications) SUB-TOTAL 0.00 0.00 0.00 0.00

PL2 DIRECTOR OF STATISTICS MINISTRY OF PLANNING AND DEVELOPMENT 001 Supply of Statistical Information (Chap. 19:02) 0.00 0.00 0.00 0.00 002 Computer Service (C.S.O.) (Chap. 19:02) 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00

117 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 07 (Cont'd) 01 ADMINISTRATIVE FEES AND CHARGES

PU1 PERMANENT SECRETARY MINISTRY OF PUBLIC UTILITIES

004 Government Electrical Inspector's Fees (Chap. 54:72) 4,800,000.00 4,631,670.00 168,330.00 0.00 005 Specialized Services - Meteorological Services Division 25,000.00 27,345.00 0.00 2,345.00 006 Water Improvement Rates (Chap. 54:41) 230,000,000.00 251,137,795.39 0.00 21,137,795.39 SUB-TOTAL 234,825,000.00 255,796,810.39 168,330.00 21,140,140.39

SC1 DIRECTOR OF PERSONNEL ADMINISTRATION SERVICE COMMISSIONS DEPARTMENT

001 Civil Service Entrance Examination Fees (Chap. 23:01) 200,000.00 117,600.00 82,400.00 0.00 002 Fees for copies of judgement orders by the Police Service Commission (Chap. 01:01) 0.00 40,030.00 0.00 40,030.00

SUB-TOTAL 200,000.00 157,630.00 82,400.00 40,030.00

SD1 PERMANENT SECRETARY MINISTRY OF SOCIAL DEVELOPMENT AND FAMILY SERVICES 001 Adult Classes 50.00 10.50 39.50 0.00 SUB-TOTAL 50.00 10.50 39.50 0.00

SJ1 REGISTRAR SUPREME COURT - JUDICIARY

001 Registrar, Supreme Court (Chap. 4:01) 2,200,000.00 2,260,830.19 0.00 60,830.19 002 Commissioner, Workman's Compensation Ordinance (Chap. 88:05) 2,000.00 4,587.75 0.00 2,587.75 003 Notaries Public Registration Fees (Chap. 6:51) 2,000.00 3,000.00 0.00 1,000.00 004 Marshal (Chap. 4:01) 3,000.00 2,210.00 790.00 0.00 SUB-TOTAL 2,207,000.00 2,270,627.94 790.00 64,417.94

SP1 PERMANENT SECRETARY MINISTRY OF SPORT AND YOUTH AFFAIRS 001 Community Swimming Pools 200,000.00 129,169.86 70,830.14 0.00 SUB-TOTAL 200,000.00 129,169.86 70,830.14 0.00

TA1 REGISTRAR TAX APPEAL BOARD 001 Appeal Board 5,000.00 264.00 4,736.00 0.00 SUB-TOTAL 5,000.00 264.00 4,736.00 0.00

WT2 TRANSPORT COMMISSIONER MINISTRY OF WORKS AND TRANSPORT (FORMERLY TP 2 MINISTRY OF TRANSPORT)

001 Weighbridge Fees (Chap. 48:50) 520,000.00 466,500.00 53,500.00 0.00 002 Miscellaneous 0.00 0.00 0.00 0.00 003 Registration Fee for Testing Station (Chap. 48:50) 2,000.00 48,000.00 0.00 46,000.00 004 Renewal Fee for Testing Station (Chap. 48:50) 30,000.00 28,000.00 2,000.00 0.00 005 Examiner Certificate Fee (Chap. 48:50) 8,000.00 16,500.00 0.00 8,500.00 006 Renewal of Examiner Certificate Fee (Chap. 48:50) 5,000.00 17,100.00 0.00 12,100.00 SUB-TOTAL 565,000.00 576,100.00 55,500.00 66,600.00

118 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 07 (Cont'd) 01 ADMINISTRATIVE FEES AND CHARGES

WT3 DIRECTOR MARITIME SERVICES MINISTRY OF WORKS AND TRANSPORT (FORMERLY TP3 MINISTRY OF TRANSPORT)

001 Shipping Office Fees (Chap. 50:10) 50,000.00 22,400.00 27,600.00 0.00 002 Vessel Lay-Up Fees 0.00 27,655,924.07 0.00 27,655,924.07 003 Transshipment Activities Fees 0.00 183,218.56 0.00 183,218.56 SUB-TOTAL 50,000.00 27,861,542.63 27,600.00 27,839,142.63 SUB-HEAD TOTAL 537,429,250.00 596,309,498.10 23,507,674.58 82,387,922.68

02 FINES AND FORTEITURES

CM1 PERMANENT SECRETARY MINISTRY OF COMMUNICATIONS 001 Penalites and Fines - National Library and Information Services (NALIS) Formerly Central 15,000.00 0.00 15,000.00 0.00 Library (Formerly PA1 Ministry of Public Administration) SUB-TOTAL 15,000.00 0.00 15,000.00 0.00

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

001 Fines and Penalties under the Financial Institutions Act No. 26 of 2008 (Chap. 79:09) 100,000.00 994,333.96 0.00 894,333.96 SUB-TOTAL 100,000.00 994,333.96 0.00 894,333.96

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE

001 Fines and Seizures (Chap. 78:50) (Chap. 78:01) 4,300,000.00 4,945,416.81 0.00 645,416.81 SUB-TOTAL 4,300,000.00 4,945,416.81 0.00 645,416.81

FN6 PERMANENT SECRETARY MINISTRY OF FINANCE

001 Penalties - Securities and Exchange Commission (Chap. 83:02) 1,200,000.00 9,752,540.00 0.00 8,552,540.00 SUB-TOTAL 1,200,000.00 9,752,540.00 0.00 8,552,540.00

IC1 REGISTRAR INDUSTRIAL COURT 001 Fines (Chap. 88:01) 300,000.00 286,500.00 13,500.00 0.00 SUB-TOTAL 300,000.00 286,500.00 13,500.00 0.00

MJ1 CHIEF MAGISTRATE MAGISTRACY - JUDICIARY

001 Magistrates' Courts (Chap. 4:20) 30,000,000.00 23,694,451.05 6,305,548.95 0.00 002 Petty Civil Courts (Chap. 4:21) 100.00 666.00 0.00 566.00 003 Poundage Fees (Chap. 67:03) 4,000.00 5,250.00 0.00 1,250.00 004 Miscellaneous 300,000.00 25,300.00 274,700.00 0.00 005 Motor Vehicle and Road Traffic (Fixed Penalty) 64,000,000.00 47,299,970.00 16,700,030.00 0.00 (Amendment) Regulations, 1984 (Ticket System) (Chap. 48:52) SUB-TOTAL 94,304,100.00 71,025,637.05 23,280,278.95 1,816.00

119 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 07 (Cont'd) 02 FINES AND FORTEITURES

NS2 CHIEF IMMIGRATION OFFICER MINISTRY OF NATIONAL SECURITY

001 Fines (Chap. 18:01) 2,000.00 35,000.00 0.00 33,000.00 SUB-TOTAL 2,000.00 35,000.00 0.00 33,000.00

NS4 CHIEF FIRE OFFICER MINISTRY OF NATIONAL SECURITY

001 Fines (Chap. 35:50) 0.00 26,072.52 0.00 26,072.52 SUB-TOTAL 0.00 26,072.52 0.00 26,072.52

NS5 COMMISSIONER OF PRISONS MINISTRY OF NATIONAL SECURITY (FORMERLY JT1 MINISTRY OF JUSTICE) 001 Fines (Chap. 13:01) 3,000.00 1,686.50 1,313.50 0.00 SUB-TOTAL 3,000.00 1,686.50 1,313.50 0.00 PA1 PERMANENT SECRETARY MINISTRY OF PUBLIC ADMINISTRATION 001 Penalties and Fines - National Library and Information Services (NALIS) Formerly Central Library 0.00 0.00 0.00 0.00 (Transferred to CM1 Ministry of Communications) SUB-TOTAL 0.00 0.00 0.00 0.00

SC1 DIRECTOR OF PERSONNEL ADMINISTRATION SERVICE COMMISSIONS DEPARTMENT 001 Fines (Chap. 1:01) 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00 SJ1 REGISTRAR SUPREME COURT - JUDICIARY

001 Supreme Court (Chap. 4:01) 260,000.00 180,482.60 79,517.40 0.00 002 Poundage Fees (Chap. 4:01) 150,000.00 74,217.74 75,782.26 0.00 SUB-TOTAL 410,000.00 254,700.34 155,299.66 0.00 WT2 TRANSPORT COMMISSIONER MINISTRY OF WORKS AND TRANSPORT (FORMERLY TP2 MINISTRY OF TRANSPORT)

001 Fines - Late Registration of Transfer (Used Motor Vehicles) (Chap. 48:50) 50,000.00 60,600.00 0.00 10,600.00 002 Penalty - Late Renewal of Driving Permits (Chap. 48:50) 5,900,000.00 5,278,000.00 622,000.00 0.00 SUB-TOTAL 5,950,000.00 5,338,600.00 622,000.00 10,600.00 SUB-HEAD TOTAL 106,584,100.00 92,660,487.18 24,087,392.11 10,163,779.29 03 PENSION CONTRIBUTIONS

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

001 Contributions to Widows' and Orphans' Pension Scheme (Chap. 23:54) 700,000.00 526,256.31 173,743.69 0.00 002 Police Service - Contribution to Superannuation Fund (Chap. 23:52) 8,000,000.00 3,937,659.56 4,062,340.44 0.00 003 Fire Services - Contribution to Superannuation Fund (Chap. 23:52) 3,500,000.00 2,322,993.87 1,177,006.13 0.00 CARRIED FORWARD 12,200,000.00 6,786,909.74 5,413,090.26 0.00

120 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 07 (Cont'd) 03 PENSION CONTRIBUTIONS BROUGHT FORWARD 12,200,000.00 6,786,909.74 5,413,090.26 0.00 005 Trinidad and Tobago Defence Force - Contribution to Superannuation Fund (Chap. 23:52) 28,500,000.00 30,517,603.55 0.00 2,017,603.55 006 Members of Parliament 1,000,000.00 970,335.49 29,664.51 0.00 007 Heads of Missions (Chap. 17:04) 223,000.00 289,963.20 0.00 66,963.20 008 Officers on Secondment (Chap. 23:52) 02 University of the West Indies 50,000.00 24,466.40 25,533.60 0.00 11 Trinidad and Tobago Bureau of Standards 0.00 0.00 0.00 0.00 12 Legal Aid and Advisory Authority 0.00 0.00 0.00 0.00 16 Airports Authority of Trinidad and Tobago 0.00 0.00 0.00 0.00 20 National Institute of Higher Education Research Science and Technology (NIHERST) 0.00 0.00 0.00 0.00 23 Public Services Association 0.00 0.00 0.00 0.00 33 Trinidad and Tobago Securities and Exchange Commission 0.00 0.00 0.00 0.00 34 Trinidad and Tobago Industrial Development Corporation (TIDCO) 0.00 0.00 0.00 0.00 35 National Agricultural Marketing and Development Corporation (NAMDEVCO) 0.00 0.00 0.00 0.00 37 College of Science Technology and Applied Arts of Trinidad and Tobago 0.00 187,884.89 0.00 187,884.89 39 Telecommunications Authority of Trinidad and Tobago 0.00 0.00 0.00 0.00 40 University of Trinidad and Tobago (UTT) 0.00 0.00 0.00 0.00 SUB-TOTAL 41,973,000.00 38,777,163.27 5,468,288.37 2,272,451.64 009 Prison Service - Contribution to Superannuation Fund (Chap. 13:02) 4,500,000.00 3,689,573.76 810,426.24 0.00 SUB-TOTAL 4,500,000.00 3,689,573.76 810,426.24 0.00 SUB-HEAD TOTAL 46,473,000.00 42,466,737.03 6,278,714.61 2,272,451.64

04 NON-INDUSTRIAL SALES AL1 PERMANENT SECRETARY MINISTRY OF AGRICULTURE, LAND AND FISHERIES 001 Sale of Plants and Produce 01 St. Augustine Station 1,200,000.00 946,883.75 253,116.25 0.00 02 La Reunion Station 600,000.00 609,665.00 0.00 9,665.00 04 Marper Farm 600,000.00 194,076.15 405,923.85 0.00 004 Central Experimental Station 500,000.00 181,651.80 318,348.20 0.00 005 Extension Services Division 90,000.00 82,834.95 7,165.05 0.00 006 St. Joseph Farm - Trinidad 500,000.00 425,631.26 74,368.74 0.00 009 Sale of Apiary Products 15,000.00 9,525.00 5,475.00 0.00 010 Chaguaramas Estate 2,000.00 970.00 1,030.00 0.00 012 Chaguaramas Agricultural Development Project 60,000.00 90,170.30 0.00 30,170.30 016 Sale of Drugs 75,000.00 45,193.00 29,807.00 0.00 018 Hillside Station (St. Michael Estate) 3,000.00 1,935.00 1,065.00 0.00 021 La Pastora Station (Horticulture Division) 500,000.00 413,798.90 86,201.10 0.00 023 Forests - Miscellaneous 90,000.00 61,337.80 28,662.20 0.00 024 Forests - Sale of Timber and Produce 8,000,000.00 4,922,931.33 3,077,068.67 0.00 SUB-TOTAL 12,235,000.00 7,986,604.24 4,288,231.06 39,835.30 AL2 DIRECTOR OF SURVEYS MINISTRY OF AGRICULTURE, LAND AND FISHERIES (FORMERLY LM2 MINISTRY OF LAND AND MARINE RESOURCES) 001 Hydrographic Unit - Sale of Nautical Documents (Chap. 58:04) 3,500.00 1,895.00 1,605.00 0.00 002 Surveys - Sale of Maps, casdastral information and other related documents (Chap. 58:04) 60,000.00 66,277.00 0.00 6,277.00 003 Sale of Survey Control information (Chap. 58:04) 9,500.00 18,917.50 0.00 9,417.50 004 Sale of Digital Products (Chap. 58:04) 60,000.00 42,888.00 17,112.00 0.00 SUB-TOTAL 133,000.00 129,977.50 18,717.00 15,694.50

121 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 07 (Cont'd) 04 NON-INDUSTRIAL SALES

AT5 PERMANENT SECRETARY MINISTRY OF THE ATTORNEY GENERAL AND LEGAL AFFAIRS (FORMERLY LA3 MINISTRY OF LEGAL AFFAIRS) 001 Sale of Publications (Chap. 3:02) 60,000.00 52,200.00 7,800.00 0.00 SUB-TOTAL 60,000.00 52,200.00 7,800.00 0.00

CA1 PERMANENT SECRETARY MINISTRY OF COMMUNITY DEVELOPMENT, CULTURE AND THE ARTS 001 Sale of Goods 3,000.00 750.00 2,250.00 0.00 002 National Cultural Council - Sale of Literature 0.00 0.00 0.00 0.00 SUB-TOTAL 3,000.00 750.00 2,250.00 0.00 CM1 PERMANENT SECRETARY MINISTRY OF COMMUNICATIONS

001 Priniting and Stationery 200,000.00 273,071.17 0.00 73,071.17 (Formerly PA1 Ministry of Public Administration) SUB-TOTAL 200,000.00 273,071.17 0.00 73,071.17 EB1 CHIEF ELECTION OFFICER ELECTIONS AND BOUNDARIES COMMISSION 001 Electoral - Sale of Lists (Chap. 2:01) 15,000.00 39,833.00 0.00 24,833.00 002 Electoral - Sale of I.D. Cards and Loss of Original (Chap. 2:01) 0.00 0.00 0.00 0.00 003 Electoral - Sale of Maps (Chap. 2:01) 10,000.00 15,842.00 0.00 5,842.00 004 Electoral - Sale of Reports (Chap. 2:01) 2,000.00 3,020.00 0.00 1,020.00 SUB-TOTAL 27,000.00 58,695.00 0.00 31,695.00 EN1 PERMANENT SECRETARY MINISTRY OF ENERGY AND ENERGY INDUSTRIES

001 Sale of Reports and Maps 200,000.00 1,598,349.44 0.00 1,398,349.44 SUB-TOTAL 200,000.00 1,598,349.44 0.00 1,398,349.44 FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

SALE OF GOVERNMENT STORES AND OTHER PROPERTY 001 Sale of obsolete, redundant and unserviceable Government Stores and Property (Chap. 71:91) 3,000,000.00 1,398,597.78 1,601,402.22 0.00 SUB-TOTAL 3,000,000.00 1,398,597.78 1,601,402.22 0.00

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE

001 Sale of Spirits Stock Books (Chap. 84:10) 7,000.00 5,600.00 1,400.00 0.00 002 Sale of Certificate Books (Spirit Removal) (Chap. 84:10) 70,000.00 176,612.00 0.00 106,612.00 003 Sale of Certificate Books (Petrol Removal) (Chap. 78:50) 50,000.00 35,300.00 14,700.00 0.00 004 Sale of Goods 250,000.00 35.97 249,964.03 0.00 SUB-TOTAL 377,000.00 217,547.97 266,064.03 106,612.00

HE1 PERMANENT SECRETARY MINISTRY OF HEALTH 003 Sale of Stores 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00

122 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 07 (Cont'd) 04 NON-INDUSTRIAL SALES

IC1 REGISTRAR INDUSTRIAL COURT 001 Sale of Publications 200,000.00 274,781.25 0.00 74,781.25 SUB-TOTAL 200,000.00 274,781.25 0.00 74,781.25

NS5 COMMISSIONER OF PRISONS MINISTRY OF NATIONAL SECURITY (FORMERLY JT1 MINISTRY OF JUSTICE) 001 Prison Industries 100,000.00 51,925.00 48,075.00 0.00 SUB-TOTAL 100,000.00 51,925.00 48,075.00 0.00 PA1 PERMANENT SECRETARY MINISTRY OF PUBLIC ADMINISTRATION 001 Printing and Stationery 0.00 (6,276.67) 6,276.67 0.00 (Transferred to CM1 Ministry of Communications) SUB-TOTAL 0.00 (6,276.67) 6,276.67 0.00

SJ1 REGISTRAR SUPREME COURT - JUDICIARY

001 Sale of Annual Index 250,000.00 125,660.76 124,339.24 0.00 SUB-TOTAL 250,000.00 125,660.76 124,339.24 0.00

SP1 PERMANENT SECRETARY MINISTRY OF SPORT AND YOUTH AFFAIRS

001 Persto Praesto Estate - Sale of Produce 15,000.00 3,646.00 11,354.00 0.00 002 Chatham Youth Camp 15,000.00 1,655.50 13,344.50 0.00 SUB-TOTAL 30,000.00 5,301.50 24,698.50 0.00

TA1 REGISTRAR TAX APPEAL BOARD

001 Sale of Publications 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00

WT2 TRANSPORT COMMISSIONER MINISTRY OF WORKS AND TRANSPORT (FORMERLY TP2 MINISTRY OF TRANSPORT) 002 Sale of Inspection Stickers (Chap. 48:50) 4,200,000.00 13,291,500.00 0.00 9,091,500.00 SUB-TOTAL 4,200,000.00 13,291,500.00 0.00 9,091,500.00

WT3 DIRECTOR MARITIME SERVICES MINISTRY OF WORKS AND TRANSPORT (FORMERLY TP3 MINISTRY OF TRANSPORT)

001 Sale of Records 120,000.00 123,730.00 0.00 3,730.00 002 Navigational Aids 0.00 0.00 0.00 0.00 SUB-TOTAL 120,000.00 123,730.00 0.00 3,730.00 SUB-HEAD TOTAL 21,135,000.00 25,582,414.94 6,387,853.72 10,835,268.66

123 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

HEAD 07 (Cont'd)

06 OTHER (MISCELLANEOUS)

AG1 DEPUTY AUDITOR GENERAL AUDITOR GENERAL DEPARTMENT

CONTRIBUTION FOR AUDIT ACCOUNTS

001 Port-of-Spain Corporation 0.00 0.00 0.00 0.00 002 San Fernando Corporation 0.00 36,086.35 0.00 36,086.35 003 Arima Borough Corporation 0.00 0.00 0.00 0.00 004 Point Fortin Borough Corporation 0.00 0.00 0.00 0.00 005 Agricultural Development Bank 0.00 234,490.32 0.00 234,490.32 006 Regional Corporations 330,000.00 158,682.70 171,317.30 0.00 008 Public Transport Service Corporation 0.00 257,265.25 0.00 257,265.25 009 Other Authorities 1,700,000.00 1,917,827.82 0.00 217,827.82 010 Chaguanas Borough Corporation 0.00 90,534.45 0.00 90,534.45 SUB-TOTAL 2,030,000.00 2,694,886.89 171,317.30 836,204.19

AT4 CHIEF STATE SOLICITOR MINISTRY OF THE ATTORNEY GENERAL AND LEGAL AFFAIRS

001 Recovery of Cost 400,000.00 703,953.41 0.00 303,953.41 SUB-TOTAL 400,000.00 703,953.41 0.00 303,953.41

CA1 PERMANENT SECRETARY MINISTRY OF COMMUNITY DEVELOPMENT, CULTURE AND THE ARTS

002 Proceeds from Best Village 100,000.00 0.00 100,000.00 0.00 SUB-TOTAL 100,000.00 0.00 100,000.00 0.00

ED1 PERMANENT SECRETARY MINISTRY OF EDUCATION

001 Recoveries of Expenses from Government Scholars 8,700,000.00 9,706,643.63 0.00 1,006,643.63 SUB-TOTAL 8,700,000.00 9,706,643.63 0.00 1,006,643.63

EN1 PERMANENT SECRETARY MINISTRY OF ENERGY AND ENERGY INDUSTRIES

001 Seismographic Surveys 1,600,000.00 10,851,334.20 0.00 9,251,334.20 002 Surplus Income from the Sale of Petroleum Products (Chap. 62:02) 18,000,000.00 78,574,955.07 0.00 60,574,955.07 SUB-TOTAL 19,600,000.00 89,426,289.27 0.00 69,826,289.27

FA1 PERMANENT SECRETARY MINISTRY OF FOREIGN AND CARICOM AFFAIRS

001 Contribution of Overseas Staff towards the Cost of Living Accommodation (Chap. 23:01) 800,000.00 661,253.67 138,746.33 0.00 SUB-TOTAL 800,000.00 661,253.67 138,746.33 0.00

124 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 07 (Cont'd) 06 OTHER (MISCELLANEOUS)

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

001 Gain on Sale of Investments 1,000.00 22,379.22 0.00 21,379.22 002 Recoveries of Overpayments relating to previous years (Chap. 69:01) 45,000,000.00 42,432,457.22 2,567,542.78 0.00 005 Life Insurance Companies Salary Deduction Plan 520,000.00 523,027.44 0.00 3,027.44 008 Telephone, Telegram and Cablegram Charges 1,000.00 77,273.69 0.00 76,273.69 009 Government Vehicles Insurance Fund 700,000.00 89,313.28 610,686.72 0.00 010 Sundry 1,000,000.00 195,487,309.12 0.00 194,487,309.12 011 Unclaimed Deposits 15,000,000.00 1,844,992.69 13,155,007.31 0.00 012 In-operative Accounts at Commercial Banks (Chap.79:09) 14,000,000.00 21,344,260.14 0.00 7,344,260.14 016 Fees - Payment for the use of Caption - "Brokers to the 0.00 0.00 0.00 0.00 Government of Trinidad and Tobago" 020 Gain on Treasury Bills 0.00 0.00 0.00 0.00 023 Net Settlement on Swap Transaction - Loan - Citibank N.A. 200,000,000.00 217,354,680.03 0.00 17,354,680.03 025 Recovery of Expenses - Items issued to Public Officers for personal use 80,000.00 99,486.64 0.00 19,486.64 026 Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) 0.00 17,162,709.39 0.00 17,162,709.39 027 Withdrawal, Redemption, Demonetization of One Cent Coins 0.00 0.00 0.00 0.00 SUB-TOTAL 276,302,000.00 496,437,888.86 16,333,236.81 236,469,125.67

FN3 COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY OF FINANCE

001 Excise Warehouse (Chap. 78:50) 150,000.00 507,490.01 0.00 357,490.01 SUB-TOTAL 150,000.00 507,490.01 0.00 357,490.01

NS2 CHIEF IMMIGRATION OFFICER MINISTRY OF NATIONAL SECURITY

001 Refund of Repatriation Expenses (Chap. 18:01) 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00 PA1 PERMANENT SECRETARY MINISTRY OF PUBLIC ADMINISTRATION 001 Recoveries of Expenses from Government Scholars 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 0.00 0.00 0.00

PL1 PERMANENT SECRETARY MINISTRY OF PLANNING AND DEVELOPMENT

003 Damages and Recovery of Cost - Environmental Management Authority (Chap. 35:05) 150,000.00 148,386.90 1,613.10 0.00 SUB-TOTAL 150,000.00 148,386.90 1,613.10 0.00

WT3 DIRECTOR MARITIME SERVICES MINISTRY OF WORKS AND TRANSPORT (FORMERLY TP3 MINISTRY OF TRANSPORT) 001 Overtime to Maritime Services Division 40,000.00 34,165.00 5,835.00 0.00 002 Navigational Aids Dues (Formerly Operation and Maintenance of Navigational Aids) (Chap. 50:10) 7,100,000.00 6,802,396.55 297,603.45 0.00 003 Surveys and Examinations (Chap. 50:08) 70,000.00 56,669.45 13,330.55 0.00 SUB-TOTAL 7,210,000.00 6,893,231.00 316,769.00 0.00 SUB-HEAD TOTAL 315,442,000.00 607,180,023.64 17,061,682.54 308,799,706.18

125 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 08 - REPAYMENT OF PAST LENDING 03 Repayment of Loans by Public Enterprises 145,112,500.00 1,343,019,543.41 0.00 1,197,907,043.41 04 Repayment of Loans by Other Enterprises 0.00 0.00 0.00 0.00 06 Repayment of Other Loans 22,370,000.00 23,930,764.73 0.00 1,560,764.73 07 Repayment of International Loans 0.00 0.00 0.00 0.00 TOTAL 167,482,500.00 1,366,950,308.14 0.00 1,199,467,808.14

03 REPAYMENT OF LOANS BY PUBLIC ENTERPRISES FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

002 Trinidad and Tobago Mortgage Finance Company Limited 138,812,500.00 138,812,504.29 0.00 4.29 023 PETROTRIN - Energy Sector Loan 0.00 1,200,000,000.00 0.00 1,200,000,000.00 028 Trinidad Generation Unlimited 0.00 0.00 0.00 0.00 SUB-TOTAL 138,812,500.00 1,338,812,504.29 0.00 1,200,000,004.29 HS1 PERMANENT SECRETARY MINISTRY OF HOUSING AND URBAN DEVELOPMENT 003 Shelter Construction Financing Facility 6,300,000.00 4,207,039.12 2,092,960.88 0.00 SUB-TOTAL 6,300,000.00 4,207,039.12 2,092,960.88 0.00 SUB-HEAD TOTAL 145,112,500.00 1,343,019,543.41 2,092,960.88 1,200,000,004.29 06 REPAYMENT OF OTHER LOANS

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 011 Government of St Lucia 6,700,000.00 6,776,800.00 0.00 76,800.00 012 Government of Grenada 6,170,000.00 0.00 6,170,000.00 0.00 013 Government of St. Vincent 0.00 0.00 0.00 0.00 014 Government of Guyana 9,500,000.00 17,153,964.73 - 7,653,964.73 SUB-TOTAL 22,370,000.00 23,930,764.73 6,170,000.00 7,730,764.73 SUB-HEAD TOTAL 22,370,000.00 23,930,764.73 6,170,000.00 7,730,764.73 HEAD 09 - CAPITAL REVENUE 02 Sale of Assets 1,575,000.00 856,273,023.87 0.00 854,698,023.87 07 Unspent Balances Statutory Boards & Similar Bodies 7,000,000.00 3,829,858.44 3,170,141.56 0.00 09 Grants 521,000.00 6,978,946.95 0.00 6,457,946.95 10 Extraordinary 3,000,000,000.00 18,622,864.77 2,981,377,135.23 0.00 11 Transfers from Student Revolving Loan Fund 0.00 0.00 0.00 0.00 12 Transfers from Funds 0.00 94,078,326.77 0.00 94,078,326.77 TOTAL 3,009,096,000.00 979,783,020.80 2,984,547,276.79 955,234,297.59

02 SALE OF ASSETS AL3 COMMISSIONER OF STATE LANDS MINISTRY OF AGRICULTURE, LAND AND FISHERIES (FORMERLY LM1 MINISTRY OF LAND AND MARINE RESOURCES)

001 Sale of Lands, Formerly owned by Caroni (1975) Ltd 1,500,000.00 909,612.01 590,387.99 0.00 SUB-TOTAL 1,500,000.00 909,612.01 590,387.99 0.00 FN5 PERMANENT SECRETARY MINISTRY OF FINANCE (INVESTMENT DIVISION) 001 Sale of shares in Methanol Holding International Limited (MHIL) 0.00 0.00 0.00 0.00 002 Sale of Other Assets 0.00 855,363,411.86 0.00 855,363,411.86 SUB-TOTAL 0.00 855,363,411.86 0.00 855,363,411.86

126 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢ HEAD 09 (Cont'd) 02 SALE OF ASSETS PA1 PERMANENT SECRETARY MINISTRY OF PUBLIC ADMINISTRATION

001 Sale of Government Buildings 0.00 0.00 0.00 0.00 002 Sale of Quarters of former Defence Officers - Diamond Vale 75,000.00 0.00 75,000.00 0.00 SUB-TOTAL 75,000.00 0.00 75,000.00 0.00 SUB-HEAD TOTAL 1,575,000.00 856,273,023.87 665,387.99 855,363,411.86

07 UNSPENT BALANCES STATUTORY BOARDS AND SIMILAR BODIES

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

001 Unspent Balances Statutory Boards and Similar Bodies 7,000,000.00 3,829,858.44 3,170,141.56 0.00 SUB-TOTAL 7,000,000.00 3,829,858.44 3,170,141.56 0.00 SUB-HEAD TOTAL 7,000,000.00 3,829,858.44 3,170,141.56 0.00 09 GRANTS

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 001 Grants 521,000.00 6,978,946.95 0.00 6,457,946.95 SUB-TOTAL 521,000.00 6,978,946.95 0.00 6,457,946.95 SUB-HEAD TOTAL 521,000.00 6,978,946.95 0.00 6,457,946.95

10 EXTRAORDINARY

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 010 Extraordinary Receipts 3,000,000,000.00 0.00 3,000,000,000.00 0.00 011 Residual Balance from the Bank Account of the Former SAUTT 0.00 0.00 0.00 0.00 012 Residual Balance held by Wise re: Ex-gratia payments to minority shareholders of 0.00 0.00 0.00 0.00 BWIA West Indies Airways Ltd (New BWIA) 013 Residual Balance from the Bank Account of the CARICOM Trade Support Programme of T & T 0.00 89,705.24 0.00 89,705.24 014 Unexpended Balance of the Venture Capital Incentive Programme (VICP) 0.00 0.00 0.00 0.00 015 Residual Balance from the Bank Account of the Human Capital Development Facilitation 0.00 0.00 0.00 0.00 Company Limited - Ministry of Tobago Development 016 T & T (BWIA International) Airways Corporation (Old BWIA) 0.00 0.00 0.00 0.00 SUB-TOTAL 3,000,000,000.00 89,705.24 3,000,000,000.00 89,705.24 FN5 PERMANENT SECRETARY MINISTRY OF FINANCE (INVESTMENT DIVISION) 011 Liquidation of Trinidad and Tobago Forest Products Company Limited (TANTEAK) 0.00 342,784.07 0.00 342,784.07 012 Net Proceeds from Phoenix Park Gas Processors Ltd. Initial Public Offering 0.00 0.00 0.00 0.00 013 Dissolution of Atrius Life Insurance Company Limited 0.00 0.00 0.00 0.00 014 Winding up of the Cocoa and Coffee Industry Board (CCIB) 0.00 18,190,375.46 0.00 18,190,375.46 015 Dissolution of Trinidad and Tobago Entertainment Company Limited 0.00 0.00 0.00 0.00 016 Dissolution of the Government Human Resource Services Company Limited (GHRS) 0.00 0.00 0.00 0.00 017 Indemnity Claims - First Citizens Bank Limited 0.00 0.00 0.00 0.00 SUB-TOTAL 0.00 18,533,159.53 0.00 18,533,159.53 SUB-HEAD TOTAL 3,000,000,000.00 18,622,864.77 3,000,000,000.00 18,622,864.77

127 APPROVED ACTUAL HEAD / SUB-HEAD / RECEIVER / ITEM / SUB-ITEM ESTIMATES REVENUE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019

$ ¢ $ ¢ $ ¢ $ ¢

12 TRANSFERS FROM FUNDS

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 002 Transfer from Caroni Reserve Fund 0.00 53,504,271.21 0.00 53,504,271.21 003 Transfer of Balance from the CARICOM Trade Support Fund 0.00 40,574,055.56 0.00 40,574,055.56 SUB-TOTAL 0.00 94,078,326.77 0.00 94,078,326.77 SUB-HEAD TOTAL 0.00 94,078,326.77 0.00 94,078,326.77

HEAD 10 - BORROWING

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

01 Domestic 450,000,000.00 6,405,516,081.70 0.00 5,955,516,081.70 02 Foreign 1,101,200,000.00 1,951,087,099.47 0.00 849,887,099.47 TOTAL 1,551,200,000.00 8,356,603,181.17 0.00 6,805,403,181.17

HEAD 11 - EXTRAORDINARY RECEIPTS

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

02 Transfers from the Heritage and Stabilisation Fund (HSF) 0.00 0.00 0.00 0.00 TOTAL 0.00 0.00 0.00 0.00 GRAND TOTAL 48,163,885,000.00 53,423,353,341.79 6,399,577,112.68 11,659,045,454.47

128

Statement of expenditure

For the

financial year 2019

129

STATEMENT OF EXPENDITURE FOR THE FINANCIAL YEAR 2019

ORIGINAL SUPPLEMENTARY TOTAL APPROVED ACTUAL VARIANCE HEAD OF EXPENDITURE ESTIMATES ESTIMATES AND ESTIMATES EXPENDITURE LESS THAN MORE THAN FINANCIAL TRANSFERS FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019 YEAR 2019 $ ¢ $ ¢ $ ¢ $ ¢ $ ¢ $ ¢

01 - President 20,000,000.00 0.00 20,000,000.00 17,184,886.47 2,815,113.53 $ ¢ 02 - Auditor General 42,770,455.00 0.00 42,770,455.00 36,433,292.64 6,337,162.36 0.00 03 - Judiciary 456,831,700.00 62,687,800.00 519,519,500.00 459,612,879.66 59,906,620.34 0.00 04 - Industrial Court 41,500,000.00 0.00 41,500,000.00 37,035,619.56 4,464,380.44 0.00 05 - Parliament 126,500,000.00 0.00 126,500,000.00 125,242,206.94 1,257,793.06 0.00 06 - Service Commissions 83,347,000.00 3,932,600.00 87,279,600.00 75,503,070.95 11,776,529.05 0.00 07 - Statutory Authorities' Service Commission 8,000,000.00 0.00 8,000,000.00 7,173,203.93 826,796.07 0.00 08 - Elections and Boundaries Commission 75,000,000.00 0.00 75,000,000.00 70,642,264.05 4,357,735.95 0.00 09 - Tax Appeal Board 8,000,000.00 323,900.00 8,323,900.00 7,768,480.06 555,419.94 0.00 11 - Registration, Recognition and Certification Board 4,300,000.00 0.00 4,300,000.00 3,161,999.59 1,138,000.41 0.00 12 - Public Service Appeal Board 3,500,000.00 0.00 3,500,000.00 2,287,950.80 1,212,049.20 0.00 13 - Office of The Prime Minister 268,153,240.00 12,000,000.00 280,153,240.00 244,825,694.71 35,327,545.29 0.00 15 - Tobago House of Assembly 2,210,630,000.00 0.00 2,210,630,000.00 2,194,344,308.48 16,285,691.52 0.00 16 - Central Administrative Services, Tobago 40,973,000.00 0.00 40,973,000.00 28,273,084.66 12,699,915.34 0.00 17 - Personnel Department 51,000,000.00 2,000,000.00 53,000,000.00 38,239,536.56 14,760,463.44 0.00 18 - Ministry of Finance 5,945,001,890.00 984,556,945.00 6,929,558,835.00 6,644,866,532.99 284,692,302.01 0.00 19 - Charges on Account of the Public Debt 7,511,040,750.00 732,594,368.00 8,243,635,118.00 8,230,354,829.78 13,280,288.22 0.00 20 - Pensions and Gratuities 3,322,500,000.00 68,000,000.00 3,390,500,000.00 3,252,449,260.68 138,050,739.32 0.00 22 - Ministry of National Security 3,747,052,000.00 249,870,900.00 3,996,922,900.00 3,407,898,610.74 589,024,289.26 0.00 23 - Ministry of the Attorney General and Legal Affairs 360,900,000.00 56,221,100.00 417,121,100.00 392,382,842.14 24,738,257.86 0.00 26 - Ministry of Education 5,636,086,000.00 50,000,000.00 5,686,086,000.00 5,431,914,892.08 254,171,107.92 0.00 28 - Ministry of Health 4,961,518,900.00 0.00 4,961,518,900.00 4,755,450,505.89 206,068,394.11 0.00 30 - Ministry of Labour and Small Enterprise Development 371,242,000.00 39,258,000.00 410,500,000.00 375,911,778.87 34,588,221.13 0.00

31 - Ministry of Public Administration 762,005,020.00 0.00 762,005,020.00 682,700,482.87 79,304,537.13 0.00 35 - Ministry of Tourism 80,000,000.00 0.00 80,000,000.00 44,277,391.87 35,722,608.13 0.00 CARRIED FORWARD 36,137,851,955.00 2,261,445,613.00 38,399,297,568.00 36,565,935,606.97 1,833,361,961.03 0.00

130

BROUGHT FORWARD 36,137,851,955.00 2,261,445,613.00 38,399,297,568.00 36,565,935,606.97 1,833,361,961.03 0.00 37 - Integrity Commission 12,300,000.00 0.00 12,300,000.00 7,918,251.70 4,381,748.30 0.00 38 - Environmental Commission 9,000,000.00 20,400.00 9,020,400.00 7,477,673.12 1,542,726.88 0.00 39 - Ministry of Public Utilites 2,952,369,000.00 (55,369,874.00) 2,896,999,126.00 2,687,575,883.59 209,423,242.41 0.00 40 - Ministry of Energy and Energy Industries 530,403,000.00 0.00 530,403,000.00 336,255,938.55 194,147,061.45 0.00 42 - Ministry of Rural Development and Local Government 2,283,348,980.00 39,000,000.00 2,322,348,980.00 2,085,294,861.51 237,054,118.49 0.00 43 - Ministry of Works and Transport 2,624,200,000.00 65,512,929.00 2,689,712,929.00 2,125,433,975.74 564,278,953.26 0.00 48 - Ministry of Trade and Industry 158,690,000.00 0.00 158,690,000.00 123,688,514.79 35,001,485.21 0.00 61 - Ministry of Housing and Urban Development 1,457,192,000.00 48,000,000.00 1,505,192,000.00 1,419,755,726.09 85,436,273.91 0.00 62 - Ministry of Community Development, Culture 375,250,000.00 0.00 375,250,000.00 325,150,766.23 50,099,233.77 0.00 and the Arts 64 - Trinidad and Tobago Police Service 2,176,150,000.00 75,000,000.00 2,251,150,000.00 2,173,353,389.73 77,796,610.27 0.00 65 - Ministry of Foreign and CARICOM Affairs 263,300,000.00 6,000,000.00 269,300,000.00 222,393,935.69 46,906,064.31 0.00 67 - Ministry of Planning and Development 335,851,000.00 0.00 335,851,000.00 265,680,693.59 70,170,306.41 0.00 68 - Ministry of Sport and Youth Affairs 293,800,000.00 0.00 293,800,000.00 261,088,308.94 32,711,691.06 0.00 70 - Ministry of Communications 225,589,480.00 10,000,000.00 235,589,480.00 204,204,076.16 31,385,403.84 0.00 75 - Equal Opportunity Tribunal 4,400,000.00 329,900.00 4,729,900.00 3,855,560.68 874,339.32 0.00 77 - Ministry of Agriculture, Land and Fisheries 777,862,000.00 0.00 777,862,000.00 657,096,112.05 120,765,887.95 0.00 78 - Ministry of Social Development and Family Services 4,965,420,000.00 227,548,500.00 5,192,968,500.00 5,109,027,839.86 83,940,660.14 0.00 TOTAL 55,582,977,415.00 2,677,487,468.00 58,260,464,883.00 54,581,187,114.99 3,679,277,768.01 0.00

131

The cash basis

Statement of

Assets and Liabilities

AS AT

September 30, 2019

132

GOVERNMENT OF THE REPUBLIC OF TRINIDAD AND TOBAGO CASH BASIS CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

(Figures in TT$) Notes 2019 2018 ASSETS Current Assets Cash and Cash Equivalents 2. (ii) (b) 27,996,922,385.53 26,600,707,800.66

Receivables - Treasury Deposits 406,075,395.13 2,980,975.27 Receivables - Advances 104,763,945.90 121,676,291.72 Total Current Assets 28,507,761,726.56 26,725,365,067.65 Non-Current Assets Investments - General 41,011,999.69 43,404,470.13 Investments - Special Funds 46,672,418.00 40,887,601.13 Investments - Trust Funds 18,239,941.33 18,122,714.95

Investments - Consolidated Fund 2,607,109.18 2,607,109.18 Total Non-Current Assets 108,531,468.20 105,021,895.39

Total Assets 28,616,293,194.76 26,830,386,963.04

LIABILITIES Current Liabilities

Overdraft ( Exchequer Account) 2. (ii) (a) 41,380,061,388.10 40,246,393,438.68 Deposit Accounts 5,068,236,165.08 4,526,161,215.00 Special Funds 7,177,719,044.78 7,065,899,277.26 Trust Funds 654,888,018.01 494,843,459.82 Total Liabilities 54,280,904,615.97 52,333,297,390.76

Funds Consolidated Fund (41,345,911,202.92) (40,212,243,253.50) Unemployment Fund 7,873,342,785.42 7,780,133,680.56

Infrastructure Development Fund 63,971,599.46 93,277,258.62 NUGFW Training Fund 8,620,981.07 8,586,634.53 Government Assistance for Tuition Expenses Fund 76,374,336.61 72,245,198.85 Green Fund 6,946,131,930.49 6,002,631,525.29 CARICOM Trade Support Fund 0.00 40,574,055.56 CARICOM Petroleum Fund 244,392,748.66 243,419,072.37

National Wastewater Revolving Fund 16,965,400.00 16,965,400.00 Advance Fund 351,500,000.00 351,500,000.00 Contingencies Fund 100,000,000.00 100,000,000.00 Total Funds (25,664,611,421.21) (25,502,910,427.72) Total Liabilities and Funds 28,616,293,194.76 26,830,386,963.04

133

The consolidated fund

AS AT

September 30, 2019

134

THE CONSOLIDATED FUND

FOR THE FINANCIAL YEAR 2019

2018 2019

$ ¢ $ ¢ $ ¢

(36,499,896,433.68) Balance as at October 01, 2018 (40,212,243,253.50)

Revenue 53,423,353,341.79

Expenditure 54,581,187,114.99

(3,734,594,025.93) Excess of Expenditure over Revenue (1,157,833,773.20)

(40,234,490,459.61) (41,370,077,026.70)

(a) Accounting Adjustments re: Previous Years

(b) Transfer of Previous Years Unpaid Balances to Consolidated Fund 24,165,823.78 22,247,206.11 24,165,823.78 24,165,823.78

(40,212,243,253.50) Balance as at September 30, 2019 (41,345,911,202.92)

135

Notes to the

accounts 2019

136

NOTES TO THE ACCOUNTS

1. GENERAL

The Statement of Revenue, Statement of Expenditure as well as the Statement of Assets and Liabilities constitute the annual statements as identified in Section 24(1) (a) iv, v, and vii respectively of the Exchequer and Audit Act Chapter 69:01 as amended by Act No. 23 of 1998.

2. ACCOUNTING POLICIES

(i) The accounts are kept on a cash basis. Accordingly, transactions are recorded when moneys are actually received and paid.

(ii) Cash Basis Consolidated Statement of Assets and Liabilities

(a) As we move towards the full implementation of Cash Basis International Public Sector Accounting Standards (IPSAS), the Consolidated Statement of Assets and Liabilities is now being restated in the cash basis IPSAS format. This presentation uses the concepts and accounting standards of the Cash Basis of Accounting. As a result, the Exchequer Account which was previously reported under Assets is now being reported as a Current Liability due to its overdrawn status.

(b) Cash and Cash Equivalents

Cash and Cash Equivalents consists of the following accounts:

Treasury Deposits Account 12,408,320,414.05 Treasury Funds Account 352,223,023.73 Treasury Suspense Account 3,700,864.23 Unemployment Fund 7,873,342,785.42 Infrastructure Development Fund 63,971,599.46 NUGFW Training Fund 8,620,981.07 Government Assistance for Tuition Expenses Fund 76,374,336.61 Green Fund 6,946,131,930.49 CARICOM Petroleum Fund 244,392,748.66 National Wastewater Revolving Fund of T&T 16,965,400.00 Exchequer Suspense Account 2,878,301.81 CASH AND CASH EQUIVALENTS TOTAL 27,996,922,385.53

(iii) For the financial year 2019, the Public Debt (Local and External Loans and Loans serviced under Head 18) totaled $75,080,932,858.16. However, the Statutory Sinking Funds for the Public Debt in the sum of $7,133,658,890.83 are incorporated in the Special Funds totaling $7,177,719,044.78. The Public Debt does not include the arrears of emoluments owed to Public Sector Employees which have not yet been satisfied by the use of any mechanism.

137

3. UNEMPLOYMENT FUND

In accordance with the Unemployment Levy Act, Chapter 75:03 Section 15, the balances of the Fund are shown in the general accounts. The accounts of the Fund are presented as Schedules C (i) and (ii)to the Statement of Assets and Liabilities.

4. INFRASTRUCTURE DEVELOPMENT FUND

In accordance with the Exchequer and Audit Act, Chapter 69:01 Section 43 (2), the balances of the Infrastructure Development Fund are shown in the general accounts. The accounts of the Fund are presented as Schedules D (i) and (ii) to the Statement of Assets and Liabilities.

5. NATIONAL UNION OF GOVERNMENT AND FEDERATED WORKERS (NUGFW) TRAINING FUND

The National Union of Government and Federated Workers (NUGFW) Training Fund was established under Section 43(2) of the Exchequer and Audit, Act Chapter, 69:01 (Legal Notice No. 280 dated September 27, 2004) In accordance with the Exchequer and Audit Act, Chapter 69:01, Section 43(2), the balances of the NUGFW Training Fund are shown in the general accounts. The accounts of the Fund are presented as Schedules E (i) and (ii) to the Statement of Assets and Liabilities.

6. GOVERNMENT ASSISTANCE FOR TUITION EXPENSES (GATE) FUND

The Government Assistance for Tuition Expenses Fund was established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice No. 329 dated December 09, 2004). In accordance with the Exchequer and Audit Act, Chapter 69:01, Section 43(2), the balances of the GATE Fund are shown in the general accounts. The accounts of the Fund are presented as Schedules F (i) and (ii) to the Statement of Assets and Liabilities.

7. GREEN FUND

The Green Fund was established by Section 65 (1) of the Miscellaneous Taxes Act as amended by Part VI Section 8(b) of the Finance Act No. 5 of 2004 dated January 30, 2004. In accordance with Section 67(1) of the Part XIV of the Miscellaneous Taxes Act, the balances of the Green Fund are shown in the general accounts. The accounts of the Fund are presented as Schedules G (i) and (ii) to the Statement of Assets and Liabilities.

8. CARICOM TRADE SUPPORT FUND

The CARICOM Trade Support Fund was established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice No. 13 dated January 12, 2005). In accordance with the Exchequer and Audit Act, Chapter 69:01, Section 43(2), the balances of the CARICOM Trade Support Fund are shown in the general accounts. The accounts of the Fund are presented as Schedules H (i) and (ii) to the Statement of Assets and Liabilities. By letter dated September 27, 2018 a request was made by the Comptroller of Accounts to close the bank account held at the Central Bank of Trinidad and Tobago (CBTT). The account was closed on October 03, 2018 and the funds were transferred to the Exchequer Account.

138

9. CARICOM PETROLEUM FUND

The CARICOM Petroleum Fund was established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice 302 dated November 23, 2006). In accordance with the Exchequer and Audit Act, Chapter 69:01, Section 43(2), the balances of the CARICOM Petroleum Fund are shown in the general accounts. The accounts of the Fund are presented as Schedules I (i) and (ii) to the Statement of Assets and Liabilities.

10. NATIONAL WASTEWATER REVOLVING FUND

The National Wastewater Revolving Fund was established under Section 43 (2) of the Exchequer and Audit Act, Chapter 69:01 (Legal Notice No. 255 dated December 11, 2013). In accordance with the Exchequer and Audit Act, Chapter 69:01, Section 43 (2), the balances of the National Wastewater Revolving Fund are shown in the General Accounts. The accounts of the Fund are presented as Schedules J (i) and (ii) to the statement of Assets and Liabilities.

11. CONTINGENT LIABILITIES

(i) Loans or Credits Guaranteed by the Government of Trinidad and Tobago

The Contingent Liabilities in respect of Loans or Credits Guaranteed by the Government of Trinidad and Tobago as at September 30, 2019 amount to $12,457,933,805.34. The details are reflected on the Statement submitted in accordance with Section 24 (1) (a) vi of the Exchequer and Audit Act, Chapter 69:01 as amended by Act No. 23 of 1998.

(ii) Letters of Comfort issued by the Government of Trinidad and Tobago

The Contingent Liabilities in respect of Letters of Comfort issued by the Government of Trinidad and Tobago as at September 30, 2019 amount to $15,915,400,411.43. Details are reflected in the Statements of the Public Debt.

(iii) Promissory Notes

The Contingent Liabilities in respect of outstanding Promissory Notes issued by the Government of Trinidad and Tobago as at September 30, 2019 amount to $5,335,917,827.84. Details are reflected in the Statements of the Public Debt.

(iv) Arrears of Emoluments owed to Public Sector Employees

An amount of $15,493.50 was paid towards the settlement of the Public Sector Liability during the financial year ended September 30, 2019. To date, the sum of 1,608.7 million of the Public Sector employees’ liability has been satisfied.

139

(v) Open Market Operations

As notified by the Central Bank, the amount of Treasury Securities outstanding for the purpose of Open Market Operations (OMO) as at September 30, 2019 was $15,493.5 million. The face value of the Open Market Bills stood at $14,061.50 million, Treasury Notes $1,432.0-Mn, and the value of rolled over Treasury Bills rolled was $3340 million.

12. BALANCES OUTSTANDING ON BUILD, OPERATE, LEASE AND TRANSFER (BOLT) PROJECTS

The balances outstanding on Build, Operate, Lease and Transfer (BOLT) Projects as at September 30, 2019 amount to $105,364,269.28. Details are reflected in the Statements of the Public Debt.

13. BALANCES ON LOANS ASSUMED BY THE GOVERNMENT OF TRINIDAD AND TOBAGO

The balances outstanding in respect of Loans Assumed by the Government of Trinidad and Tobago as at September 30, 2019 in respect of Companies in which Government has/had a shareholding amount to $2,106,721.02. The details are reflected on a Statement in the Accounts.

14. PRODUCTION SHARING CONTRACTS

Under the provisions of the Production Sharing Contracts, the Government of the Republic of Trinidad and Tobago is entitled to a share of the production of natural gas and crude oil from the operations of the contractors. The moneys received are placed in the Deposit Account Head 111/570 (Production Sharing Contract). From this share of production, the Minister of Energy and Energy Industries is responsible for meeting the respective Contractor’s tax and similar financial obligations to the Government. Total Payments made to the Board of Inland Revenue in respect of the financial year 2019 is $2,521,465,625.00. Revenue collection increased by 179% when compared to the receipts collected in the financial year 2018. Details of payments made in the financial year 2019 are shown below:-

DATE AMOUNT 31/12/2018 $259,987,562.00 14/05/2019 $439,889,230.00 08/07/2019 $450,087,473.00 24/07/2019 $303,251,143.00 26/09/2019 $283,475,608.00 26/09/2019 $574,817,968.00 26/09/2019 $209,956,641.00 TOTAL $2,521,465,625.00

140

15. PETROLEUM SUBSIDY PAID TO CONTRACTORS

In accordance with Sub-section (2) of Section 5 of the Petroleum Production Levy and Subsidy Act 1974, Chapter 62:02, the total advances made in the financial year 2019 from the Petroleum Products and Subsidy Fund, for the purpose of subsidizing the prices at which Petroleum Products are sold by persons carrying on marketing business is $55,066,294.40 The details are available for Audit scrutiny.

16. ACCIDENTS VICTIMS COMPENSATION FUND

In the 2008 Budget Statement the Prime Minister and the Minister of Finance proposed to use the proceeds of the Insurance Premium Tax to establish an Accident Victims Compensation Fund to compensate victims of accidents caused by uninsured drivers.

17. There were no deposits or withdrawals made for the financial year 2019.

18. HERITAGE AND STABILISATION FUND

The Heritage and Stabilisation Fund (HSF) was established by Act No. 6 of 2007 which was assented to on March 15, 2007. This Fund is denominated in the currency of the United States of America. The purpose of the Fund is to save and invest surplus petroleum revenues derived from production business in order to cushion the impact on or sustain public expenditure capacity and generate an alternate stream of income so as to support public expenditure capacity during periods of revenue downturn and provide a heritage for future generations.

19. As at September 30, 2019 the balance in the HSF stood at USD $6,250,343,073.29 (approximately TT$ 42,233,568,146.22). There were no withdrawals or deposits were made for the financial year 2019.

20. CONTINGENCIES FUND

The Exchequer and Audit Act, Chapter 69:01 Part IV No.16 provides for the establishment of a Contingencies Fund not exceeding in aggregate $1.5 million or such greater sum as Parliament may by resolution approve. The Contingencies Fund now stands at $100 million. Over the years there have been increases to the Fund with the most recent being $75 million. Legal Notice No. 203 of 2006 is relevant.

21. The purpose of the Fund is to defray unforeseen expenditure which has not been provided for by the Appropriation Act relating to that year and where the circumstances are such that the expenditure cannot, without injury to the public interest be postponed until adequate provision is made by Parliament. Supplementary funding must be provided in the same financial year to clear all expenditure incurred in respect of advances from the Contingencies Fund.

22. There were no Advances from the Contingencies Fund for the financial year 2019.

141

142

Statement of LOANS FROM THE

FUNDS FOR LONG-TERM

DEVELOPMENT

AS AT

SEPTEMBER 30, 2019

143

Summary of Loans from the Funds for Long-Term Development as at September 30, 2019

$ ¢

GRAND TOTAL OF LOANS - ALL FUNDS ...... … … … … ... 348,093,597.37

AMOUNT REPAID/WRITTEN-OFF AS AT SEPTEMBER 30, 2019 ...... … … … … 342,170,677.72

BALANCE OUTSTANDING AS AT SEPTEMBER 30, 2019 ...... … … … … 8,396,709.04

144 FUNDS FOR LONG-TERM DEVELOPMENT LOANS FROM THE FUNDS FOR LONG-TERM DEVELOPMENT AS AT SEPTEMBER 30, 2019

FUND ISSUED TO PURPOSE YEAR AUTHORITY AMOUNT AMOUNT REPAID / WRITTEN BALANCE OUTSTANDING REMARKS LOANED OFF AS AT SEPTEMBER 30, AS AT SEPTEMBER 30, 2019 2019 $ c $ c $ c

(1) CARIBBEAN GOVERNMENT OF To meet cost of 1979 Cabinet Minute TTD 3,603,937.20 TTD 1,081,181.16 TTD 2,522,756.04 Cabinet Minute No. 2842 dated October 29. 1998 INTEGRATION ST. VINCENT re-establishment of No. 2637 dated - Loan to be Interest free. To be repaid in ten (10) FUND the Sugar Industry June 15, 1979; equal annual instalments beginning 1998. No Warrant No. 3/79 payment recevied for 2019 $3,059,221.20

1980 Cabinet Minute No. 2637 dated June 15, 1979; Warrant No. 4/80 544,716.00

For purchasing 1981 Cabinet Minute TTD 990,000.00 TTD 297,000.00 TTD 693,000.00 Cabinet Minute No. 1512 dated June 12, 2003 Sugar Factory No. 1556 dated Grant of Ten (10) year moratorium on balance of at Forres Park May 4, 1978; $3,215,756.04 outstanding as at December 31, 2002. Limited Warrant No. 12 Payment due December 2013. Letter to Director dated May 28, 1981 General - Ministry of Finance and Economic Planning, $990,000.00 St. Vincent & the Grenadines dd November 29, 2013. Re: Indebtedness to the Government of Trinidad and Tobago. No Payment received for 2019

TTD 4,593,937.20 TTD 1,378,181.16 TTD 3,215,756.04

GOVERNMENT OF Restructuring due to 1996 Cabinet Minute USD 11,307,850.23 USD 11,307,850.23 USD 0.00 Loan rescheduled. Loan granted for the period GUYANA Debt Forgiveness No. 2700 dated TTD 71,464,494.17 TTD 73,938,283.56 TTD 0.00 April 7, 1997 to May 23, 2019. Interest rate at 3.24% October 17, 1996. per annum in accordance with Supplemental Bilateral Agreement Agreement re Cabinet Min. No.94 of January 19,2000. dated March 26, 1997 The loans were rescheduled and further decreased by 60% (Cologne Terms) to USD$70.77Mn and Interest at 3.24%. Agreement signed on Oct. 06, 2005. Cabinet Minute Repayment in ratio-CBTT 79.80%, GORTT-20.20%. No. 94 dated GORTT debt USD $11.307Mn. January 19, 2000 Loan was repaid in May 2019. Letter from Supplemental CBTT dd Jan. 16, 2020 refers. The sum of US Agreement $3,920.36 and US $277.30 pertaining to O/S Principal and Interest has been written off. Rate of US $1.00= Cabinet Minute No. 112 TT $6.7570 as at September 30, 2019. dated January 04, 2004

TTD 71,464,494.17 TTD 73,938,283.56 TTD 0.00

TOTAL OF CARIBBEAN INTEGRATION FUND TTD 76,058,431.37 TTD 75,316,464.72 TTD 3,215,756.04

Carried Forward TTD 76,058,431.37 TTD 75,316,464.72 TTD 3,215,756.04

145 FUNDS FOR LONG-TERM DEVELOPMENT LOANS FROM THE FUNDS FOR LONG-TERM DEVELOPMENT AS AT SEPTEMBER 30, 2019

FUND ISSUED TO PURPOSE YEAR AUTHORITY AMOUNT AMOUNT REPAID / WRITTEN BALANCE OUTSTANDING REMARKS LOANED OFF AS AT SEPTEMBER 30, AS AT SEPTEMBER 30, 2019 2019 $ c $ c $ c Brought Forward TTD 76,058,431.37 TTD 75,316,464.72 TTD 3,215,756.04

(2) PORT PORT AUTHORITY OF Special loan to Port 1980 Cabinet Minute TTD 5,100,000.00 TTD 0.00 TTD 5,100,000.00 To be repaid on determination of claim made on DEVELOPMENT TRINIDAD AND TOBAGO Authority- Repairs and No. 1644 dated Consolidated Insurance Consultants Limited by the FUND Overhaul of Dredger - April 18, 1980; Port Authority of Trinidad and Tobago. Port of Spain II Warrant No. 8/80

TTD 5,100,000.00 TTD 0.00 TTD 5,100,000.00

TOTAL OF PORT DEVELOPMENT FUND TTD 5,100,000.00 TTD 0.00 TTD 5,100,000.00

(3) PARTICIPATION TRINIDAD AND TOBAGO Restructuring of 1993 Cabinet Minute TTD 15,158,452.00 TTD 15,158,452.00 TTD 0.00 Loan Rescheduled. Loan with interest rate of 7.5% IN COMMERCIAL MORTGAGE FINANCE Debenture to meet its No. 3297 dated per annum and Principal repayment for twenty (20) ENTERPRISES COMPANY LIMITED lending Programme December 23, 1993 years with a moratorium of five (5) years. Advances FUND also made under Housing and Resettlement and Long Term Development Fund.

TTD 15,158,452.00 TTD 15,158,452.00 TTD 0.00

TOTAL OF PARTICIPATION IN COMMERCIAL ENTERPRISES FUND TTD 15,158,452.00 TTD 15,158,452.00 TTD 0.00

(4) SPORT, NAPARIMA STAR To complete 1983 Cabinet Minute TTD 160,000.00 TTD 79,047.00 TTD 80,953.00 Repayable over a twenty (20) years period at 3% CULTURE AND LODGE AND PRIDE OF construction of No. 907 dated per annum. Ministry of Labour and Small Enterprise COMMUNITY NAPARIMA LODGE a lodge hall April 1, 1982; Development to approach Cabinet for write-off. DEVELOPMENT Warrant No. 4 FUND dated February 16, 1983.

TTD 160,000.00 TTD 79,047.00 TTD 80,953.00

TOTAL OF SPORT, CULTURE AND COMMUNITY DEVELOPMENT FUND TTD 160,000.00 TTD 79,047.00 TTD 80,953.00

(5) HOUSING AND TRINIDAD AND TOBAGO Restructuring of 1993 Cabinet Minute TTD 32,500,000.00 TTD 32,500,000.00 TTD 0.00 Loan Rescheduled. Loan with Interest rate of 7% per RESETTLEMENT MORTGAGE FINANCE Debenture to meet its No. 3297 dated annum. Principal repayment for twenty (20) years FUND COMPANY LIMITED Lending Programme. December 23, 1993 with a moratorium of five (5) years. Loans made under Participation in Commercial Enterprises Fund and Long Term Development Fund.

TTD 32,500,000.00 TTD 32,500,000.00 TTD 0.00

TOTAL OF HOUSING AND RESETTLEMENT FUND TTD 32,500,000.00 TTD 32,500,000.00 TTD 0.00

Carried Forward TTD 128,976,883.37 TTD 123,053,963.72 TTD 8,396,709.04

146 FUNDS FOR LONG-TERM DEVELOPMENT LOANS FROM THE FUNDS FOR LONG-TERM DEVELOPMENT AS AT SEPTEMBER 30, 2019

(6) LONG TERM TRINIDAD AND TOBAGO Restructuring of 1993 Cabinet Minute TTD 91,626,738.00 TTD 91,626,738.00 TTD 0.00 Loans Rescheduled totalling $222,389,118.00 DEVELOPMENT MORTGAGE FINANCE Debentures to meet its No. 3297 dated of which $16,590,000.00 and $16,590,000.00 and FUND COMPANY LIMITED Lending Programme December 23, 1993 $114,172,380.00 were swapped for government debt to National Insurance Board and National Insurance Property Development Company. Loan with Interest rate of 5 % per annum and Principal repayment for twenty (20) years with a moratorium of five (5) years.

Capitalised Interest 1993 Cabinet Minute TTD 127,489,976.00 TTD 127,489,976.00 TTD 0.00 Capitalised interest on Debentures. Loan with to meet its lending No. 3297 dated interest rate of 5% per annum. Principal to Programme. December 23, 1993 be paid as a Bullet Payment on December 31, 2018. Loans made under Participation in Commercial Enterprises Fund and Housing and Resettlement Fund.

TTD 219,116,714.00 TTD 219,116,714.00 TTD 0.00

TOTAL OF LONG TERM DEVELOPMENT FUND TTD 219,116,714.00 TTD 219,116,714.00 TTD 0.00

TOTAL TTD 348,093,597.37 TTD 342,170,677.72 TTD 8,396,709.04

147 Summary of Loans from the Funds for Long-Term Development as at September 30, 2019

AMOUNT BALANCE F U N D AMOUNT REPAID/WRITTEN OFF OUTSTANDING AS AT ADVANCED AS AT SEPTEMBER 30, 2019 SEPTEMBER 30, 2019

$ ¢ $ ¢ $ ¢

(1) Caribbean Integration Fund 76,058,431.37 75,316,464.72 3,215,756.04 (2) Port Development Fund 5,100,000.00 0.00 5,100,000.00 (3) Participation in Commercial Enterprises Fund 15,158,452.00 15,158,452.00 0.00 (4) Sport, Culture and Community Development Fund 160,000.00 79,047.00 80,953.00 (5) Housing and Resettlement Fund 32,500,000.00 32,500,000.00 0.00 (6) Long Term Development Fund 219,116,714.00 219,116,714.00 0.00

T O T A L: 348,093,597.37 342,170,677.72 8,396,709.04

148 SUMMARY OF TRANSACTIONS IN RESPECT OF LOANS FROM THE FUNDS FOR LONG-TERM DEVELOPMENT FOR THE FINANCIAL YEAR 2019

$ ¢

Balance brought forward as at October 01, 2018 328,370,222.25 LESS: Guyana Loan balance restated because of (Cologne Terms Agreement) (166,480,833.59) 161,889,388.66

LESS: Capital repayments/write-offs for the Financial Year 2019 (155,966,469.02) (See 1-2 below) LESS: Amount due to currency translation 2,473,789.39

Balance as at September 30, 2019 8,396,709.04

CAPITAL REPAYMENTS/WRITE-OFFS for the Financial Year 2019

CAPITAL REPAYMENTS

(1) Government of Guyana 17,153,964.73 (2) Trinidad and Tobago Mortgage Finance Company Limited 138,812,504.29

TOTAL REPAID 155,966,469.02

149 Government of Guyana LTD Reconciliation of 2019 Balance

Details US$ TT$ Opening Balance as at 2018 - Restated 2,597,540.89 14,680,175.34

Receipts for the period 01/10/18-30/09/19 2,593,620.63 17,153,964.73

Closing Balance as at 2019 3,920.26 (2,473,789.39)

Closing Balance as at 2019 (Sum of USD 3920.00 writen- off 0.00

Less Actual TT$ Balance according to Ledger (2,473,789.39)

Difference due to Exchange Rate Translation 2,473,789.39

Prepared by :

Checked by:

Statement of

COMPARISON OF BUDGET AND

ACTUAL REVENUE AND EXPENDITURE

FOR THE FINANCIAL YEAR ENDED

September 30, 2019

150

ANALYSIS OF THE STATEMENT OF COMPARISON OF BUDGETED AND ACTUAL REVENUE AND EXPENDITURE FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

The Minister of Finance on behalf of the Government of the Republic of Trinidad and Tobago presented the Budget Statement for the financial year 2019 on October 1, 2018. The Budget Statement entitled “TURNAROUND” reflected the financial characteristics of the Government’s plans for the financial year 2019.

2. The Statement of Comparison of Budgeted and Actual Revenue and Expenditure for the financial year 2019 details the actual revenue earned and expenditure incurred by Ministries/Departments and the final amounts allocated for in the budget, together with variances. Presentation in the Public Accounts of the final budgeted amounts and actual amounts on a comparable basis with the budget will complete the accountability cycle by enabling users of the Public Accounts to identify whether resources were obtained and used in accordance with the approved budget.

3. The original budget detailed the projected revenues expected to be realised within the annual budget period, based on current plans and the anticipated economic conditions and expenditure approved by Parliament. It includes the appropriated amounts that were presented by the Minister of Finance in the Budget Statement. However supplemental appropriations were necessary where the original budget did not adequately meet expenditure requirements arising from fluctuations in the economy.

4. The Statement of Comparison has two components: Revenue and Expenditure, which has been further classified into categories.

5. Based on a projected oil price, the total revenue collection expected in financial year 2019 was $ 53,130,888,567.00 and total expenditure projected was $ 58,260,464,883.00.

6. Actual revenue collected for financial year 2019 was $ 53,423,353,341.79. Actual expenditure for financial year 2019 was $ 54,581,187,114.99.

7. Total expenditure did not exceed total revised allocation.

151

Statement of Comparison of Budget and Actual Revenue and Expenditure for the financial year ended September 30, 2019 Budget On Cash Basis

Budgeted Actual on Approved Comparable *Variance: (Actual Original Estimates Basis less Approved Classification $Mn $Mn $Mn Estimates ) a b c $Mn c-b 1. RECEIPTS ( Classified by Categories) A. Taxation Income and Profits 21,164.5 22,207.0 21,627.8 (579.2) Property 252.5 46.9 49.6 2.7 Goods and Services 9,109.8 8,017.5 7,330.5 (687.0) International Trade 2,574.8 2,623.1 2,672.3 49.1 Other Taxes 315.0 348.5 355.6 7.1 B. Non-Tax Revenue Property Income 8,992.5 8,637.5 9,320.1 682.5 Other Non-Tax Revenue 1,027.1 1,070.5 1,364.2 293.7 Repayment of Past Lending 167.5 1,362.4 1,367.0 4.6

C. Proceeds: Borrowing 1,551.2 7,844.6 979.8 (6,864.8) D. Proceeds: Capital Receipts 3,009.1 972.8 8,356.6 7,383.8 E. Extraordinary Receipts .0 .0 .0 .0 Total Receipts 48,163.9 53,130.9 53,423.4 292.5

2. PAYMENTS ( Classified by Functions) A. President 20.0 18.0 17.2 (.8) B. Auditor General 42.8 41.8 36.4 (5.4) C. Judiciary and Legal 900.7 854.3 921.5 67.2 D. Finance / Economic Affairs 7,313.2 7,983.4 7,637.2 (346.2) E. Debt Servicing 7,511.0 422.1 8,230.4 7,808.3 F. Pensions 3,322.5 183.0 3,252.4 3,069.4 G. Health 4,961.5 4,960.2 4,755.5 (204.8) H. Law and Order 5,923.2 5,295.2 5,581.3 286.1

I. Poverty Reduction & Human Capital Development 5,711.9 5,978.7 5,810.1 (168.6) J. Education 5,636.1 5,686.1 5,431.9 (254.2) K. Agriculture/Food Security/Infrastructure 10,095.0 10,447.5 8,975.2 (1,472.3) L. Recreational, Cultural and Religion 293.8 293.8 261.1 (32.7) M. Governance 2,646.3 2,656.9 2,592.7 (64.2) N. Public Service 1,129.9 294.7 1,007.8 713.1 O. Other 75.0 74.3 70.6 (3.6) Total Payments 55,583.0 45,189.9 54,581.2 9,391.3

NET SURPLUS/(DEFICIT) (7,419.1) 7,941.0 (1,157.8) 9,683.8

152 WORKSHEET

Head of 2019 2019 2019 Head Description Expenditure Estimates Approved Estimates Actual $ $ $ 01 A. President 20,000,000 17,993,810 17,184,886

02 B. Auditor General 42,770,455 41,804,855 36,433,293

C. Judiciary & Legal 03 JUDICIARY 456,831,700 426,764,500 459,612,880 04 INDUSTRIAL COURT 41,500,000 24,900,000 37,035,620 09 TAX APPEAL BOARD 8,000,000 0 7,768,480 11 REGISTRATION, RECOGNITION AND CERTIFICATION BOARD 4,300,000 4,300,000 3,162,000 12 PUBLIC SERVICE APPEAL BOARD 3,500,000 3,500,000 2,287,951 23 MINISTRY OF THE ATTORNEY GENERAL AND LEGAL AFFAIRS 360,900,000 374,056,060 392,382,842 37 INTEGRITY COMMISSION 12,300,000 11,126,900 7,918,252 38 ENVIRONMENTAL COMMISSION 9,000,000 6,874,140 7,477,673 75 EQUAL OPPORTUNITY TRIBUNAL 4,400,000 2,808,000 3,855,561 SUB TOTAL 900,731,700 854,329,600 921,501,257

D. Finance / Economic Affairs 18 MINISTRY OF FINANCE 5,945,001,890 6,614,283,401 6,644,866,533 35 MINISTRY OF TOURISM 80,000,000 80,000,000 44,277,392 40 MINISTRY OF ENERGY AND ENERGY INDUSTRIES 530,403,000 526,406,000 336,255,939 48 MINISTRY OF TRADE AND INDUSTRY 158,690,000 158,335,880 123,688,515 65 MINISTRY OF FOREIGN AND CARICOM AFFAIRS 263,300,000 269,300,000 222,393,936 67 MINISTRY OF PLANNING AND DEVELOPMENT 335,851,000 335,037,000 265,680,694 Sub Total 7,313,245,890 7,983,362,281 7,637,163,007

E. Debt Servicing 19 CHARGES ON ACCOUNT OF THE PUBLIC DEBT 7,511,040,750 422,061,600 8,230,354,830

F. Pensions 20 PENSIONS AND GRATUITIES 3,322,500,000 183,000,000 3,252,449,261

G. Health 28 MINISTRY OF HEALTH 4,961,518,900 4,960,215,850 4,755,450,506

H. Law and Order 22 MINISTRY OF NATIONAL SECURITY 3,747,052,000 3,044,049,100 3,407,898,611 64 TRINIDAD AND TOBAGO POLICE SERVICE 2,176,150,000 2,251,150,000 2,173,353,390 Sub Total 5,923,202,000 5,295,199,100 5,581,252,000

I. Poverty Reduction & Human Capital Development 30 MINISTRY OF LABOUR AND SMALL ENTERPRISE DEVELOPMENT 371,242,000 410,500,000 375,911,779 62 MINISTRY OF COMMUNITY DEVELOPMENT, CULTURE AND THE ARTS 375,250,000 375,250,000 325,150,766 78 MINISTRY OF SOCIAL DEVELOPMENT AND FAMILY SERVICES 4,965,420,000 5,192,968,500 5,109,027,840 Sub Total 5,711,912,000 5,978,718,500 5,810,090,385

J. Education 26 MINISTRY OF EDUCATION 5,636,086,000 5,686,086,000 5,431,914,892

K. Agriculture/Food Security/Infrastructure 39 MINISTRY OF PUBLIC UTILITIES 2,952,369,000 3,152,369,000 2,687,575,884 42 MINISTRY OF RURAL DEVELOPMENT AND LOCAL GOVERNMENT 2,283,348,980 2,322,348,980 2,085,294,862 43 MINISTRY OF WORKS AND TRANSPORT 2,624,200,000 2,689,712,929 2,125,433,976 61 MINISTRY OF HOUSING AND URBAN DEVELOPMENT 1,457,192,000 1,505,192,000 1,419,755,726 77 MINISTRY OF AGRICULTURE, LAND AND FISHERIES 777,862,000 777,862,000 657,096,112 Sub Total 10,094,971,980 10,447,484,909 8,975,156,559

L. Recreational, Cultural and Religion 68 MINISTRY OF SPORT AND YOUTH AFFAIRS 293,800,000 293,800,000 261,088,309

M. Governance 05 PARLIAMENT 126,500,000 125,111,500 125,242,207 13 OFFICE OF THE PRIME MINISTER 268,153,240 280,153,240 244,825,695 15 TOBAGO HOUSE OF ASSEMBLY 2,210,630,000 2,210,630,000 2,194,344,308 16 CENTRAL ADMINISTRAIVE SERVICES , TOBAGO 40,973,000 40,973,000 28,273,085 Sub Total 2,646,256,240 2,656,867,740 2,592,685,295

153 Head of 2019 2019 2019 Head Description Expenditure Estimates Approved Estimates Actual $ $ $ N. Public Service 06 SERVICE COMMISSIONS 83,347,000 0 75,503,071 07 STATUTORY AUTHORITIES' SERVICE COMMISSION 8,000,000 6,784,660 7,173,204 17 PERSONNEL DEPARTMENT 51,000,000 52,340,000 38,239,537 31 MINISTRY OF PUBLIC ADMINISTRATION 762,005,020 0 682,700,483 70 MINISTRY OF COMMUNICATION 225,589,480 235,589,480 204,204,076 Sub Total 1,129,941,500 294,714,140 1,007,820,370

O. Other 08 ELECTIONS AND BOUNDARIES COMMISSION 75,000,000 74,255,600 70,642,264

Sub Total 75,000,000 74,255,600 70,642,264 TOTAL 55,582,977,415 45,189,893,985 54,581,187,115

154 SCHEDULE A

SCHEDULE OF SPECIAL FUNDS APPEARING IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

TITLE OF FUND FUND BALANCE

$ ¢ Provident Fund 0.00 Provident Fund -Interest 0.00 Stock Transfer Stamp Duty Fund 3,961.48 Local Trustees of the Sinking Fund 7,133,658,890.83 Savings Bonds Reserve Fund 234,900.00 Seized Assets Fund-Ministry of National Security 39,225.00 National Disaster Fund 3,657,835.56 Equipment Fund-Trinidad and Tobago Defence Force 1,427,266.71 Welfare Fund-Trinidad and Tobago Defence Force 4,124,694.89 Agriculture Disaster Relief Fund 320,132.04 Seized Assets Fund 34,252,138.27

TOTAL 7,177,719,044.78

156 SCHEDULE B

SCHEDULE OF TRUST FUNDS APPEARING IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

TITLE OF FUND FUND BALANCE

$ ¢ Land Assurance Fund 9,052,341.10 Official Receiver 158,543.95 Post Office Savings Bank 13,487,867.03 Public Trustee 5,073,093.55 Sugar Industry Labour Welfare Fund 52,346,153.61 Sugar Industry Price Stabilisation Fund 526,600.91 Sugar Industry Rehabilitation Fund 4,450,913.82 Suitors Fund and Money-Registrar and Marshall, P.O.S 1,062,987.72 Suitors Fund and Money-Sub-Registrar, San Fernando 1,103,445.58 Suitors Fund and Money-Sub-Registrar, Tobago 88,856.58 Trinidad Assurance Companies Ordinance 1943 175,389.26 Cane Farmers' Cess 188.59 Cane Farmers Rehabilitation Board 94,833.48 Comptroller of Accounts-In Trust for B & C Deosaran 2,000.00 Petroleum Products Subsidy Fund 492,397,397.47 Mortgage re: Diawantee Nandoo 2,544.30 50MN 12 1/4 % Loan Stock Redeemed 2009 - Unclaimed Funds 313,875.06 Telecommunication Authority of Trinidad and Tobago. 74,550,986.00

TOTAL 654,888,018.01

157 SCHEDULE C(i)

THE UNEMPLOYMENT FUND

(Established under Section 14(2) of the Unemployment Levy Act, Chapter 75:03)

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

Previous Year

$ ¢ $ ¢ RECEIPTS

121,863,974.88 Board of Inland Revenue Receipts 343,256,191.11

121,863,974.88 TOTAL LEVY COLLECTED 343,256,191.11

Add: Interest on Cash Balances: 31,111,634.12 Interest received for the financial year 2019 30,940,378.88 84,494.45 Add: Miscellaneous Receipts 0.00

218,393.31 Add: Recoveries of Overpayment for previous year 484,630.72

31,414,521.88 TOTAL RECEIPTS 374,681,200.71

PAYMENTS

87,056,234.50 Ministry of Agriculture, Land and Fisheries 83,180,023.87

167,098,547.28 Ministry of Works and Transport 180,292,071.98 18,000,000.00 Ministry of Works and Transport Tobago House of Assembly 18,000,000.00 272,154,781.78 TOTAL PAYMENTS 281,472,095.85

(118,876,285.02) Excess of Receipts over Payments for the financial year 2019 93,209,104.86

7,899,009,965.58 Add: Balance brought forward from September 30, 2018 7,780,133,680.56 7,780,133,680.56 BALANCE AS AT SEPTEMBER 30, 2019 7,873,342,785.42

158 SCHEDULE C(ii)

THE UNEMPLOYMENT FUND

(Established under Section 14(2) of the Unemployment Levy Act, Chapter 75:03)

STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢

ASSETS

7,780,133,680.56 Cash 7,873,342,785.42

7,780,133,680.56 7,873,342,785.42

LIABILITIES

(118,876,285.02) Excess of Receipts over Payments for the financial year 2019 93,209,104.86

7,899,009,965.58 Add: Balance brought forward from September 30, 2018 7,780,133,680.56

7,780,133,680.56 7,873,342,785.42

159 SCHEDULE D (i)

INFRASTRUCTURE DEVELOPMENT FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 347 dated December 29, 1997

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢ RECEIPTS

Add: Amount transferred from the Consolidated Fund to the 1,600,000,000.00 Infrastructure Development Fund in the financial year 2019 2,150,000,000.00

0.00 Add: Recoveries of Overpayment for Previous Years 0.00

2,907,867.91 Interest received for the financial year 2019 1,645,027.54 1,602,907,867.91 TOTAL RECEIPTS 2,151,645,027.54

PAYMENTS

1,839,902,245.92 See Appendix ( 1 ) 2,180,950,686.70

1,839,902,245.92 TOTAL PAYMENTS 2,180,950,686.70

(236,994,378.01) Excess of Payments over Receipts for the financial year 2019 (29,305,659.16)

330,271,636.63 Add: Balance brought forward from September 30, 2018 93,277,258.62

93,277,258.62 BALANCE AS AT SEPTEMBER 30, 2019 63,971,599.46

160 SCHEDULE D(ii)

INFRASTRUCTURE DEVELOPMENT FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 347 dated December 29, 1997

STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢ ASSETS

93,277,258.62 Cash 63,971,599.46 93,277,258.62 63,971,599.46

LIABILITIES

(236,994,378.01) Excess of Payments over Receipts for the financial year 2019 (29,305,659.16)

330,271,636.63 Add: Balance brought forward from September 30, 2018 93,277,258.62

93,277,258.62 63,971,599.46

161 APPENDIX 1

INFRASTRUCTURE DEVELOPMENT FUND

STATEMENT OF PAYMENTS FOR THE FINANCIAL YEAR ENDED 2012 SEPTEMBER 30

AU/ Total Warrants Unexpended Agencies Sub Head Issued Cheques Issued Balance $ $ $ Office of the Prime Minister 5/13 8,687,682.00 8,687,675.10 6.90 Ministry of National Security 07/22 618,126.00 618,125.01 0.99

Trinidad and Tobago Police Service 08/64 149,742,458.00 149,742,405.15 52.85 Ministry of Education 11/26 463,719,970.00 457,102,830.48 6,617,139.52 Ministry of Health 16/28 46,479,124.00 43,868,893.96 2,610,230.04 Ministry of Energy and Energy Affairs 23/40 319,592,198.00 319,592,198.00 0.00 Office of the Parliament 38/05 16,891,950.00 16,891,944.04 5.96 Ministry of Housing Land & Marine Affairs 50/61 2,098,792,153.00 2,098,792,147.60 5.40 Ministry of Public Administration 56/31 3,361,915.00 3,361,914.60 0.40

Ministry of Community Development 58/62 39,887,483.00 39,887,483.00 0.00 Ministry of Local Government 61/42 416,941,830.00 416,716,733.36 225,096.64 Ministry of Transport 62/34 2,250,682.00 2,250,682.00 0.00 Ministry of Labour & Small & Micro Enterprise Development 63/30 3,188,536.00 3,188,536.00 0.00 Ministry of Trade and Industry 65/48 52,144,266.00 52,118,075.78 26,190.22 Ministry of The Attorney General 67/23 3,687,196.00 3,687,195.08 0.92 Ministry of Food Production 68/25 8,286,160.00 8,286,160.00 0.00 Ministry of Tourism 71/35 14,996,854.00 16,413,875.70 (1,417,021.70) Ministry of the Arts and Multiculturalism 76/63 208,439,126.00 208,439,125.34 0.66 Ministry of Foreign Affairs and Communication 77/65 1,074,814.00 1,074,813.10 0.90 Ministry of Sport 80/68 191,336,375.00 191,336,375.00 0.00 Ministry of Works and Infrastructure 81/69 708,766,293.00 705,715,244.15 3,051,048.85 Ministry of Gender, Youth & Child Development 78/66 233,400.00 233,400.00 0.00 Ministry of Planning & Sustainable Development 79/67 19,809,007.00 19,809,003.39 3.61 Ministry of National Diversity & Sustainable Development 80/74 1,229,965.00 1,229,965.00 0.00 Ministry of the Environment & Water Resources 83/71 166,373,085.00 166,141,958.55 231,126.45 Ministry of Tertiary Education & Skills Training 84/72 211,595,796.00 207,413,062.00 4,182,734.00 Ministry of Justice 75/58 1,500,000.00 1,136,549.60 363,450.40 TOTAL 5,159,626,444.00 5,143,736,370.99 15,890,073.01

174

APPENDIX 1 INFRASTRUCTURE DEVELOPMENT FUND STATEMENT OF PAYMENTS FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

AU/ Total Warrants Unexpended Agencies Sub Head Issued Cheques Issued Balance $ $ $ Office of the Prime Minister 5/13 80,766,378.00 80,766,367.64 10.36 Ministry of National Security 07/22 38,554,812.00 38,554,808.52 3.48 Trinidad and Tobago Police Service 08/64 64,017,278.00 64,017,249.06 28.94 Ministry of Communications 82/70 4,280,415.00 4,280,414.02 0.98 Ministry of Health 16/28 275,596,841.00 275,596,787.17 53.83

Ministry of Energy and Energy 23/40 Industries 11,837,615.00 11,837,614.24 0.76 Ministry of Housing and Urban 50/61 Development 210,615,843.00 210,615,837.17 5.83 Ministry of Community Development, Culture and the 58/62 Arts 55,767,947.00 55,767,932.62 14.38

Ministry of Rural Development 61/42 and Local Government 15,050,014.00 15,050,002.31 11.69 Ministry of Trade and Industry 65/48 30,795,924.00 30,795,044.00 880.00 Ministry of Agriculture, Land and Fisheries 88/77 56,066,846.00 56,066,843.63 2.37 Ministry of Sport and Youth Affairs 80/68 41,027,801.00 41,054,801.00 -27,000.00

Ministry of Works and Transport 60/43 783,442,463.00 767,741,643.14 15,700,819.86

Ministry of Labour and Small Enterprise Development 63/30 347,067.00 347,065.72 1.28 Ministry of Public Utilities 59/39 163,866,993.00 162,531,899.16 1,335,093.84 Ministry of Planning and Development 79/67 861,064.00 861,063.78 0.22

Ministry of Education 11/26 372,797,937.00 365,065,313.52 7,732,623.48 TOTAL 2,205,693,238.00 2,180,950,686.70 24,742,551.30

162 SCHEDULE E(i)

NATIONAL UNION OF GOVERNMENT AND FEDERATED WORKERS TRAINING FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 280 dated September 27, 2004

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢ RECEIPTS

Amount transferred from the Consolidated Fund to the National Union of Government and Federated Workers 0.00 Training Fund in the Financial Year 2019 0.00

Add: Interest on Cash Balances: 34,209.70 Interest received for the financial year 2019 34,346.54

34,209.70 TOTAL RECEIPTS 34,346.54

PAYMENTS

0.00 TOTAL PAYMENTS 0.00

34,209.70 Excess of Receipts over Payments for the financial year 2019 34,346.54

8,552,424.83 Add: Balance brought forward from September 30, 2018 8,586,634.53

8,586,634.53 BALANCE AS AT SEPTEMBER 30, 2019 8,620,981.07

163 SCHEDULE E(ii)

NATIONAL UNION OF GOVERNMENT AND FEDERATED WORKERS TRAINING FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 280 dated September 27, 2004

STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢ ASSETS

8,586,634.53 Cash 8,620,981.07

8,586,634.53 8,620,981.07

LIABILITIES

34,209.70 Excess of Receipts over Payments for the financial year 2019 34,346.54

8,552,424.83 Add: Balance brought forward from September 30, 2018 8,586,634.53

8,586,634.53 8,620,981.07

164 SCHEDULE F(i)

GOVERNMENT ASSISTANCE FOR TUITION EXPENSES (GATE) FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.329 dated December 09, 2004

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢ RECEIPTS

Amount transferred from the Consolidated Fund to the Government 434,300,000.00 Assistance for Tuition (GATE) Fund in the financial year 2019 435,000,000.00

6,007,192.00 Add: Miscellaneous Receipts 3,652,715.65

Add: Interest on Cash Balances: 604,711.35 Interest received for the financial year 2019 443,259.29 440,911,903.35 TOTAL RECEIPTS 439,095,974.94

PAYMENTS

434,182,754.85 Ministry of Education 434,966,837.18

434,182,754.85 TOTAL PAYMENTS 434,966,837.18

6,729,148.50 Excess of Receipts over Payments for the financial year 2019 4,129,137.76

65,516,050.35 Add: Balance brought forward from September 30, 2018 72,245,198.85

72,245,198.85 BALANCE AS AT SEPTEMBER 30, 2019 76,374,336.61

165 SCHEDULE F(ii)

GOVERNMENT ASSISTANCE FOR TUITION EXPENSES (GATE) FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No.329 dated December 09, 2004

STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢

ASSETS

72,245,198.85 Cash 76,374,336.61

72,245,198.85 76,374,336.61

LIABILITIES

6,729,148.50 Excess of Receipts over Payments for the financial year 2019 4,129,137.76

65,516,050.35 Add: Balance brought forward from September 30, 2018 72,245,198.85

72,245,198.85 76,374,336.61

166 SCHEDULE G(i)

GREEN FUND

(Finance Act # 5 of 2004 dated January 30, 2004 Part VI Section 8(b))

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢ RECEIPTS

793,943,074.71 Board of Inland Revenue Receipts 934,530,140.11 238,896.67 Less: Dishonoured Cheques 211,715.46 2,409,847.08 Less: Adjustments 2,468,513.72 116.35 Add: Adjustments 0.00 791,294,447.31 931,849,910.93

Add: Interest on Cash Balances: 21,850,879.05 Interest received for the financial year 2019 25,299,767.27

813,145,326.36 TOTAL RECEIPTS 957,149,678.20

PAYMENTS 13,649,273.00 767,315.00 Ministry of Planning and Development 767,315.00 TOTAL PAYMENTS 13,649,273.00

812,378,011.36 Excess of Receipts over Payments for the financial year 2019 943,500,405.20

5,190,253,513.93 Add: Balance brought forward from September 30, 2018 6,002,631,525.29

6,002,631,525.29 BALANCE AS AT SEPTEMBER 30, 2019 6,946,131,930.49

167 SCHEDULE G(ii)

GREEN FUND

(Finance Act #5 of 2004 dated January 30, 2004 Part VI Section 8(b))

STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢

ASSETS

6,002,631,525.29 Cash 6,946,131,930.49

6,002,631,525.29 6,946,131,930.49

LIABILITIES

812,378,011.36 Excess of Receipts over Payments for the financial year 2019 943,500,405.20

5,190,253,513.93 Add: Balance brought forward from September 30, 2018 6,002,631,525.29

6,002,631,525.29 6,946,131,930.49

168 SCHEDULE H(i)

CARICOM TRADE SUPPORT FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 13 dated January 12, 2005

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢

RECEIPTS

0.00 Amount transferred from the Consolidated Fund 0.00

Add: Interest on Cash Balances : 161,649.62 Interest received for the financial year 2019

161,649.62 TOTAL RECEIPTS -

PAYMENTS 0.00 0.00 0.00 TOTAL PAYMENTS 0.00

161,649.62 Excess of Receipts over Payments for the financial year 2019

40,412,405.94 Add: Balance brought forward from September 30, 2018

40,574,055.56 BALANCE AS AT SEPTEMBER 30, 2019 0.00

169 SCHEDULE H(ii)

CARICOM TRADE SUPPORT FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 13 dated January 12, 2005

STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢

ASSETS

40,574,055.56 Cash

40,574,055.56 0.00

LIABILITIES

161,649.62 Excess of Receipts over Payments for the financial year 2019

40,412,405.94 Add: Balance brought forward from September 30, 2018

40,574,055.56 0.00

170 SCHEDULE I(i)

CARICOM PETROLEUM FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 302 dated November 23, 2006

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢ RECEIPTS

Amount transferred from the Consolidated Fund to the CARICOM 0.00 Petroleum Fund in the financial year 2019 0.00

Add: Interest on Cash Balances : 969,797.10 Interest received for the financial year 2019 973,676.29

969,797.10 TOTAL RECEIPTS 973,676.29

PAYMENTS

0.00 Payments for the financial year 2019 0.00

0.00 TOTAL PAYMENTS 0.00

969,797.10 Excess of Receipts over Payments for the financial year 2019 973,676.29

242,449,275.27 Add: Balance brought forward from September 30, 2018 243,419,072.37

243,419,072.37 BALANCE AS AT SEPTEMBER 30, 2019 244,392,748.66

171 SCHEDULE I(ii)

CARICOM PETROLEUM FUND

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 302 dated November 23, 2006

STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢

ASSETS

243,419,072.37 Cash 244,392,748.66

243,419,072.37 244,392,748.66

LIABILITIES

969,797.10 Excess of Receipts over Payments for the financial year 2019 973,676.29

242,449,275.27 Add: Balance brought forward from September 30, 2018 243,419,072.37

486,838,144.74243,419,072.37 244,392,748.66

172 SCHEDULE J(i)

NATIONAL WASTE WATER REVOLVING FUND OF TRINIDAD AND TOBAGO

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 255 dated December 11, 2013

STATEMENT OF RECEIPTS AND PAYMENTS FOR THE FINANCIAL YEAR ENDED SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢ RECEIPTS

Amount transferred from the Consolidated Fund to the National 0.00 Waste Water Revolving Fund in the financial year 2019 0.00

0.00 Inter American Development Bank Grant Funding 0.00

Add: Interest on Cash Balances : 0.00 Interest received for the financial year 2019 0.00

0.00 TOTAL RECEIPTS 0.00

PAYMENTS

0.00 Payments for the financial year 2019 0.00

0.00 TOTAL PAYMENTS 0.00

0.00 Excess of Receipts over Payments for the financial year 2019 0.00

16,965,400.00 Add: Balance brought forward from September 30, 2018 16,965,400.00

16,965,400.00 BALANCE AS AT SEPTEMBER 30, 2019 16,965,400.00

173 SCHEDULE J(ii)

NATIONAL WASTE WATER REVOLVING FUND OF TRINIDAD AND TOBAGO

(Established under Section 43(2) of the Exchequer and Audit Act, Chapter 69:01) Legal Notice No. 255 dated December 11, 2013

STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2019

Previous Year $ ¢ $ ¢

ASSETS

16,965,400.00 Cash 16,965,400.00

16,965,400.00 16,965,400.00

LIABILITIES

0.00 Excess of Receipts over Payments for the financial year 2019 0.00

16,965,400.00 Add: Balance brought forward from September 30, 2018 16,965,400.00

16,965,400.00 16,965,400.00

174

APPROPRIATION ACCOUNTS

175

Head 18: ministry of finance

appropriation account

For the

Financial year 2019

176

APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD - 18 MINISTRY OF FINANCE

SECTION A - SUMMARY OF EXPENDITURE -1

REVISED ACTUAL V A R I A N C E SUB-HEADS ESTIMATES EXPENDITURE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019 $ c $ c $ c $ c $ c

01 PERSONNEL EXPENDITURE 363,707,570.00 315,935,294.17 47,772,275.83 0.00 Original Provision 363,707,570.00

02 GOODS AND SERVICES 427,052,260.00 307,744,935.24 119,307,324.76 0.00 Original Provision 420,752,260.00 Add: Transfer of Funds from 18/04/009/41 dd. 09/11/2019 6,300,000.00

03 MINOR EQUIPMENT PURCHASES 19,651,840.00 3,725,650.12 15,926,189.88 0.00 Original Provision 19,651,840.00

04 CURRENT TRANSFERS AND SUBSIDIES 4,288,252,777.00 4,255,086,111.40 33,166,665.60 0.00 Original Provision 5,058,206,450.00 Less: Transfer of Funds to 18/02/001/28 dd. 09/11/2019 (6,300,000.00) Less: Transfer of Funds to 18/07/001/23 dd. 08/07/2019 (5,853,673.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (77,500,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (13,200,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (32,000,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (23,700,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (12,000,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (156,500,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (36,000,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (66,100,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (50,000,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (31,500,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (20,000,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (25,000,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (114,300,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (30,000,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (43,900,000.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (26,100,000.00)

177 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD - 18 MINISTRY OF FINANCE

SECTION A - SUMMARY OF EXPENDITURE -1

REVISED ACTUAL V A R I A N C E SUB-HEADS ESTIMATES EXPENDITURE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019 $ c $ c $ c $ c $ c

06 CURRENT TRANSFERS TO STATUTORY 0.00 0.00 0.00 0.00 BOARDS AND SIMILAR BODIES

07 DEBT SERVICING 1,726,876,317.00 1,719,855,282.30 7,021,034.70 0.00 Original Provision 963,222,644.00 Add: Transfer of Funds from 18/04/011/26 dd. 08/07/2019 5,853,673.00 Add: Transfer of Funds from 18/04/001/01 dd. 12/31/2019 77,500,000.00 Add: Transfer of Funds from 18/04/007/04 dd. 12/31/2019 13,200,000.00 Add: Transfer of Funds from 18/04/007/06 dd. 12/31/2019 32,000,000.00 Add: Transfer of Funds from 18/04/007/15 dd. 12/31/2019 23,700,000.00 Add: Transfer of Funds from 18/04/007/17 dd. 12/31/2019 12,000,000.00 Add: Transfer of Funds from 18/04/009/11 dd. 12/31/2019 156,500,000.00 Add: Transfer of Funds from 18/04/009/23 dd. 12/31/2019 36,000,000.00 Add: Transfer of Funds from 18/04/009/28 dd. 12/31/2019 66,100,000.00 Add: Transfer of Funds from 18/04/009/40 dd. 12/31/2019 50,000,000.00 Add: Transfer of Funds from 18/04/009/41 dd. 12/31/2019 31,500,000.00 Add: Transfer of Funds from 18/04/009/42 dd. 12/31/2019 20,000,000.00 Add: Transfer of Funds from 18/04/011/23 dd. 12/31/2019 25,000,000.00 Add: Transfer of Funds from 18/04/011/26 dd. 12/31/2019 114,300,000.00 Add: Transfer of Funds from 18/04/011/68 dd. 12/31/2019 30,000,000.00 Add: Transfer of Funds from 18/04/011/85 dd. 12/31/2019 43,900,000.00 Add: Transfer of Funds from 18/04/011/86 dd. 12/31/2019 26,100,000.00

09 DEVELOPMENT PROGRAMME 104,018,071.00 42,519,259.76 61,498,811.24 0.00 Original Provision 104,018,071.00

TOTAL 6,929,558,835.00 6,644,866,532.99 284,692,302.01 0.00

178 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE

SECTION B - SUMMARY OF EXPENDITURE-2

ESTIMATES ACTUAL SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR EXPENDITURE V A R I A N C E 2019 FINANCIAL YEAR 2019

$ c $ c $ c SUB HEAD 01 PERSONNEL EXPENDITURE 363,707,570.00 315,935,294.17 47,772,275.83

Sub Item 01 Salaries and C.O.L.A 257,567,726.00 229,430,802.38 28,136,923.62 02 Wages and C.O.L.A. 6,270,800.00 4,844,963.49 1,425,836.51 03 Overtime 41,896,600.00 41,351,575.92 545,024.08 04 Allowances 14,601,000.00 11,114,872.16 3,486,127.84 05 Government's Contribution to N.I.S 23,713,000.00 19,216,825.98 4,496,174.02 06 Remuneration to Board Members 871,484.00 492,193.55 379,290.45 08 Vacant Posts - Salaries & C.O.L.A. 5,211,000.00 0.00 5,211,000.00 (without Incumbents) 12 Settlement of Arrears to Public Officers- Govt's 0.00 0.00 0.00 Contribution to Group Health 14 Remuneration to Members of Cabinet - 732,000.00 81,060.18 650,939.82 Appointed Committees 20 Insurance - Daily-Rated Workers 67,800.00 52,714.50 15,085.50 21 Govt's Contribution to Group Pension- 30,000.00 0.00 30,000.00 Daily-Rated Workers 23 Salaries-Direct Charges 6,860,060.00 5,120,511.59 1,739,548.41 24 Allowances - Direct Charges 930,100.00 538,752.28 391,347.72 26 Vacant Posts - Salaries and C.O.L.A. 40,000.00 0.00 40,000.00 27 Gov't. Contribution to Group Health Insurance - 3,949,000.00 3,125,523.00 823,477.00 Monthly Paid Officers 29 Overtime-Daily Rated Workers 575,000.00 280,001.74 294,998.26 31 Government Contribution to NIS - Direct Charges 392,000.00 285,497.40 106,502.60

SUB HEAD 02 GOODS AND SERVICES 427,052,260.00 307,744,935.24 119,307,324.76 Sub Item 01 Travelling 21,178,899.00 15,608,850.15 5,570,048.85 03 Uniforms 1,156,416.00 1,082,122.73 74,293.27 04 Electricity 12,924,730.00 9,867,115.71 3,057,614.29 05 Telephones 11,985,636.00 6,608,616.38 5,377,019.62 06 Water and Sewerage Authority 434,000.00 307,934.37 126,065.63 07 House Rates 39,500.00 0.00 39,500.00 08 Rent /Lease - Accommodation/Storage 40,314,313.00 34,051,403.08 6,262,909.92 09 Rent /Lease - Vehicles/Equipment 300,214.00 196,812.75 103,401.25 10 Office Stationery and Supplies 6,102,310.00 4,581,883.14 1,520,426.86 11 Books and Periodicals 823,255.00 296,035.98 527,219.02 12 Materials and Supplies 5,364,070.00 4,480,376.94 883,693.06 13 Maintenance of Vehicles 1,248,992.00 959,449.83 289,542.17 15 Repairs and Maintenance - Equipment 27,942,291.00 21,904,736.22 6,037,554.78 16 Contract Employment 76,573,108.00 67,566,122.19 9,006,985.81 17 Training 4,316,830.00 836,000.68 3,480,829.32 19 Official Entertainment 200,000.00 0.00 200,000.00 21 Repairs and Maintenance - Buildings 8,435,000.00 5,184,810.19 3,250,189.81 22 Short Term Employment 22,311,561.00 17,779,240.10 4,532,320.90 23 Fees 21,380,607.00 17,779,595.00 3,601,012.00 24 Refunds and Rebates 3,000.00 640.68 2,359.32 25 Audit of Overseas Missions 0.00 0.00 0.00 27 Official Overseas Travel 2,000,000.00 1,989,754.52 10,245.48 28 Other Contracted Services 102,407,069.00 51,059,026.55 51,348,042.45 29 Losses on Foreign Currency Conversion 50,000.00 33,639.38 16,360.62 30 Government Vehicles Insurance Claims 5,000.00 0.00 5,000.00 32 Losses of Public Money etc. 500.00 0.00 500.00 33 Interest on Late Vat Refunds 1,000.00 0.00 1,000.00 34 University Graduate Recruitment Programme 1,000,000.00 0.00 1,000,000.00 35 Interest on Overpayment of Income Tax 1,000.00 0.00 1,000.00 36 Extraordinary Expenditure 411,586.00 411,584.59 1.41 37 Janitorial Services 12,258,140.00 9,465,266.75 2,792,873.25 43 Security Services 19,792,352.00 15,116,245.41 4,676,106.59 56 Losses of Public Money on Payment to 721,250.00 721,249.17 0.83 Pensioners through Banks

Goods and Services c/f 401,682,629.00 287,888,512.49 113,794,116.51

179 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE

SECTION B - SUMMARY OF EXPENDITURE-2

ESTIMATES ACTUAL SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR EXPENDITURE V A R I A N C E 2019 FINANCIAL YEAR 2019

$ c $ c $ c

b/f SUB HEAD 02 GOODS AND SERVICES (cont'd) 401,682,629.00 287,888,512.49 113,794,116.51

57 Postage 2,513,719.00 1,250,441.05 1,263,277.95 58 Medical Expenses 693,500.00 12,000.00 681,500.00 60 Travelling-Direct Charges 1,317,060.00 838,356.85 478,703.15 61 Insurance 3,248,000.00 3,119,526.25 128,473.75 62 Promotion, Publicity and Printing 2,024,711.00 849,006.52 1,175,704.48 65 Expenses of Cabinet Appointed Bodies 56,545.00 0.00 56,545.00 66 Hosting of Conferences,Seminars,and Other Functions 1,803,558.00 326,440.66 1,477,117.34 85 Outstanding Insurance Claims - Government Vehicles 1,945,753.00 1,943,710.78 2,042.22 92 Claims for Payment in respect of Void Cheques 9,965,000.00 9,942,755.72 22,244.28 95 Fleet Card-Initial Load 892,000.00 889,700.00 2,300.00 96 Fuel and Lubricants 749,145.00 604,677.42 144,467.58 99 Employee Assistance Programme 160,640.00 79,807.50 80,832.50

SUB HEAD 03 MINOR EQUIPMENT PURCHASES 19,651,840.00 3,725,650.12 15,926,189.88 Item 01 Vehicles 0.00 0.00 0.00 02 Office Equipment 7,688,400.00 2,086,630.30 5,601,769.70 03 Furniture and Furnishings 5,359,380.00 651,308.68 4,708,071.32 04 Other Minor Equipment 6,604,060.00 987,711.14 5,616,348.86

SUB HEAD 04 CURRENT TRANSFERS 4,288,252,777.00 4,255,086,111.40 33,166,665.60 AND SUBSIDIES

Item 001 Regional Bodies 57,057,130.00 55,136,022.04 1,921,107.96 002 Commonwealth Bodies 80,000.00 0.00 80,000.00 004 International Bodies 43,276,027.00 37,564,305.93 5,711,721.07 005 Non - Profit Institutions 157,200.00 0.00 157,200.00 007 Households 223,233,721.00 221,768,858.97 1,464,862.03 009 Other Transfers 2,681,551,712.00 2,674,654,420.37 6,897,291.63 011 Transfers to State Enterprises 1,282,896,987.00 1,265,962,504.09 16,934,482.91

SUB HEAD 06 CURRENT TRANSFERS TO STATUTORY BOARDS AND SIMILAR BODIES 0.00 0.00 0.00

SUB HEAD 07 - DEBT SERVICING 1,726,876,317.00 1,719,855,282.30 7,021,034.70

Item 001 Interest - Local Loans 172,936,073.00 167,876,664.94 5,059,408.06 002 Interest - Foreign Loans 0.00 0.00 0.00 009 Interest on Overdraft 1,263,169,874.00 1,263,169,873.10 0.90 011 Principal Repayments - Local Loans 290,770,370.00 288,808,744.26 1,961,625.74 012 Principal Repayments - Foreign Loans 0.00 0.00 0.00

TOTAL RECURRENT EXPENDITURE 6,825,540,764.00 6,602,347,273.23 223,193,490.77

SUB HEAD 09 - DEVELOPMENT PROGRAMME 104,018,071.00 42,519,259.76 61,498,811.24

Sub Item 005 Multi-Sectoral and Other Services 104,018,071.00 42,519,259.76 61,498,811.24

GRAND TOTAL 6,929,558,835.00 6,644,866,532.99 284,692,302.01

180 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE

SECTION D - NOTES TO THE ACCOUNTS

NOTE 3 - Comparative Statement of Expenditure for the last five (5) financial years 2015 - 2019

EXPENDITURE C L A S S I F I C A T I O N SUB HEADS

01 02 03 04 06 07 09 CURRENT FINANCIAL MINOR CURRENT TRANSFERS YEAR PERSONNEL GOODS AND EQUIPMENT TRANSFERS TO DEBT DEVELOPMENT TOTAL EXPENDITURE SERVICES PURCHASES AND STATUTORY SERVICING PROGRAMME SUBSIDIES BOARDS AND SIMILAR 0.00 BODIES $ c $ c $ c $ c $ c $ c $ c $ c

2015 394,307,484.04 296,145,052.82 8,473,873.35 4,747,677,485.31 36,557,300.00 1,816,032,767.31 9,073,101.60 7,308,267,064.43

2016 356,537,786.74 258,304,858.54 5,740,024.09 2,841,544,498.23 0.00 1,616,826,268.47 5,833,308.45 5,084,786,744.52

2017 323,700,356.39 255,447,555.89 1,850,124.31 1,814,596,776.9 0.00 1,616,527,097.17 57,021,722.16 4,069,143,632.82

2018 343,556,835.30 448,065,628.17 4,675,082.41 2,678,688,624.24 0.00 1,654,141,990.15 61,175,420.03 5,190,303,580.30

2019 315,935,294.17 307,744,935.24 3,725,650.12 4,255,086,111.40 0.00 1,719,855,282.30 42,519,259.76 6,644,866,532.99

Notes (1, 2 and 4-7) - See supporting Divisional Appropriation Accounts

SECTION E - CERTIFICATION

Please see Statement of Declaration and Certification at page 1.

181

Head 18: ministry of finance

(AU 12: comptroller of accounts)

appropriation account

For the

Financial year 2019

182

APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD - 18 MINISTRY OF FINANCE COMPTROLLER OF ACCOUNTS SECTION A - SUMMARY OF EXPENDITURE -1

REVISED ACTUAL V A R I A N C E SUB-HEADS ESTIMATES EXPENDITURE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019 $ c $ c $ c $ c $ c

01 PERSONNEL EXPENDITURE 106,395,410.00 95,557,741.33 10,837,668.67 0.00 Original Provision 106,396,800.00 Less: Virement to 18/02/005/36 dd 08/21/2019 (1,390.00)

02 GOODS AND SERVICES 230,494,280.00 155,897,474.24 74,596,805.76 0.00 Original Provision 224,192,890.00 Add: Transfer of Funds from 18/04/009/41 dd. 09/11/2019 6,300,000.00 Add: Virement from 18/01/017/01 dd 08/21/2019 1,390.00

03 MINOR EQUIPMENT PURCHASES 13,006,860.00 2,568,344.68 10,438,515.32 0.00 Original Provision 13,006,860.00

04 CURRENT TRANSFERS AND SUBSIDIES 4,286,802,947.00 4,254,407,100.14 32,395,846.86 0.00 Original Provision 4,347,756,620.00 Less: Transfer of Funds to 18/02/001/28 dd. 09/11/2019 (6,300,000.00) Less: Transfer of Funds to 18/07/001/23 dd. 08/07/2019 (5,853,673.00) Less: Transfer of Funds to 18/07/009/01 dd. 12/31/2019 (757,800,000.00) Supplementary General Warrant dd 05/03/2019 709,000,000.00

183 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD - 18 MINISTRY OF FINANCE COMPTROLLER OF ACCOUNTS SECTION A - SUMMARY OF EXPENDITURE -1

REVISED ACTUAL V A R I A N C E SUB-HEADS ESTIMATES EXPENDITURE LESS THAN MORE THAN FINANCIAL FINANCIAL ESTIMATES ESTIMATES YEAR 2019 YEAR 2019 $ c $ c $ c $ c $ c

06 CURRENT TRANSFERS TO STAT. BRDS. & SIMILAR BODIES 0.00 0.00 0.00 0.00

07 DEBT SERVICING 1,726,876,317.00 1,719,855,282.30 7,021,034.70 0.00 Original Provision 707,852,770.00 Add: Transfer of Funds from 18/04/011/26 dd. 08/07/2019 5,853,673.00 Add: Transfer of Funds from 18/04/001/01 dd. 12/31/2019 757,800,000.00 Second Supplementary General Warrant dd 01/30/2020 255,369,874.00

09 DEVELOPMENT PROGRAMME 96,068,071.00 40,463,746.32 55,604,324.68 0.00 Original Provision 75,881,000.00 Supplementary General Warrant dd 05/03/2019 20,187,071.00

TOTAL 6,459,643,885.00 6,268,749,689.01 190,894,195.99 0.00

184 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS

SECTION B - SUMMARY OF EXPENDITURE-2

ESTIMATES ACTUAL SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR EXPENDITURE V A R I A N C E 2019 FINANCIAL YEAR 2019

$ c $ c $ c SUB HEAD 01 PERSONNEL EXPENDITURE 106,395,410.00 95,557,741.33 10,837,668.67

Sub Item 01 Salaries and C.O.L.A 91,567,726.00 83,785,487.75 7,782,238.25 02 Wages and C.O.L.A. 1,000.00 0.00 1,000.00 03 Overtime 13,000.00 2,518.54 10,481.46 04 Allowances 3,000,000.00 2,689,063.39 310,936.61 05 Government's Contribution to N.I.S 7,438,000.00 6,765,403.28 672,596.72 06 Remuneration to Board Members 871,484.00 492,193.55 379,290.45 08 Vacant Posts - Salaries & C.O.L.A. 201,000.00 0.00 201,000.00 (without Incumbents) 14 Remuneration to Members of Cabinet - 732,000.00 81,060.18 650,939.82 Appointed Committees 23 Salaries-Direct Charges 1,089,300.00 551,003.22 538,296.78 24 Allowances - Direct Charges 162,900.00 46,403.22 116,496.78 26 Vacant Posts - Salaries and C.O.L.A. 30,000.00 0.00 30,000.00 27 Gov't. Contribution to Group Health Insurance - 1,229,000.00 1,115,331.00 113,669.00 Monthly Paid Officers 31 Government Contribution to NIS - Direct Charges 60,000.00 29,277.20 30,722.80

SUB HEAD 02 GOODS AND SERVICES 230,494,280.00 155,897,474.24 74,596,805.76

Sub Item 01 Travelling 6,240,000.00 4,684,367.05 1,555,632.95 03 Uniforms 126,376.00 76,173.00 50,203.00 04 Electricity 5,160,257.00 4,849,139.26 311,117.74 05 Telephones 3,485,636.00 2,168,513.66 1,317,122.34 06 Water and Sewerage Authority 315,000.00 232,487.31 82,512.69 07 House Rates 2,000.00 0.00 2,000.00 08 Rent /Lease - Accommodation/Storage 18,871,220.00 18,151,894.84 719,325.16 09 Rent /Lease - Vehicles/Equipment 5,000.00 0.00 5,000.00 10 Office Stationery and Supplies 2,332,310.00 1,900,058.20 432,251.80 11 Books and Periodicals 608,255.00 122,795.20 485,459.80 12 Materials and Supplies 1,631,800.00 1,027,223.05 604,576.95 13 Maintenance of Vehicles 208,992.00 163,907.48 45,084.52 15 Repairs and Maintenance - Equipment 8,118,800.00 5,791,824.37 2,326,975.63 16 Contract Employment 28,832,590.00 21,662,162.37 7,170,427.63 17 Training 2,616,830.00 631,547.73 1,985,282.27 19 Official Entertainment 200,000.00 0.00 200,000.00 21 Repairs and Maintenance - Buildings 7,000,000.00 4,823,518.61 2,176,481.39 22 Short Term Employment 16,382,000.00 14,527,759.19 1,854,240.81 23 Fees 18,801,874.00 15,750,629.33 3,051,244.67 25 Audit of Overseas Missions 0.00 0.00 0.00 27 Official Overseas Travel 2,000,000.00 1,989,754.52 10,245.48 28 Other Contracted Services 73,734,458.00 28,769,351.86 44,965,106.14 29 Losses on Foreign Currency Conversion 50,000.00 33,639.38 16,360.62 30 Government Vehicles Insurance Claims 5,000.00 0.00 5,000.00 32 Losses of Public Money etc. 500.00 0.00 500.00 34 University Graduate Recruitment Programme 1,000,000.00 0.00 1,000,000.00 36 Extraordinary Expenditure 67,641.00 67,640.21 0.79 37 Janitorial Services 6,079,240.00 5,245,180.70 834,059.30 43 Security Services 6,332,510.00 5,699,541.03 632,968.97 56 Losses of Public Money on Payment to 721,250.00 721,249.17 0.83 Pensioners through Banks 57 Postage 199,500.00 156,018.96 43,481.04 58 Medical Expenses 620,000.00 0.00 620,000.00 60 Travelling-Direct Charges 233,360.00 82,201.93 151,158.07 61 Insurance 2,948,000.00 2,854,338.63 93,661.37 62 Promotion, Publicity and Printing 1,155,350.00 550,878.33 604,471.67 65 Expenses of Cabinet Appointed Bodies 56,545.00 0.00 56,545.00 66 Hosting of Conferences,Seminars,and Other Functions 1,403,558.00 282,594.59 1,120,963.41 85 Outstanding Insurance Claims - Government Vehicles 1,945,753.00 1,943,710.78 2,042.22 92 Claims for Payment in respect of Void Cheques 9,965,000.00 9,942,755.72 22,244.28 95 Fleet Card-Initial Load 892,000.00 889,700.00 2,300.00 96 Fuel and Lubricants 73,065.00 52,140.28 20,924.72 99 Employee Assistance Programme 72,610.00 52,777.50 19,832.50

185 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS

SECTION B - SUMMARY OF EXPENDITURE-2

ESTIMATES ACTUAL SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR EXPENDITURE V A R I A N C E 2019 FINANCIAL YEAR 2019

$ c $ c $ c

SUB HEAD 03 MINOR EQUIPMENT PURCHASES 13,006,860.00 2,568,344.68 10,438,515.32

Item 01 Vehicles 0.00 0.00 0.00 02 Office Equipment 5,416,700.00 1,428,200.57 3,988,499.43 03 Furniture and Furnishings 3,907,200.00 371,757.01 3,535,442.99 04 Other Minor Equipment 3,682,960.00 768,387.10 2,914,572.90

SUB HEAD 04 - CURRENT TRANSFERS 4,286,802,947.00 4,254,407,100.14 32,395,846.86 AND SUBSIDIES

Item 001 Regional Bodies 56,942,730.00 55,067,101.60 1,875,628.40 004 International Bodies 42,264,780.00 37,164,859.02 5,099,920.98 005 Non - Profit Institutions 157,200.00 0.00 157,200.00 007 Households 222,989,538.00 221,558,215.06 1,431,322.94 009 Other Transfers 2,681,551,712.00 2,674,654,420.37 6,897,291.63 011 Transfers to State Enterprises 1,282,896,987.00 1,265,962,504.09 16,934,482.91

SUB HEAD 06 CURRENT TRANSFERS TO STATUTORY BOARDS AND SIMILAR BODIES 0.00 0.00 0.00

SUB HEAD 07 - DEBT SERVICING 1,726,876,317.00 1,719,855,282.30 7,021,034.70

Item 001 Interest - Local Loans 172,936,073.00 167,876,664.94 5,059,408.06 002 Interest - Foreign Loans 0.00 0.00 0.00 009 Interest on Overdraft 0.00 0.00 0.00 011 Principal Repayments - Local Loans 1,553,940,244.00 1,551,978,617.36 1,961,626.64 012 Principal Repayments - Foreign Loans 0.00 0.00 0.00

TOTAL RECURRENT EXPENDITURE 6,363,575,814.00 6,228,285,942.69 135,289,871.31

SUB HEAD 09 - DEVELOPMENT PROGRAMME 96,068,071.00 40,463,746.32 55,604,324.68

Sub Item 003 Economic Infrastructure 0.00 0.00 0.00 Sub Item 005 Multi-Sectoral and Other Services 96,068,071.00 40,463,746.32 55,604,324.68

GRAND TOTAL 6,459,643,885.00 6,268,749,689.01 190,894,195.99

186 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 01 PERSONNEL EXPENDITURE 106,395,410.00 95,557,741.33 10,837,668.67 0.00 001 General Administration

01 Salaries and Cost of Living Allowance Original Provision 21,000,000.00 Less: Virement to 18/01/001/04 F:Bud: 12/18/4 Sub. I, Vol. I dd. 07/29/2019 (36,000.00) Less: Virement to 18/01/005/04 F:Bud: 12/18/4 Sub. I, Vol. I dd. 07/29/2019 (3,000.00) Less: Virement to 18/01/001/04 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 (130,000.00) Less: Virement to 18/01/005/04 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 (80,000.00) Less: Virement to 18/01/005/05 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 (20,000.00) Less: Virement to 18/01/008/05 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 (120,000.00) Less: Virement to 18/01/008/27 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 (10,000.00) Less: Virement to 18/01/014/05 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 (12,000.00) Less: Virement to 18/01/008/14 F:Bud: 12/18/4 Sub. I, Vol. II, dd. 09/11/2019 (32,000.00) Less: Virement to 18/01/011/06 F:Bud: 12/18/4 Sub. I, Vol. II, dd. 09/11/2019 (27,884.00) Less: Virement to 18/01/008/01 F:Bud: 12/18/4 Sub. I, Vol. II, dd. 09/11/2019 (260,000.00) Less: Virement to 18/01/005/01 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 09/18/2019 (230,000.00) Less: Virement to 18/01/005/04 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 (20,000.00) 20,019,116.00 16,983,999.06 3,035,116.94 0.00

02 Wages and Cost of Living Allowance (including Leave Pay) 1,000.00 0.00 1,000.00 0.00

03 Overtime - Monthly-Paid Officers 11,000.00 2,518.54 8,481.46 0.00

04 Allowances - Monthly-Paid Officers Original Provision 1,000,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/4 Sub. I, Vol. I dd. 07/29/2019 36,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 130,000.00 1,166,000.00 1,157,965.10 8,034.90 0.00

05 Government's Contribution to N.I.S. 1,600,000.00 1,278,036.60 321,963.40 0.00

06 Remuneration to Board Members 20,000.00 0.00 20,000.00 0.00

08 Vacant Posts - Salaries and COLA (Without Incumbents) 150,000.00 0.00 150,000.00 0.00

14 Remuneration to Members of Cabinet - Appointed Committees 650,000.00 0.00 650,000.00 0.00

23 Salaries-Direct Charges 1,089,300.00 551,003.22 538,296.78 0.00

24 Allowances-Direct Charges 162,900.00 46,403.22 116,496.78 0.00

26 Vacant Posts - Salaries and Cost of Living Allowance (without incumbents) - Direct Charges 10,000.00 0.00 10,000.00 0.00

27 Gov't Contribution to Group Health Insurance - Monthly-Paid Officers 200,000.00 171,993.00 28,007.00 0.00

31 Government's Contribution to N.I.S - Direct Charges 60,000.00 29,277.20 30,722.80 0.00

Total General Administration 25,139,316.00 20,221,195.94 4,918,120.06 0.00

187 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

01 PERSONNEL EXPENDITURE (cont'd) 002 Budget Division

01 Salaries and Cost of Living Allowance 14,000,000.00 10,969,112.32 3,030,887.68 0.00

04 Allowances - Monthly-Paid Officers 400,000.00 269,630.00 130,370.00 0.00

05 Government's Contribution to N.I.S. 1,000,000.00 938,051.00 61,949.00 0.00

08 Vacant Posts - Salaries and C.O.L.A. (without Incumbents) 10,000.00 0.00 10,000.00 0.00

27 Government's Contribution to Group Health Insurance - Monthly-Paid Officers 135,000.00 122,853.00 12,147.00 0.00

Total Budget Division 15,545,000.00 12,299,646.32 3,245,353.68 0.00

01 PERSONNEL EXPENDITURE (cont'd) 005 Treasury Division

01 Salaries and Cost of Living Allowance Original Provision 41,500,000.00 Less: Virement to 18/01/008/01 F:Bud: 12/18/4 Sub. I, Vol. VI dd. 09/13/2019 (190,000.00) Less: Virement to 18/01/008/05 F:Bud: 12/18/4 Sub. I, Vol. VI dd. 09/13/2019 (10,000.00) Add: Virement from 18/01/001/01 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 09/18/2019 230,000.00 41,530,000.00 41,519,762.97 10,237.03 0.00

03 Overtime - Monthly-Paid Officers 0.00 0.00 0.00 0.00

04 Allowances - Monthly-Paid Officers Original Provision 421,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/4 Sub. I, Vol. I dd. 07/29/2019 3,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 80,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 20,000.00 524,000.00 520,333.46 3,666.54 0.00

05 Government's Contribution to N.I.S. Original Provision 3,600,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 20,000.00 3,620,000.00 3,460,880.48 159,119.52 0.00

08 Vacant Posts - Salaries and C.O.L.A. (without Incumbents) 10,000.00 0.00 10,000.00 0.00

26 Vacant Posts - Salaries and COLA (without Incumbents) - Direct Charges 10,000.00 0.00 10,000.00 0.00

27 Gov't contribution to Group Health Insurance - Monthly- Paid Officers 700,000.00 648,198.00 51,802.00 0.00

31 Government's Contribution to N.I.S - Direct Charges 0.00 0.00 0.00 0.00

Total Treasury Division 46,394,000.00 46,149,174.91 244,825.09 0.00

188 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

01 PERSONNEL EXPENDITURE (cont'd) 008 Investments Division

01 Salaries and Cost of Living Allowance Original Provision 7,200,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/4 Sub. I, Vol. II, dd. 09/11/2019 260,000.00 Add: Virement from 18/01/005/01 F:Bud: 12/18/4 Sub. I, Vol. VI dd. 09/13/2019 190,000.00 7,650,000.00 7,615,089.29 34,910.71 0.00

05 Government's Contribution to N.I.S. Original Provision 520,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 120,000.00 Add: Virement from 18/01/005/01 F:Bud: 12/18/4 Sub. I, Vol. VI dd. 09/13/2019 10,000.00 650,000.00 606,392.20 43,607.80 0.00

08 Vacant Posts - Salaries and COLA (without Incumbents) 10,000.00 0.00 10,000.00 0.00

14 Remuneration to Members of Cabinet - Appointed Committees Original Provision 50,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 32,000.00 82,000.00 81,060.18 939.82 0.00

27 Gov't Contribution to Group Health Insurance - Monthly-Paid Officers Original Provision 75,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 10,000.00 85,000.00 82,062.00 2,938.00 0.00

Total Investments Division 8,477,000.00 8,384,603.67 92,396.33 0.00

01 PERSONNEL EXPENDITURE (cont'd) 009 Central Tenders Board

01 Salaries and Cost of Living Allowance 5,500,000.00 4,306,369.55 1,193,630.45 0.00

03 Overtime - Monthly Paid Officers 2,000.00 0.00 2,000.00 0.00

04 Allowances - Monthly -Paid Officers 300,000.00 241,573.86 58,426.14 0.00

05 Government's Contribution to N.I.S. 400,000.00 329,127.60 70,872.40 0.00

06 Remuneration to Board Members 400,000.00 40,709.68 359,290.32 0.00

08 Vacant Posts - Salaries and COLA (without Incumbents) 10,000.00 0.00 10,000.00 0.00

27 Government's Contribution to Group Health Insurance - Monthly-Paid Officers 80,000.00 69,165.00 10,835.00 0.00

Total Central Tenders Board 6,692,000.00 4,986,945.69 1,705,054.31 0.00

189 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

01 PERSONNEL EXPENDITURE (cont'd) 011 National Insurance Appeal Board Tribunal

01 Salaries and Cost of Living Allowance 500,000.00 393,487.17 106,512.83 0.00

05 Government's Contribution to N.I.S. 40,000.00 34,925.60 5,074.40 0.00

06 Remuneration to Board Members Original Provision 423,600.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 27,884.00 451,484.00 451,483.87 0.13 0.00

27 Government's Contribution to Group Health Insurance - Monthly-Paid Officers 7,000.00 6,624.00 376.00 0.00

Total National Insurance Appeal Board Tribunal 998,484.00 886,520.64 111,963.36 0.00

01 PERSONNEL EXPENDITURE (cont'd) 014 Financial Intelligence Unit

01 Salaries and Cost of Living Allowance 1,700,000.00 1,633,587.39 66,412.61 0.00

04 Allowances - Monthly-Paid Officers 400,000.00 340,080.97 59,919.03 0.00

05 Government's Contribution to N.I.S. Original Provision 100,000.00 Add: Virement from 18/01/001/01 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 12,000.00 112,000.00 103,351.20 8,648.80 0.00

08 Vacant Posts - Salaries and COLA (without Incumbents) 11,000.00 0.00 11,000.00 0.00

26 Vacant Post - Salaries and COLA (without Incumbents) - Direct Charges 10,000.00 0.00 10,000.00 0.00

27 Gov't Contrib to Grp Hlth Ins -Mthly Paid Officers Insurance - Monthly-Paid Officers 16,000.00 13,248.00 2,752.00 0.00

Total Financial Intelligence Unit 2,249,000.00 2,090,267.56 158,732.44 0.00

01 PERSONNEL EXPENDITURE (cont'd) 017 Office of the Supervisor of Insolvency

01 Salaries and Cost of Living Allowance Original Provision 670,000.00 Less: Virement to 18/02/005/36 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 (1,390.00) 668,610.00 364,080.00 304,530.00 0.00

04 Allowances - Monthly-Paid Officers 210,000.00 159,480.00 50,520.00 0.00

05 Government's Contribution to N.I.S. 16,000.00 14,638.60 1,361.40 0.00

27 Government's Contribution to Group Health Insurance - Monthly-Paid Officers 6,000.00 1,188.00 4,812.00 0.00

Total Office of the Supervisor of Insolvency 900,610.00 539,386.60 361,223.40 0.00

190 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

02 GOODS AND SERVICES 230,494,280.00 155,897,474.24 74,596,805.76 0.00 001 General Administration

01 Travelling and Subsistence 1,600,000.00 1,429,804.19 170,195.81 0.00

03 Uniforms 40,620.00 28,175.00 12,445.00 0.00

04 Electricity 3,500,000.00 3,245,692.74 254,307.26 0.00

05 Telephones 2,000,000.00 965,030.41 1,034,969.59 0.00

06 Water and Sewerage Rates 300,000.00 217,487.31 82,512.69 0.00

07 House Rates 1,000.00 0.00 1,000.00 0.00

08 Rent/Lease - Office Accommodation and Storage 15,739,220.00 15,357,371.11 381,848.89 0.00

09 Rent/Lease - Vehicles & Equipment 5,000.00 0.00 5,000.00 0.00

10 Office Stationery and Supplies Original Provision 300,000.00 Add: Virement from 18/02/001/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/20/2019 100,000.00 400,000.00 397,786.79 2,213.21 0.00

11 Books and Periodicals 550,000.00 85,636.80 464,363.20 0.00

12 Materials and Supplies 500,000.00 282,164.48 217,835.52 0.00

13 Maintenance of Vehicles 100,000.00 75,811.26 24,188.74 0.00

15 Repairs and Maintenance - Equipment Original Provision 690,000.00 Add: Virement from 18/02/001/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/20/2019 900,000.00 1,590,000.00 1,231,877.06 358,122.94 0.00

16 Contract Employment Original Provision 25,000,000.00 Less: Virement to 18/02/001/36 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/22/2018 (66,000.00) Less: Virement to 18/02/001/10 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/20/2019 (100,000.00) Less: Virement to 18/02/001/15 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/20/2019 (900,000.00) Less: Virement to 18/02/001/23 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/20/2019 (10,000,000.00) Less: Virement to18/02/001/61 F:Bud: 12/18/4 Sub. I, Vol. I dd. 06/28/2019 (1,428,000.00) 12,506,000.00 10,829,196.43 1,676,803.57 0.00

17 Training Original Provision 4,000,000.00 Less: Virement to 18/02/001/22 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/06/2019 (1,500,000.00) Less: Virement to18/02/001/43 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 (229,000.00) 2,271,000.00 509,556.45 1,761,443.55 0.00

19 Official Entertainment 200,000.00 0.00 200,000.00 0.00

21 Repairs and Maintenance - Buildings 5,500,000.00 4,596,864.30 903,135.70 0.00

General Administration c/f 46,802,840.00 39,252,454.33 7,550,385.67 0.00

191 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 02 GOODS AND SERVICES 001 General Administration b/f 46,802,840.00 39,252,454.33 7,550,385.67 0.00

22 Short-Term Employment Original Provision 5,000,000.00 Add: Virement from 18/02/001/17 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/06/2019 1,500,000.00 6,500,000.00 5,546,883.48 953,116.52 0.00

23 Fees Original Provision 8,000,000.00 Add: Virement from 18/02/001/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/20/2019 10,000,000.00 18,000,000.00 15,354,188.29 2,645,811.71 0.00

28 Other Contracted Services Original Provision 19,487,580.00 Add: Transfer of Funds from 18/04/009/41 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 6,300,000.00 25,787,580.00 25,032,366.81 755,213.19 0.00

34 University Graduate Recruitment Programme 1,000,000.00 0.00 1,000,000.00 0.00

36 Extraordinary Expenditure Original Provision 0.00 Add: Virement from 18/02/001/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/22/2018 66,000.00 66,000.00 66,000.00 0.00 0.00

37 Janitorial Services 4,450,740.00 4,079,839.50 370,900.50 0.00

43 Security Services Original Provision 3,826,810.00 Add: Virement from 18/02/001/17 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 229,000.00 4,055,810.00 3,717,709.93 338,100.07 0.00

57 Postage 30,000.00 17,242.69 12,757.31 0.00

58 Medical Expenses 600,000.00 0.00 600,000.00 0.00

60 Travelling - Direct Charges 198,800.00 82,201.93 116,598.07 0.00

61 Insurance Original Provision 1,510,000.00 Add: Virement from 18/02/001/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 06/28/2019 1,428,000.00 2,938,000.00 2,854,338.63 83,661.37 0.00

62 Promotions, Publicity and Printing 1,000,000.00 523,676.95 476,323.05 0.00

65 Expenses of Cabinet Appointed Bodies 50,000.00 0.00 50,000.00 0.00

66 Hosting of Conferences, Seminars and Other Functions 500,000.00 85,776.38 414,223.62 0.00

96 Fuel and Lubricants 40,000.00 29,772.74 10,227.26 0.00

99 Employee Assistance Programme 40,000.00 39,567.50 432.50 0.00

Total General Administration 112,059,770.00 96,682,019.16 15,377,750.84 0.00

192 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

01 Travelling and Subsistence 1,800,000.00 1,294,159.04 505,840.96 0.00

05 Telephones 500.00 0.00 500.00 0.00

10 Office Stationery and Supplies 156,000.00 82,469.96 73,530.04 0.00

11 Books and Periodicals 2,000.00 0.00 2,000.00 0.00

12 Materials and Supplies 100,000.00 54,180.01 45,819.99 0.00

15 Repairs and Maintenance - Equipment 60,000.00 33,207.77 26,792.23 0.00

16 Contract Employment Original Provision 1,500,000.00 Less: Virement to 18/02/002/99 F:Bud: 12/18/2 Sub. I, Vol. I dd. 09/27/2019 (910.00) 1,499,090.00 1,219,009.85 280,080.15 0.00

17 Training Original Provision 20,000.00 Less: Virement to 18/02/002/22 F:Bud: 12/18/2 Sub. I, Vol. VI dd. 09/18/2019 (15,000.00) 5,000.00 0.00 5,000.00 0.00

22 Short-Term Employment Original Provision 4,000.00 Add: Virement from 18/02/002/17 F:Bud: 12/18/2 Sub. I, Vol. VI dd. 09/18/2019 15,000.00 19,000.00 10,764.08 8,235.92 0.00

28 Other Contracted Services 10,000.00 0.00 10,000.00 0.00

66 Hosting of Conferences, Seminars and Other Functions 30,000.00 10,000.00 20,000.00 0.00

99 Employee Assistance Programme Original Provision 6,000.00 Add: Virement from 18/02/002/16 F:Bud: 12/18/2 Sub. I, Vol. I dd. 09/27/2019 910.00 6,910.00 6,910.00 0.00 0.00

Total Budget Division 3,688,500.00 2,710,700.71 977,799.29 0.00

02 GOODS AND SESRVICES (cont'd) 005 Treasury Division

01 Travelling and Subsistence Original Provision 900,000.00 Less: Virement to 18/02/005/56 F:Bud: 12/18/4 Sub. I, Vol. II dd. 12/19/2019 (150,000.00) 750,000.00 746,841.07 3,158.93 0.00

03 Uniforms 48,000.00 27,956.00 20,044.00 0.00

04 Electricity Original Provision 1,200,000.00 Add: Virement from 18/02/005/85 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 210,257.00 1,410,257.00 1,410,256.82 0.18 0.00

05 Telephones Original Provision 1,000,000.00 Add: Virement from 18/02/005/85 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 137,803.00 Less: Virement to 18/02/005/23 F:Bud: 12/18/4 Sub. I dd. 01/22/2020 (14,416.00) Less: Virement to 18/02/005/36 F:Bud: 12/18/4 Sub. I dd. 01/22/2020 (251.00) 1,123,136.00 991,639.71 131,496.29 0.00

06 Water and Sewerage Rates 15,000.00 15,000.00 0.00 0.00

Treasury Division c/f 3,346,393.00 3,191,693.60 154,699.40 0.00

193 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 02 GOODS AND SERVICES 005 Treasury Division b/f 3,346,393.00 3,191,693.60 154,699.40 0.00

07 House Rates 1,000.00 0.00 1,000.00 0.00

08 Rent /Lease - Office Accommodation and Storage Original Provision 1,260,000.00 Add: Virement from 18/02/005/85 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 257,000.00 Add: Virement from 18/02/005/15 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 208,200.00 1,725,200.00 1,405,753.73 319,446.27 0.00

10 Office Stationery and Supplies 1,600,000.00 1,317,614.67 282,385.33 0.00

11 Books and Periodicals 20,000.00 15,120.76 4,879.24 0.00

12 Materials and Supplies 900,000.00 611,349.26 288,650.74 0.00

13 Maintenance of Vehicles 20,000.00 16,346.79 3,653.21 0.00

15 Repairs and Maintenance - Equipment Original Provision 6,500,000.00 Less: Virement to 18/02/005/08 F:Bud: 12/18/4 Sub. I,Vol, I dd. 09/27/2019 (208,200.00) 6,291,800.00 4,388,138.03 1,903,661.97 0.00

16 Contract Employment Original Provision 8,600,000.00 Less: Virement to 18/02/005/22 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/28/2018 (2,500,000.00) Less: Virement to 18/02/005/95 F:Bud: 12/18/4 Sub. I, Vol. I dd. 03/14/2019 (429,400.00) Less: Virement to 18/02/005/22 F:Bud: 12/18/4 Sub. I, Vol. I dd. 04/03/2019 (2,500,000.00) Less: Virement to 18/02/005/23 F:Bud: 12/18/4 Sub. I, Vol. V dd. 07/15/2019 (14,000.00) Less: Virement to 18/02/005/22 F:Bud: 12/18/4 Sub. I, Vol. I dd. 07/29/2019 (1,000,000.00) Less: Virement to 18/02/005/95 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 (12,600.00) Less: Virement to 18/02/005/22 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 09/17/2019 (800,000.00) 1,344,000.00 455,639.89 888,360.11 0.00

17 Training 133,900.00 34,732.50 99,167.50 0.00

21 Repairs and Maintenance - Buildings 1,500,000.00 226,654.31 1,273,345.69 0.00

22 Short-Term Employment Original Provision 1,524,000.00 Add: Virement from 18/02/005/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/28/2018 2,500,000.00 Add: Virement from 18/02/005/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 04/03/2019 2,500,000.00 Add: Virement from 18/02/005/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 07/29/2019 1,000,000.00 Add: Virement from 18/02/005/16 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 09/17/2019 800,000.00 8,324,000.00 7,950,335.48 373,664.52 0.00

23 Fees Original Provision 25,000.00 Add: Virement from 18/02/005/16 F:Bud: 12/18/4 Sub. I, Vol. V dd. 07/15/2019 14,000.00 Add: Virement from 18/02/005/92 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/05/2019 35,000.00 Add: Virement from 18/02/005/85 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 20,458.00 Add: Virement from 18/02/005/05 F:Bud: 12/18/4 Sub. I dd. 01/22/2020 14,416.00 108,874.00 108,872.66 1.34 0.00

25 Audit of Overseas Missions Original Provision 200,000.00 Less: Virement to 18/02/005/95 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/17/2019 (200,000.00) 0.00 0.00 0.00 0.00

27 Official Overseas Travel 2,000,000.00 1,989,754.52 10,245.48 0.00

Treasury Division c/f 27,315,167.00 21,712,006.20 5,603,160.80 0.00

194 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 02 GOODS AND SERVICES 005 Treasury Division b/f 27,315,167.00 21,712,006.20 5,603,160.80 0.00

28 Other Contracted Services Original Provision 1,000,000.00 Add: Virement from 18/02/005/85 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/26/2019 13,105.00 Add: Virement from 18/02/005/85 . F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 165,624.00 1,178,729.00 930,239.74 248,489.26 0.00

29 Losses on Foreign Currency Conversion 50,000.00 33,639.38 16,360.62 0.00

30 Government Vehicles Insurance Premium 5,000.00 0.00 5,000.00 0.00

32 Losses of Public Money 500.00 0.00 500.00 0.00

36 Extraordinary Expenditure Original Provision 0.00 Add: Virement from 18/01/017/01 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 1,390.00 Add: Virement from 18/02/005/05 F:Bud: 12/18/4 Sub. I dd. 01/22/2020 251.00 1,641.00 1,640.21 0.79 0.00

37 Janitorial Services 1,350,000.00 1,064,772.12 285,227.88 0.00

43 Security Services Original Provision 2,700,000.00 Less: Virement to 18/02/005/85 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/30/2019 (250,000.00) Less: Virement to 18/02/005/56 F:Bud: 12/18/4 Sub. I, Vol. II dd. 12/19/2019 (445,000.00) 2,005,000.00 1,820,898.32 184,101.68 0.00

52 Losses on Rounding due to Demonetisation of the One Cent Coin 0.00 0.00 0.00 0.00

56 Loss of Public Monies on payment to Pensioners through Banks Original Provision 500.00 Add: Virement from 18/01/005/01 F:Bud: 12/18/4 Sub. I, Vol. II dd. 12/19/2019 150,000.00 Add: Virement from 18/01/005/43 F:Bud: 12/18/4 Sub. I, Vol. II dd. 12/19/2019 445,000.00 Add: Virement from 18/01/005/62 F:Bud: 12/18/4 Sub. I, Vol. II dd. 12/19/2019 125,750.00 721,250.00 721,249.17 0.83 0.00

57 Postage 150,000.00 130,796.27 19,203.73 0.00

58 Medical Expenses 20,000.00 0.00 20,000.00 0.00

60 Travelling - Direct Charges 34,560.00 0.00 34,560.00 0.00

61 Insurance 10,000.00 0.00 10,000.00 0.00

62 Promotions, Publicity and Printing Original Provision 150,000.00 Less: Virement to 18/02/005/56 F:Bud: 12/18/4 Sub. I, Vol. II dd. 12/19/2019 (125,750.00) 24,250.00 14,076.00 10,174.00 0.00

66 Hosting of Seminars,Conferences and Other Functions 70,000.00 16,478.79 53,521.21 0.00

85 Outstanding Insurance Claims - Government Vehicles Original Provision 2,500,000.00 Less: Virement to 18/02/005/28 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/26/2019 (13,105.00) Less: Virement to 18/02/005/08 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 (257,000.00) Less: Virement to 18/02/005/23 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 (20,458.00) Less: Virement to 18/02/005/04 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 (210,257.00) Less: Virement to 18/02/005/05 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 (137,803.00) Less: Virement to 18/02/005/28 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 (165,624.00) Add: Virement from 18/02/005/43 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/30/2019 250,000.00 1,945,753.00 1,943,710.78 2,042.22 0.00

Treasury Division c/f 34,881,850.00 28,389,506.98 6,492,343.02 0.00

195 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 02 GOODS AND SERVICES 005 Treasury Division b/f 34,881,850.00 28,389,506.98 6,492,343.02 0.00

92 Claims for Payment in respect of Void Cheques Original Provision 10,000,000.00 Less: Virement to 18/02/005/23 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/05/2019 (35,000.00) 9,965,000.00 9,942,755.72 22,244.28 0.00

95 Fleet Card - Initial Load Original Provision 250,000.00 Less: Virement to 18/02/005/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 03/14/2019 429,400.00 Add: Virement from 18/02/005/25 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/17/2019 200,000.00 Add: Virement from 18/02/005/16 F:Bud: 12/18/2 Sub. I, Vol.VI dd. 08/21/2019 12,600.00 892,000.00 889,700.00 2,300.00 0.00

96 Fuel and Lubricants 20,000.00 11,019.49 8,980.51 0.00

99 Employee Assistance Programme 10,000.00 3,600.00 6,400.00 0.00

Total Treasury Division 45,768,850.00 39,236,582.19 6,532,267.81 0.00

02 GOODS AND SERVICES (cont'd) 008 Investments Division

01 Travelling and Subsistence 900,000.00 750,329.65 149,670.35 0.00

03 Uniforms Original Provision 16,500.00 Add: Virement from 18/02/008/28 F:Bud: 12/18/4 Sub. I, Vol. I, dd. 02/22/2019 4,866.00 21,366.00 14,144.00 7,222.00 0.00

10 Office Stationery and Supplies 44,310.00 25,336.79 18,973.21 0.00

11 Books and Periodicals Original Provision 10,000.00 Add: Virement from 18/02/008/65 F:Bud: 12/18/4 Sub. I, Vol. I, dd. 06/28/2019 10,255.00 20,255.00 20,147.61 107.39 0.00

12 Materials and Supplies 50,000.00 41,664.83 8,335.17 0.00

13 Maintenance of Vehicles Original Provision 16,500.00 Add: Virement from 18/02/008/66 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 22,892.00 39,392.00 35,752.54 3,639.46 0.00

15 Repairs and Maintenance - Equipment 5,000.00 0.00 5,000.00 0.00

16 Contract Employment 5,000,000.00 3,380,028.80 1,619,971.20 0.00

17 Training Original Provision 30,000.00 Add: Virement from 18/02/008/28 F:Bud: 12/18/4 Sub. I, Vol. I, dd. 02/22/2019 33,930.00 Add: Virement from 18/02/008/66 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/05/2019 4,000.00 Add: Virement from 18/02/008/66 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 14,000.00 81,930.00 75,013.78 6,916.22 0.00

28 Other Contracted Services Original Provision 45,356,310.00 Less: Virement to 18/02/008/03 F:Bud: 12/18/4 Sub. I, Vol. I, dd. 02/22/2019 (4,866.00) Less: Virement to 18/02/008/17 F:Bud: 12/18/4 Sub. I, Vol. I, dd. 02/22/2019 (33,930.00) Less: Virement to 18/02/008/99 F:Bud: 12/18/4 Sub. I, Vol. I, dd. 02/22/2019 (800.00) Less: Virement to 18/02/008/96 F:Bud: 12/18/2 Sub. I, dd. 01/28/2020 (565.00) 45,316,149.00 2,769,955.97 42,546,193.03 0.00

Investments Division c/f 51,478,402.00 7,112,373.97 44,366,028.03 0.00

196 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 02 GOODS AND SERVICES (cont'd) 008 Investments Division b/f 51,478,402.00 7,112,373.97 44,366,028.03 0.00

57 Postage 5,000.00 0.00 5,000.00 0.00

65 Expenses of Cabinet Appointed Bodies Original Provision 16,800.00 Less: Virement to 18/02/008/11 F:Bud: 12/18/4 Sub. I, Vol. I dd. 06/28/2019 (10,255.00) 6,545.00 0.00 6,545.00 0.00

66 Hosting of Conferences, Seminars and Other Functions Original Provision 685,850.00 Less: Virement to 18/02/008/17 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/05/2019 (4,000.00) Less: Virement to 18/02/008/13 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 (22,892.00) Less: Virement to 18/02/008/17 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 (14,000.00) Less: Virement to 18/02/008/99 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 (900.00) 644,058.00 35,245.00 608,813.00 0.00

96 Fuel and Lubricants Original Provision 6,000.00 Add: Virement from 18/02/008/28 F:Bud: 12/18/2 Sub. I, dd. 01/28/2020 565.00 6,565.00 6,564.67 0.33 0.00

99 Employee Assistance Programme Original Provision 1,000.00 Add: Virement from 18/02/008/28 F:Bud: 12/18/4 Sub. I, Vol. I, dd. 02/22/2019 800.00 Add: Virement from 18/02/008/66 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 900.00 2,700.00 2,700.00 0.00 0.00

Total Investments Division 52,143,270.00 7,156,883.64 44,986,386.36 0.00

02 GOODS AND SERVICES (cont'd) 009 Central Tenders Board . 01 Travelling and Subsistence 830,000.00 254,846.99 575,153.01 0.00

03 Uniforms 14,000.00 5,898.00 8,102.00 0.00

04 Electricity 250,000.00 193,189.70 56,810.30 0.00

05 Telephones 150,000.00 91,577.86 58,422.14 0.00

08 Rent /Lease - Office Accommodation and Storage 1,161,000.00 1,161,000.00 0.00 0.00

10 Office Stationery and Supplies Original Provision 30,000.00 Add: Virement from 18/02/009/22 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 12,000.00 42,000.00 40,987.42 1,012.58 0.00

11 Books and Periodicals Original Provision 1,000.00 Add: Virement from 18/02/009/22 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 1,000.00 2,000.00 1,368.03 631.97 0.00

12 Materials and Supplies 10,000.00 9,999.34 0.66 0.00

13 Maintenance of Vehicles Original Provision 5,000.00 Add: Virement from 18/02/009/66 F:Bud: 12/18/4 Sub. I, Vol. II dd. 02/06/2019 10,000.00 15,000.00 10,312.63 4,687.37 0.00

15 Repairs and Maintenance - Equipment Original Provision 10,000.00 Add: Virement from 18/02/009/22 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 12,000.00 22,000.00 21,939.01 60.99 0.00

16 Contract Employment 0.00 0.00 0.00 0.00

17 Training 5,000.00 0.00 5,000.00 0.00

Central Tenders Board c/f 2,501,000.00 1,791,118.98 709,881.02 0.00

197 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 02 GOODS AND SERVICES (cont'd) 009 Central Tenders Board b/f 2,501,000.00 1,791,118.98 709,881.02 0.00

22 Short-Term Employment Original Provision 51,000.00 Less: Virement to 18/02/009/10 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 (12,000.00) Less: Virement to 18/02/009/11 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 (1,000.00) Less: Virement to 18/02/009/15 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 (12,000.00) Less: Virement to 18/02/009/96 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 (2,000.00) 24,000.00 0.00 24,000.00 0.00

37 Janitorial Services 84,500.00 32,475.01 52,024.99 0.00

43 Security Services 166,000.00 160,932.78 5,067.22 0.00

57 Postage 500.00 320.00 180.00 0.00

62 Promotions, Publicity and Printing 20,000.00 6,609.38 13,390.62 0.00

66 Hosting of Conferences, Seminars and Other Functions Original Provision 20,000.00 Less: Virement to 18/02/009/13 F:Bud: 12/18/4 Sub. I, Vol. II dd. 02/06/2019 (10,000.00) 10,000.00 0.00 10,000.00 0.00

96 Fuel and Lubricants Original Provision 4,000.00 Add: Virement from 18/02/009/22 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/11/2019 2,000.00 6,000.00 4,733.38 1,266.62 0.00

99 Employee Assistance Programme 5,000.00 0.00 5,000.00 0.00

Total Central Tenders Board 2,817,000.00 1,996,189.53 820,810.47 0.00

02 GOODS AND SERVICES (cont'd) 011 National Insurance Appeal Board Tribunal

01 Travelling and Subsistence 80,000.00 72,734.50 7,265.50 0.00

03 Uniforms 2,390.00 0.00 2,390.00 0.00

05 Telephones 6,000.00 3,178.16 2,821.84 0.00

08 Rent /Lease - Office Accommodation and Storage 18,000.00 0.00 18,000.00 0.00

10 Office Stationery and Supplies 20,000.00 8,911.16 11,088.84 0.00

11 Books and Periodicals 2,000.00 522.00 1,478.00 0.00

12 Materials and Supplies 1,500.00 0.00 1,500.00 0.00

15 Repairs and Maintenance - Equipment 5,000.00 0.00 5,000.00 0.00

17 Training 50,000.00 0.00 50,000.00 0.00

28 Other Contracted Services 25,000.00 4,050.00 20,950.00 0.00

43 Security Services 105,700.00 0.00 105,700.00 0.00

57 Postage 4,000.00 2,160.00 1,840.00 0.00

62 Promotion, Publicity and Printing 30,000.00 0.00 30,000.00 0.00

66 Hosting of Conferences, Seminars and Other Functions 10,000.00 0.00 10,000.00 0.00

99 Employee Assistance Programme 2,000.00 0.00 2,000.00 0.00

Total National Insurance Appeal Board Tribunal 361,590.00 91,555.82 270,034.18 0.00

198 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 02 GOODS AND SERVICES (cont'd) 014 Financial Intelligence Unit

01 Travelling & Subsistence 100,000.00 88,851.61 11,148.39 0.00

05 Telephones 200,000.00 111,565.69 88,434.31 0.00

08 Rent/Lease - Office Accommodation and Storage Original Provision 211,800.00 Add: Virement from 18/02/014/22 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 16,000.00 227,800.00 227,770.00 30.00 0.00

09 Rent/Lease - Vehicles and Equipment Original Provision 5,000.00 Less: Virement to 18/02/014/57 F:Bud: 12/18/4 Sub. I, Vol. I dd. 06/26/2019 (5,000.00) 0.00 0.00 0.00 0.00 . 10 Office Stationery and Supplies 50,000.00 23,577.93 26,422.07 0.00

11 Books and Periodicals 2,000.00 0.00 2,000.00 0.00

12 Materials and Supplies Original Provision 25,000.00 Add: Virement from 18/02/014/22 F:Bud: 12/18/2 Sub. I, Vol. VI dd. 08/12/2019 10,300.00 35,300.00 22,099.50 13,200.50 0.00

13 Maintenance of Vehicles Original Provision 8,000.00 Add: Virement from 18/02/014/22 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/17/2019 26,600.00 34,600.00 25,684.26 8,915.74 0.00

15 Repairs and Maintenance - Equipment Original Provision 100,000.00 Add: Virement from 18/02/014/23 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/17/2019 40,000.00 140,000.00 116,156.25 23,843.75 0.00

16 Contract Employment Original Provision 7,000,000.00 Less: Virement to 18/02/014/66 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/17/2019 (16,500.00) 6,983,500.00 4,923,674.53 2,059,825.47 0.00

17 Training 50,000.00 7,245.00 42,755.00 0.00

22 Short-Term Employment Original Provision 1,600,000.00 Less: Virement to 18/02/014/13 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/17/2019 (26,600.00) Less: Virement to 18/02/014/12 F:Bud: 12/18/2 Sub. I, Vol. VI dd. 08/12/2019 (10,300.00) Less: Virement to 18/02/014/62 F:Bud: 12/18/2 Sub. I, Vol. VI dd. 08/12/2019 (11,100.00) Less: Virement to 18/02/014/66 F:Bud: 12/18/2 Sub. I, Vol. VI dd. 08/12/2019 (21,000.00) Less: Virement to 18/02/014/08 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 (16,000.00) 1,515,000.00 1,019,776.15 495,223.85 0.00

23 Fees Original Provision 600,000.00 Less: Virement to 18/02/014/15 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/17/2019 (40,000.00) 560,000.00 212,571.99 347,428.01 0.00

28 Other Contracted Services 100,000.00 32,739.34 67,260.66 0.00

37 Janitorial Services 194,000.00 68,094.07 125,905.93 0.00

Financial Intelligence Unit c/f 10,192,200.00 6,879,806.32 3,312,393.68 0.00

199 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 02 GOODS AND SERVICES (cont'd) 014 Financial Intelligence Unit b/f 10,192,200.00 6,879,806.32 3,312,393.68 0.00

57 Postage Original Provision 4,000.00 Add: Virement from 18/02/014/09 F:Bud: 12/18/4 Sub. I, Vol. I dd. 06/26/2019 5,000.00 9,000.00 5,500.00 3,500.00 0.00

62 Promotions, Publicity and Printing Original Provision 50,000.00 Add: Virement from 18/02/014/22 F:Bud: 12/18/2 Sub. I, Vol. VI dd. 08/12/2019 11,100.00 61,100.00 6,516.00 54,584.00 0.00

66 Hosting of Conferences, Seminars and Other Functions Original Provision 100,000.00 Add: Virement from 18/02/014/16 F:Bud: 12/18/4 Sub. I, Vol. I dd. 05/17/2019 16,500.00 Add: Virement from 18/02/014/22 F:Bud: 12/18/2 Sub. I, Vol. VI dd. 08/12/2019 21,000.00 137,500.00 135,094.42 2,405.58 0.00

96 Fuel and Lubricants 500.00 50.00 450.00 0.00

99 Employee Assistance Programme 5,000.00 0.00 5,000.00 0.00

Total Financial Intelligence Unit 10,405,300.00 7,026,966.74 3,378,333.26 0.00

02 GOODS AND SERVICES (cont'd) 017 Office of the Supervisor of Insolvency

01 Travelling ans Subsistence 180,000.00 46,800.00 133,200.00 0.00

05 Telephones 6,000.00 5,521.83 478.17 0.00

10 Office Stationery and Supplies 20,000.00 3,373.48 16,626.52 0.00

11 Books and Periodicals 10,000.00 0.00 10,000.00 0.00

12 Materials and Supplies 35,000.00 5,765.63 29,234.37 0.00

15 Repairs and Maintenance - Equipment 5,000.00 506.25 4,493.75 0.00

16 Contract Employment 1,500,000.00 854,612.87 645,387.13 0.00

17 Training 20,000.00 5,000.00 15,000.00 0.00

23 Fees Original Provision 100,000.00 Add: Virement from 18/02/017/28 F:Bud: 12/18/2 Sub. I, Vol. I dd. 08/12/2019 33,000.00 133,000.00 74,996.39 58,003.61 0.00

28 Other Contracted Services Original Provision 1,350,000.00 Less: Virement to 18/02/017/23 F:Bud: 12/18/2 Sub. I, Vol. I dd. 08/12/2019 (33,000.00) 1,317,000.00 0.00 1,317,000.00 0.00

57 Postage 1,000.00 0.00 1,000.00 0.00

62 Promotions, Publicity and Printing 20,000.00 0.00 20,000.00 0.00

66 Hosting of Conferences, Seminars and Other Functions 2,000.00 0.00 2,000.00 0.00

99 Employee Assistance Programme 1,000.00 0.00 1,000.00 0.00

Total Office of the Supervisor of Insolvency 3,250,000.00 996,576.45 2,253,423.55 0.00

200 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

03 MINOR EQUIPMENT PURCHASES 13,006,860.00 2,568,344.68 10,438,515.32 0.00 001 General Administration

01 Vehicles 0.00 0.00 0.00 0.00

02 Office Equipment Original Provision 500,000.00 Less: Virement to 18/03/001/04 F:Bud: 12/18/4 Sub. I, Vol I. dd. 04/24/2019 (10,000.00) Add: Virement from 18/03/001/03 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/30/2019 198,500.00 688,500.00 676,185.13 12,314.87 0.00

03 Furniture and Furnishings Original Provision 950,000.00 Less: Virement to 18/03/001/04 F:Bud: 12/18/4 Sub. I, Vol I. dd. 01/22/2019 (90,500.00) Less: Virement to 18/03/001/04 F:Bud: 12/18/4 Sub. I, Vol I. dd. 05/20/2019 (209,000.00) Less: Virement to 18/03/001/04 F:Bud: 12/18/4 Sub. I, Vol I. dd. 06/11/2019 (11,300.00) Less: Virement to 18/03/001/04 F:Bud: 12/18/4 Sub. I, Vol I. dd. 06/28/2019 (6,300.00) Less: Virement to 18/03/001/04 F:Bud: 12/18/4 Sub. I, Vol I. dd. 07/29/2019 (4,400.00) Less: Virement to 18/03/001/04 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/05/2019 (1,200.00) Less: Virement to 18/03/001/02 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/30/2019 (198,500.00) 428,800.00 98,856.09 329,943.91 0.00

04 Other Minor Equipment Original Provision 400,000.00 Add: Virement from 18/03/001/03 F:Bud: 12/18/4 Sub. I, Vol I. dd. 01/22/2019 90,500.00 Add: Virement from 18/03/001/02 F:Bud: 12/18/4 Sub. I, Vol I. dd. 04/24/2019 10,000.00 Add: Virement from 18/03/001/03 F:Bud: 12/18/4 Sub. I, Vol I. dd. 05/20/2019 209,000.00 Add: Virement from 18/03/001/03 F:Bud: 12/18/4 Sub. I, Vol I. dd. 06/11/2019 11,300.00 Add: Virement from 18/03/001/03 F:Bud: 12/18/4 Sub. I, Vol I. dd. 06/28/2019 6,300.00 Add: Virement from 18/03/001/03 F:Bud: 12/18/4 Sub. I, Vol I. dd. 07/29/2019 4,400.00 Add: Virement from 18/03/001/03 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/05/2019 1,200.00 732,700.00 715,777.86 16,922.14 0.00

Total General Administration 1,850,000.00 1,490,819.08 359,180.92 0.00

03 MINOR EQUIPMENT PURCHASES (cont'd) 002 Budget Division

02 Office Equipment Original Provision 120,000.00 Add: Virement from 18/03/002/03 F:Bud: 12/18/4 Sub. I, Vol I. dd. 03/26/2019 15,400.00 Add: Virement from 18/03/002/04 F:Bud: 12/18/2 Sub. I, Vol I. dd. 08/12/2019 4,900.00 140,300.00 135,358.16 4,941.84 0.00

03 Furniture and Furnishings Original Provision 32,300.00 Less: Virement to 18/03/002/02 F:Bud: 12/18/4 Sub. I, Vol I. dd. 03/26/2019 (15,400.00) 16,900.00 12,571.33 4,328.67 0.00

04 Other Minor Equipment Original Provision 24,100.00 Less: Virement to 18/03/002/02 F:Bud: 12/18/2. Sub. I, Vol I. dd. 08/12/2019 (4,900.00) 19,200.00 1,333.80 17,866.20 0.00

Total Budget Division 176,400.00 149,263.29 27,136.71 0.00

201 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

03 MINOR EQUIPMENT PURCHASES (cont'd) 005 Treasury Division

01 Vehicles 0.00 0.00 0.00 0.00

02 Office Equipment 3,900,000.00 519,311.03 3,380,688.97 0.00

03 Furniture and Furnishings 2,373,000.00 16,070.63 2,356,929.37 0.00

04 Other Minor Equipment 2,657,000.00 48,903.31 2,608,096.69 0.00

Total Treasury Division 8,930,000.00 584,284.97 8,345,715.03 0.00

03 MINOR EQUIPMENT PURCHASES (cont'd) 008 Investments Division

02 Office Equipment 0.00 0.00 0.00 0.00

03 Furniture & Furnishings 500,000.00 244,258.96 255,741.04 0.00

04 Other Minor Equipment 8,680.00 2,209.00 6,471.00 0.00

Total Investments Division 508,680.00 246,467.96 262,212.04 0.00

03 MINOR EQUIPMENT PURCHASES (cont'd) 009 Central Tenders Board

02 Ofice Equipment 140,000.00 0.00 140,000.00 0.00

03 Furniture and Furnishings 38,500.00 0.00 38,500.00 0.00

04 Other Minor Equipment 30,500.00 0.00 30,500.00 0.00

Total Central Tenders Board 209,000.00 0.00 209,000.00 0.00

03 MINOR EQUIPMENT PURCHASES (cont'd) 011 National Insurance Appeal Board Tribunal

03 Furniture and Furnishings 0.00 0.00 0.00 0.00

04 Other Minor Equipment 0.00 0.00 0.00 0.00

Total National Insurance Appeal Board Tribunal 0.00 0.00 0.00 0.00

03 MINOR EQUIPMENT PURCHASES (cont'd) 014 Financial Intellegence Unit

01 Vehicles 0.00 0.00 0.00 0.00

02 Office Equipment 500,000.00 97,346.25 402,653.75 0.00

03 Furniture and Furnishings 50,000.00 0.00 50,000.00 0.00

04 Other Minor Equipment 200,000.00 0.00 200,000.00 0.00

Total Financial Intelligence Unit 750,000.00 97,346.25 652,653.75 0.00

03 MINOR EQUIPMENT PURCHASES (cont'd) 017 Office of the Supervisor of Insolvency

02 Office Equipment 47,900.00 0.00 47,900.00 0.00

03 Furniture and Furnishings 500,000.00 0.00 500,000.00 0.00

04 Other Minor Equipment 34,880.00 163.13 34,716.87 0.00

Total Office of the Supervisor of Insolvency 582,780.00 163.13 582,616.87 0.00

202 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

04 CURRENT TRANSFERS AND SUBSIDIES 4,286,802,947.00 4,254,407,100.14 32,395,846.86 0.00 001 Regional Bodies Treasury Division

01 Contribution to Caribbean Development Bank Original Provision 77,553,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I Vol. III dd. 12/31/2019 (77,500,000.00) 53,000.00 0.00 53,000.00 0.00

12 Caribbean Catastrophe Risk Insurance Facility (CCRIF) Original Provision 41,349,140.00 Add: Virement of Funds from 18/04/009/41 F:Bud: 12/18/4 Sub. I, Temp dd. 07/26/2019 12,070,000.00 53,419,140.00 51,724,221.57 1,694,918.43 0.00

Total Treasury Division 53,472,140.00 51,724,221.57 1,747,918.43 0.00

04 CURRENT TRANSFERS AND SUBSIDIES 001 Regional Bodies General Administration

03 Caribbean Association of Insurance Regulators (C.A.I.R.) 96,440.00 0.00 96,440.00 0.00

06 Trinidad & Tobago Contribution to the Caricom Regional Organisation Of Standards and Quality (CROSQ) 1,000,000.00 975,800.03 24,199.97 0.00

07 Caribbean Regional Technical Assistance Centre (CARTAC) Original Provision 2,300,000.00 Add: Virement from 18/04/009/41 F:Bud: 12/18/4 Sub. I Vol. II dd. 09/11/2019 74,150.00 2,374,150.00 2,367,080.00 7,070.00 0.00

Total General Administration 3,470,590.00 3,342,880.03 127,709.97 0.00 Total Regional Bodies 56,942,730.00 55,067,101.60 1,875,628.40 0.00

04 CURRENT TRANSFERS AND SUBSIDIES 004 International Bodies Treasury Division

03 Expenses in connection with International Financial Institutions 42,176,700.00 37,138,046.07 5,038,653.93 0.00

Total Treasury Division 42,176,700.00 37,138,046.07 5,038,653.93 0.00

04 CURRENT TRANSFERS AND SUBSIDIES 004 International Bodies General Administration

05 International Association of Insurance Supervisors 29,360.00 0.00 29,360.00 0.00

06 Subscription to the Egmont Group of FIUs 58,720.00 26,812.95 31,907.05 0.00

Total General Administration 88,080.00 26,812.95 61,267.05 0.00 Total International Bodies 42,264,780.00 37,164,859.02 5,099,920.98 0.00

203 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

04 CURRENT TRANSFERS AND SUBSIDIES (cont'd) 005 Non-Profit Institutions Treasury Division

01 Grant of Loans and Expenses in connection with Cultural Events and to Cultural and Social Bodies 157,200.00 0.00 157,200.00 0.00

Total Treasury Division 157,200.00 0.00 157,200.00 0.00 Total Non-Profit Institutions 157,200.00 0.00 157,200.00 0.00

04 CURRENT TRANSFERS AND SUBSIDIES (cont'd) 007 Households Treasury Division

01 Refunds of Contributions to Widows' and Orphans' 50,000.00 22,714.31 27,285.69 0.00 Pension Scheme and Expenses of Committee

02 Ex - Gratia Awards 100,000.00 0.00 100,000.00 0.00

03 Workmen's Compensation Ordinance - Injuries to Workmen Original Provision 200,000.00 Less: Virement to 18/04/009/05 F:Bud: 12/18/4 Sub. I, Vol. III dd. 01/13/2020 (39,902.00) 160,098.00 0.00 160,098.00 0.00

04 State Liability and Proceeding Act Ch. 8:02 Sec. 27(3) Original Provision 50,000,000.00 Add: Virement from 18/04/009/28 F:Bud: 12/18/4 Sub. I Vol. V dd. 07/15/2019 25,000,000.00 Less: Virement to 18/04/009/05 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 (150,000.00) Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I Vol. III dd. 12/31/2019 (13,200,000.00) 61,650,000.00 61,552,395.52 97,604.48 0.00

06 Food Price Support Programme Original Provision 185,200,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I Vol. III dd. 12/31/2019 (32,000,000.00) 153,200,000.00 153,125,151.00 74,849.00 0.00

08 UNIMED Group Health Plan - Monthly Paid Officers 0.00 0.00 0.00 0.00

15 Government's Contribution to Children's LIFE Fund Original Provision 30,000,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I Vol. III dd. 12/31/2019 (23,700,000.00) 6,300,000.00 6,300,000.00 0.00 0.00

16 Payment to Maxi Taxi Owners in lieu of remission of Taxes 1,529,440.00 557,954.23 971,485.77 0.00

17 VSEP - Central Tenders Board Original Provision 12,000,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (12,000,000.00) 0.00 0.00 0.00 0.00

Total Treasury Division 222,989,538.00 221,558,215.06 1,431,322.94 0.00 Total Households 222,989,538.00 221,558,215.06 1,431,322.94 0.00

204 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

04 CURRENT TRANSFERS AND SUBSIDIES (cont'd) 009 Other Transfers Treasury Division

04 Expenses - Open Market Operations 1,000,000.00 0.00 1,000,000.00 0.00

05 Refund of Revenue collected for previous years Original Provision 3,000,000.00 Add: Virement from 18/04/007/04 F:Bud: 12/18/4 Sub. I, Vol. I dd. 09/27/2019 150,000.00 Add: Virement from 18/04/007/03 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 39,902.00 3,189,902.00 3,189,901.76 0.24 0.00

11 Infrastructure Development Fund Original Provision 2,797,547,000.00 Less: Virement to 18/04/011/94 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/30/2018 (1,200,000,000.00) Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (156,500,000.00) Less: Virement to 18/04/011/26 F:Bud: 12/18/4 Sub. I, Vol. II dd. 09/10/2018 0.00 Add: Supplementation of Appropriation F:Bud: 4/4/8 dd. 05/03/2019 709,000,000.00 2,150,047,000.00 2,150,000,000.00 47,000.00 0.00

17 Government Assistance for Tuition Expenses Fund (GATE) 435,000,000.00 435,000,000.00 0.00 0.00

Other Transfers clf 2,589,236,902.00 2,588,189,901.76 1,047,000.24 0.00

04 CURRENT TRANSFERS AND SUBSIDIES (cont'd) 009 Other Transfers b/f 2,589,236,902.00 2,588,189,901.76 1,047,000.24 0.00 Treasury Division

20 Accident Victims Compensation Fund 1,000,000.00 0.00 1,000,000.00 0.00

27 Hindu Credit Union 0.00 0.00 0.00 0.00

28 First Citizens Bank Ltd. - Indemnity Calls Original Provision 92,000,000.00 Less: Virement to 18/04/007/04 F:Bud: 12/18/4 Sub. I Vol. V dd. 07/15/2019 (25,000,000.00) Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (66,100,000.00) 900,000.00 867,804.42 32,195.58 0.00

39 Office of Procurement Regulation-Direct Charges 17,857,780.00 14,840,000.00 3,017,780.00 0.00

40 Private/Public Housing Construction Incentive Programme Original Provision 50,000,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (50,000,000.00) 0.00 0.00 0.00 0.00

41 Business Stimulus Programme Original Provision 50,000,000.00 Less: Virement to 18/04/001/12 F:Bud: 12/18/4 Sub. I, Temp dd. 07/26/2019 (12,070,000.00) Less: Virement to 18/04/001/07 F:Bud: 12/18/4 Sub. I Vol. II dd. 09/11/2019 (74,150.00) Less:Transfer of Funds to 18/02/001/28 F:Bud: 12/18/4 Sub. 1, Vol. II, dd. 09/11/2019 (6,300,000.00) Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (31,500,000.00) 55,850.00 0.00 55,850.00 0.00

42 Fiscal Incentive Programme for Farmers Original Provision 20,000,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (20,000,000.00) 0.00 0.00 0.00 0.00

Total Treasury Division 2,609,050,532.00 2,603,897,706.18 5,152,825.82 0.00 Total Other Transfers 2,609,050,532.00 2,603,897,706.18 5,152,825.82 0.00

205 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 04 CURRENT TRANSFERS AND SUBSIDIES (cont'd) 009 Other Transfers General Administration

01 Securities and Exchange Commission 35,001,180.00 35,001,180.00 0.00 0.00

22 Heritage and Stabilization Fund-Operating Expenses 1,500,000.00 1,500,000.00 0.00 0.00

23 CARICOM Development Fund Original Provision 70,000,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (36,000,000.00) 34,000,000.00 33,996,000.00 4,000.00 0.00

32 G. Pan Patent 2,000,000.00 259,534.19 1,740,465.81 0.00

Total General Administration 72,501,180.00 70,756,714.19 1,744,465.81 0.00 Total Other Transfers 72,501,180.00 70,756,714.19 1,744,465.81 0.00

04 CURRENT TRANSFERS AND SUBSIDIES (cont'd) 011 Transfers to State Enterprises

05 B.W.I.A.West Indies Airways Ltd. Original Provision 450,000.00 Less: Virement to 18/04/011/93 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/22/2018 (450,000.00) 0.00 0.00 0.00 0.00

15 W.I.S.C.O. 920,000.00 741,866.82 178,133.18 0.00

23 Agricultural Development Bank Original Provision 25,000,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (25,000,000.00) 0.00 0.00 0.00 0.00

26 Trinidad and Tobago Mortgage Finance Co. Ltd Original Provision 121,062,000.00 Less: Transfer of Funds to 18/07/001/23 F:Bud: 12/18/4 Sub. I, Vol. I dd. 08/07/2019 (5,853,673.00) Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (114,300,000.00) 908,327.00 833,260.27 75,066.73 0.00

40 Sugar Manufacturing Co.Ltd. 2,488,000.00 2,488,000.00 0.00 0.00

42 Caroni (1975)Ltd. 14,430,000.00 14,430,000.00 0.00 0.00

57 Caribbean Airlines Ltd 43,212,500.00 40,469,377.00 2,743,123.00 0.00

66 Trinidad and Tobago Petroleum Co. Ltd Original Provision 450,000.00 Less: Virement to 18/04/011/93 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/22/2018 (450,000.00) 0.00 0.00 0.00 0.00

67 Trinidad and Tobago Oil Co. Ltd Original Provision 450,000.00 Less: Virement to 18/04/011/93 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/22/2018 (100,000.00) 350,000.00 0.00 350,000.00 0.00

Transfers to State Enterprises c/f 62,308,827.00 58,962,504.09 3,346,322.91 0.00

206 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 04 CURRENT TRANSFERS AND SUBSIDIES (cont'd) 011 Transfers to State Enterprises b/f 62,308,827.00 58,962,504.09 3,346,322.91 0.00

68 Trinidad and Tobago International Financial Centre Original Provision 30,000,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (30,000,000.00) 0.00 0.00 0.00 0.00

70 Allutrint - Operating Expenses 0.00 0.00 0.00 0.00

79 Caroni (1975) Limited - Settlement of Claims: Caroni Limited Trinidad (1967) Pension Plan 2,114,910.00 0.00 2,114,910.00 0.00

80 Human Capital Development Facilitation Company Limited 2,000,000.00 0.00 2,000,000.00 0.00

81 Caroni GREEN Limited 0.00 0.00 0.00 0.00

82 Gloden Grove-Buccoo Limited 0.00 0.00 0.00 0.00

83 Seafood Industry Development Compamy Limited 1,373,250.00 0.00 1,373,250.00 0.00

84 Tourism and Industrial Development Company of Trinidad and Tobago Limited (TIDCO) 0.00 0.00 0.00 0.00

85 Community Improvement Services Limited (CISL) Original Provision 43,930,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (43,900,000.00) 30,000.00 0.00 30,000.00 0.00

86 Tourism Development Compamy Limited (TDC) Original Provision 26,170,000.00 Less:Transfer of Funds to 18/07/009/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 (26,100,000.00) 70,000.00 0.00 70,000.00 0.00

87 Government Information Services Limited (GISL) 0.00 0.00 0.00 0.00

88 Alutech Limited 0.00 0.00 0.00 0.00

89 InvesTT 0.00 0.00 0.00 0.00

90 National Investment Fund Holding Company Lumited 4,000,000.00 0.00 4,000,000.00 0.00

91 EXIMBANK - FOREX Facility Original Provision 10,000,000.00 Less: Virement to 18/04/011/95 F:Bud: 12/18/4 Sub. I, Vol. I dd. 06/11/2019 (6,000,000.00) 4,000,000.00 0.00 4,000,000.00 0.00

93 The Couva Medical and Multi-Training Facility Limited Original Provision 0.00 Add: Virement from 18/04/011/05 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/22/2018 450,000.00 Add: Virement from 18/04/011/66 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/22/2018 450,000.00 Add: Virement from 18/04/011/67 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/22/2018 100,000.00 1,000,000.00 1,000,000.00 0.00 0.00

94 The Petroleum Company of Trinidad and Tobago Ltd (Petrotrin) Original Provision 0.00 Add: Virement from 18/04/009/11 F:Bud: 12/18/4 Sub. I, Vol. I dd. 11/30/2018 1,200,000,000.00 1,200,000,000.00 1,200,000,000.00 0.00 0.00

95 EXIMBANK - Busines Portal Original Provision 0.00 Add: Virement from 18/04/011/91 F:Bud: 12/18/4 Sub. I, Vol. I dd. 06/11/2019 6,000,000.00 6,000,000.00 6,000,000.00 0.00 0.00

Total Transfers to State Enterprises 1,282,896,987.00 1,265,962,504.09 16,934,482.91 0.00

207 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

014 Loans to Other Governments

02 Loans to the Government of St. Lucia 0.00 0.00 0.00 0.00

Total Loans to Other Governments 0.00 0.00 0.00 0.00

06 CURRENT TRANSFERS TO STAT. BRDS. & SIMILAR BODIES 004 Statutory Boards

57 Trinidad and Tobago Civil Aviation Authority 0.00 0.00 0.00 0.00

Total Statutory Boards 0.00 0.00 0.00 0.00

07 DEBT SERVICING 1,726,876,317.00 1,719,855,282.30 7,021,034.70 0.00 001 Interest - Local Loans

04 Caroni (1975) Ltd. 0.00 0.00 0.00 0.00

07 Taurus Services Ltd. 29,529,420.00 29,529,017.96 402.04 0.00

12 Tourism and Industrial Development Co.Ltd. 35,824,940.00 33,909,134.85 1,915,805.15 0.00

13 National Maintenance Training and Security Co. Ltd. 9,116,680.00 9,093,371.18 23,308.82 0.00

14 Urban Development Corporation of Trinidad and Tobago 17,382,650.00 17,277,764.02 104,885.98 0.00

15 National Insurance Property Development Company Limited (NIPDEC) 0.00 0.00 0.00 0.00

18 Restructuring of First Citizens Bank Limited - Direct Charges 9,794,470.00 9,793,659.74 810.26 0.00

19 B.W.I.A West Indies Airways Ltd. 0.00 0.00 0.00 0.00

22 Evolving Technologies and Enterprise Development Company Limited (eTeck) 16,492,880.00 16,223,236.11 269,643.89 0.00

23 Caribbean Airlines Limited Original Provision 48,941,360.00 Add: Transfer of Funds from 18/04/011/26 F:Bud: 12/18/4 Sub. I, Vol I dd. 08/07/2019 5,853,673.00 54,795,033.00 52,050,481.08 2,744,551.92 0.00

Total Interest - Local Loans 172,936,073.00 167,876,664.94 5,059,408.06 0.00

009 Interest on Overdraft

01 Interest on Overdraft Original Provision 250,000,000.00 Add: Transfer of Funds from 18/04/001/01 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 77,500,000.00 Add: Transfer of Funds from 18/04/007/04 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 13,200,000.00 Add: Transfer of Funds from 18/04/007/06 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 32,000,000.00 Add: Transfer of Funds from 18/04/007/15 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 23,700,000.00 Add: Transfer of Funds from 18/04/007/17 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 12,000,000.00 Add: Transfer of Funds from 18/04/009/11 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 156,500,000.00 Add: Transfer of Funds from 18/04/009/23 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 36,000,000.00 Add: Transfer of Funds from 18/04/009/28 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 66,100,000.00 Add: Transfer of Funds from 18/04/009/40 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 50,000,000.00 Add: Transfer of Funds from 18/04/009/41 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 31,500,000.00 Add: Transfer of Funds from 18/04/009/42 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 20,000,000.00 Add: Transfer of Funds from 18/04/011/23 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 25,000,000.00 Add: Transfer of Funds from 18/04/011/26 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 114,300,000.00 Add: Transfer of Funds from 18/04/011/68 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 30,000,000.00 Add: Transfer of Funds from 18/04/011/85 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 43,900,000.00 Add: Transfer of Funds from 18/04/011/86 F:Bud: 12/18/4 Sub. I, Vol. III dd. 12/31/2019 26,100,000.00 Second Supplementary General Warrant F:Bud:4/4/7 dd. 01/30/2020 255,369,874.00 1,263,169,874.00 1,263,169,873.10 0.90 0.00

208 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

09 Taurus Services Ltd. 68,485,600.00 68,485,593.92 6.08 0.00

11 Tourism Industrial Development Company Ltd. 41,148,170.00 41,148,169.00 1.00 0.00

12 National Maintenance Training and Security Company Ltd. 29,446,000.00 29,445,990.06 9.94 0.00

13 Urban Development Corporation of Trinidad and Tobago 37,793,970.00 37,379,376.14 414,593.86 0.00

14 Caroni (1975) Limited 0.00 0.00 0.00 0.00

15 National Insurance Property Development Company Limited (NIPDEC) 0.00 0.00 0.00 0.00

18 Restructuring of First Citizens Bank Limited - Direct Charges 22,714,090.00 22,714,082.00 8.00 0.00

19 B.W.I.A West Indies Airways Ltd. 0.00 0.00 0.00 0.00

22 Evolving Technologies and Enterprises Development (eTeck) 63,600,000.00 63,600,000.00 0.00 0.00

23 Caribbean Airlines Limited 27,582,540.00 26,035,533.14 1,547,006.86 0.00

Total Principal Repayment - Local Loans 1,553,940,244.00 1,551,978,617.36 1,961,626.64 0.00

Total Recurrent Expenditure 6,363,575,814.00 6,228,285,942.69 135,289,871.31 0.00

209 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

09 DEVELOPMENT PROGRAMME 003 ECONOMIC INFRASTRUCTURE 96,068,071.00 40,463,746.32 55,604,324.68 0.00 15 TRANSPORT AND COMMUNICATION

A: AIR TRANSPORT 009 Construction of a Terminal and Associated Facilities at the ANR Robinson International Airport 20,187,071.00 5,289,528.84 14,897,542.16 0.00

005 MULTI-SECTORAL AND OTHER SERVICES 06 GENERAL PUBLIC SERVICES

A: ADMINISTRATIVE SERVICES

Treasury Division

017 Development of an Intergrated Financial Management Information System (IFMIS) 23,000,000.00 15,620,794.30 7,379,205.70 0.00

023 Government Payment System (formally upgrading of cheque writing system Treasury Division) 1,000,000.00 0.00 1,000,000.00 0.00

027 Development of a Docu System for Pensions and Central Treasury 1,000,000.00 0.00 1,000,000.00 0.00

031 Networking of the Treasury Building 2,000,000.00 0.00 2,000,000.00 0.00

039 Loans Management Modification 150,000.00 0.00 150,000.00 0.00

045 Whistle Blowing Technologies 500,000.00 0.00 500,000.00 0.00

048 Electronic Document Management Systems - Ministry of Finance - Head Office Original Provision 1,000,000.00 Less: Virement to 18/09/005/06/A/050 F:Bud 15/18/4 dd. 05/07/2019 (650,000.00) 350,000.00 344,718.45 5,281.55 0.00

056 E-Payment Project for Electronic Receipts 2,000,000.00 0.00 2,000,000.00 0.00

058 Upgrade of the Integrated Global Patroll System and Integrated Human Resource Information System (IHRIS) 14,929,000.00 6,123,965.90 8,805,034.10 0.00

061 Implemtation of a File Tracking System 0.00 0.00 0.00 0.00

062 Establishing of the Office of Procurement Regulator 1,000,000.00 803,930.00 196,070.00 0.00

063 Establishing of a Gaming Commission Original Provision 5,000,000.00 Less:Transfer of Funds to 18/09/005/06/F/131 F:Bud 15/18/4 dd. 08/27/2019 (3,000,000.00) 2,000,000.00 0.00 2,000,000.00 0.00

064 Networking of Victoria Court (Queens Street Office) 1,000,000.00 206,661.38 793,338.62 0.00

Total Treasury Division 69,116,071.00 28,389,598.87 40,726,472.13 0.00

210 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2018 / 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS SECTION C - DETAILS OF EXPENDITURE

ACTUAL V A R I A N C E ESTIMATES EXPENDITURE (See Note 1 for reasons for FINANCIAL FINANCIAL Variances) SUB-HEAD/ITEM/SUB-ITEM YEAR 2019 YEAR 2019 LESS THAN MORE THAN SEPTEMBER ESTIMATES ESTIMATES $ c $ c $ c $ c $ c 09 DEVELOPMENT PROGRAMME (cont'd) 005 MULTI-SECTORAL AND OTHER SERVICES 06 GENERAL PUBLIC SERVICES b/f

A: ADMINISTRATIVE SERVICES

General Administration

050 Upgrade of the Information Technology Infrastructure Original Provision 0.00 Add: Virement from 18/09/005/06/A/048 F:Bud 15/18/4 dd. 05/07/2019 650,000.00 650,000.00 142,281.00 507,719.00 0.00

053 Upgrade of the Information Technology Infrastructure at FIU 2,802,000.00 137,645.04 2,664,354.96 0.00

057 Establishing of the Trinidad and Tobago Revenue Authority Original Provision 7,500,000.00 Less: Virement to 18/09/005/06/A/059 F:Bud 15/18/4 dd. 06/17/2019 (5,000,000.00) 2,500,000.00 2,296,647.14 203,352.86 0.00

059 Implementation of Property Tax Regime Original Provision 7,000,000.00 Add: Virement from 18/09/005/06/A/057 F:Bud 15/18/4 dd. 06/17/2019 5,000,000.00 12,000,000.00 3,144,815.58 8,855,184.42 0.00

Total General Administration 17,952,000.00 5,721,388.76 12,230,611.24 0.00

F: PUBLIC BUILDINGS

120 Refurbishment of Treasury Building 1,000,000.00 0.00 1,000,000.00 0.00

124 Upgrade of Physical Infrastructure - Finance Building 4,000,000.00 2,530,095.66 1,469,904.34 0.00

131 Refurbishment of Victoria Court Original Provision 1,000,000.00 Add: Transfer of Funds from 18/09/005/06/A/63 F:Bud 15/18/4 dd. 08/27/2019 3,000,000.00 4,000,000.00 3,822,663.03 177,336.97 0.00

Total General Public Services 9,000,000.00 6,352,758.69 2,647,241.31 0.00

Total Multi-Sectoral and Other Services 26,952,000.00 12,074,147.45 14,877,852.55 0.00

Total Development Programme 96,068,071.00 40,463,746.32 55,604,324.68 0.00

GRAND TOTAL 6,459,643,885.00 6,268,749,689.01 190,894,195.99 0.00

211 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS

D - NOTES TO THE ACCOUNTS

NOTE 1 - Explanations for the causes of material variances between the Estimates and the Actual Expenditure

18/01/009/01 - Acting Approval not received 18/02/001/05 - Acting Approval not received 18/02/005/15 - Reduction in staff 18/02/008/16 - Reduction in personnel 18/02/008/17 - Pending contract renewal 18/02/011/43 - Unfullfilled training plans 18/02/014/16 - Effort made to contrrol expenses 18/03/005/02 - Deferred purchase of office equipment due to pending relocation of some offices 18/03/005/03 - Deferred purchase of office equipment due to pending relocation of some offices 18/03/005/04 - Deferred purchase of office equipment due to pending relocation of some offices 18/03/017/02 - Deferred purchase of office equipment

NOTE 2 - Details of Statement required by paragraph 9 of Comptroller of Accounts Circular No.10 dated 2019 August 4

a. Details of nugatory or similar payments. These include payments for which no value or manifestly insufficient value has been received N I L

b. The amount of any unvouched or improperly vouched expenditure N I L

c. Overpayments discovered during the year Details are as follows:-

No. of cases of overpayments No. of cases reported to Total Amount discovered during the year the Comptroller of Accounts Amount Recovered and Auditor General Overpaid $ c $ c

141 141 952,343.04 344,937.92

d. Losses of cash, stamps and stores which were discovered during the year N I L

e. Losses of cash and stamps settled or written-off during the year N I L

f . Particulars of losses of stores settled or written-off during the year N I L

g. Misallocations which, if correctly charged, would have resulted in excess expenditure on any Sub-Head, Item or Sub-Item N I L

h. Irregular issues of stores N I L

212 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS

D - NOTES TO THE ACCOUNTS

NOTE 3 - Details of Statement required by paragraph 9 of Comptroller of Accounts Circular No.7 dated 2019 August 12

i . Particulars of all gifts and/or donations received from agencies/entities N I L within or outside of Trinidad and Tobago whether monetary or in kind

j. Particulars of trust and other moneys held, whether temporary or otherwise by any officer in his official capacity, either alone or jointly with any other person, whether an officer N I L or not in accordance with Section 2 of the Exchequer and Audit Act, Chapter 69:01

k. The total commitments which were outstanding as at 2018 September 30 in respect of each Sub-head of Expenditure 2,751,850.72

YEAR Goods Minor Equipment Current Transfers Debt Development Total Services Purchases & Subsidies Servicing Programme 2019 1,048,632.73 0.00 0.00 0.00 1,703,217.99 2,751,850.72

l. Any major transactions affecting the Appropriation Account for the Financial Year 2019 or relating to property for which the Accounting Officer is responsible N I L

NOTE 4 - Comparative Statement of Expenditure for the last (5) Financial Years 2015 - 2019

EXPENDITURE CLASSIFICATION SUBHEADS

CURRENT MINOR CURRENT TRANSFERS YEAR PERSONNEL GOODS AND EQUIPMENT TRANSFERS TO DEBT DEVELOPMENT TOTAL EXPENDITURE SERVICES PURCHASES AND STATUTORY SERVICING PROGRAMME SUBSIDIES BOARDS AND SIMILAR BODIES $ c $ c $ c $ c $ c $ c $ c $ c

2015 394,307,484.04 296,145,052.82 8,473,873.35 4,747,677,485.31 36,557,300.00 1,816,032,767.31 9,073,101.60 7,308,267,064.43

2016 99,132,443.93 132,394,772.62 1,175,615.78 2,840,568,051.14 0.00 1,616,826,268.47 5,184,069.67 4,695,281,221.61

2017 92,500,147.32 130,192,128.00 1,293,006.28 1,814,015,079.26 0.00 1,616,527,097.17 54,667,010.43 3,709,194,468.46

2018 96,205,415.06 293,974,492.64 2,396,588.20 2,677,771,405.65 0.00 1,654,141,990.15 60,710,661.62 4,785,200,553.32

2019 95,557,741.33 155,897,474.24 2,568,344.68 4,254,407,100.14 0.00 1,719,855,282.30 40,463,746.32 6,268,749,689.01

NOTE 5 - Statement of Payments out of public moneys to Members of Parliament Section 25 (2) of the Exchequer and Audit Act Chapter 69:01

NAME OF MEMBER AMOUNT SERVICE/SERVICES FOR PAYMENT

NIL NIL NIL

213 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD 18 - MINISTRY OF FINANCE - COMPTROLLER OF ACCOUNTS

D - NOTES TO THE ACCOUNTS

NOTE 5 - Statement of Bank Accounts Held

Authority for opening Date Account Bank in which Account Title Bank Account Type of Account Balance as at Bank Account Opened Account Held Number Account Signatories 2018/09/30

Cabinet Minute No. 2011/08/15 Central Bank of Payout to Trade 01-20571-000 TT $ Non Interest The Permanent TT$0.00 1809 dated 2010/12/23 Trinidad and Unions/Credit Unions 00-00-00 bearing A/c Secretary, Ministry Tobago Policy holders of of Finance CLICO and BAT- Ministry of Finance

214

216 217 Head 18: ministry of finance

(AU13: Chairman Board of Inland Revenue)

appropriation account For the Financial year 2019

218 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD OF EXPENDITURE -18 MINISTRY OF FINANCE

INLAND REVENUE AND VALUATION DIVISIONS

SECTION A - SUMMARY OF EXPENDITURE

ESTIMATES ACTUAL FINANCIAL YEAR EXPENDITURE VARIANCE 2019 FINANCIAL YEAR SUB-HEADS 2019 MORE LESS THAN THAN ESTIMATES ESTIMATES

$ $ $ $

01 PERSONNEL EXPENDITURE 134,279,160.00 102,810,779.05 31,468,380.95 0.00

02 GOODS AND SERVICES 135,485,480.00 105,260,297.35 30,225,182.65 0.00

03 MINOR EQUIPMENT PURCHASES 3,644,980.00 861,080.08 2,783,899.92 0.00

04 CURRENT TRANSFERS AND SUBSIDIES 1,016,930.00 543,629.91 473,300.09 0.00

09 DEVELOPMENT PROGRAMME 6,000,000.00 544,751.04 5,455,248.96 0.00

TOTAL 280,426,550.00 210,020,537.43 70,406,012.57 0.00

219 HEAD - 18 MINISTRY OF FINANCE - INLAND REVENUE AND VALUATION DIVISIONS

SECTION B - SUMMARY OF EXPENDITURE - 2

ESTIMATES ACTUAL EXPENDITURE VARIANCE FINANCIAL FINANCIAL YEAR SUB-HEAD / ITEM / SUB-ITEM YEAR 2019 2019 $ ¢ $ ¢ $ ¢ SUB HEAD 01 PERSONNEL EXPENDITURE 134,279,160.00 102,810,779.05 31,468,380.95

Sub-Item 01 Salaries and C.O.L.A. 104,000,000.00 84,366,467.27 19,633,532.73 02 Wages and C.O.L.A. 5,300,000.00 4,155,786.49 1,144,213.51 03 Overtime-Monthly Paid Officers 33,600.00 2,084.38 31,515.62 04 Allowances-Monthly Paid Officers 2,437,000.00 858,881.59 1,578,118.41 05 Govt's Contribution to N.I.S. 9,300,000.00 7,532,771.60 1,767,228.40 08 Vacant Posts - Salaries & C.O.L.A 5,010,000.00 - 5,010,000.00 (without incumbents) - Govt's Contribution to Group Health 20 Insurance-Daily Rated Workers 56,000.00 46,302.00 9,698.00 21 Govt's Contribution to Group Pension 10,000.00 - 10,000.00 - Daily-Rated Workers 23 Salaries - Direct Charges 4,842,560.00 3,887,578.70 954,981.30 24 Allowances - Direct Charges 700,000.00 425,149.06 274,850.94 26 Vacant Posts - Salaries & C.O.L.A 10,000.00 - 10,000.00 without incumbents - Direct Charges Govt's Contribution to Group Health 27 Insurance -Monthly Paid Officers 2,000,000.00 1,308,522.00 691,478.00 29 Overtime-Daily Rated Workers 300,000.00 6,555.76 293,444.24 Govt's Contribution to N.I.S. - Direct 31 Charges 280,000.00 220,680.20 59,319.80

220 HEAD - 18 MINISTRY OF FINANCE - INLAND REVENUE AND VALUATION DIVISIONS

SECTION B - SUMMARY OF EXPENDITURE - 2

ESTIMATES ACTUAL EXPENDITURE VARIANCE FINANCIAL FINANCIAL YEAR SUB-HEAD / ITEM / SUB-ITEM YEAR 2019 2019 $ ¢ $ ¢ $ ¢

SUB HEAD 02 GOODS AND SERVICES 135,485,480.00 105,260,297.35 30,225,182.65

Sub-Item 01 Travelling and Subsistence 10,938,899.00 8,416,025.34 2,522,873.66 03 Uniforms 81,000.00 70,707.60 10,292.40 04 Electricity 6,038,473.00 3,690,936.99 2,347,536.01 05 Telephones 6,500,000.00 2,940,647.59 3,559,352.41 06 Water and Sewerage Rates 92,900.00 59,688.05 33,211.95 07 House Rates 37,500.00 - 37,500.00 08 Rent/Lease - Office Accommodation and Storage 15,693,093.00 12,054,117.15 3,638,975.85 09 Rent/Lease - Vehicles and Equipment 245,214.00 193,212.75 52,001.25 10 Office Stationery and Supplies 1,850,000.00 797,189.60 1,052,810.40 11 Books and Periodicals 200,000.00 161,690.09 38,309.91 12 Materials and Supplies 3,632,270.00 3,353,477.99 278,792.01 13 Maintenance of Vehicles 140,000.00 82,128.70 57,871.30 15 Repairs and Maintenance - Equipment 15,200,000.00 12,306,819.44 2,893,180.56 16 Contract Employment 46,840,518.00 45,374,155.29 1,466,362.71 17 Training 900,000.00 86,092.85 813,907.15 19 Official Entertainment - - - 21 Repairs and Maintenance - Buildings 1,235,000.00 165,326.12 1,069,673.88 22 Short-Term Employment 3,729,561.00 1,714,811.69 2,014,749.31 23 Fees 300,000.00 12,791.00 287,209.00 24 Refunds and Rebates 1,000.00 - 1,000.00 28 Other Contracted Services 75,000.00 17,450.70 57,549.30 33 Interest on Late V.A.T. Refund 1,000.00 - 1,000.00 35 Interest on Overpayment of Income Tax 1,000.00 - 1,000.00 37 Janitorial Services 3,930,900.00 2,320,404.84 1,610,495.16 43 Security Services 13,459,842.00 9,416,704.38 4,043,137.62 57 Postage 2,306,219.00 1,091,479.79 1,214,739.21 58 Medical Expenses 36,000.00 12,000.00 24,000.00 60 Travelling and Subsistence - Direct Charges 887,700.00 629,263.31 258,436.69 62 Promotions, Publicity and Printing 719,361.00 229,719.57 489,641.43 66 Hosting of Conferences, Seminars and Other Functions 350,000.00 23,371.07 326,628.93 96 Fuel and Lubricants 35,000.00 22,055.45 12,944.55 99 Employee Assistance Programme 28,030.00 18,030.00 10,000.00

221 HEAD - 18 MINISTRY OF FINANCE - INLAND REVENUE AND VALUATION DIVISIONS

SECTION B - SUMMARY OF EXPENDITURE - 2

ESTIMATES ACTUAL EXPENDITURE VARIANCE FINANCIAL FINANCIAL YEAR SUB-HEAD / ITEM / SUB-ITEM YEAR 2019 2019 $ ¢ $ ¢ $ ¢ SUB HEAD 03 MINOR EQUIPMENT PURCHASES 3,644,980.00 861,080.08 2,783,899.92 Sub-Item 01 Vehicles (Replacement) - - - 02 Office Equipment 1,271,700.00 396,467.85 875,232.15 03 Furniture and Furnishings 452,180.00 261,491.67 190,688.33 04 Other Minor Equipment 1,921,100.00 203,120.56 1,717,979.44

CURRENT TRANSFERS AND SUB HEAD 04 SUBSIDIES 1,016,930.00 543,629.91 473,300.09 - Item 002 Commonwealth Bodies 80,000.00 - 80,000.00 Item 004 International Bodies 792,747.00 399,446.91 393,300.09 Item 007 Households 144,183.00 144,183.00 - - SUB HEAD 09 DEVELOPMENT PROGRAMME 6,000,000.00 544,751.04 5,455,248.96

GRAND TOTAL 280,426,550.00 210,020,537.43 70,406,012.57

222 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD 18 - MINISTRY OF FINANCE - INLAND REVENUE AND VALUATION DIVISIONS

SECTION C - DETAILS OF EXPENDITURE ESTIMATES ACTUAL VARIANCE (See Note 1 for FINANCIAL YEAR EXPENDITURE reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM 2019 FINANCIAL YEAR LESS THAN MORE THAN 2019 ESTIMATES ESTIMATES $ ¢ $ ¢ $ ¢ $ ¢ 01 PERSONNEL EXPENDITURE 134,279,160.00 102,810,779.05 31,468,380.95 0.00 004 INLAND REVENUE DIVISION

01 Salaries and C.O.L.A. 92,000,000.00 75,004,592.45 16,995,407.55 0.00

02 Wages and C.O.L.A. 5,300,000.00 4,155,786.49 1,144,213.51 0.00

03 Overtime - Monthly Paid Officers 32,000.00 2,084.38 29,915.62 0.00

04 Allowances - Monthly Paid Officers 2,300,000.00 795,941.59 1,504,058.41 0.00

05 Government's Contribution to N.I.S. 8,000,000.00 6,737,783.80 1,262,216.20 0.00

08 Vacant Posts - Salaries and C.O.L.A. (without incumbents) 10,000.00 0.00 10,000.00 0.00

20 Government's Contribution to Group Health Insurance- 56,000.00 46,302.00 9,698.00 0.00 Daily Rated-Workers

21 Government's Contribution to Group Pension 10,000.00 0.00 10,000.00 0.00

23 Salaries - Direct Charges 4,842,560.00 3,887,578.70 954,981.30 0.00

24 Allowances - Direct Charges 700,000.00 425,149.06 274,850.94 0.00

26 Vacant Posts-Salaries and COLA 10,000.00 0.00 10,000.00 0.00 (without incumbent)- Direct Charges

27 Government's Contribution to Group Health Insurance- 1,800,000.00 1,190,478.00 609,522.00 Monthly Paid Officers 0.00

29 Overtime - Daily Rated Workers 300,000.00 6,555.76 293,444.24 0.00

31 Government's Contribution to N.I.S.- 280,000.00 220,680.20 59,319.80 0.00 Direct Charges

TOTAL - INLAND REVENUE DIVISION 115,640,560.00 92,472,932.43 23,167,627.57 0.00

01 PERSONNEL EXPENDITURE 010 VALUATION DIVISION

01 Salaries and C.O.L.A. 12,000,000.00 9,361,874.82 2,638,125.18 0.00

03 Overtime 1,600.00 0.00 1,600.00 0.00

04 Allowances - Monthly Paid Officers 137,000.00 62,940.00 74,060.00 0.00

05 Government's Contribution to NIS 1,300,000.00 794,987.80 505,012.20 0.00

08 Vacant Posts- Salaries and COLA(without 5,000,000.00 0.00 5,000,000.00 0.00 incumbents)

27 Government's Contribution to Group Health 200,000.00 118,044.00 81,956.00 0.00 Insurance-Monthly Paid Officers

TOTAL - VALUATION DIVISION 18,638,600.00 10,337,846.62 8,300,753.38 0.00

223 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD 18 - MINISTRY OF FINANCE - INLAND REVENUE AND VALUATION DIVISIONS

02 GOODS AND SERVICES 135,485,480.00 105,260,297.35 30,225,182.65 0.00 004 INLAND REVENUE DIVISION

01 Travelling and Subsistence Original Provision 8,000,000.00 Less Virement to18/02/004/12 (246,570.00) 7,753,430.00 6,892,425.47 861,004.53 0.00 F:BUD: 12/18/4 Sub. III dd.18/07/2019

03 Uniforms 68,500.00 64,738.00 3,762.00 0.00

04 Electricity Original Provision 4,000,000.00 Add Virement from 18/02/004/43 908,473.00 4,908,473.00 3,372,819.78 1,535,653.22 0.00 F:BUD: 12/18/4 Sub. III dd 26/09/2019

05 Telephones 5,000,000.00 2,864,676.68 2,135,323.32 0.00

06 Water and Sewerage Rates Original Provision 22,900.00 Add Virement from 18/02/004/62 70,000.00 92,900.00 59,688.05 33,211.95 0.00 F:BUD:12/18/4 Sub.III dd 7/03/2019

07 House Rates 37,500.00 0.00 37,500.00 0.00

08 Rent/Lease - Office Accommodation and Storage Original Provision 6,810,480.00 Add Virement from 18/02/004/57 327,000.00 7,137,480.00 5,826,547.50 1,310,932.50 0.00 F:BUD:12/18/4 Sub.III dd 28/08/2019

09 Rent/Lease - Vehicles and Equipment Original Provision 110,000.00 Add Virement from 18/02/010/22 68,839.00 F:BUD: 12/18//04 Sub III dd. 12/08/2019 Add Virement from 18/02/004/43 66,375.00 245,214.00 193,212.75 52,001.25 0.00 F:BUD: 12/18/4 Sub III dd. 26/09/2019

10 Office Stationery and Supplies 900,000.00 499,664.99 400,335.01 0.00

11 Books and Periodicals 150,000.00 135,326.09 14,673.91 0.00

12 Materials and Supplies Original Provision 1,600,000.00 Add Virement from18/02/004/62 33,694.00 F:BUD 12/18/4 Sub III dd 29/5/2019 Add Virement from18/02/004/62 45,225.00 F:BUD 12/18/4 Sub III dd 26/6/2019 Add Virement from 18/02/004/01 246,570.00 F:BUD:12/18/4 Sub.III dd 18/7/2019 Add Virement from 18/02/004/57 6,781.00 F:BUD: 12/18/4 Sub.III dd 15/08/2019 Add Virement from 18/02/004/21 600,000.00 Add Virement from 18/02/004/57 500,000.00 3,032,270.00 2,857,927.85 174,342.15 0.00 F:BUD:12/18/4 Sub.III dd 6/09/2019

13 Maintenance of Vehicles 100,000.00 63,770.12 36,229.88 0.00

15 Repairs and Maintenance- Equipment 14,900,000.00 14,900,000.00 12,306,819.44 2,593,180.56 0.00

16 Contract Employment Original Provision 20,000,000.00 Less Virement to 18/02/010/16 (3,000,000.00) 17,000,000.00 15,549,528.71 1,450,471.29 0.00 F:BUD: 12/18//4 Sub III dd 29/7/2019

TOTAL INLAND REVENUE DIVISION C/F 61,325,767.00 50,687,145.43 10,638,621.57 0.00

224 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD 18 - MINISTRY OF FINANCE - INLAND REVENUE AND VALUATION DIVISIONS

SECTION C - DETAILS OF EXPENDITURE ESTIMATES ACTUAL VARIANCE (See Note 1 for FINANCIAL YEAR EXPENDITURE reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM 2019 FINANCIAL YEAR LESS THAN MORE THAN 2019 ESTIMATES ESTIMATES $ ¢ $ ¢ $ ¢ $ ¢ TOTAL INLAND REVENUE DIVISION B/F 61,325,767.00 50,687,145.43 10,638,621.57 0.00

17 Training 300,000.00 70,972.85 229,027.15 0.00

19 Official Entertainment 0.00 0.00 0.00 0.00

21 Repairs and Maintenance- Buildings Original Provision 1,535,000.00 Less Virement to18/02/004/12 (600,000.00) 935,000.00 99,147.26 835,852.74 0.00 F: BUD: 12/18/4 Sub. III dd 6/09/2019

22 Short Term Employment 3,000,000.00 1,373,288.49 1,626,711.51 0.00

23 Fees 300,000.00 12,791.00 287,209.00 0.00

24 Refunds and Rebates 1,000.00 0.00 1,000.00 0.00

28 Other Contracted Services 75,000.00 17,450.70 57,549.30 0.00

33 Interest on Late Value Added Tax Refund 1,000.00 0.00 1,000.00 0.00

35 Interest on Overpayment of Income Tax 1,000.00 0.00 1,000.00 0.00

37 Janitorial Services 3,272,500.00 2,320,404.84 952,095.16 0.00

43 Security Services Original Provision 13,138,000.00 Less Virement to 18/02/004/04 (908,473.00) Less Virement to 18/02/004/09 (66,375.00) Less Virement to 18/02/004/96 (5,000.00) Less Virement to 18/02/004/99 (6,310.00) 12,151,842.00 8,758,312.66 3,393,529.34 0.00 F: BUD: 12/8/4 Sub.III dd 26/09/2019

57 Postage Original Provision 3,000,000.00 Less Virement to 18/02/004/12 (6,781.00) F:BUD 12/8/4 Sub III dd15/08/2019 Less Virement to 18/02/004/08 (327,000.00) F:BUD 12/8/4 Sub III dd 28/08/2019 Less Virement to 18/02/004/12 (500,000.00) 2,166,219.00 1,091,479.79 1,074,739.21 0.00 F:BUD 12/8/4 Sub III dd 6/09/2019

58 Medical Expenses 36,000.00 12,000.00 24,000.00 0.00

60 Travelling-Direct Charges 887,700.00 629,263.31 258,436.69 0.00

62 Promotions, Publicity and Printing Original Provision 600,000.00 Less Virement to18/02/004/06 (70,000.00) F:BUD 12/18/4 Sub III dd 7/03//2019 Less Virement to18/02/004/12 (33,694.00) F:BUD 12/18/4 Sub III dd 29/05/2019 Less Virement to 18/02/004/12 (45,225.00) Less Virement to 18/02/004/99 (1,720.00) 449,361.00 218,902.69 230,458.31 0.00 F:BUD 12/18/4 Sub III dd 26/06/2019

66 Hosting of Conferences, Seminars and Other 50,000.00 23,371.07 26,628.93 0.00 Functions

96 Fuel and Lubricants Original Provision 10,000.00 Add Virement from18/02/004/43 5,000.00 15,000.00 13,403.91 1,596.09 0.00 F:BUD: 12/18/4 dd 26/09/2019

99 Employee Assistance Programme Original Provision 10,000.00 Add Virement from18/02/004/62 1,720.00 F:BUD 12/18/4 Sub III dd 26/06/2019 Add Virement from18/02/004/43 6,310.00 18,030.00 18,030.00 0.00 0.00 F:BUD 12/18/4 Sub III dd 26/09/2019

TOTAL - INLAND REVENUE DIVISION 84,985,419.00 65,345,964.00 19,639,455.00 0.00

225 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD 18 - MINISTRY OF FINANCE - INLAND REVENUE AND VALUATION DIVISIONS

02 GOODS AND SERVICES 010 VALUATION DIVISION

01 Travelling and Subsistence Original Provision 6,000,000.00 Less Virement to18/02/010/16 (1,500,000.00) F: BUD 12/18/4 Sub III dd 29/07/2019 Less Virement to18/02/010/16 (40,518.00) F: BUD 12/18/4 Sub III dd 18/09/2019 Less Virement to18/02/010/08 (1,274,013.00) 3,185,469.00 1,523,599.87 1,661,869.13 0.00 F: BUD 12/18/4 Sub III dd 26/09/2019

03 Uniforms 12,500.00 5,969.60 6,530.40 0.00

04 Electricity 1,130,000.00 318,117.21 811,882.79

05 Telephones 1,500,000.00 75,970.91 1,424,029.09 0.00

08 Rent/Lease-Office Accomodation and Storage Original Provision 7,281,600.00 Add Virement from 18/02/010/01 1,274,013.00 8,555,613.00 6,227,569.65 2,328,043.35 0.00 F:BUD: 12/18/4 Sub III dd. 26/09/2019

10 Office Stationery and Supplies 950,000.00 297,524.61 652,475.39

11 Books and Periodicals 50,000.00 26,364.00 23,636.00 0.00

12 Materials and Supplies 600,000.00 495,550.14 104,449.86 0.00

13 Maintenance of Vehicles 40,000.00 18,358.58 21,641.42 0.00

15 Repairs and Maintenance-Equipment 300,000.00 0.00 300,000.00 0.00

16 Contract Employment Original Provision 24,600,000.00 Add Virement from 18/02/004/16 3,000,000.00 Add Virement from 18/02/010/01 1,500,000.00 Add Virement from 18/02/010/22 500,000.00 Add Virement from 18/02/010/66 200,000.00 F:BUD: 12/18/4 dd 29/07/2019 Add Virement from 18/02/010/01 40,518.00 29,840,518.00 29,824,626.58 15,891.42 0.00 F: BUD 12/18/4 Sub II dd 18/09/2019

17 Training 600,000.00 15,120.00 584,880.00 0.00

21 Repairs and Maintenance-Buildings 300,000.00 66,178.86 233,821.14 0.00

TOTAL - VALUATION DIVISION C/F 47,064,100.00 38,894,950.01 8,169,149.99 0.00 TOTAL - VALUATION DIVISION B/F 47,064,100.00 38,894,950.01 8,169,149.99 0.00

22 Short Term Employment Original Provision 1,298,400.00 Less Virement to 18/02/010/16 (500,000.00) F:BUD: 12/18/4 Sub. III dd 29/07/2019 Less Virement to 18/02/004/09 (68,839.00) 729,561.00 341,523.20 388,037.80 F:BUD: 12/18/4 Sub. III dd 12/08/2019

37 Janitorial Services 658,400.00 0.00 658,400.00 0.00

43 Security Services 1,308,000.00 658,391.72 649,608.28 0.00

57 Postage 140,000.00 0.00 140,000.00 0.00

62 Promotions, Publicity and Printing 270,000.00 10,816.88 259,183.12 0.00

66 Hosting of Conferences,Seminars and Other Functions Original Provision 500,000.00 Less Virement to 18/02/010/16 (200,000.00) 300,000.00 0.00 300,000.00 0.00 F:BUD 12/18/4 Sub III dd 29/07/2019

96 Fuel and Lubricants 20000.00 8,651.54 11,348.46 0.00

99 Employee Assistance Programme 10,000.00 0.00 10,000.00 0.00

TOTAL - VALUATION DIVISION 50,500,061.00 39,914,333.35 10,585,727.65 0.00

226 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD 18 - MINISTRY OF FINANCE - INLAND REVENUE AND VALUATION DIVISIONS

03 MINOR EQUIPMENT PURCHASES 3,644,980.00 861,080.08 2,783,899.92 0.00 004 INLAND REVENUE DIVISION

02 Office Equipment 271,700.00 0.00 271,700.00 0.00

03 Furniture and Furnishings 102,180.00 0.00 102,180.00 0.00

04 Other Minor Equipment 221,100.00 6,082.43 215,017.57 0.00

TOTAL - INLAND REVENUE DIVISION 594,980.00 6,082.43 588,897.57 0.00

03 MINOR EQUIPMENT PURCHASES 010 VALUATION DIVISION

02 Office Equipment 1,000,000.00 396,467.85 603,532.15 0.00

03 Furniture and Furnishings 350,000.00 261,491.67 88,508.33 0.00

04 Other Minor Equipment 1,700,000.00 197,038.13 1,502,961.87 0.00

TOTAL - VALUATION DIVISION 3,050,000.00 854,997.65 2,195,002.35 0.00

04 CURRENT TRANSFERS AND SUBSIDIES 1,016,930.00 543,629.91 473,300.09 0.00

002 COMMONWEALTH BODIES 01 Contribution to Commonwealth 80,000.00 0.00 80,000.00 0.00 Association of Tax Administration

004 INTERNATIONALBODIES 02 Inter-American Centre of Tax Administration Original Provision 480,000.00 Less Virement to 18/04/007/09 (44,183.00) 435,817.00 257,222.02 178,594.98 0.00 F:BUD: 12/18/4 Sub. III dd.12/08/2019

04 Global Forum on Transparency and Exchange 356,930.00 142,224.89 214,705.11 0.00 of Information for Tax purposes

007 HOUSEHOLDS 09 Daily Rated Workers-Retirement Benefits Original Provision 100,000.00 Add Virement from18/04/004/02 44,183.00 144,183.00 144,183.00 0.00 0.00 F:BUD: 12/18/4 Sub. III dd.12/08/2019

TOTAL - INLAND REVENUE DIVISION 1,016,930.00 543,629.91 473,300.09 0.00

09 DEVELOPMENT PROGRAMME 6,000,000.00 544,751.04 5,455,248.96 0.00

005 MULTI -SECTORAL AND OTHER SERVICES 06 GENERAL PUBLIC SERVICE

A ADMINISTRATIVE SERVICES 014 Upgrading of Information Technology - IRD 5,000,000.00 473,528.30 4,526,471.70 0.00

F PUBLIC BUILDINGS 014114 Refurbishment to Trinidad House 0.00 0.00 0.00 0.00

116 Refurbishment Works to District Revenue 1,000,000.00 71,222.74 928,777.26 0.00

117 Relocation to IDR Tower Building 0.00 0.00 0.00 0.00

TOTAL - INLAND REVENUE DIVISION 6,000,000.00 544,751.04 5,455,248.96 0.00

GRAND TOTAL 280,426,550.00 210,020,537.43 70,406,012.57 0.00

227

Head 18: ministry of finance

(AU14: COMPTROLLER OF CUSTOMS AND

EXCISE)

appropriation account

For the

Financial year 2019

234

APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - CUSTOMS AND EXCISE DIVISION

SECTION A - SUMMARY OF EXPENDITURE

ACTUAL ESTIMATES VARIANCE EXPENDITURE MORE SUB-HEADS FINANCIAL FINANCIAL LESS THAN THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATE S $ c $ c $ c $ c $ c

01 PERSONNEL EXPENDITURE 123,033,000.00 117,566,773.79 5,466,226.21 0.00 Original Provision #########

02 GOODS AND SERVICES 61,072,500.00 46,587,163.65 14,485,336.35 0.00 Original Provision ########

03 MINOR EQUIPMENT PURCHASES 3,000,000.00 296,225.36 2,703,774.64 0.00

04 CURRENT TRANSFERS AND SUBSIDIES 432,900.00 135,381.35 297,518.65 0.00 Original Provision ########

09 DEVELOPMENT PROGRAMME 1,950,000.00 1,510,762.40 439,237.60 0.00

TOTAL 189,488,400.00 166,096,306.55 23,392,093.45 0.00

235 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE- CUSTOMS AND EXCISE DIVISION

SECTION B - SUMMARY OF EXPENDITURE

ACTUAL ESTIMATES EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL VARIANCE FINANCIAL YEAR 2019 YEAR 2019

$ c $ c $ c

SUB HEAD 01 PERSONNEL EXPENDITURE 123,033,000.00 117,566,773.79 5,466,226.21

Sub-Item 01 Salaries and COLA 62,000,000.00 61,278,847.36 721,152.64 02 Wages and COLA 969,800.00 689,177.00 280,623.00 03 Overtime 41,850,000.00 41,346,973.00 503,027.00 04 Allowances 9,164,000.00 7,566,927.18 1,597,072.82 05 Government's Contribution to NIS 6,975,000.00 4,918,651.10 2,056,348.90 08 Vacant Posts - Salaries & COLA 0.00 0.00 0.00 (without bodies) 12 Settlement of Arrears to Public 0.00 0.00 0.00 Officers 20 Government's Contribution to Group 11,800.00 6,412.50 5,387.50 Health Insurance - Daily Rated Workers 21 Government's Contribution to Group 20,000.00 0.00 20,000.00 Pension - Daily Rated Workers 23 Salaries - Direct Charges 928,200.00 681,929.67 246,270.33 24 Allowances - Direct Charges 67,200.00 67,200.00 0.00 27 Government's Contribution to 720,000.00 701,670.00 18,330.00 Group Health Insurance - Monthly Paid Officers 29 Overtime - Daily Rated Workers 275,000.00 273,445.98 1,554.02 31 Government's Contribution to NIS - 52,000.00 35,540.00 16,460.00 Direct Charges

236 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE- CUSTOMS AND EXCISE DIVISION

SECTION B - SUMMARY OF EXPENDITURE

ACTUAL ESTIMATES EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL VARIANCE FINANCIAL YEAR 2019 YEAR 2019

$ c $ c $ c

SUB-HEAD 02 GOODS AND SERVICES 61,072,500.00 46,587,163.65 14485336.35

Sub-Item 01 Travelling and Subsistence 4,000,000.00 2,508,457.76 1,491,542.24 03 Uniforms 949,040.00 935,242.13 13,797.87 04 Electricity 1,726,000.00 1,327,039.46 398,960.54 05 Telephones 2,000,000.00 1,499,455.13 500,544.87 06 Water and Sewerage Rates 26,100.00 15,759.01 10,340.99 07 House Rates 0.00 0.00 0.00 08 Rent/Lease - Office Accommodation 5,750,000.00 3,845,391.09 1,904,608.91 and Storage 09 Rent/Lease - Vehicles and Equipment 50,000.00 3,600.00 46,400.00 10 Office Stationery and Supplies 1,920,000.00 1,884,635.34 35,364.66 11 Books and Periodicals 15,000.00 11,550.69 3,449.31 12 Materials and Supplies 100,000.00 99,675.90 324.10 13 Maintenance of Vehicles 900,000.00 713,413.65 186,586.35 15 Repairs and Maintenance - 4,623,491.00 3,806,092.41 817,398.59 Equipment 16 Contract Employment 900,000.00 529,804.53 370,195.47 17 Training 800,000.00 118,360.10 681,639.90 21 Repairs and Maintenance - Buildings 200,000.00 195,965.46 4,034.54 22 Short Term Employment 2,200,000.00 1,536,669.22 663,330.78 23 Fees 2,278,733.00 2,016,174.67 262,558.33 24 Refunds and Rebates 2,000.00 640.68 1,359.32 27 Official Overseas Travel 0.00 0.00 0.00 28 Other Contracted Services 28,597,731.00 22,272,223.99 6,325,507.01 36 Extraordinary Expenditure 343,945.00 343,944.38 0.62 37 Janitorial Services 2,248,000.00 1,899,681.21 348,318.79 57 Postage 8,000.00 2,942.30 5,057.70 58 Medical Expenses 37,500.00 0.00 37,500.00 60 Travelling and Subsistence - 196,000.00 126,891.61 69,108.39 Direct Charges 61 Insurance 300,000.00 265,187.62 34,812.38 62 Promotions, Publicity and Printing 150,000.00 68,408.62 81,591.38 66 Hosting of Conferences, Seminars 50,000.00 20,475.00 29,525.00 and Other Functions 96 Fuel and Lubricants 640,960.00 530,481.69 110,478.31 99 Employee Assistance Programme 60,000.00 9,000.00 51,000.00

SUB-HEAD 03 MINOR EQUIPMENT PURCHASES 3,000,000.00 296,225.36 2,703,774.64 Sub-Item 01 Vehicles (Replacement) 0.00 0.00 0.00 02 Office Equipmen't 1,000,000.00 261,961.88 738,038.12 03 Furniture and Furnishings 1,000,000.00 18,060.00 981,940.00 04 Other Minor Equipment 1,000,000.00 16,203.48 983,796.52

SUB-HEAD 04 CURRENT TRANSFERS AND 432,900.00 135,381.35 297,518.65 SUBSIDIES

Item 001 Regional Bodies 114,400.00 68,920.44 45,479.56 004 International Bodies 218,500.00 0.00 218,500.00 007 Households 100,000.00 66,460.91 33,539.09

SUB-HEAD 09 DEVELOPMENT PROGRAMME 1,950,000.00 1,510,762.40 439,237.60

GRAND TOTAL 189,488,400.00 166,096,306.55 23,392,093.45 237 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - CUSTOMS AND EXCISE DIVISION

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ESTIMATES ACTUAL (See Note 1 for reasons for EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR FINANCIAL YEAR Variances) 2019 2019 LESS THAN MORE THAN ESTIMATES ESTIMATES $ c 0 $ c $ c $ c

01 PERSONNEL EXPENDITURE 003 CUSTOMS AND EXCISE DIVISION

01 Salaries and COLA 62,000,000.00 61,278,847.36 721,152.64 0.00 Original /Revised Provision 60,000,000.00 Add: Virement from 18/01/003/08 F: Bud: 12/18/4 II Sub II 2,000,000.00 dated 13.09.19

02 Wages and COLA 969,800.00 689,177.00 280,623.00 0.00

03 Overtime - Monthly Paid Officers 41,850,000.00 41,346,973.00 503,027.00 0.00 Original /Revised Provision 40,000,000.00 Add:Virement of funds from 18/01/003/08 F:BUD:12/18/4 Sub II Dated 13.09.19 1,850,000.00

04 Allowances - Monthly Paid Officers 9,164,000.00 7,566,927.18 1,597,072.82 0.00 Original Provision 8,164,000.00 Add:Virement of funds from 18/01/003/08 F:BUD:12/18/4 Sub II 1,000,000.00 Dated 13.09.19

0.00 05 Government's Contribution to NIS 6,975,000.00 4,918,651.10 2,056,348.90 Original /Revised Provision 5,500,000.00 Add:Virement of funds from 18/01/003/08 F:BUD:12/18/4 Sub II 1,475,000.00 Dated 13.09.19

08 Vacant Post - Sal. & COLA (without 0.00 0.00 0.00 0.00 Original /Revised Provision 6,350,000.00 Less: Virement to 18/01/003/01 (2,000,000.00) Less: Virement to 18/01/003/03 (1,850,000.00) Less: Virement to 18/01/003/04 (1,000,000.00) Less: Virement to 18/01/003/05 (1,475,000.00) Less: Virement to 18/01/003/29 (25,000.00) F:BUD:12/18/4 Sub II Dated 13.09.19

20 Gov't Contribution to Group Health 11,800.00 6,412.50 5,387.50 0.00 Insurance - Daily Rated Workers

21 Government's Contribution to Group 20,000.00 0.00 20,000.00 0.00 Pension - Daily Rated Workers

23 Salaries - Direct Charges 928,200.00 681,929.67 246,270.33 0.00 Original Provision 928,200.00

24 Allowances - Direct Charges 67,200.00 67,200.00 - 0.00 Original Provision 67,200.00

27 Gov't Contribution to Group Health 720,000.00 701,670.00 18,330.00 0.00 Insurance - Monthly Paid Officers

238 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - CUSTOMS AND EXCISE DIVISION

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ESTIMATES ACTUAL (See Note 1 for reasons for EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR FINANCIAL YEAR Variances) 2019 2019 LESS THAN MORE THAN ESTIMATES ESTIMATES $ c 0 $ c $ c $ c

01 PERSONNEL EXPENDITURE - CONT'D 003 CUSTOMS AND EXCISE DIVISION

29 Overtime - Daily Rated Workers 275,000.00 273,445.98 1,554.02 0.00 Original Provision 250,000.00 Add:Virement of funds from 18/01/003/08 F:BUD:12/18/4 Sub II 25,000.00 Dated 13.09.19

0.00 31 Gov't Cont. to NIS - Direct Charges 52,000.00 35,540.00 16,460.00 0.00 Original Provision

TOTAL PERSONNEL EXPENDITURE 123,033,000.00 117,566,773.79 5,466,226.21 0.00

02 GOODS AND SERVICES 003 CUSTOMS AND EXCISE DIVISION 01 Travelling and Subsistence 4,000,000.00 2,508,457.76 1,491,542.24 0.00

03 Uniforms 949,040.00 935,242.13 13,797.87 0.00 Original Provision 1,500,000.00 Add: Virement from 18/02/003/12 F: Bud: 12/18/4 Sub II 900,000.00 dated 06.09.19

Less: Virement to 18/02/003/06 (6,100.00) Less: Virement to 18/02/003/23 (1,100,000.00) Less: Virement to 18/02/003/28 (93,900.00) F: Bud: 12/18/4 Sub II dated 13.09.19

Less: Virement to 18/02/003/06 (10,000.00) Less: Virement to 18/02/003/96 (240,960.00) F: Bud: 12/18/4 Sub II dated 27.09.19

04 Electricity 1,726,000.00 1,726,000.00 1,327,039.46 398,960.54 0.00 Original Provision C/F 6,675,040.00 4,770,739.35 1,904,300.65 0.00 B/F 6,675,040.00 4,770,739.35 1,904,300.65 0.00

02 GOODS AND SERVICES - CONT'D 003 CUSTOMS AND EXCISE DIVISION 05 Telephones 2,000,000.00 1,499,455.13 500,544.87 0.00

06 Water and Sewerage Rates 26,100.00 15,759.01 10,340.99 0.00 Original Provision 10,000.00 Add: Virement from 18/02/003/03 F: Bud: 12/18/4 Sub II 6,100.00 dated 13.09.19

239 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - CUSTOMS AND EXCISE DIVISION

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ESTIMATES ACTUAL (See Note 1 for reasons for EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR FINANCIAL YEAR Variances) 2019 2019 LESS THAN MORE THAN ESTIMATES ESTIMATES $ c 0 $ c $ c $ c

Add: Virement of funds from 18/02/003/03 F:BUD:12/18/4 Sub II 10,000.00 Dated 27.9.19

08 Rent/Lease - Office Accommodation 5,750,000.00 3,845,391.09 1,904,608.91 0.00 and Storage

09 Rent/Lease - Vehicles and Equipment 50,000.00 3,600.00 46,400.00 0.00 Original Provision .

10 Office Stationery and Supplies 1,920,000.00 1,884,635.34 35,364.66 0.00

02 GOODS AND SERVICES - CONT'D 003 CUSTOMS AND EXCISE DIVISION 11 Books and Periodicals 15,000.00 11,550.69 3,449.31 0.00

12 Materials and Supplies 100,000.00 99,675.90 324.10 0.00 Original Provision 1,000,000.00 Less: Virement to 18/02/003/03 (900,000.00) F: Bud: 12/18/4 Sub II dated 13.09.19 Original Provision 1,000,000.00 13 Maintenance of Vehicles 1,000,000.00 900,000.00 713,413.65 186,586.35 0.00 Original Provision Less: Virement from 18/02/003/28 F: Bud: 12/18/4 Sub II (100,000.00) dated 13.09.19

Original Provision 1,000,000.00 15 Repairs and Maintenance - Equipment 4,623,491.00 3,806,092.41 817,398.59 0.00 Original Provision 700,000.00 Less: Virement from 18/02/003/28 F: Bud: 12/18/4 Sub II 423,491.00 dated 13.09.19 Add: Virement from 18/02/003/28 F: Bud: 12/18/4 Sub II 3,500,000.00 dated 13.09.19

16 Contract Employment 2,400,000.00 900,000.00 529,804.53 370,195.47 0.00 Less: Virement to 18/02/003/28 F: Bud: 12/18/4 Sub II (1,500,000.00) dated 13.09.19

17 Training 800,000.00 118,360.10 681,639.90 0.00 Original Provision 2,000,000.00 Less: Virement to 18/02/003/28 (1,200,000.00) F: Bud: 12/18/4 Sub II dated 13.09.19

C/F 23,759,631.00 17,298,477.20 6,461,153.80 0.00

240 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - CUSTOMS AND EXCISE DIVISION

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ESTIMATES ACTUAL (See Note 1 for reasons for EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR FINANCIAL YEAR Variances) 2019 2019 LESS THAN MORE THAN ESTIMATES ESTIMATES $ c 0 $ c $ c $ c B/F 23,759,631.00 17,298,477.20 6,461,153.80 0.00

02 GOODS AND SERVICES - CONT'D 003 CUSTOMS AND EXCISE DIVISION

21 Repairs and Maintenance - Buildings 200,000.00 195,965.46 4,034.54 0.00

22 Short Term Employment 2,200,000.00 1,536,669.22 663,330.78 0.00 Original Provision 23 Fees 2,278,733.00 2,016,174.67 262,558.33 0.00 Original Provision 500,000.00 Add: Virement from 18/03/003/28 F:BUD:12/18/4 Sub II 678,733.00 Dated 26.06.19 Add: Virement from 18/02/003/03 1,100,000.00 F:BUD:12/18/4 Sub II Dated 26.9.09

24 Refunds and Rebates 2,000.00 640.68 1,359.32 0.00

02 GOODS AND SERVICES - CONT'D 003 CUSTOMS AND EXCISE DIVISION

28 Other Contracted Services 28,597,731.00 22,272,223.99 6,325,507.01 0.00 Original Provision 30,000,000.00 Less: Virement to 18/02/003/23 F:BUD:12/18/4 Sub II (678,733.00) Dated 26.06.19 Less: Virement to 18/02/003/15 F:BUD:12/18/4 Sub II (423,491.00) Dated 18.07.19 Less: Virement to 18/02/003/99 F:BUD:12/18/4 Sub II (50,000.00) Dated 06.09.19 Less: Virement to 18/02/003/15 (3,500,000.00) F:BUD:12/18/4 Sub II Dated 13.09.19 Add: Virement to 18/02/003/03 93,900.00 Add: Virement to 18/02/003/13 100,000.00 Add: Virement to 18/02/003/16 1,500,000.00 Add: Virement to 18/02/003/17 1,200,000.00 Add: Virement to 18/02/003/61 700,000.00

F:BUD:12/18/4 Sub II Dated 13.09.19 Less: Virement to 18/02/003/36 (343,945.00) F:BUD:12/18/4 Sub II Dated 25.09.19

36 Extraordinary Expenditure Original Provision 0.00 343,945.00 343,944.38 0.62 Add: Virement from 18/02/003/28 F: Bud: 12/18/4 Sub II 343,945.00 dated 25.9.19

37 Janitorial Services 2,248,000.00 1,899,681.21 348,318.79 0.00 Original Provision 2,248,000.00 57 Postage 8,000.00 2,942.30 5,057.70 0.00 Original Provision 8,000.00 .

241 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - CUSTOMS AND EXCISE DIVISION

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ESTIMATES ACTUAL (See Note 1 for reasons for EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR FINANCIAL YEAR Variances) 2019 2019 LESS THAN MORE THAN ESTIMATES ESTIMATES $ c 0 $ c $ c $ c

58 Medical Expenses 37,500.00 37,500.00 0.00 37,500.00 0.00

60 Travelling and Subsistence - Dir. Charges 196,000.00 126,891.61 69,108.39 0.00 Original Provision

61 Insurance 300,000.00 265,187.62 34,812.38 0.00 Original Provision 1,000,000.00 Less: Virement to 18/02/003/28 (700,000.00) F:BUD:12/18/4 Sub II Dated 28.9.18

C/F 60,171,540.00 45,958,798.34 14,212,741.66 0.00 B/F 60,171,540.00 45,958,798.34 14,212,741.66 0.00

02 GOODS AND SERVICES - CONT'D 003 CUSTOMS AND EXCISE DIVISION

62 Promotions, Publicity and Printing 150,000.00 68,408.62 81,591.38 0.00 Original Provision 66 Hosting of Conferences and Seminars and Other Functions 50,000.00 20,475.00 29,525.00 0.00 Original Provision Dated 23.8.17

96 Fuel and Lubricants 640,960.00 530,481.69 110,478.31 0.00 Original Provision 400,000.00

Add: Virement from 18/02/003/03 F: Bud: 12/18/4 Sub II 240,960.00 dated 27.9.19

99 Employee Assistance Programme 60,000.00 9,000.00 51,000.00 0.00 Original Provision 10,000.00 Add: Virement from 18/03/003/28 F:BUD:12/18/4 Sub II 50,000.00 Dated 06.06.19

TOTAL GOODS AND SERVICES 61,072,500.00 46,587,163.65 14,485,336.35 0.00

03 003 CUSTOMS AND EXCISE DIVISION

01 Vehicles 0.00 0.00 0.00 - 0.00 Original Provision 3,225,000.00

02 Office Equipment 1,000,000.00 261,961.88 738,038.12 0.00 Original Provision

03 003 CUSTOMS AND EXCISE DIVISION 03 Furniture and Furnishings Original Provision 1,000,000.00 18,060.00 981,940.00 0.00

04 Other Minor Equipment 1,000,000.00 16,203.48 983,796.52 0.00 Original Provision 1,000,000.00 TOTAL MINOR EQUIPMENT 3,000,000.00 296,225.36 2,703,774.64 0.00

242 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - CUSTOMS AND EXCISE DIVISION

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ESTIMATES ACTUAL (See Note 1 for reasons for EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR FINANCIAL YEAR Variances) 2019 2019 LESS THAN MORE THAN ESTIMATES ESTIMATES $ c 0 $ c $ c $ c

04 CURRENT TRANSFERS AND SUBSIDIES 003 CUSTOMS AND EXCISE DIVISION

001 Regional Bodies

02 Contribution to the Caribbean Customs Law Enforcement Council (CCLEC) 114,400.00 68,920.44 45,479.56 0.00 Original Provision 114400.00

004 International Bodies

01 Contribution to the World Customs - 218,500.00 0.00 218,500.00 0.00 Organisation

007 Households

11 Retirement and Other Benefits 100,000.00 66,460.91 33,539.09 0.00 Original Provision

TOTAL CURRENT TRANSFERS AND SUBSIDIES 432,900.00 135,381.35 297,518.65 0.00

09 DEVELOPMENT PROGRAMME 003 CUSTOMS AND EXCISE DIVISION

005 - Multisectoral and Other Services 06 - General Public Services A - Administrative Services 021 - Upgrading of ASYCUDA - Migration 1000000 1,262,700.00 1,235,762.40 26,937.60 0.00 from ASYCUDA vers. 2.7 to ASYCUDA ++ Original Provision -

Add: Transfer of Funds from 18/09/005/06/F/126 50,000.00

Add: Transfer of Funds from 18/09/005/06/F/127 500,000.00

Add: Transfer of Funds from 18/09/005/06/F/129 350,000.00

Add: Transfer of Funds from 18/09/005/04/L/004 362,700.00 F: Bud: 15/18/4 dated 17.09.19

005 - Multisectoral and Other Services 06 - General Public Services F - Public Buildings 126 - Refurbishment of Customs and 0.00 0.00 - 0.00 Excise Regional Training School Original Provision 500,000.00 Less: Virement to 18/09/005/06/F/130 (450,000.00) F: Bud: 15/18/4 dated 06.09.19

Less: Transfer of Funds to 18/09/005/06/A/021 (50,000.00) F: Bud: 15/18/4 dated 17.09.19

243 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - CUSTOMS AND EXCISE DIVISION

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ESTIMATES ACTUAL (See Note 1 for reasons for EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR FINANCIAL YEAR Variances) 2019 2019 LESS THAN MORE THAN ESTIMATES ESTIMATES $ c 0 $ c $ c $ c

005 - Multisectoral and Other Services 06 - General Public Services F - Public Buildings 127 - Construction of Customs Facilities 0.00 0.00 - 0.00 at Hart's Cut Original Provision 500,000.00 Less: Transfer to 18/09/005/06/A/021 (500,000.00) F: Bud: 15/18/4 dated 17.09.19

005 - Multisectoral and Other Services 06 - General Public Services F - Public Buildings 129 - Upgrade of the Canine Unit Facility 0.00 0.00 - 0.00 Original Provision 350,000.00 Less: Transfer to 18/09/005/06/A/021 (350,000.00) F: Bud: 15/18/4 dated 17.09.19

130 - Infrastructure Upgrade of the 550,000.00 275,000.00 275,000.00 0.00 Container 005 - Multisectoral and Other Services 06 - General Public Services

F - Customs and Excise Original Provision 100,000.00 Add: Virement from 18/09/005/06/F/126 450,000.00 F: Bud: 15/18/4 dated 06.09.19

L: Customs and Excise 004 - Acquisition of Trained Drug Detector 137,300.00 0.00 137,300.00 0.00 Dogs for Drug Interdiction Original Provision 500,000.00 Less: Transfer to 18/09/005/06/A/021 (362,700.00) F: Bud: 15/18/4 dated 17.09.19

TOTAL DEVELOPMENT PROGRAMME 1,950,000.00 1,510,762.40 439,237.60 0.00

TOTAL CUSTOMS AND EXCISE DIVISION 189,488,400.00 166,096,306.55 23,392,093.45 0.00

244 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD 18 - MINISTRY OF FINANCE - CUSTOMS AND EXCISE DIVISION

SECTION D - NOTES TO THE ACCOUNTS

NOTE 1 - Explanations for the causes of material variances between the Estimates and the Actual Expenditure

SUB-HEAD/ITEM/SUB-ITEM LESS THAN ESTIMATES REMARKS

An outstanding amount due and payable to the National Insurance Board was 18/01/003/05 Government's Contibution to N I S 2,056,348.90 not processed .

Rent/Lease - Office Accommodation and Invoices for Rent were not received in a timely manner to include land rent for 18/02/003/08 1,904,608.91 Storage the Port of Port of Spain (POSINCO)

This amount represents the amount due to U S Customs Border Protection 18/02/003/28 Other Contracted Services 6,325,507.01 agreement. Cabinet Approval is being sought

Grand Total 10,286,464.82

NOTE 2 - Details of Statement required by paragraph 9 of Comptroller of Accounts Circular No. 07 dated - August 12, 2019.

A - Details of nugatory or similar payments. These include payments for which no value or manifestly insufficient value has been received. NIL

B - The amount of any unvouched or improperly vouched expenditure. NIL

C - Overpayments discovered during the year. Details are as follows:

No. of cases of No. of cases reported overpayments to the Comptroller of Accounts and Total amount Amount discovered during Auditor General Overpaid Recovered 31 31 115,510.18 69,243.77

D - Losses of cash, stamps and stores which were discovered during the year. NIL

E - Losses of cash and stamps settled or written-off during the year. NIL

F - Particulars of losses of stores settled or written-off during the year. NIL

G - Misallocations, which if correctly charged would have resulted in excess expenditure on any Sub-Head, Item or Sub-Item. NIL

H - Irregular issues of stores. NIL

I - Particulars of all gifts and/or donations received from agencies/entities within or outside of Trinidad and Tobago whether monetary or in kind. NIL

J - Particulars of trust and other moneys held, whether temporarily or otherwise by any officer in his official capacity, either alone or jointly with any other person, whether an officer or not in NIL accordance with section 2 of the Exchequer and Audit Act, Chapter 69:01.

K - Any major transactions affecting the Appropriation Account for the financial year 2019 or relating to property for which the Accounting Officer is responsible. NIL

L (i) - Total Outstanding Commitments as at September 30, 2019 in respect of each Sub-Head of Expenditure:

$ Sub-Head 01 Personnel Expenditure 0.00

Sub-Head 02 Goods and Services 0.00

Sub-Head 03 Minor Equipment Purchases 0.00

Sub-Head 04 Current Transfers and Subsidies 0.00

Sub-Head 09 Development Programme 0.00

0.00

(ii) - Particulars in respect of Contracts already entered into but not yet completed. NIL

245 NOTE 3

EXPENDITURE CLASSIFICATION SUB-HEADS Current Financial Personnel Goods and Minor Equipment Development Transfers and Total Year Expenditure Services Purchases Programme Subsidies 2015 132,841,728.30 60,503,779.69 4,674,008.11 481,090.00 151,221.00 198,651,827.10 2016 136,291,838.12 48,743,412.48 3,883,336.50 245,494.82 354,651.50 189,518,733.42 2017 116,123,855.37 48,585,841.89 496,555.90 202,599.34 0.00 165,408,852.50 2018 117,566,773.79 46,587,163.65 296,225.36 135,381.35 1,510,762.40 166,096,306.55 2019 0.00 0.00 0.00 0.00 0.00 0.00

NOTE 4 - Statement of Payments out of public moneys to Members of Parliament - Section 25 (2) of the Exchequer and Audit Act Chapter 69:01

Name of Member Amount Services for payment NIL NIL NIL

NOTE 5 - STATEMENT OF BANK ACCOUNTS HELD

Authority for Date opening Bank Account Bank in which Account Title Bank Account Type of Account Account Signatories Balance as at Acount Opened Account Held Number 2019/09/30

NIL NIL NIL NIL NIL NIL NIL NIL

NOTE 6 - Details and the Explanation for any discrepancies between the Comptroller of Accounts figures and the Appropriation Account

NOTE 7 - Total value of Unpresented cheques as at September 30, 2019 - $ 18,144,345.28

246

248 Head 19: CHARGES ON ACCOUNT OF THE PUBLIC DEBT

appropriation account For the Financial year 2019

249 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION A - SUMMARY OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE LESS THAN MORE THAN SUB-HEAD FINANCIAL FINANCIAL YEAR YEAR ESTIMATES ESTIMATES 2019 2019 $ ¢ $ ¢ $ ¢ $ ¢ 07 DEBT SERVICING

Original Provision 7,511,040,750.00

Add: First Supplementary Warrant dd 06.24.2019 422,061,600.00

Add: Second Supplementary Warrant dd 09.30.2019 310,532,768.00

TOTAL 8,243,635,118.00 8,230,354,829.78 13,280,288.22 0.00

250 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION B - SUMMARY OF EXPENDITURE

Actual Estimates Expenditure Sub-Head/Item/Sub-Item Financial Financial Variance Year Year 2019 2019

$ ¢ $ ¢ $ ¢

SUB HEAD 07 DEBT SERVICING

Item 001 Interest-Local Loans 1,515,934,367.00 1,515,911,469.83 22,897.17

Item 002 Interest- External Loans 1,128,065,577.00 1,126,518,313.38 1,547,263.62

Item 003 Expenses of Issues 908,183.00 472,273.97 435,909.03

Item 004 Management Expenses 55,003,141.00 54,998,339.66 4,801.34

Item 005 Discount and Other Financial Instruments 719,292,809.00 719,269,740.66 23,068.34

Item 010 Sinking Fund Contributions 708,291,200.00 708,291,100.00 100.00

Item 011 Principal Repayments- Local 2,275,836,802.00 2,275,832,635.95 4,166.05

Item 012 Principal Repayments - Foreign 860,059,621.00 857,021,694.63 3,037,926.37

Item 014 Interest Local - Notes Debentures and Others 980,243,418.00 972,039,261.70 8,204,156.30

GRAND TOTAL 8,243,635,118.00 8,230,354,829.78 13,280,288.22

251 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ 07 DEBT SERVICING

001 INTEREST - LOCAL LOANS

02 TT $1,000Mn 2021 2.2% Fixed Rate Bonds 22,000,000.00 22,000,000.00 0.00 0.00

04 TT$2,500-Mn 2.8% Fixed Rate Bond 2026 Original Provision 41,000,000.00 Less Virement of Funds to 19/07/012/45 (348,452.00) F: Bud: 12/19/4 dd 09/30/19 40,651,548.00 40,651,548.00 0.00 0.00

05 Government Savings Bonds Original Provision 50,000.00 Less Virement of Funds to 19/07/012/45 F:Bud: 12/19/4 dd 09/30/19 (50,000.00) Add Virement of Funds from 19/07/001/30 40.00 F: Bud: 12/19/4 dd 12/09/19 40.00 40.00 0.00 0.00

06 5 % Development Savings Bonds (5 years) Original Provision 41,500.00 Less Virement of Funds to 19/07/012/45 (41,500.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

07 TT$510Mn Bond - Caroni (1975) Ltd (2009 - 2034) Original Provision 24,500,000.00 Less Virement of Funds to 19/07/012/45 (256,677.00) Less Virement of Funds to 19/07/005/01 (16,464.00) F: Bud: 12/19/4 dd 09/30/19 24,226,859.00 24,226,858.55 0.45 0.00

12 TT$1BN 4.5% Fixed Rate Bonds (May 2016 - 2028) Original Provision 53,000,000.00 Less Virement of Funds to 19/07/004/01 (591,630.00) Less Virement of Funds to 19/07/005/01 (77,285.00) F: Bud: 12/19/4 dd 09/30/19 52,331,085.00 52,331,085.00 0.00 0.00

17 TT $880Mn 6.2/6.4% Fixed Rate Bond (2009-2020) Series 1 June 2016 Series 2 June 2020 Original Provision 19,550,000.00 Add Virement of Funds from 19/07/002/64 18,850,001.00 F: Bud: 12/19/4 dd 08/13/19 38,400,001.00 38,400,000.00 1.00 0.00

Carried Forward 177,609,533.00 177,609,531.55 1.45 0.00

252 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 177,609,533.00 177,609,531.55 1.45 0.00

18 TT $3,399.8Mn 6.6/6.7/6.8% Fixed Rate Bond (2027,2029,2031) Series 1 2027 Series 2 2029 Series 3 2031 Original Provision 208,000,000.00 Less Virement of Funds to 19/07/004/01 (401,914.00) F: Bud: 12/19/4 dd 09/30/19 207,598,086.00 207,598,086.00 0.00 0.00

19 TT $600Mn 6.5% Fixed Rate Bonds (2009-2025) 39,000,000.00 39,000,000.00 0.00 0.00

20 TT $794Mn 5.95% Fixed Rate Bonds (2009-2023) 47,243,000.00 47,243,000.00 0.00 0.00

21 TT $1,000Mn 4.6% Fixed Rate Bond (10 Yr) due 2028

Original Provision 46,500,000.00 Less Virement of Funds to 19/07/014/16 (46,417,063.00) F: Bud: 12/19/4 dd 06/11/19 Less Virement of Funds to 19/07/002/03 (82,937.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

24 TT $54,120,890.65-11.25% Bonds Issue (2001-2021)

(WASA) ( Increased to $173,056,496.36) S.F Original Provision 36,950,000.00 Less Virement of Funds to 19/07/002/03 (40,233.00) F: Bud: 12/19/4 dd 09/30/19 36,909,767.00 36,909,766.75 0.25 0.00

25 TT $6,911,426 - 11.25% Bond Issue (2001-2026) (WASA) (Increased to $21,765,984.26) S.F Original Provision 4,650,000.00 Less Virement of Funds to 19/07/002/03 (7,725.00) F: Bud: 12/19/4 dd 09/30/19 4,642,275.00 4,642,274.91 0.09 0.00

26 TT $2Bn 4.50% Fixed Rate Bonds 2030 Original Provision 40,000,000.00 Add First Supplementary Warrant re: Memo F: Bud: 1/9/3 dd 06/24/2019 35,550,000.00 Less Virement of Funds to 19/07/002/03 (9,882.00) F: Bud: 12/19/4 dd 09/30/2019 75,540,118.00 75,540,117.40 0.60 0.00

Carried Forward 588,542,779.00 588,542,776.61 2.39 0.00

253 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 588,542,779.00 588,542,776.61 2.39 0.00

27 TT $401,655,857.90 - 6.1% Fixed Rate Zero Coupon Bond (2011-2031) (WASA S.F) (Increased to $439,539,686.02) Original Provision 39,100,000.00 Less Virement of Funds to 19/07/002/03 (62,959.00) F: Bud: 12/19/4 dd 09/30/19 39,037,041.00 39,037,040.04 0.96 0.00

28 TT$1000Mn 2.3% Fixed Rate Bond (2026) Original Provision 17,100,000.00 Less Virement of Funds to 19/07/004/02 (4,354,166.00) F: Bud: 12/19/4 dd 09/30/19 12,745,834.00 12,745,833.33 0.67 0.00

29 TT$500Mn 2.3% Fixed Rate Bond (2027) Original Provision 8,000,000.00 Less Virement of Funds to 19/07/002/03 (93,749.00) F: Bud: 12/19/4 dd 09/30/19 7,906,251.00 7,906,250.00 1.00 0.00

30 US$31,325,550Mn 3.1% FRB (2028) - Purchase of Naval Assets Original Provision 5,000,000.00 Less Virement of Funds to 19/07/002/03 (52,915.00) F: Bud: 12/19/4 dd 09/30/19 Less Virement of Funds to 19/07/001/05 (40.00) F: Bud: 12/19/4 dd 12/09/19 4,947,045.00 4,946,795.22 249.78 0.00

32 TT$ 1.5Bn - 6% Fixed Rate Bonds 2011 - 2031 90,000,000.00 90,000,000.00 0.00 0.00

33 TT$1,500Mn Floating Rate Bond (2015- 2020)(December SF) Original Provision 21,000,000.00 Add First Supplementary Warrant re: memo F: Bud: 1/9/3 dd 06/24/19 1,450,000.00 Add Virement from 19/07/012/22 1,630,522.00 F: Bud: 12/19/4 dd 09/30/19 Less Virement to 19/07/014/04 (1,801,233.00) F: Bud: 12/19/4 dd 09/30/19 22,279,289.00 22,279,287.67 1.33 0.00

34 TT$1,000Mn 3.55% FCISL 10 Year Floating Rate Bond December SF (2015-2025) Original Provision 33,000,000.00 Less Virement to 19/07/004/02 (3,983,835.00) F: Bud: 12/19/4 dd 09/30/19 29,016,165.00 29,016,164.38 0.62 0.00

Carried Forward 794,474,404.00 794,474,147.25 256.75 0.00

254 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 794,474,404.00 794,474,147.25 256.75 0.00

35 TT$1,000Mn 4.25% FRB 2032 Original Provision 39,000,000.00 Less Virement of Funds to 19/07/002/03 (39,726.00) F: Bud: 12/19/4 dd 09/30/19 38,960,274.00 38,960,273.98 0.02 0.00

37 TT$1,500Mn 4.15% FRB 2022 Original Provision 62,500,000.00 Less Virement of Funds to 19/07/004/01 (250,000.00) F: Bud: 12/19/4 dd 09/30/19 62,250,000.00 62,250,000.00 0.00 0.00

38 TT$1,000Mn 3.85% FRB due 2029 Original Provision 35,000,000.00 Less Virement of Funds to 19/07/002/03 (517,008.00) F: Bud: 12/19/4 dd 09/30/19 34,482,992.00 34,482,990.87 1.13 0.00

39 TT$1,200Mn 4.15%/5.15% FRB due 2025/2033 Original Provision 17,000,000.00 Add First Supplementary Warrant re memo 36,801,000.00 F: Bud: 1/9/3 dd 06/24/19 53,801,000.00 53,800,000.00 1,000.00 0.00

40 TT$250Mn 4.6% FRB due 2030 Original Provision 12,000,000.00 Less Virement to 19/07/004/01 (500,000.00) F: Bud: 12/19/4 dd 09/30/19 11,500,000.00 11,500,000.00 0.00 0.00

41 TT$500Mn Floating Rate Bond due 2021 Original Provision 13,500,000.00 Less Virement to 19/07/004/01 (250,000.00) F: Bud: 12/19/4 dd 09/30/19 13,250,000.00 13,250,000.00 0.00 0.00

43 TT$200Mn 4.75% Fixed Rate Bond due 2029 9,500,000.00 9,500,000.00 0.00 0.00

44 TT$250Mn 4.75% FRB due 2029 (RBL) Creation a New of Sub-Item under Head 19 re memo F: Bud: 12/19/1 dd 10/15/18

Add First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 11,875,100.00 11,875,100.00 11,875,000.00 100.00 0.00

45 TT$640Mn 5.45% FRB due2033 Creation a New of Sub-Item under Head 19 re memo F: Bud: 12/19/1 dd 10/31/18

First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 17,296,700.00 17,296,700.00 17,296,657.56 42.44 0.00

Carried Forward 1,047,390,470.00 1,047,389,069.66 1,400.34 0.00

255 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 1,047,390,470.00 1,047,389,069.66 1,400.34 0.00

46 TT$1,200Mn 3.05% PETROTRIN FRB due 2019 Creation a New of Sub-Item under Head 19 re memo F: Bud: 12/19/1 dd 12/06/18

Add First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 18,149,600.00 18,149,600.00 18,149,589.04 10.96 0.00

47 TT$500Mn 3.70% FRB due 2023 (FCB) Creation a New of Sub-Item under Head 19 re memo F: Bud: 12/19/1 dd 02/21/19

Add First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 9,173,975.00 9,173,975.00 9,173,972.60 2.40 0.00

49 TT$500Mn 3.40% FRB due 2021 (FCB) Creation a New of Sub-Item under Head 19 re memo F: Bud: 12/19/1 dd 02/21/19

Add First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 8,430,200.00 Less Virement to 19/07/001/71 (1.00) F: Bud: 12/19/4 dd 09/30/19 8,430,199.00 8,430,136.99 62.01 0.00

50 TT$5.1-Bn. 4.20%/4.25% Fixed Rate Bonds Series 1 due 2032 Series 2 due 2037 Original Provision 215,000,000.00 Less Virement of Funds to 19/07/005/01 (333,707.00) F: Bud: 12/19/4 dd 06/11/19 Less Virement of Funds to 19/07/002/03 (114,859.00) F: Bud: 12/19/4 dd 09/30/19 214,551,434.00 214,551,433.50 0.50 0.00

51 TT $1.0BN 2.60% Fixed Rate Bonds due 2020 Original Provision 26,000,000.00 Less Virement of Funds to 19/07/002/03 (3,900,000.00) F: Bud: 12/19/4 dd 08/13/19 22,100,000.00 22,100,000.00 0.00 0.00

52 US$21Mn 5.0% (6Yr) FRB due 2025 Creation a New of Sub-Item under Head 19 re memo F: Bud: 12/19/1 dd 04/02/19

Add First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 3,570,000.00 3,570,000.00 3,548,580.00 21,420.00 0.00

Carried Forward 1,323,365,678.00 1,323,342,781.79 22,896.21 0.00

256 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 1,323,365,678.00 1,323,342,781.79 22,896.21 0.00

61 New Loans Original Provision 15,000,000.00 Less Virement of Funds to 19/07/014/04 (14,886,307.00) Less Virement of Funds to 19/07/005/01 (113,693.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

69 TT $2,855,500 - 7% National Tax Free Savings Bonds (1999) (Issued 1992) Original Provision 50,000.00 Less Virement of Funds to 19/07/014/04 (50,000.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

70 TT $5,173,200 - 8% National Tax Free Savings Bonds (2002) (Issued 1992) Original Provision 50,000.00 Less Virement of Funds to 19/07/014/04 (50,000.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

71 TT$1.5Bn 4% 15 Year Fixed Rate Bond (2028) Original Provision 48,000,000.00 Less Virement of Funds to 19/07/004/01 (866,667.00) Add Virement of Funds from 19/07/001/49 1.00 F: Bud: 12/19/4 dd 09/30/19 47,133,334.00 47,133,333.33 0.67 0.00

77 TT $2,678,950 - 7% National Tax Free Savings Bonds (2000) (Issued 1993) Original Provision 62,800.00 Less Virement of Funds to 19/07/014/04 (20,414.00) Less Virement of Funds to 19/07/014/88 (31,010.00) F: Bud: 12/19/4 dd 09/02/19 Less Virement of Funds to 19/07/005/01 (11,376.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

78 TT $5,061,900 - 8% National Tax Free Savings Bonds (2003) (Issued 1993) Original Provision 200,000.00 Less Virement of Funds to 19/07/002/71 (133,719.00) Less Virement of Funds to 19/07/014/88 (38,915.00) F: Bud: 12/19/4 dd 08/13/19 Less Virement of Funds to 19/07/002/03 (27,366.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

Carried Forward 1,370,499,012.00 1,370,476,115.12 22,896.88 0.00

257 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 1,370,499,012.00 1,370,476,115.12 22,896.88 0.00

79 TT $4,995,950 - 6% National Tax Free Savings Bonds (1999) (1994 Issue) Original Provision 2,000.00 Less Virement of Funds to 19/07/005/01 (2,000.00) F: Bud: 12/19/04 dd 09/30/19 0.00 0.00 0.00 0.00

80 TT $2,273,350 - 7% National Tax Free Savings Bonds (2001) (1994 Issue) Original Provision 3,000.00 Less Virement of Funds to 19/07/002/03 (3,000.00) F: Bud: 12/19/04 dd 09/30/19 0.00 0.00 0.00 0.00

81 TT $5,572,550 - 8% National Tax Free Savings Bonds (2004) (1994 Issue) Original Provision 3,000.00 Less Virement of Funds to 19/07/005/01 (3,000.00) F: Bud: 12/19/04 dd 09/30/19 0.00 0.00 0.00 0.00

82 TT $2.5Bn 5.2% Fixed Rate Bond Issue (2012-2027) 130,000,000.00 130,000,000.00 0.00 0.00

87 TT $290,900,732.03 - 1.5/1.0/1.0% Floating Rate Bonds (2017-2027) Series A 2017 Series B 2022 (Series C 2027) Original Provision 4,000,000.00 Less Virement of Funds to 19/07/002/03 (46,420.00) F: Bud: 12/19/4 dd 09/30/19 3,953,580.00 3,953,579.71 0.29 0.00

91 TT $1,925,350 - 7% National Tax Free Savings Bonds 2002 (1995 Issue) Original Provision 2,800,000.00 Less Virement of Funds to 19/07/014/04 (1,072,064.00) Less Virement of Funds to 19/7/002/03 (1,727,936.00) F: Bud: 12/19/4 dd 08/13/19 0.00 0.00 0.00 0.00

99 TT $559.271Mn 2.5% 2023 Fixed Rate Bond Original Provision 14,000,000.00 Less Virement of Funds to 19/07/005/01 (2,518,225.00) F: Bud: 12/19/4 dd 09/30/19 11,481,775.00 11,481,775.00 0.00 0.00

Total: Interest - Local Loans 1,515,934,367.00 1,515,911,469.83 22,897.17 0.00

258 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ 07 DEBT SERVICING

002 INTEREST - EXTERNAL LOANS

01 $15,851,428 - 3% Independence Development Bonds Original Provision 70,000.00 Less Virement of Funds to 19/07/002/03 (70,000.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

02 National Development Loans (I.B.R.D.) Original Provision 30,100.00 Less Virement of Funds to 19/07/002/03 (30,100.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

03 National Development Loans (I.A.D.B) Original Provision 100,000,000.00 Add Virement of Funds from 19/07/005/03 10,000,000.00 Add Virement of Funds from 19/07/001/51 3,900,000.00 Add Virement of Funds from 19/07/001/91 1,727,936.00 Add Virement of Funds from 19/07/002/04 1,610,023.00 Add Virement of Funds from 19/07/002/53 2,557,418.00 Add Virement of Funds from 19/07/002/45 204,623.00 F: Bud: 12/19/4 dd 08/13/19 Add Virement of Funds from 19/07/005/04 25,000,000.00 Add Virement of Funds from 19/07/005/05 21,109,555.00 F: Bud: 12/19/4 dd 09/02/19 Add Virement of Funds from 19/07/005/02 10,000,000.00 Add Virement of Funds from 19/07/001/21 82,937.00 Add Virement of Funds from 19/07/001/24 40,233.00 Add Virement of Funds from 19/07/001/25 7,725.00 Add Virement of Funds from 19/07/001/26 9,882.00 Add Virement of Funds from 19/07/001/27 62,959.00 Add Virement of Funds from 19/07/001/29 93,749.00 Add Virement of Funds from 19/07/001/30 52,915.00 Add Virement of Funds from 19/07/001/35 39,726.00 Add Virement of Funds from 19/07/001/38 517,008.00 Add Virement of Funds from 19/07/001/50 114,859.00 Add Virement of Funds from 19/07/001/78 27,366.00 Add Virement of Funds from 19/07/001/80 3,000.00 Add Virement of Funds from 19/07/001/87 46,420.00 Add Virement of Funds from 19/07/002/01 70,000.00 Add Virement of Funds from 19/07/002/02 30,100.00 Add Virement of Funds from 19/07/002/40 63,165.00

Carried Forward 177,371,599.00 0.00 0.00 0.00

259 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 177,371,599.00 0.00 0.00 0.00

Add Virement of Funds from 19/07/002/45 151,845.00 Add Virement of Funds from 19/07/010/82 18,616.00 F: Bud: 12/19/4 dd 09/30/19 177,542,060.00 177,540,242.35 1,817.65 0.00

04 US $27,202,825 Digital Public Safety Communications System for the Trinidad and Tobago Police and Fire Services Original Provision 4,000,000.00 Less Virement of Funds to 19/07/002/03 (1,610,023.00) F: Bud: 12/19/4 dd 08/13/19 2,389,977.00 2,389,976.48 0.52 0.00

13 EUA 700,000 European Economic Community Loan Trade Promotion Programme 200.00 74.76 125.24 0.00

14 EUR 33,766,537 - Financing to UWI South Campus Chancery Lane Teaching Hospital Phase 2B Original Provision 2,000,000.00 Less Virement of Funds to 19/07/005/01 (782,166.00) F: Bud: 12/19/4 dd 09/30/19 1,217,834.00 1,210,035.05 7,798.95 0.00

16 EUA 600,000 European Economic Community Loan Lambeau Hill Water Supply (Tobago) Original Provision 12,000.00 Less Virement of Funds to 19/07/005/01 (3,761.00) F: Bud: 12/19/4 dd 09/30/19 8,239.00 8,238.19 0.81 0.00

17 ECU 570,000 European Development Fund (EDF) St. Patrick Fisheries Original Provision 7,000.00 Less Virement of Funds to 19/07/005/01 (1,965.00) F: Bud: 12/19/4 dd 09/30/19 5,035.00 5,033.73 1.27 0.00

18 US$85Mn - Development of Six National Sporting Facilities Original Provision 17,450,000.00 Less Virement of Funds to 19/07/005/01 (1,175,032.00) Add Virement of Funds from 19/07/002/22 1.00 F:Bud: 12/19/4 dd 09/30/19 16,274,969.00 16,274,968.01 0.99 0.00

Carried Forward 197,438,314.00 197,428,568.57 9,745.43 0.00

260 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 197,438,314.00 197,428,568.57 9,745.43 0.00

22 Rmb Yuan 990Mn - Trinidad and Tobago Couva Children's Hospital Original Provision 20,469,000.00 Less Virement of Funds to 19/07/014/04 (896,387.00) Less Virement of Funds to 19/07/002/18 (1.00) F: Bud: 12/19/4 dd 09/30/19 19,572,612.00 18,793,927.53 778,684.47 0.00

29 ECU 6,268,665 - 1% - St. Patrick Water Supply Original Provision 253,000.00 Less Virement of Funds to 19/07/005/01 (52,862.00) F: Bud: 12/19/4 dd 09/30/19 200,138.00 196,358.04 3,779.96 0.00

40 CDB Loan #8/OR-TT - 7.75% US$34Mn Southern Roads Development Original Provision 707,000.00 Less Virement of Funds to 19/07/002/03 (63,165.00) F: Bud: 12/19/4 dd 09/30/19 643,835.00 643,834.55 0.45 0.00

45 US $250Mn. - 9.75% Euro Bonds (2020) S.F Original Provision 120,625,000.00

Add First Supplementary warrant dd 06/24/19 45,100,000.00 F: Bud: 1/9/3 dd 06/24/19 Less Virement of Funds to 19/07/002/03 (204,623.00) F: Bud: 12/19/4 dd 08/13/19 Less Virement of Funds to 19/07/002/03 (151,845.00) F: Bud: 12/19/4 dd 09/30/19 165,368,532.00 165,368,531.25 0.75 0.00

46 YEN 11 Billion - 3.75% (2000 - 2030) Citibank S.F Original Provision 27,000,000.00 Less Virement of Funds to 19/07/014/04 (500,000.00) Less Virement of Funds to 19/07/005/01 (203,125.00) F: Bud: 12/19/4 dd 09/30/19 26,296,875.00 26,296,875.00 0.00 0.00

47 New Loans Original Provision 50,000,000.00 Less Virement of Funds to 19/07/005/01 (44,765,275.00) F: Bud: 12/19/4 dd 09/02/19 Less Virement of Funds to 19/07/014/04 (5,234,725.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

Carried Forward 409,520,306.00 408,728,094.94 792,211.06 0.00

261 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 409,520,306.00 408,728,094.94 792,211.06 0.00

52 RMB Yuan 812,000,000 National Academies for the Performing Arts Original Provision 12,680,000.00 Less Virement of Funds to 19/07/005/01 (514,856.00) F: Bud: 12/19/4 dd 09/30/19 12,165,144.00 11,651,353.10 513,790.90 0.00

53 US $150Mn- 5.875% Fixed Rate Notes 2007-2027 Original Provision 62,300,000.00 Less Virement of Funds to 19/07/002/03 (2,557,418.00) F: Bud: 12/19/4 dd 08/13/19 59,742,582.00 59,742,581.25 0.75 0.00

56 AUD 75,363,000 - 6 Fast Patrol Crafts Original Provision 550,000.00 Less Virement of Funds to 19/07/005/01 (60,727.00) F: Bud: 12/19/4 dd 09/30/19 489,273.00 489,272.18 0.82 0.00

57 US $93,571,620.75 - Supply of Four Helicopters Original Provision 5,500,000.00 Add Virement of Funds from 19/07/002/64 1,870,081.00 F: Bud: 12/19/4 dd 08/13/19 7,370,081.00 7,370,079.93 1.07 0.00

58 US550Mn 4.375% Notes (2013-2024) Original Provision 85,000,000.00 Add First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 78,565,000.00 Less Virement of Funds to 19/07/005/01 (19,406.00) F: Bud: 12/19/4 dd 09/30/19 163,545,594.00 163,545,593.89 0.11 0.00

59 CDB Loan #22/OR - TT Energy Sector Support Policy Based Loan Original Provision 8,500,000.00 Add Virement of Funds from 19/07/012/46 1,785,205.00 F: Bud: 12/19/4 dd 09/02/19 10,285,205.00 10,285,203.93 1.07 0.00

64 US $34.2Mn Chinese Multi-purpose Vessels

Original Provision 31,000,000.00 Less Virement of Funds to 19/07/001/17 (18,850,001.00) Less Virement of Funds to 19/07/002/57 (1,870,081.00) Less Virement of Funds to 19/07/014/04 (5,279,918.00) F: Bud: 12/19/4 dd 08/13/19 Less Virement of Funds to 19/07/005/01 (1,838,164.00) F: Bud: 12/19/4 dd 09/30/19 3,161,836.00 2,953,065.85 208,770.15 0.00

Carried Forward 666,280,021.00 664,765,245.07 1,514,775.93 0.00

262 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 666,280,021.00 664,765,245.07 1,514,775.93 0.00

67 US$300Mn CAF 2.95% Original Provision 50,000,000.00 Add First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 28,417,000.00 Add Virement of Funds from 19/07/005/05 3,400,537.00 F: Bud: 12/19/4 dd 09/02/19 81,817,537.00 81,817,535.79 1.21 0.00

68 US $1.0Bn 4.5% F.R.B 2026 Original Provision 315,000,000.00 Less Virement of Funds to 19/07/014/04 (10,001,250.00) F: Bud: 12/19/4 dd 09/30/19 304,998,750.00 304,998,750.00 0.00 0.00

69 US$180Mn CAF Policy Based Loan Original Provision 50,400,000.00 Less Virement of Funds to 19/07/004/01 (2,000,000.00) F: Bud: 12/19/4 dd 07/17/19 Less Virement of Funds to 19/07/005/01 (372,515.00) F: Bud: 12/19/4 dd 09/30/19 48,027,485.00 48,027,484.56 0.44 0.00

70 EURO$81.4Mn Point Fortin Hosptial Original Provision 3,994,500.00 Less Virement to 19/07/005/01 (2,941,483.00) F: Bud: 12/19/4 dd 09/30/19 1,053,017.00 1,020,531.96 32,485.04 0.00

71 US$120Mn CAF Policy Based Loan- Phase 11 Creation of New Sub-Item under Head 19 re: Memo F: Bud: 12/19/1 dd 11/28/2018

Add First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 26,700,000.00

Add Virement of Funds from 19/07/001/78 133,719.00 F: Bud: 12/19/4 dd 08/13/19 Less Virement of Funds to 19/07/014/04 (944,952.00) F: Bud: 12/19/4 dd 09/30/19 25,888,767.00 25,888,766.00 1.00 0.00

Total Interest External Loans 1,128,065,577.00 1,126,518,313.38 1,547,263.62 0.00

263 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢

07 DEBT SERVICING

003 EXPENSES OF ISSUES

01 Expenses of Issues Original Provision 5,000,000.00 Less Virement of Funds to 19/07/014/04 (4,091,817.00) F: Bud: 12/19/4 dd 09/30/19 908,183.00 472,273.97 435,909.03 0.00

Total: Expenses of Issues 908,183.00 472,273.97 435,909.03 0.00 07 DEBT SERVICING

004 MANAGEMENT EXPENSES

01 Management Expenses - Local Original Provision 20,000,000.00 Add Virement of Funds from 19/07/014/89 909,447.00 F: Bud: 12/19/4 dd 06/11/19 Add Virement of Funds from 19/07/002/69 2,000,000.00 F: Bud: 12/19/4 dd 07/17/19 Add Virement of Funds from 19/07/001/71 866,667.00 Add Virement of Funds from 19/07/001/41 250,000.00 Add Virement of Funds from 19/07/001/40 500,000.00 Add Virement of Funds from 19/07/001/37 250,000.00 Add Virement of Funds from 19/07/001/18 401,914.00 Add Virement of Funds from 19/07/001/12 591,630.00 F: Bud: 12/19/4 dd 09/30/19 Add Virement of Funds from 19/07/012/45 358,064.00 F: Bud: 12/19/4 dd 09/30/19 26,127,722.00 26,127,719.75 2.25 0.00

02 Management Expenses - Foreign Orignal Provision 20,000,000.00 Add Virement of Funds from 19/07/001/28 4,354,166.00 Add Virement of Funds from 19/07/001/34 3,983,835.00 Add Virement of Funds from 19/07/014/68 500,000.00 Add Virement of Funds from 19/07/014/60 37,418.00 F: Bud: 12/19/4 dd 09/30/19 28,875,419.00 28,870,619.91 4,799.09 0.00

Total: Management Expenses 55,003,141.00 54,998,339.66 4,801.34 0.00

264 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ 07 DEBT SERVICING

005 DISCOUNTS AND OTHER FINANCIAL INSTRUMENTS

01 Margin Call on Swap Agreements Original Provision 200,000,000.00 Add Virement of Funds from 19/07/014/89 17,090,553.00 Add Virement of Funds from 19/07/011/72 9,105,000.00 Add Virement of Funds from 19/07/001/50 333,707.00 F: Bud: 12/19/4 dd 06/11/19 Add Virement of Funds from 19/07/002/47 44,765,275.00 F: Bud: 12/19/4 dd 09/02/19 Add Virement of Funds from 19/07/001/79 2,000.00 Add Virement of Funds from 19/07/001/81 3,000.00 Add Virement of Funds from 19/07/001/99 2,518,225.00 Add Virement of Funds form 19/07/002/14 782,166.00 Add Virement of Funds from 19/07/002/16 3,761.00 Add Virement of Funds from 19/07/002/17 1,965.00 Add Virement of Funds from 19/07/002/18 1,175,032.00 Add Virement of Funds from 19/07/002/29 52,862.00 Add Virement of Funds from 19/07/002/46 203,125.00 Add Virement of Funds from 19/07/002/52 514,856.00 Add Virement of Funds from 19/07002/56 60,727.00 Add Virement of Funds from 19/07/002/64 1,838,164.00 Add Virement of Funds from 19/07/002/69 372,515.00 Add Virement of Funds from 19/07/002/70 2,941,483.00 Add Virement of Funds from 19/07/010/72 40,000.00 Add Virement of Funds from 19/07/010/81 200,000.00 Add Virement of Funds from 19/07/002/58 19,406.00 Add Virement of Funds from 19/07/010/82 484.00 Add Virement of Funds from 19/07/010/83 3,300.00 Add Virement of Funds from 19/07/010/84 17,500.00 Add Virement of Funds from 19/07/010/85 14,200.00 Add Virement of Funds from 19/07/010/87 2,100.00 Add Virement of Funds from 19/07/011/07 101,640.00 Add Virement of Funds from 19/07/011/15 50,000.00 Add Virement of Funds from 19/07/011/17 2,459,197.00 Add Virement of Funds from 19/07/011/21 1,500.00 Add Virement of Funds from 19/07/011/26 20,500,000.00 Add Virement of Funds from 19/07/011/77 1,632,038.00 Add Virement of Funds from 19/07/011/79 17,333,333.00 Add Virement of Funds from 19/07/011/80 333,334.00 Add Virement of Funds from 19/07/011/86 1,142,857.00

Carried Forward 325,615,305.00 0.00 0.00 0.00

265 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 325,615,305.00 0.00 0.00 0.00

Add Virement of Funds from 19/07/011/92 666,666.00 Add Virement of Funds from 19/07/012/01 70,000.00 Add Virement of Funds from 19/07/012/02 980,000.00 Add Virement of Funds from 19/07/012/03 15,035,139.00 Add Virement of Funds from 19/07/012/04 2,523,619.00 Add Virement of Funds from 19/07/012/14 3,457,781.00 Add Virement of Funds from 19/07/012/16 10,720.00 Add Virement of Funds from 19/07/012/18 5,138,976.00 Add Virement of Funds from 19/07/012/22 6,071,970.00 Add Virement of Funds from 19/07/012/26 11,927.00 Add Virement of Funds from 19/07/012/32 8,547,240.00 Add Virement of Funds from 19/07/012/44 869,189.00 Add Virement of Funds from 19/07/012/46 26,622.00 Add Virement of Funds from 19/07/012/47 1,038,534.00 Add Virement of Funds from 19/07/012/53 948,888.00 Add Virement of Funds from 19/07/012/54 272,624.00 Add Virement of Funds from 19/07/014/03 220,000.00 Add Virement of Funds from 19/07/014/16 21,870,164.00 Add Virement of Funds from 19/07/014/20 1,000,000.00 Add Virement of Funds from 19/07/014/25 2,187,500.00 Add Virement of Funds from 19/07/014/26 820,821.00 Add Virement of Funds from 19/07/014/39 400,000.00 Add Virement of Funds from 19/07/014/58 175,000.00 Add Virement of Funds from 19/07/014/60 12,582.00 Add Virement of Funds from 19/07/014/62 75,000.00 Add Virement of Funds from 19/07/014/63 14,506.00 Add Virement of Funds from 19/07/001/12 77,285.00 Add Virement of Funds from 19/07/001/07 16,464.00 Add Virement of Funds from 19/07/001/61 113,693.00 Add Virement of Funds from 19/07/010/86 38,600.00 Add Virement of Funds from 19/07/011/74 2,301,000.00 Add Virement of Funds from 19/07/001/77 11,376.00 Add Virement of Funds from 19/07/011/05 4,150.00 F: Bud: 12/19/4 dd 09/30/19

Add Second Supplementary Warrant re: Memo F: Bud : 1/9/3 dd 01/28/2020 310,532,768.00 711,156,109.00 711,133,040.66 23,068.34 0.00

02 Discount on Face Value of Treasury Bills Original Provision 10,000,000.00 Less Virement of Funds to 19/07/002/03 (10,000,000.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

Carried Forward 711,156,109.00 711,133,040.66 23,068.34 0.00

266 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 711,156,109.00 711,133,040.66 23,068.34 0.00

03 Discount on Face Value of Treasury Notes Original Provision 20,000,000.00 Less Virement of Funds to 19/07/002/03 (10,000,000.00) F: Bud: 12/19/4 dd 08/13/19 Less Virement of Funds to 19/07/014/04 (1,863,300.00) F: Bud: 12/19/4 dd 09/30/19 8,136,700.00 8,136,700.00 0.00 0.00

04 Net Settlement on Swap Transactions Original Provision 25,000,000.00 Less Virement of Funds to 19/07/002/03 (25,000,000.00) F: Bud: 12/19/4 dd 09/02/19 0.00 0.00 0.00 0.00

05 Discounts on Issue of Bonds Original Provision 25,000,000.00 Less Virement of Funds to 19/07/002/03 (21,109,555.00) Less Virement of Funds to 19/07/002/67 (3,400,537.00) F :Bud: 12/19/4 dd 09/02/19 Less Virement of Funds to 19/07/014/04 (489,908.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

Total:Discounts and Other Financial Instruments 719,292,809.00 719,269,740.66 23,068.34 0.00

267 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ 07 DEBT SERVICING 010 SINKING FUND CONTRIBUTIONS

71 US $250Mn. - 9.75% Euro Bonds (2020) 170,000,000.00 170,000,000.00 0.00 0.00

72 Yen 11 Billion - 3.75% (2000-2030) Citibank Original Provision 39,500,000.00 Less Virement of Funds to 19/07/005/01 (40,000.00) F: Bud: 12/19/4 dd 09/30/19 39,460,000.00 39,460,000.00 0.00 0.00

73 TT $54,120,689.65 - 11.25% Bond Issue (2001- 2021)(WASA)(Increased to $173,056,796.36) 29,900,000.00 29,900,000.00 0.00 0.00

74 TT $6,911,426 - 11.25% Bond Issue (2001- 2026)WASA (Increased to $21,765,984.26) 3,751,000.00 3,750,900.00 100.00 0.00

81 TT $300Mn. - 6.15% Fixed Rate Bonds (2019)

Original Provision 22,200,000.00 Less Virement of Funds to 19/07/005/01 (200,000.00) F: Bud: 12/19/4 dd 09/30/19 22,000,000.00 22,000,000.00 0.00 0.00

82 TT $600Mn. - 6.5 % Fixed Rate Bonds (2025) Original Provision 40,300,000.00 Less Virement of Funds to 19/07/002/03 (18,616.00) F: Bud: 12/19/4 dd 09/30/19 Less Virement of Funds to 19/07/005/01 (484.00) F: Bud: 12/19/4 dd 09/30/19 40,280,900.00 40,280,900.00 0.00 0.00

83 TT $1.5 Bn. - 7.75 % Fixed Rate Bonds (2024) Original Provision 39,725,000.00 Less Virement of Funds to 19/07/005/01 (3,300.00) F: Bud: 12/19/4 dd 09/30/19 39,721,700.00 39,721,700.00 0.00 0.00

84 TT $880Mn. - 6.2/6.4 % Fixed Rate Bonds Series 1 due 2016; Series 2 due 2020 Original Provision 85,150,000.00 Less Virement of Funds to 19/07/005/01 (17,500.00) F: Bud: 12/19/4 dd 09/30/19 85,132,500.00 85,132,500.00 0.00 0.00

85 TT $510Mn. - 8.5 % Fixed Rate Bonds Series 1 due 2016; Series 2 due 2020 Tranche A 2034;Tranche B 2034 Original Provision 23,200,000.00 Less Virement of Funds to 19/07/005/01 (14,200.00) F: Bud: 12/19/4 dd 09/30/19 23,185,800.00 23,185,800.00 0.00 0.00

Carried Forward 453,431,900.00 453,431,800.00 100.00 0.00

268 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 453,431,900.00 453,431,800.00 100.00 0.00

86 TT $3,399.8Bn. - 6.6/6.7/6.8 % Fixed Rate Bonds Series 1- 2027; Series 2- 2029; Series 3 - 2031 Original Provision 164,900,000.00 Less Virement of Funds to 19/07/005/01 (38,600.00) F: Bud: 12/19/4 dd 30/09/19 164,861,400.00 164,861,400.00 0.00 0.00

87 US $150 Mn.-5.875 % Fixed Rate Bonds (2027) Original Provision 58,000,000.00 Less Virement of Funds to 19/07/005/01 (2,100.00) F: Bud: 12/19/4 dd 09/30/19 57,997,900.00 57,997,900.00 0.00 0.00

88 TT $300Mn. - 6.10 % Fixed Rate Bonds (2019) 32,000,000.00 32,000,000.00 0.00 0.00

Total: Sinking Fund Contributions 708,291,200.00 708,291,100.00 100.00 0.00

269 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ 07 DEBT SERVICING

011 PRINCIPAL REPAYMENTS - LOCAL

01 5% Development Savings Bonds 500.00 0.00 500.00 0.00

03 Savings Certificates 100.00 0.00 100.00 0.00

04 TT $4,800,000 - 6% Loan (1930 - 49) 500.00 0.00 500.00 0.00

05 TT $1,769,644 - 3% Loan (1955-59) Original Provision 4,150.00 Less Virement of Funds to 19/07/005/01 (4,150.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

06 TT $35,336 Certificates Free of Interest 100.00 0.00 100.00 0.00

07 TT$510Mn Bond - Caroni (1975) Ltd (2009-2034)

Original Provision 9,200,000.00 Less Virement of Funds to 19/07/005/01 (101,640.00) F: Bud: 12/19/4 dd 09/30/2019 9,098,360.00 9,098,360.00 0.00 0.00

12 TT$1,500Mn Floating Rate Bond (2015-2020) 300,000,000.00 300,000,000.00 0.00 0.00

15 TT $6,814,150 - 6% National Tax Free Savings Bonds 1997 (1992 Issue) Original Provision 50,000.00 Less Virement of Funds to 19/07/005/01 (50,000.00) F: Bud: 12/19/4 dd 09/30/2019 0.00 0.00 0.00 0.00

17 TT $290,900,732.03- 1.5/1.0/1.0% Floating Rate Bonds (2017- 2027) Series A 2017 Series B 2022 Series C 2027 Maritime Police Stations Original Provision 12,000,000.00 Less Virement of Funds to 19/07/005/01 (2,459,197.00) F: Bud: 12/19/4 dd 09/30/19 9,540,803.00 9,540,802.24 0.76 0.00

21 TT $329,638,500 Tax Exempt 2 year Bonds (2nd Tranche) (1996-1998) Original Provision 15,000.00 Less Virement of Funds to 19/07/005/01 (1,500.00) F: Bud: 12/19/4 dd 09/30/19 13,500.00 13,500.00 0.00 0.00

Carried Forward 318,653,863.00 318,652,662.24 1,200.76 0.00

270 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 318,653,863.00 318,652,662.24 1,200.76 0.00

25 TT$339,575,500 Tax Exempt 2 year Bonds (1997 - 1999) 15,000.00 14,500.00 500.00 0.00

26 TT $300Mn. 10.825% Fixed and Floating Rate Bonds 2017 (Increased to $368,797,968.75) - Citicorp

Original Provision 20,500,000.00 Less Virement of Funds to 19/07/005/01 (20,500,000.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

29 TT$435,610,000 Tax Exempt 2yr (1998-2000) 10,500.00 9,500.00 1,000.00 0.00

37 TT $512,488,500 Tax Exempt 2yr Bonds(1999-2001) 5,000.00 4,500.00 500.00 0.00

72 TT $10.4 Bn CLICO/BAT 10.7% Zero Coupon Bond (2012-2031) Original Provision 480,000,000.00 Less Virement of Funds to 19/07/005/01 (9,105,000.00) F: Bud: 12/19/4 dd 06/11/19 470,895,000.00 470,895,000.00 0.00 0.00

74 Hindu Credit Union TT$400-Mn 20 Year Fixed Rate Bond (2013 - 2033) Original Provision 21,000,000.00 Less Virement to 19/07/005/01 (2,301,000.00) F: Bud: 12/19/4 dd 09/30/19 18,699,000.00 18,699,000.00 0.00 0.00

77 US$31,325,550Mn 3.1% - Purchase of Naval Assets Original Provision 18,000,000.00 Less Virement of Funds to 19/07/005/01 (1,632,038.00) F:Bud:12/19/4 dd 09/30/19 Less Virement of funds to 19/07/011/80 (1.00) F: Bud: 12/19/4 dd 09/30/19 16,367,961.00 16,366,997.52 963.48 0.00

79 TT$1000Mn 2.3% Fixed Rate Bond (2026) Original Provision 84,000,000.00 Less Virement of Funds to 19/07/005/01 (17,333,333.00) F: Bud: 12/19/4 dd 09/30/19 66,666,667.00 66,666,666.67 0.33 0.00

Carried Forward 891,312,991.00 891,308,826.43 4,164.57 0.00

271 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 891,312,991.00 891,308,826.43 4,164.57 0.00

80 TT$500Mn 2.4% Fixed Rate Bond (2027) Original Provision 42,000,000.00 Less Virement of Funds to 19/07/005/01 (333,334.00) F:Bud:12/19/4 dd 09/30/19 Add Virement of Funds from 19/07/011/77 1.00 F: Bud: 12/19/4 dd 09/30/19 41,666,667.00 41,666,666.66 0.34 0.00

82 TT$1,000Mn 3.55% FCISL 10 Year Floating Rate Bond (2015-2025) 100,000,000.00 100,000,000.00 0.00 0.00

83 TT$500Mn 7.15% Fixed Rate Bonds (2002-2022) 100,000,000.00 100,000,000.00 0.00 0.00

84 TT$300Mn 6.75% Fixed Rate Bonds (2002 - 2022) 60,000,000.00 60,000,000.00 0.00 0.00

85 TT$1.5Bn 4% Fixed Rate Bonds (2028) 150,000,000.00 150,000,000.00 0.00 0.00

86 TT$2Bn 4.5% Fixed Rate Bonds (2030) Original Provision 144,000,000.00 Less Virement of Funds to 19/07/005/01 (1,142,857.00) F: Bud: 12/19/4 dd 09/30/19 142,857,143.00 142,857,142.86 0.14 0.00

90 TT$1,000Mn 4.25% FRB 2032 Original Provision 67,000,000.00 Less Virement of Funds to 19/07/012/45 (333,333.00) F: Bud: 12/19/4 dd 09/30/19 66,666,667.00 66,666,666.66 0.34 0.00

92 TT$1,000Mn 3.85% Fixed Rate Bonds due 2029 Original Provision 84,000,000.00 Less Virement of Funds to 19/07/005/01 (666,666.00) F: Bud: 12/19/4 dd 09/30/19 83,333,334.00 83,333,333.34 0.66 0.00

94 TT$640Mn 6.2% Bond Issue (2003-2018) - CBTT) 640,000,000.00 640,000,000.00 0.00 0.00

Total: Principal Repayments-Local 2,275,836,802.00 2,275,832,635.95 4,166.05 0.00

272 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ 07 DEBT SERVICING

012 PRINCIPAL REPAYMENTS - FOREIGN

01 TT$15,851,428 - 3% Independence Development Bonds

Original Provision 70,000.00 Less Virement of Funds to 19/07/05/01 (70,000.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

02 National Development Loans (I.B.R.D.) Original Provision 980,000.00 Less Virement of Funds to 19/07/005/01 (980,000.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

03 National Development Loans (I.A.D.B.) Original Provision 424,000,000.00 Less Virement of Funds to 19/07/005/01 (15,035,139.00) F: Bud: 12/19/4 dd 09/30/19 408,964,861.00 408,947,675.63 17185.37 0.00

04 US$27,202,825 - Digital Public Safety Communications System for the Trinidad andTobago Police and Fire Services

Original Provision 19,000,000.00 Less Virement of Funds to 19/07/005/01 (2,523,619.00) F: Bud: 12/19/4 dd 09/30/19 16,476,381.00 16,476,380.82 0.18 0.00

14 EUR 33,766,537 - Financing to UWI South Campus Chancery Lane Teaching Hospital Phase 2B Original Provision 30,600,000.00 Less Virement of Funds to 19/07/005/01 (3,457,781.00)

F: Bud: 12/19/4 dd 09/30/19 27,142,219.00 27,042,268.34 99,950.66 0.00

15 EUA 700,000 European Economic Community Loan Trade Promotion Programme 1,800.00 1,388.74 411.26 0.00

Carried Forward 452,585,261.00 452,467,713.53 117,547.47 0.00

273 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢

Brought Forward 452,585,261.00 452,467,713.53 117,547.47 0.00

16 EUA 600,000 European Economic Community Loan Lambeau Hill Water Supply (Tobago) Original Provision 150,000.00 Less Virement of Funds to 19/07/005/01 (10,720.00) F: Bud: 12/19/4 dd 09/30/19 139,280.00 139,279.84 0.16 0.00

18 US $85Mn Development of Six National Sporting Facilities Original Provision 60,000,000.00 Less Virement of Funds to 19/07/005/01 (5,138,976.00) F :Bud: 12/19/4 dd 09/30/19 54,861,024.00 54,861,023.17 0.83 0.00

22 RMB Yuan 990,000,000- Couva Children's Hospital Original Provision 71,000,000.00 Less Virement of Funds to 19/07/005/01 (6,071,970.00) Less Virement of Funds to 19/07/001/33 (1,630,522.00) F: Bud: 12/19/4 dd 09/30/19 63,297,508.00 62,638,612.73 658,895.27 0.00

26 ECU 570,000 European Development Fund (EDF) - St. Patrick Fisheries Original Provision 64,000.00 Less Virement of Funds to 19/07/005/01 (11,927.00) F: Bud: 12/19/4 dd 09/30/19 52,073.00 52,072.39 0.61 0.00

31 E.E.C. # 8.0323 - 1% 6,268,865 St. Patrick Water Supply Original Provision 2,100,000.00 Less Virement of Funds to 19/07/014/04 (490,121.00) F: Bud: 12/19/4 dd 09/30/19 1,609,879.00 1,578,861.63 31,017.37 0.00

32 CDB #8/OR-TRI - 7.75% US$34Mn.Southern Roads Development Original Provision 19,000,000.00 Less Virement of Funds to 19/07/005/01 (8,547,240.00) F: Bud: 12/19/4 dd 09/30/19 10,452,760.00 10,452,759.20 0.80 0.00

Carried Forward 582,997,785.00 582,190,322.49 807,462.51 0.00

274 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 582,997,785.00 582,190,322.49 807,462.51 0.00

44 AUD 75,363,000 - 6 Fast Patrol Crafts Original Provision 22,000,000.00 Less Virement of Funds to 19/07/005/01 (869,189.00) F: Bud: 12/19/4 dd 09/30/19 21,130,811.00 21,130,810.83 0.17 0.00

45 RMB Yuan 812,000,000 - National Academies for the Performing Arts Original Provision 65,800,000.00 Add Virement of Funds from 19/07/011/90 333,333.00 Add Virement of Funds from 19/07/001/04 348,452.00 Add Virement of Funds from 19/07/001/05 50,000.00 Add Virement of Funds from ,19/07/001/06 41,500.00 Add Virement of Funds from 19/07/001/07 256,677.00 Less Virement of Funds to 19/07/004/01 (358,064.00) F: Bud: 12/19/4 dd 09/30/19 66,471,898.00 64,482,374.87 1,989,523.13 0.00

46 US $93,571,620.75 Supply of Four Helicopters Original Provision 56,000,000.00 Less Virement of Funds to 19/07/002/59 (1,785,205.00) F: Bud: 12/19/4 dd 09/02/19 Less Virement of Funds to 19/07/005/01 (26,622.00) F: Bud: 12/19/4 dd 09/30/19 54,188,173.00 54,188,172.78 0.22 0.00

47 CDB Loan #22/OR-TT Energy Sector Support Policy Based Loan Original Provision 28,700,000.00 Less Virement of Funds to 19/07/005/01 (1,038,534.00) F: Bud: 12/19/4 dd 09/30/19 27,661,466.00 27,661,465.53 0.47 0.00

53 US$300Mn CAF 2.95% Original Provision 76,000,000.00 Less Virement of Funds to 19/07/005/01 (948,888.00) F: Bud: 12/19/4 dd 09/30/19 75,051,112.00 75,051,111.10 0.90 0.00

54 Euro£81.4Mn Point Fortin Hospital Original Provision 32,831,000.00 Less Virement of Funds to 19/07/005/01 (272,624.00) F: Bud: 12/19/4 dd 09/30/19 32,558,376.00 32,317,437.03 240,938.97 0.00

Total: Principal Repayments - Foreign 860,059,621.00 857,021,694.63 3,037,926.37 0.00

275 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢

07 DEBT SERVICING

014 INTEREST LOCAL - NOTES, DEBENTURES AND OTHERS

03 Interest on Treasury Note (5 12) Original Provision 3,500,000.00 Less Virement of Funds to 19/07/005/01 (220,000.00) F: Bud: 12/19/4 dd 09/30/19 3,280,000.00 3,279,999.99 0.01 0.00

04 Treasury Bills - Discount Original Provision 30,000,000.00 Add First Supplementary Warrant re memo F: Bud: 1/9/3 dd 06/24/19 3,408,025.00 Add Virement of Funds from 19/07/002/64 5,279,918.00 Add Virement of Funds from 19/07/001/91 1,072,064.00 F: Bud: 12/19/4 dd 08/13/19 Add Virement of Funds from 19/07/001/77 20,414.00 F: Bud: 12/19/4 dd 09/02/19 Add Virement of Funds from 19/07/012/31 490,121.00 Add Virement of Funds from 19/07/005/05 489,908.00 Add Virement of Funds from 19/07/002/71 944,952.00 Add Virement of Funds from 19/07/005/03 1,863,300.00 Add Virement of Funds from 19/07/003/01 4,091,817.00 Add Virement of Funds from 19/07/002/47 5,234,725.00 Add Virement of Funds from 19/07/002/68 10,001,250.00 Add Virement of Funds from 19/07/002/22 896,387.00 Add Virement of Funds from 19/07/001/33 1,801,233.00 Add Virement of Funds from 19/07/001/69 50,000.00 Add Virement of Funds from 19/07/001/70 50,000.00 Add Virement of Funds from 19/07/001/61 14,886,307.00 Add Virement of Funds from 19/07/014/60 100,000.00 Add Virement of Funds from 19/07/002/46 500,000.00 Add Virement of Funds from 19/07/014/39 2,000,000.00 83,180,421.00 74,979,217.99 8,201,203.01 0.00

16 Treasury Bills Discount - Open Market Operations

Original Provision 300,000,000.00 Add Virement of Funds from19/07/001/21 46,417,063.00 F: Bud: 12/19/4 dd 06/11/19 Add First Supplementary Warrant re: memo F: Bud: 1/9/3 dd 06/24/19 86,400,000.00 Less Virement of Funds to 19/07/005/01 (21,870,164.00) F: Bud: 12/19/4 dd 09/30/19 410,946,899.00 410,946,879.00 20.00 0.00

Carried Forward 497,407,320.00 489,206,096.98 8,201,223.02 0.00

276 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 497,407,320.00 489,206,096.98 8,201,223.02 0.00

20 TT $500Mn Treasury Note 5 13 Maturity Date 09/09/19 Original Provision 8,000,000.00 Less Virement of Funds to 19/07/005/01 (1,000,000.00) F: Bud: 12/19/4 dd 09/30/19 7,000,000.00 7,000,000.00 0.00 0.00

25 TT $500Mn - 7.15% Fixed Rate Bonds (2002-2022)

Original Provision 29,000,000.00 Less Virement of Funds to 19/07/005/01 (2,187,500.00) F: Bud: 12/19/4 dd 09/30/19 26,812,500.00 26,812,500.00 0.00 0.00

26 TT $300Mn-6.75% Fixed Rate Bonds (2002-2022)

Original Provision 16,000,000.00 Less Virement of Funds to 19/07/005/01 (820,821.00) F: Bud: 12/19/4 dd 09/30/19 15,179,179.00 15,179,178.08 0.92 0.00

31 TT $500Mn Treasury Note 3 47 Coupon 3.25% Maturity 2010/01/18 16,250,000.00 16,250,000.00 0.00 0.00

32 TT $1000 Mn 3.8% Fixed Rate Bond due 2022 38,000,000.00 38,000,000.00 0.00 0.00

33 TT $1000 Mn 4.1% Fixed Rate Bond due 2025 41,000,000.00 41,000,000.00 0.00 0.00

39 TT$75Mn Treasury Note (2 35) 2018 Original Provision 2,400,000.00 Less Virement of Funds to 19/07/014/04 (2,000,000.00) Less Virement of Funds to 19/07/005/01 (400,000.00) F: Bud: 12/19/4 dd 09/30/19 0.00 0.00 0.00 0.00

47 TT $640Mn- 6.2% Bonds Issue ( 2003-2018) CBTT 20,004,000.00 20,003,068.49 931.51 0.00

49 TT $300Mn-GOTT 6.15% Fixed Rate Bonds(2019) SF 18,450,000.00 18,450,000.00 0.00 0.00

52 TT $300Mn 6.10% Fixed Rate Bond 2019 (Sept) 18,300,000.00 18,300,000.00 0.00 0.00

57 TT$1,500Mn 7.75% Fixed Rate Bonds 2024 April 116,250,000.00 116,250,000.00 0.00 0.00

58 TT$495Mn - Treasury Note TN (5-11 )Maturity Date 2019/04/14 Original Provision 7,600,000.00 Less Virement of Funds to 19/07/005/01 (175,000.00) F: Bud: 12/19/4 dd 09/30/19 7,425,000.00 7,425,000.00 0.00 0.00

Carried Forward 822,077,999.00 813,875,843.55 8,202,155.45 0.00

277 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD OF EXPENDITURE : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT

SECTION C - DETAILS OF EXPENDITURE

VARIANCE ACTUAL ESTIMATES EXPENDITURE (See Note 1 for reasons for Variances) SUB-HEAD/ITEM/SUB-ITEM FINANCIAL FINANCIAL LESS THAN MORE THAN YEAR 2019 YEAR 2019 ESTIMATES ESTIMATES

$ ¢ $ ¢ $ ¢ $ ¢ Brought Forward 822,077,999.00 813,875,843.55 8,202,155.45 0.00

60 TT$500Mn Treasury Note 5 14 Maturity Date 2020/10/26 Original Provision 17,400,000.00 Less Virement of Funds to 19/07/004/02, (37,418.00) Less Virement of Funds to 19/07/014/04 (100,000.00) Less Virement of Funds to 19/07/005/01 (12,582.00) F: Bud: 12/19/4 dd 09/30/19 17,250,000.00 17,250,000.00 0.00 0.00

62 TT$225 Mn Treasury Note 2 36 Maturity May 2019

Original Provision 6,600,000.00 Less Virement of Funds to 19/07/005/01 (75,000.00) F: Bud: 12/19/4 dd 09/30/19 6,525,000.00 6,525,000.00 0.00 0.00

63 TT$742MN Treasury Note 2 38 Maturity January 28, 2021 Creation a New of Sub-Item under Head 19 re memo F: Bud: 12/19/1 dd 02/20/19 Add First Supplementary Warrant re: memo F: Bud: 1/9/3 dd 06/24/19 11,175,000.00 Less Virement of Funds to 19/07/005/01 (14,506.00) F: Bud: 12/19/4 dd 09/30/19 11,160,494.00 11,160,493.15 0.85 0.00

68 TT$1,000Mn 4.65% FRB due 2031 Original Provision 47,000,000.00 Less Virement of Funds to 19/07/004/02 (500,000.00) F: Bud: 12/19/4 dd 09/30/19 46,500,000.00 46,500,000.00 0.00 0.00

88 US $100Mn 3.10% FRB due 2020 Original Provision 21,000,000.00 Add Virement of Funds from 19/07/001/78 38,915.00 F: Bud: 12/19/4 dd 08/13/19 Add Virement of Funds from 19/07/001/77 31,010.00 F: Bud: 12/19/4 dd 09/02/19 21,069,925.00 21,069,925.00 0.00 0.00

89 TT $1,000Mn Floating Rate Bond due 2030 Original Provision 63,000,000.00 Less Virement of Funds to 19/07/004/01 (909,447.00) Less Virement of Funds to 19/07/005/01 (17,090,553.00) F: Bud: 12/19/4 dd 06/11/2019 45,000,000.00 45,000,000.00 0.00 0.00

94 TT $365Mn Treasury Note TN (2 37) Maturity date 2019/05/16 10,660,000.00 10,658,000.00 2,000.00 0.00

Total: Interest Local - Notes Debentures and Others 980,243,418.00 972,039,261.70 8,204,156.30 0.00

GRAND TOTAL: 8,243,635,118.00 8,230,354,829.78 13,280,288.22 0.00

278 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD : 19 - CHARGES ON ACCOUNT OF THE PUBLIC DEBT D- NOTES TO THE ACCOUNTS

NOTE 1: Explanations for the cause of material variances between the Estimates and the Actual Expenditure.

LESS THAN SUB-HEAD/ITEM/SUB/ITEM REMARKS ESTIMATES

007 Debt Servicing

001 Interest - Local Loans 22,897.17 Foreign exchange rates differences

002 Interest - External Loans 1,547,263.62 Foreign exchange rates differences

003 Expenses of Issues 435,909.03 Reduction in Advertising costs

004 Management Expenses 4,801.34 Foreign exchange rates differences

005 Discount and Other Financial Instruments 23,068.34 Foreign exchange rates differences

010 Sinking Fund Contributions 100.00

011 Principal Repayments - Local 4,166.05

012 Principal Repayments - Foreign 3,037,926.37 Foreign exchange rates differences

014 Interest Local - Notes, Debentures and Others 8,204,156.30 Reduction in Treasury Bill discount

13,280,288.22

279 NOTE 2: A Statement reflecting:-

a. Details of Nugatory or similar payments-

These include payments for which no value or manifestly insufficient value has been received. NIL

b. The amount of any unvouched or improperly vouched expenditure: NIL

c. Overpayments discovered during the year with the following details: -

Total No. of Cases of Amount Amount Overpayment discovered No.of Cases reported to the Comptroller of Accounts and the Auditor General Recovered Overpaid during the Year $ $

NIL NIL NIL NIL

C. (ii) Loss on recovery of expenditure re: over the counter cash payments.

d. Losses of cash and stores which were discovered during the year; NIL

e. Losses of cash settled or written-off during the year; NIL

f. Particulars of losses of stores settled or written -off during the year;

Misallocations, which if correctly charged would have resulted in excess expenditure g. on any Sub-Head, Item or Sub-Item; NIL

h. Irregular issues of stores; NIL

Particulars of all gifts and/or donations received from agencies/entities within or outside i. of Trinidad and Tobago whether monetary or in kind; NIL

Particulars of trust and other moneys held, whether temporarily or otherwise by an officer in his capacity, either alone or jointly with any other person, whether an officer j. or not in accordance with Section 2 of the Exchequer and Audit Act, Chapter 69:01; NIL

Any Major transactions affecting the Appropriation Account for the Financial Year k. 2019 or relating to property for which the Accounting Officer is responsible, and NIL

l. Commitments as at September 30, 2019: i. A statement showing total outstanding commitments in respect of each Sub-Head of Expenditure, and

ii. Particulars in respect of Contracts already entered into but not yet completed: -

Amount Paid Contract Total Contract Price Purpose of Contract to date Balance $ $ $

N/A N/A N/A N/A

280 NOTE 3: Comparative Statement of Expenditure for the last five (5) financial years 2015-2019.

EXPENDITURE CLASSIFICATION SUB-HEADS

Other YEAR Local External Issues Expenses Contributions Total Financial Instruments Principal Interest Principal Interest

$Mn. $Mn. $Mn. $Mn. $Mn. $Mn. $Mn. $Mn. $Mn.

2015 1075.1 1,779.10 543.6 522.9 0.8 21.6 526.7 860.5 5,330.30

2016 2107.2 2018.7 527.1 562.6 0.7 39.8 1,037.70 731.0 7,024.80

2017 4490.1 2421.2 545.3 894.4 0.7 53.6 513.7 722.8 9,641.80

2018 4074.2 2508.4 695.9 991.2 1.1 31.3 198.0 720.9 9,221.00

2019 2275.8 2,488.0 857.0 1,126.5 0.5 55.0 719.3 708.3 8,230.40

NOTE 4: Statement of Payments out of Public Moneys to Members of Parliament - Nil Section 25 (2) of the Exchequer and Audit Act Chapter 69:01.

NOTE 5: Statement of Bank Accounts held. You should indicate whether the accounts Nil have been reconciled as at September 30, 2019.

NOTE 6: Details and the explanation for any discrepancies between Comptroller of Accounts Nil Balances and the Appropriation Account.

NOTE 7: Total Value ($) of the Unpresented Cheques as at September 30, 2019. $120.00

SECTION E: Certification

Please see Statement of Declaration and Certification at Page 2.

281 Head 20 : pensions and gratuities

Appropriation account for the financial year 2019

282 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD : 20 PENSIONS AND GRATUITIES

SECTION A - SUMMARY OF EXPENDITURE - 1

VARIANCE ACTUAL ESTIMATES EXPENDITURE SUB-HEAD FINANCIAL YEAR FINANCIAL YEAR 2019 LESS THAN MORE THAN 2019 ESTIMATES ESTIMATES

$ c $ c $ c $ c CURRENT 04 TRANSFERS AND SUBSIDIES

Original Provision 3,322,500,000.00

Add: 1st Supp. Gen. Warrant 18,000,000.00 d.d. 28.05.2019 2nd Supp. Warrant 50,000,000.00 d.d. 24.06.2019

TOTAL 3,390,500,000.00 3,253,170,509.85 137,329,490.15 0.00

283 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD : 20 PENSIONS AND GRATUITIES

SECTION B - SUMMARY OF EXPENDITURE - 2

ACTUAL ESTIMATES EXPENDITURE SUB-HEAD VARIANCE FINANCIAL YEAR FINANCIAL YEAR 2019 2019

$ c $ c $ c $ c

CURRENT TRANSFERS AND 04 SUBSIDIES

ITEM 007 - HOUSEHOLDS Ministry of Finance (Treasury Division) Sub-Items 01 - 19, 33 - 34

Original Provision 2,607,500,000.00 Add: First Supplementary Gen. Warrant 18,000,000.00 d.d. 28.05.2019 Second Supplementary Warrant 50,000,000.00 d.d. 24.06.2019 2,675,500,000.00 Less: Virement of Funds to A.U.7- Ministry of National Security- G.A. Sub-Item 21-Fire Service Pensions (6,250,000.00) Sub-Item 38-Prisions Pensions (4,000,000.00) (10,250,000.00)

Less: Virement of Funds to A.U.21- Ministry of National Security- Defence Force Sub-Item 25-T&T Defence Force Pensions (6,500,000.00) Sub-Item 26-T&T Defence Force Gratuities (1,500,000.00) Sub-Item 27-T&T Defence Force Pensions Pensions to Dependants (1,750,000.00) (9,750,000.00)

TOTAL 2,655,500,000.00 2,550,122,340.09 105,377,659.91

284 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD: 20 - PENSIONS AND GRATUITIES

SECTION B - SUMMARY OF EXPENDITURE - 2

ACTUAL ESTIMATES EXPENDITURE SUB-HEAD FINANCIAL YEAR VARIANCE FINANCIAL YEAR 2019 2019

$ c $ c $ c $ c TOTAL B/F 2,655,500,000.00 2,550,122,340.09 105,377,659.91

CURRENT TRANSFERS AND 04 SUBSIDIES

Ministry of National Security (Fire Services) Sub-Items 21 - 22

21 Fire Service Pensions Original Provision 65,000,000.00 Add: Virement from 20/04/007/02 F:BUD: 12/20/4 dd 08.28.2019 6,250,000.00 71,250,000.00 70,169,288.00 1,080,712.00

22 Fire Service Gratuities Original Provision 25,000,000.00 Add: Virement from 20/04/007/39 F:BUD: 12/20/4 dd 08.28.2019 (4,000,000.00) 21,000,000.00 18,548,600.35 2,451,399.65

25 Trinindad and Tobago Defence Force- Pensions Original Provision 141,000,000.00 Add: Virement from 20/04/007/02 F: BUD: 12/20/4 dd 08.28.2019 6,500,000.00 147,500,000.00 145,279,397.05 2,220,602.95

26 Trinindad and Tobago Defence Force- Gratuties Original Provision 46,000,000.00 Add: Virement from 20/04/007/02 F:BUD: 12/20/4 dd.08.28.2019 1,500,000.00 Less: Virement to 20/04/007/27 F: BUD: 12/20/4 dd. 08.28.2019 (300,000.00) 47,200,000.00 40,333,692.57 6,866,307.43

286,950,000.00 274,330,977.97 12,619,022.03 Total C/F 2,942,450,000.00 2,824,453,318.06 117,996,681.94

285 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD : 20 PENSIONS AND GRATUITIES

SECTION B - SUMMARY OF EXPENDITURE - 2

ACTUAL ESTIMATES EXPENDITURE SUB-HEAD FINANCIAL YEAR VARIANCE FINANCIAL YEAR 2019 2019 $ c $ c $ c $ c TOTAL B/F 2,942,450,000.00 2,824,453,318.06 117,996,681.94

04 CURRENT TRANSFER AND SUBSIDIES ITEM 007 - Households

(Defence Force)

27 Trinidad and Tobago Defence Force- Pensions to Dependants Original Provision 11,000,000.00 Add: Virement from 20/04/00702 F: BUD: 12/20/4 dd 08.28.2019 1,750,000.00 Virement from 20/04/007/26 F: BUD: 12/20/4 dd 08.28.2019 300,000.00 13,050,000.00 12,133,484.56 916,515.44

38 Prisons Pensions Original Provision 48,000,000.00 Add: Virement from 20/04/007/02 F: BUD: 12/20/4 dd 08.28.2019 4,000,000.00 52,000,000.00 50,363,804.60 1,636,195.40

39 Prisons Gratuities Original Provision 20,000,000.00 Add: Virement from 20/04/007/22 F:BUD: 12/20/4 dd 08.28.2019 4,000,000.00 24,000,000.00 23,418,152.02 581,847.98

89,050,000.00 85,915,441.18 3,134,558.82 TOTAL C/F 3,031,500,000.00 2,910,368,759.24 121,131,240.76

286 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD: 20 - PENSIONS AND GRATUITIES

SECTION B - SUMMARY OF EXPENDITURE - 2

ACTUAL ESTIMATES EXPENDITURE SUB-HEAD FINANCIAL YEAR VARIANCE FINANCIAL YEAR 2019 2019 $ c $ c $ c $ c TOTAL B/F 3,031,500,000.00 2,910,368,759.24 121,131,240.76

(Trinidad and Tobago Police Service)

23 Police Pensions Original Provision 260,000,000.00 260,000,000.00 248,043,631.93 11,956,368.07

24 Police Gratuities Original Provision 70,000,000.00 70,000,000.00 69,986,975.31 13,024.69

Sub Total 330,000,000.00 318,030,607.24 11,969,392.76

Bal C/F 3,361,500,000.00 3,228,399,366.48 133,100,633.52

287 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD: 20 - PENSIONS AND GRATUITIES

SECTION B - SUMMARY OF EXPENDITURE - 2

ACTUAL ESTIMATES EXPENDITURE SUB-HEAD FINANCIAL YEAR VARIANCE FINANCIAL YEAR 2019 2019 $ c $ c $ c $ c TOTAL B/F 3,361,500,000.00 3,228,399,366.48 133,100,633.52

Ministry Of Works and Transport 30 Port Services Pensions Original Provision 21,000,000.00 21,000,000.00 20,588,826.22 411,173.78

31 Port Services Gratuities Original Provision 4,500,000.00 4,500,000.00 1,639,700.81 2,860,299.19

37 Railway Pensions Original Provision 3,500,000.00 3,500,000.00 2,542,616.34 957,383.66

Sub Total 29,000,000.00 24,771,143.37 4,228,856.63

TOTAL 3,390,500,000.00 3,253,170,509.85 137,329,490.15

288 SECTION D - NOTES TO THE ACCOUNTS Note 1 - Explanations for the causes of material variances between the Estimates and the Actual Expenditure re: Comptroller of Accounts ITEM 007 - HOUSEHOLDS SUB ITEMS - 01 - 19, 33 - 34 * Notification of Credits were received after September 30, 2019; thereby decreasing the expenditure totals in various sub-items.

SUB HEAD - 04 CURRENT TRANSFERS AND SUBSIDIES ITEM 007 - HOUSEHOLDS Sub-Item 23 - Police Pensions Sub-Item 24 - Police Gratuities Anticipated payments of Gratuities to Police Officers did not materialize. Late receipt of virements and transfers of releases hence the reason for unutilized Funds. Sub-Item 26 - Defence Force Gratuities Officers due to retire at age 45 are now expected to retire at age 47 due to promotion

Note 2 - Details of Statement required by paragraph 9 of Comptroller of Accounts Circular No. 07 dated August 12, 2019 : a. Details of nugatory or similar payments. These include payments for which no value or manifestly insufficient value has been received: NIL b. The amount of any unvouched or improperly vouched expenditure: NIL c. Overpayments discovered during the year with the following details:- No. of cases of No. of cases Total Amount Overpayment reported to the Amount Recovered discovered Comptroller of Overpaid during the Accounts and year 2019 Auditor General $ $

48 48 211,780.52 91,271.72 (Police)

0 0 0.00 0.00 (Defence Force) 16 0 63,673.46 3,387.10 (Works & Transport)

d - Losses of cash and stores which were discovered during the year: NIL e - Losses of cash settled or written-off during the year: NIL f - Particulars of losses of stores settled or written-off during the year: NIL g - Misallocations, which if correctly charged would have resulted in excess expenditure on any Sub-head, Item or Sub-item: NIL h - Irregular issues of stores: NIL i - Particulars of all gifts and/or donations received from agencies/entities within or outside of Trinidad and Tobago whether monetary or in kind: NIL

289 Details of Gifts Agency / Quantity Value $ Value $ Remarks and / or Country / Received Donations from whom Received Received

N/A N/A NIL 0.00 0.00 N/A

j - Particulars of trust and other monies held, whether temporarily or otherwise by any officer in his official capacity, either alone or jointly with any other, person whether an officer or not in accordance with Section 2 of the Exchequer and Audit Act, Chapter 69:01: NIL k - Any major transactions affecting the Appropriation Account for the Financial Year 2019 or relating to property for which the Accounting Officer is NIL responsible: l - i. Commitments as at September 30, 2019 in respect of each Sub-Head of Expenditure: NIL ii. Particulars in respect on Contracts already entered into but yet completed. NIL

290 SECTION D - NOTES TO THE ACCOUNTS

Note 3 -Comparative Statement of Expenditure for the five (5) Financial years 2015 - 2019.

EXPENDITURE CLASSIFICATION (SUB-HEADS)

CURRENT TRANSFER TO FINANCIAL GOODS MINOR CURRENT PERSONNEL STATUTORY DEBT DEVELOPMENT YEAR AND EQUIPMENT TRANSFER AND TOTAL EXPENDITURE BOARDS AND SERVICING PROGRAMME SERVICES PURCHASES SUBSIDIES SIMILAR BODIES

$ c $ c $ c $ c $ c $ c $ c $ c

2015 0.00 0.00 0.00 2,529,814,227.33 0.00 0.00 0.00 2,529,814,227.33

2016 0.00 0.00 0.00 2,819,922,929.03 0.00 0.00 0.00 2,819,922,929.03

2017 0.00 0.00 0.00 2,838,086,840.83 0.00 0.00 0.00 2,838,086,840.83

2018 0.00 0.00 0.00 3,194,681,502.66 0.00 0.00 0.00 3,194,681,502.66 2019 0.00 0.00 0.00 3,253,170,509.85 0.00 0.00 0.00 3,253,170,509.85

Note 4 - Payments out of public moneys to Members of Parliament (Other than salaries, allowances and pensions) Section 25 (2) of the Exchequer and Audit Act Chapter. 69:01

NAME OF MEMBER AMOUNT SERVICE / SERVICES FOR PAYMENT NIL NIL NIL

291 SECTION D - NOTES TO THE ACCOUNTS NOTE 5 - STATEMENT OF BANK ACCOUNTS HELD

Authority for Date Bank in Bank Account Type of Account Balance as at Opening Bank Account Which Account Title Account Signatories 09/30/2019 Account Opened Account Held Number

N/A N/A N/A N/A N/A N/A N/A N/A

NOTE 6 - Explanation for any discrepancies between Comptroller of Accounts Balances and the Appropriation Account N/A

NOTE 7 - Total value of Unpresented Cheques as at September 30, 2019:

Head 18 - Current Year - 8,687.56 Head 18 - Previous Year - NIL Head 20 - Current Year - 110,041,269.66 Head 20 - Previous Year - 2,294,666.63

SECTION E - CERTIFICATION CERTIFICATE

I hereby certify that the Appropriation Account for the financial year ended September 30, 2019 submitted in accordance with Section 24(1)(b) of the Exchequer and Audit Act Chapter 69:01, as amended by Act No.23 of 1998 has been reconciled with the Comptroller of Accounts (Paymaster's) Schedule of Receipts and Payments and any discrepancies have been identified and explained in the notes to the accounts.

Treasury Director, Pensions Management (Ag.) Comptroller of Accounts

January 2020 January 2020

292

Head 20 : pensions and gratuities

(AU 28)

Appropriation account

for the

financial year 2019

293

APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD : 20 PENSIONS AND GRATUITIES

(TREASURY DIVISION)

SECTION A - SUMMARY OF EXPENDITURE - 1

ACTUAL ESTIMATES EXPENDITURE SUB-HEAD VARIANCE FINANCIAL YEAR FINANCIAL YEAR 2019 2019

$ c $ c $ c $ c

CURRENT TRANSFERS AND 04 SUBSIDIES

007 Households Original Provision 2,607,500,000.00 Add : 1st Supplementery Gen. Warrant 18,000,000.00 dd. 05.28.2019 Second Supplementary Warrant 50,000,000.00 2,675,500,000.00 dd 06.24.2019

Less : Virement of funds to A.U 7 Min. of Nat. Sec. Gen. Admin. F:Bud:12/20/4 dd 08.28.2019 Sub Item 21 : Fire Service Pensions (6,250,000.00) Sub Item 38 : Prisons Pensions (4,000,000.00) (10,250,000.00) A.U 21 Min. of Nat. Sec. T&T Defence Force Sub Item 25 : T&T Defence Force Pensions (6,500,000.00) Sub Item 26 : T&T Defence Force Gratuities (1,500,000.00) Sub Item 27 : T&T Defence Force Pensions to Dependants (1,750,000.00) (9,750,000.00)

TOTAL 2,655,500,000.00 2,550,122,340.09 105,377,659.91

294 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019

HEAD : 20 PENSIONS AND GRATUITIES

(TREASURY DIVISION)

SECTION B - SUMMARY OF EXPENDITURE - 1

ACTUAL SUB-HEAD VARIANCE ESTIMATES EXPENDITURE $ c $ c $ c CURRENT TRANSFERS 04 AND SUBSIDIES

007 Households Total Provision 2,655,500,000.00 2,550,122,340.09 105,377,659.91

GRAND TOTAL 2,655,500,000.00 2,550,122,340.09 105,377,659.91

295 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD: 20 - PENSIONS AND GRATUITIES (TREASURY DIVISION) SECTION C - DETAILS OF EXPENDITURE

ESTIMATES ACTUAL VARIANCE FINANCIAL EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM (See Note 1 for YEAR FINANCIAL YEAR reasons for 2019 2019 Variances) $ c $ c $ c $ c CURRENT TRANSFERS AND 04 SUBSIDIES 007 HOUSEHOLDS Ministry of Finance (Treasury Division) 01 PUBLIC OFFICERS' PENSIONS Original Provision 1,663,000,000.00 1,663,000,000.00 1,633,180,762.33 29,819,237.67

02 PUBLIC OFFICERS' GRATUITIES Original Provision 500,000,000.00 Add : Second Supplementary Warrant dd 06.24.2019 50,000,000.00 Less : Virement of funds to A.U 7 Min. of Nat. Sec. Gen. Admin. F:Bud:12/20/4 dd 08.28.2019 Sub Item 21 : Fire Service Pensions (6,250,000.00) Sub Item 38 : Prisons Pensions (4,000,000.00) A.U 21 Min. of Nat. Sec. T&T Defence Force Sub Item 25 : T&T Defence Force Pensions (6,500,000.00) Sub Item 26 : T&T Defence Force Gratuities (1,500,000.00) Sub Item 27 : T&T Defence Force Pensions to Dependants (1,750,000.00) Less : Virement to 20/04/007/03 (4,000,000.00) Virement to 20/04/007/13 F : BUD : 12/20/4 dd. 09.26.2019 (500,000.00) 525,500,000.00 482,776,322.15 42,723,677.85

TOTAL C/F 2,188,500,000.00 2,188,500,000.00 2,115,957,084.48 72,542,915.52

296 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD: 20 - PENSIONS AND GRATUITIES (TREASURY DIVISION) SECTION C - DETAILS OF EXPENDITURE

ACTUAL VARIANCE ESTIMATES EXPENDITURE FINANCIAL SUB-HEAD/ITEM/SUB-ITEM FINANCIAL (See Note 1 for YEAR YEAR reasons for 2019 2019 Variances) $ c $ c $ c $ c TOTAL B/F 2,188,500,000.00 2,188,500,000.00 2,115,957,084.48 72,542,915.52

03 WIDOWS' & ORPHANS' PENSIONS Original Provision 180,000,000.00 Add : Virement from 20/04/007/02 F : BUD : 12/20/4 dd. 09.26.2019 4,000,000.00 184,000,000.00 181,079,487.64 2,920,512.36

04 ASSISTED SECONDARY SCHOOL TEACHERS' PENSIONS Original Provision 40,000,000.00 40,000,000.00 38,943,414.87 1,056,585.13

05 ASSISTED SECONDARY SCHOOL TEACHERS' GRATUITIES Original Provision 18,000,000.00 18,000,000.00 7,782,850.98 10,217,149.02

10 GRATUITIES TO TECHNICAL AND PROFESSIONAL CONTRACT OFFICERS Original Provision 115,000,000.00 Add : 1st Supplementery Gen. Warrant dd. 05.28.2019 18,000,000.00 133,000,000.00 132,539,957.98 460,042.02

12 EX-GRATIA AWARDS Original Provision 35,000,000.00 35,000,000.00 29,513,889.36 5,486,110.64

13 JUDGES' PENSIONS (INCLUDING WIDOWS') Original Provision 8,000,000.00 Virement from 20/04/007/02 F : BUD : 12/20/4 dd. 09.26.2019 500,000.00 8,500,000.00 7,131,289.79 1,368,710.21

TOTAL C/F 2,607,000,000.00 2,607,000,000.00 2,512,947,975.10 94,052,024.90

297 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD: 20 - PENSIONS AND GRATUITIES (TREASURY DIVISION) SECTION C - DETAILS OF EXPENDITURE

ACTUAL ESTIMATES VARIANCE EXPENDITURE FINANCIAL SUB-HEAD/ITEM/SUB-ITEM FINANCIAL (See Note 1 for YEAR YEAR reasons for 2019 2019 Variances) $ c $ c $ c $ c TOTAL B/F 2,607,000,000.00 2,607,000,000.00 2,512,947,975.10 94,052,024.90

14 JUDGES' GRATUITIES Original Provision 2,000,000.00 2,000,000.00 1,339,387.50 660,612.50

15 PRIME MINISTERS' PENSIONS (INCLUDING THEIR WIDOWS' AND CHILDREN) Original Provision 500,000.00 500,000.00 417,000.00 83,000.00

16 RETIRING ALLOWANCE - LEGISLATURE SERVICE Original Provision 15,000,000.00 15,000,000.00 9,215,819.86 5,784,180.14

18 PRESIDENT'S PENSIONS AND GRATUITIES (INCLUDING WIDOWS' PENSIONS) Original Provision 3,500,000.00 3,500,000.00 1,748,460.00 1,751,540.00

19 HEADS OF MISSIONS - PENSIONS AND GRATUITIES (INCLUDING WIDOWS' AND CHILDRENS' PENSIONS) Original Provision 3,200,000.00 3,200,000.00 1,769,618.26 1,430,381.74

TOTAL C/F 2,631,200,000.00 2,631,200,000.00 2,527,438,260.72 103,761,739.28

298 APPROPRIATION ACCOUNT FOR THE FINANCIAL YEAR 2019 HEAD: 20 - PENSIONS AND GRATUITIES (TREASURY DIVISION)

SECTION C - DETAILS OF EXPENDITURE

ACTUAL VARIANCE ESTIMATES EXPENDITURE SUB-HEAD/ITEM/SUB-ITEM FINANCIAL YEAR (SEE Note 1 for FINANCIAL YEAR 2019 reasons for 2019 Variances) $ c $ c $ c $ c TOTAL B/F 2,631,200,000.00 2,631,200,000.00 2,527,438,260.72 103,761,739.28

VOLUNTARY TERMINATION OF 33 EMPLOYMENT PLAN (Act 19 of 1989) PENSIONS

Original Provision 18,000,000.00 18,000,000.00 17,652,993.59 347,006.41

INDUSTRIAL COURT (PENSIONS AND 34 GRATUITIES OF MEMBERS) Original Provision 6,300,000.00 6,300,000.00 5,031,085.78 1,268,914.22

TOTAL 2,655,500,000.00 2,655,500,000.00 2,550,122,340.09 105,377,659.91

299 SECTION D - NOTES TO THE ACCOUNTS

Note 1 - Explanations for the causes of material variances between the Estimates and the Actual Expenditure. ITEM 007 - HOUSEHOLDS Sub-Items 01-19, 33-34

Note 2 - Details of Statement required by paragraph 9 of Comptroller of Accounts Circular No. 7 August 12, 2019. Notification Of Credits were received after September 30, 2019; thereby decreasing the Expenditure totals in various Sub-Items.

a. Details of nugatory or similar payments. These include payments for which no value or manifestly insufficient value has been received: NIL

b. The amount of any unvouched or improperly vouched expenditure: NIL

c. Overpayments discovered during the year with the following details:-

No. of cases of No. of cases Total Amount Overpayment reported to the Amount Recovered discovered Comptroller of Overpaid during the Accounts and $ $ year Auditor General

0 0 0.00 0.00

d - Losses of cash and stores which were discovered during the year: NIL

e - Losses of cash settled or written-off during the year: NIL

f - Particulars of losses of stores settled or written-off during the year: NIL

g - Misallocations, which if correctly charged would have resulted in excess expenditure on any Sub-head, Item or Sub-item: NIL

h - Irregular issues of stores: NIL

i - Particulars of all gifts and/or donations received from agencies/entities within or outside of Trinidad and Tobago whether monetary or in kind: NIL

Agency / Country Details of Gifts Quantity / from whom Value $ Value $ Remarks and / or Donations Received Received Received

N/A N/A NIL 0.00 0.00 N/A

j - Particulars of trust and other monies held, whether temporarily or otherwise by any officer in his official capacity, either alone or jointly with any other person, whether an officer or not in accordance with Section 2 of the Exchequer and Audit Act, Chapter 69:01: NIL

k - Any major transactions affecting the Appropriation Account for the Financial Year 2019 or relating to property for which the Accounting Officer is responsible: NIL

l - i. Commitments as at September 30, 2019 in respect of each Sub-Head of Expenditure: NIL ii. Particulars in respect on Contracts already entered into but yet completed. NIL

300 SECTION D - NOTES TO THE ACCOUNTS

Note 3 -Comparative Statement of Expenditure for the five (5) Financial years 2015 - 2019.

EXPENDITURE CLASSIFICATION (SUB-HEADS)

FINANCIAL PERSONNEL GOODS MINOR CURRENT CURRENT DEBT DEVELOPMENT TOTAL YEAR EXPENDITURE AND EQUIPMENT TRANSFERS TRANSFERS SERVICING PROGRAMME SERVICES PURCHASES AND TO SUBSIDIES STATUTORY BOARDS AND SIMILAR BODIES $ c $ c $ c $ c $ c $ c $ c $ c

2015 0.00 0.00 0.00 1,925,029,818.43 0.00 0.00 0.00 1,925,029,818.43

2016 0.00 0.00 0.00 2,259,789,206.00 0.00 0.00 0.00 2,259,789,206.00

2017 0.00 0.00 0.00 2,234,242,243.73 0.00 0.00 0.00 2,234,242,243.73

2018 0.00 0.00 0.00 2,474,427,193.44 0.00 0.00 0.00 2,474,427,193.44

2019 0.00 0.00 0.00 2,550,122,340.09 0.00 0.00 0.00 2,550,122,340.09

Note 4 - Payments out of public moneys to Members of Parliament (Other than salaries, allowances and pensions) Section 25 (2) of the Exchequer and Audit Act Chapter. 69:01

NAME OF MEMBER AMOUNT SERVICE / SERVICES FOR PAYMENT NIL NIL NIL NIL NIL

301

SECTION 5

STATEMENTS of receipts and disbursements for the financial year ended September 30, 2019

303 STATEMENT of receipts and disbursements for the financial year ended september 30, 2019

Permanent Secretary Ministry of Finance

304 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section A - Summary

RECEIVER OF REVENUE FN6 - PERMANENT SECRETARY MINISTRY/DEPARTMENT FINANCE DIVISION TREASURY

RECEIPTS:

Cash I.D.A. / OSM Total Revenue Head(s) $ $ $

07 - Other Non-Tax Revenue 9,752,540.00 0.00 9,752,540.00

TOTAL 9,752,540.00 0.00 9,752,540.00

DISBURSEMENT TO: Cash I.D.A. / OSM Total EXCHEQUER ACCOUNT $ $ $ Revenue Head(s)

07 - Other Non-Tax Revenue 9,752,540.00 0.00 9,752,540.00

TOTAL 9,752,540.00 0.00 9,752,540.00

BALANCE IN HAND AS AT SEPTEMBER 30, 2019 0.00

305

STATEMENT

of receipts and disbursements

for the

financial year ended

September 30, 2019

Permanent Secretary

Ministry of Finance

(Investment Division)

307

STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section A - Summary

RECEIVER OF REVENUE FN5 - PERMANENT SECRETARY MINISTRY/DEPARTMENT FINANCE DIVISION INVESTMENT

RECEIPTS:

Revenue Head (s) Cash I.D.A. / OSM Total $ $ $

06 - Property Income 1,545,715,201.50 0.00 1,545,715,201.50

09 - Capital Revenue 873,896,571.39 0.00 873,896,571.39

TOTAL 2,419,611,772.89 0.00 2,419,611,772.89

DISBURSEMENT TO: EXCHEQUER ACCOUNT Cash I.D.A. / OSM Total Revenue Head (s) $ $ $

06 - Property Income 1,545,715,201.50 0.00 1,545,715,201.50

09 - Capital Revenue 873,896,571.39 0.00 873,896,571.39

TOTAL 2,419,611,772.89 0.00 2,419,611,772.89

BALANCE IN HAND AS AT SEPTEMBER 30, 2019 NIL

308 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVER OF REVENUE FN5 - PERMANENT SECRETARY MINISTRY/DEPARTMENT FINANCE DIVISION INVESTMENT

REVENUE HEAD 06 - PROPERTY INCOME

Actual Receipts No. Sub-Head/Item/Sub-Item 2019 Non-Cash Estimates Cash I.D.A./OSM Total $ ¢ $ ¢ $ ¢ $ ¢

04 Profits from Non-Financial Enterprises

FN5 PERMANENT SECRETARY MINISTRY OF FINANCE (INVESTMENTS DIVISION)

002 State Enterprises 1,500,000,000.00 514,348,642.30 0.00 514,348,642.30 003 Clico Investment Fund 41,070,900.00 41,498,559.20 0.00 41,498,559.20

05 Profits from Public Financial Institutions

FN5 PERMANENT SECRETARY MINISTRY OF FINANCE (INVESTMENTS DIVISION)

001 State Enterprises 1,022,462,000.00 989,868,000.00 0.00 989,868,000.00

Total 2,563,532,900.00 1,545,715,201.50 0.00 1,545,715,201.50 Disbursements to Exchequer A/C 2,563,532,900.00 1,545,715,201.50 0.00 1,545,715,201.50

309 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVER OF REVENUE FN5 - PERMANENT SECRETARY MINISTRY/DEPARTMENT FINANCE DIVISION INVESTMENT DIVISION REVENUE HEAD 09 - CAPITAL REVENUE

No. Sub-Head/Item/Sub-Item 2019 Actual Receipts Estimates Cash I.D.A./OSM Total $ ¢ $ ¢ $ ¢ $ ¢ 02 Sale of Assets

FN5 PERMANENT SECRETARY MINISTRY OF FINANCE (INVESTMENTS DIVISION)

001 Sale of Shares in Methanol Holding International Limited (MHIL) 0.00 0.00 0.00 0.00

002 Sale of Other Assets 0.00 855,363,411.86 - 855,363,411.86

10 Extraordinary

FN5 PERMANENT SECRETARY MINISTRY OF FINANCE (INVESTMENT DIVISION)

Liquidation of Trinidad and Tobago Forest 0.00 342,784.07 0.00 342,784.07 011 NetProducts Proceeds Company from PhoenixLimited (TANTEAK)Park Gas 012 Processors Ltd. Initial Public Offering 0.00 0.00 0.00 0.00 Dissolution of Atrius Life Insurance 0.00 0.00 0.00 0.00 013 Company Limited Winding up of the Cocoa and Coffee 0.00 18,190,375.46 0.00 18,190,375.46 014 Industry Board (CCIB) Dissolution of the T&T Entertainment 0.00 0.00 0.00 0.00 015 Company Limited Dissolution of the Government Human 0.00 0.00 0.00 0.00 016 Resourse Services (GHRS) Indemnity Claim-First Citizens Bank 0.00 0.00 0.00 0.00 017 Limited

Total - 873,896,571.39 0.00 873,896,571.39 Disbursements to Exchequer A/C - 873,896,571.39 0.00 873,896,571.39

310

STATEMENT

of receipts and disbursements

for the

financial year ended

september 30, 2019

Comptroller of accounts

Ministry of Finance

312 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section A - Summary

RECEIVER OF REVENUE FN1 - COMPTROLLER OF ACCOUNTS MINISTRY/DEPARTMENT FINANCE DIVISION TREASURY

RECEIPTS:

Cash I.D.A. / OSM Total Revenue Head(s) $ $ $

06 - Property Income 1,791,720,036.28 (36,105.37) 1,791,683,930.91

07 - Other Non-Tax Revenue 541,420,918.52 (123,360.89) 541,297,557.63

08 - Repayment of Past Lending 1,362,743,269.02 0.00 1,362,743,269.02

09 - Capital Revenue 97,997,890.45 6,978,946.95 104,976,837.40

10 - Borrowing 8,013,679,793.84 342,923,387.33 8,356,603,181.17

11 - Extraordinary Receipts 0.00 0.00 0.00 TOTAL 11,807,561,908.11 349,742,868.02 12,157,304,776.13

DISBURSEMENT TO: Cash I.D.A. / OSM Total EXCHEQUER ACCOUNT $ $ $ Revenue Head(s)

06 - Property Income 1,791,720,036.28 (36,105.37) 1,791,683,930.91

07 - Other Non-Tax Revenue 541,420,918.52 (123,360.89) 541,297,557.63

08 - Repayment of Past Lending 1,362,743,269.02 0.00 1,362,743,269.02

09 - Capital Revenue 97,997,890.45 6,978,946.95 104,976,837.40

10 - Borrowing 8,013,679,793.84 342,923,387.33 8,356,603,181.17

11 - Extraordinary Receipts 0.00 0.00 0.00 TOTAL 11,807,561,908.11 349,742,868.02 12,157,304,776.13

BALANCE IN HAND AS AT SEPTEMBER 30, 2019 0.00

313 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVERS OF REVENUE FN1 - COMPTROLLER OF ACCOUNTS MINISTRY/DEPARTMENT FINANCE DIVISION TREASURY

REVENUE HEAD 06- PROPERTY INCOME

Actual Receipts No. Sub-Head/ Item/ Sub-Item 2019 Estimates Non-Cash Cash Total I.D.A. / OSM $ c $ c $ c $ c 02 Interest Income

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

001 Interest on Investment 1 Consolidated Fund 25,000.00 22,032.77 3,992.99 26,025.76

002 Interest on Floating Balances 10,000.00 29,058.30 0.00 29,058.30

003 Interest on Loans and Advances

COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

17 Interest on Loans to Public Servants 6,200,000.00 5,129,343.40 (40,098.36) 5,089,245.04

21 Trinidad and Tobago Mortgage Finance Company Limited 6,300,000.00 6,871,076.59 0.00 6,871,076.59 50 Loan to Government of Dominica 400,000.00 0.00 0.00 0.00 52 Loan to Government of St.Lucia 3,500,000.00 3,323,219.76 0.00 3,323,219.76 53 Loan to Government of Grenada 1,420,000.00 0.00 0.00 0.00 63 Loan to Government of Guyana 770,000.00 3,165,787.62 0.00 3,165,787.62 004 Interest on Swap Agreement - Six Fast Patrol Crafts 86,000.00 144,140.78 0.00 144,140.78

CARRIED FORWARD 18,711,000.00 18,684,659.22 (36,105.37) 18,648,553.85 $ c $ c $ c $ c BROUGHT FORWARD 18,711,000.00 18,684,659.22 (36,105.37) 18,648,553.85

04 Profits from Non-Financial Enterprises

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

DIVIDENDS AND SURPLUSES

001 National Lottery (Chap. 21:04) 200,000,000.00 272,231,984.00 0.00 272,231,984.00

002 Telecommunications Authority of Trinidad and Tobago (TATT) 30,900,000.00 28,943,659.00 0.00 28,943,659.00

05 Profits from Public Financial Institutions

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

INTEREST, DIVIDENDS AND SURPLUSES

001 Equity Profits - Central Bank (Chap. 79:02) 1,070,000,000.00 1,471,859,734.06 0.00 1,471,859,734.06

TOTAL 1,319,611,000.00 1,791,720,036.28 (36,105.37) 1,791,683,930.91 Disbursements to Exchequer A/C 1,791,720,036.28 (36,105.37) 1,791,683,930.91

314 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVER OF REVENUE FN1- COMPTROLLER OF ACCOUNTS MINISTRY/DEPARTMENT FINANCE DIVISION TREASURY

REVENUE HEAD 07- OTHER NON-TAX REVENUE

Actual Receipts 2019 No. Sub-Head/ Item/ Sub-Item Non-Cash Estimates Cash Total I.D.A. / OSM $ c $ c $ c $ c 01 Administrative Fees And Charges

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

001 Licence Fees - Financial Institutions other than Commercial Banks 0.00 0.00 0.00 0.00

02 Fines and Forfeitures

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

001 Fines and Penalties under the Financial Institutions Act No. 26 of 2008 (Ch 79:09) 100,000.00 994,333.96 0.00 994,333.96

03 Pension Contributions

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 001 Contributions to Widows' and Orphans' Pension Scheme (Chap. 23:54) 700,000.00 525,776.31 480.00 526,256.31 002 Police Service - Contribution to Superannuation Fund (Chap. 23:52) 8,000,000.00 3,937,659.56 0.00 3,937,659.56 003 Fire Services - Contribution to Superannuation Fund (Chap. 23:52) 3,500,000.00 2,322,993.87 0.00 2,322,993.87

005 Trinidad and Tobago Defence Force Contribution to Superannuation Fund (Chap 23:52) 28,500,000.00 30,517,603.55 0.00 30,517,603.55 006 Members of Parliament 1,000,000.00 970,335.49 0.00 970,335.49 007 Heads of Missions (Chap. 17:04) 223,000.00 289,963.20 0.00 289,963.20 008 Officers on Secondment (Chap. 23:52) 02 University of the West Indies 50,000.00 24,466.40 0.00 24,466.40

11 Trinidad and Tobago Bureau of Standards 0.00 0.00 0.00 0.00 12 Legal Aid and Advisory Authority 0.00 0.00 0.00 0.00 16 Airports Authority of Trinidad and Tobago 0.00 0.00 0.00 0.00 20 National Institute of Higher Education Research Science and Technology (NIHERST) 0.00 0.00 0.00 0.00 23 Public Services Association 0.00 0.00 0.00 0.00 33 Trinidad and Tobago Securities & Exchange Commission 0.00 0.00 0.00 0.00 34 Trinidad & Tobago Industrial Development Corporation (TIDCO) 0.00 0.00 0.00 0.00 35 National Agricultural Marketing and Development Corporation (NAMDEVCO) 0.00 0.00 0.00 0.00 37 College of Science Technology and Applied Arts of Trinidad & Tobago 0.00 187,884.89 0.00 187,884.89 39 Telecommunications Authority of T&T 0.00 0.00 0.00 0.00

CARRIED FORWARD 42,073,000.00 39,771,017.23 480.00 39,771,497.23

315 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVER OF REVENUE FN1- COMPTROLLER OF ACCOUNTS MINISTRY/DEPARTMENT FINANCE DIVISION TREASURY

REVENUE HEAD 07- OTHER NON-TAX REVENUE

Actual Receipts BROUGHT FORWARD 42,073,000.002019 39,771,017.23 480.00 39,771,497.23 No. Sub-Head/ Item/ Sub-Item 03 Pension Contributions (Continued) Estimates FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

40 University of Trinidad & Tobago (UTT) 0.00 0.00 0.00 0.00

009 Prison Service -Contribution to Superannuation Fund (Chap. 13:02) 4,500,000.00 3,689,573.76 0.00 3,689,573.76

04 Non-Industrial Sales FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

SALE OF GOVERNMENT STORES AND OTHER PROPERTY 001 Sale of obsolete, redundant and unserviceable Government Stores and 3,000,000.00 1,398,597.78 0.00 1,398,597.78 Property (Chap. 71:91)

06 Other (Miscellaneous) FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

001 Gain on Sale of Investments 1,000.00 22,379.22 0.00 22,379.22 002 Recoveries of Overpayments relating to previous years (Chap. 69:01) 45,000,000.00 42,206,029.78 226,427.44 42,432,457.22 005 Life Insurance Companies Salary Deduction Plan 520,000.00 523,027.44 0.00 523,027.44 008 Telephone, Telegram and Cablegram Charges 1,000.00 77,273.69 0.00 77,273.69 009 Government Vehicles Insurance Fund 700,000.00 89,313.28 0.00 89,313.28 010 Sundry 1,000,000.00 193,517,099.95 1,970,209.17 195,487,309.12 011 Unclaimed Deposits 15,000,000.00 26.65 1,844,966.04 1,844,992.69 012 In-operative Accounts at Commercial Banks (Chap. 79:09) 14,000,000.00 25,509,703.68 (4,165,443.54) 21,344,260.14 016 Fees - Payment for the use of Caption - "Brokers to the Government of Trinidad and Tobago." 0.00 0.00 0.00 0.00 020 Gain on Treasury Bills 0.00 0.00 0.00 0.00

023 Net Settlement on Swap Transaction - Loan - Citibank N.A. 200,000,000.00 217,354,680.03 0.00 217,354,680.03 025 Recovery of Expenses - Items issued to Public Officers for personal use 80,000.00 99,486.64 0.00 99,486.64 026 Caribbean Catastrophe Risk Insurance Facility Seregate Portfolio Company (CCRIFSPC) 0.00 17,162,709.39 0.00 17,162,709.39 027 Withdrawal, Redemption, Demonetization of One Cent Coins 0.00 0.00 0.00 0.00

TOTAL 325,875,000.00 541,420,918.52 (123,360.89) 541,297,557.63 Disbursements to Exchequer A/C 541,420,918.52 (123,360.89) 541,297,557.63

316 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVER OF REVENUE FN1- COMPTROLLER OF ACCOUNTS MINISTRY/DEPARTMENT FINANCE DIVISION TREASURY

REVENUE HEAD 08- REPAYMENT OF PAST LENDING

No. Actual Receipts 2019 Sub-Head/ Item/ Sub-Item Non-Cash Estimates Cash Total I.D.A. / OSM $ c $ c $ c $ c

03 Repayment of Loans by Public Enterprises

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

002 Trinidad and Tobago Mortgage Finance Company Limited 138,812,500.00 138,812,504.29 0.00 138,812,504.29 023 Repayment of Loans by Public Enterprises - Petrotrin 0.00 1,200,000,000.00 0.00 1,200,000,000.00 028 Trinidad Generation Unlimited 0.00 0.00 0.00 0.00

06 Repayment of Other Loans FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 011 Government of St. Lucia 6,700,000.00 6,776,800.00 0.00 6,776,800.00 012 Government of Grenada 6,170,000.00 0.00 0.00 0.00 013 Government of St. Vincent 0.00 0.00 0.00 0.00 014 Government of Guyana 9,500,000.00 17,153,964.73 0.00 17,153,964.73

TOTAL 161,182,500.00 1,362,743,269.02 0.00 1,362,743,269.02 Disbursements to Exchequer A/C 1,362,743,269.02 0.00 1,362,743,269.02

317 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVER OF REVENUE FN1 - COMPTROLLER OF ACCOUNTS MINISTRY/DEPARTMENT FINANCE DIVISION TREASURY

REVENUE HEAD 09 - CAPITAL REVENUE

Actual Receipts 2019 No. SubHead/ Item/ Sub-Item Non-Cash Estimates Cash Total I.D.A. / OSM $ c $ c $ c $ c

07 Unspent Balances Stat. Boards & Similar Bodies

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 001 Unspent Balances Stat. Boards and Similar Bodies 7,000,000.00 3,829,858.44 0.00 3,829,858.44 09 Grants FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 001 Grants 521,000.00 0.00 6,978,946.95 6,978,946.95

10 Extraordinary FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE 010 Extraordinary Receipts 3,000,000,000.00 0.00 0.00 0.00

011 Residual Balance from the Bank Account of the former SAUTT 0.00 0.00 0.00 0.00

012 Residual Balance held by WISE Re: Ex GratiaGratia payments payments to to minority minority(New shareholders BWIA) of BWIA West Indies Airways Ltd (New BWIA) 0.00 0.00 0.00 0.00

013 Residual Balance from the Bank Account of the Caricom Trade Support Programme of Trinidad and Tobago 0.00 89,705.24 0.00 89,705.24 Unexpended balances of the Venture Capital 014 Incentive Programme (VCIP) 0.00 0.00 0.00 0.00

015 Residual Balance from the Bank Account of the Human Capital Development Facilitation Comp Ltd Min of Tobago Dev 0.00 0.00 0.00 0.00

016 T & T (BWIA International) Airways Corp. ( Old BWIA ) 0.00 0.00 0.00 0.00

12 Transfer from Funds FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

002 Transfer from Caroni Reserve Funds 0.00 53,504,271.21 0.00 53,504,271.21

CARRIED FORWARD 3,007,521,000.00 57,423,834.89 6,978,946.95 64,402,781.84 BROUGHT FORWARD 3,007,521,000.00 57,423,834.89 6,978,946.95 64,402,781.84

12 Transfers from Funds

003 Transfers of Balance from the Caricom Trade Support Fund 0.00 40,574,055.56 0.00 40,574,055.56

TOTAL 3,007,521,000.00 97,997,890.45 6,978,946.95 104,976,837.40 Disbursements to Exchequer A/C 97,997,890.45 6,978,946.95 104,976,837.40

318 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVER OF REVENUE FN1 - COMPTROLLER OF ACCOUNTS MINISTRY/DEPARTMENT FINANCE DIVISION TREASURY

REVENUE HEAD 10 - BORROWING

Actual Receipts 2019 No. SubHead/ Item/ Sub-Item Non-Cash Estimates Cash Total I.D.A. / OSM $ c $ c $ c $ c

FN1 COMPTROLLER OF ACCOUNTS MINISTRY OF FINANCE

01 Domestic 450,000,000.00 6,301,298,132.97 104,217,948.73 6,405,516,081.70

02 Foreign 1,101,200,000.00 1,712,381,660.87 238,705,438.60 1,951,087,099.47

TOTAL 1,551,200,000.00 8,013,679,793.84 342,923,387.33 8,356,603,181.17 Disbursements to Exchequer A/C 8,013,679,793.84 342,923,387.33 8,356,603,181.17

319

STATEMENT

of receipts and disbursements

for the

financial year ended

september 30, 2019

Comptroller of customs and

excise

Ministry of finance

321 STATEMENTS OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section A - Summary

RECEIVER OF REVENUE FN3 - COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY/DEPARTMENT FINANCE DIVISION CUSTOMS AND EXCISE

RECEIPTS:

Revenue Heads Cash I.D.A /OSM Total $ $ $

03- Taxes on Goods and Services 923,496,577.21 549,632.52 924,046,209.73

04- Taxes on International Trade 2,165,013,643.21 507,248,587.99 2,672,262,231.20

07- Other Non-Tax Revenue 53,279,486.26 11,887,534.36 65,167,020.62 TOTAL 3,141,789,706.68 519,685,754.87 3,661,475,461.55

DISBURSEMENTS TO: Cash I.D.A /OSM Total EXCHEQUER ACCOUNT $ $ $ Revenue Heads

03- Taxes on Goods and Services 923,496,577.21 549,632.52 924,046,209.73

04- Taxes on International Trade 2,165,013,643.21 507,248,587.99 2,672,262,231.20

07- Other Non-Tax Revenue 53,279,486.26 11,887,534.36 65,167,020.62 TOTAL 3,141,789,706.68 519,685,754.87 3,661,475,461.55

BALANCE IN HAND AS AT September 30th , 2019 0.00

322 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B- Details of Revenue

RECEIVER OF REVENUE FN3- COMPTROLLER OF CUSTOMS & EXCISE MINISTRY/DEPARTMENT FINANCE DIVISION CUSTOMS AND EXCISE

REVENUE HEAD 03 - TAXES ON GOODS AND SERVICES

Actual Receipts 2019 Non Cash No. Sub-Head/Item/Sub-Item Estimates Cash I.D.A./OSM Total

$ c $ c $ c $ c BROUGHT FORWARD 941,362,550.00 863,861,438.23 403,688.03 864,265,126.26

08 Alcohol & Tobacco Taxes

FN3 COMPTROLLER OF CUSTOMS & EXCISE MINISTRY OF FINANCE

001 Alcoholic & Other Beverages Tax (Ch. 77:01) 5,000.00 5,811.82 0.00 5,811.82 002 Tobacco Tax (Ch. 77:01) 31,000,000 28,885,243.57 0.00 28,885,243.57

09 Tax on online purchases

FN3 COMPTROLLER OF CUSTOMS & EXCISE MINISTRY OF FINANCE

001 Tax on online purchases 28,000,000 30,744,083.59 145944.49 30,890,028.08

TOTAL 1,000,367,550.00 923,496,577.21 549,632.52 924,046,209.73

Disbursement to Exchequer A/C 923,496,577.21 549,632.52 924,046,209.73

325 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVER OF REVENUE FN-3 COMPTROLLER OF CUSTOMS & EXCISE MINISTRY/ DEPARTMENT FINANCE DIVISION CUSTOMS AND EXCISE

REVENUE HEAD 04 - TAXES ON INTERNATIONAL TRADE

Actual Receipts No. Sub-Head/Item/Sub-Item 2019 Non Cash Estimates Cash I.D.A./OSM Total

$ c $ c $ c $ c

01 Import Duties

FN3 COMPTROLLER OF CUSTOMS & EXCISE MINISTRY OF FINANCE

001 Import Duties (Ch. 78:01) 2,550,000,000 2,144,180,542.62 505,274,130.16 2,649,454,672.78 002 Stamp Duty on Bills of Entry 800 0 0 - 004 Special Tax-Household Effects (Ch. 77:01) 5,000 196,558.10 - 196,558.10 005 Import Surcharge (Ch. 77:01) 24,500,000 20,240,443.76 1,974,457.83 22,214,901.59

02 Other

FN3 COMPTROLLER OF CUSTOMS & EXCISE MINISTRY OF FINANCE

001 Miscellaneous 100,000 16,370.65 0.00 16,370.65 002 Anti-dumping Duty (Ch. 78:05) 150,000 379,728.08 379,728.08 003 Countervailing Duty (Ch. 78:05) 0.00 - 0.00 -

TOTAL 2,574,755,800.00 2,165,013,643.21 507,248,587.99 2,672,262,231.20

Disbursements to Exchequer A/C 2,165,013,643.21 507,248,587.99 2,672,262,231.20

326 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B- Details of Revenue

RECEIVER OF REVENUE FN3 - COMPTROLLER OF CUSTOMS AND EXCISE MINISTRY/DEPARTMENT FINANCE DIVISION CUSTOMS AND EXCISE

REVENUE HEAD 07 - OTHER NON-TAX REVENUE

No. Sub-Head/Item/Sub-Item 2019 Non Cash Estimates Cash I.D.A./OSM Total

$ c $ c $ c $ c 01 Administrative Fees And Charges

FN3 COMPTROLLER OF CUSTOMS & EXCISE MINISTRY OF FINANCE

001 Comptroller Of Customs & Excise (Ch.78:01) 10,000,000 10,308,455.58 0.00 10,308,455.58 002 Processing of Bills of Sight (Ch. 78:01) 40,000 98,638.21 -51080.64 47,557.57 003 Container Processing Fees (Ch. 78:01) 35,000,000 31,012,431.12 8,246,550.00 39,258,981.12 004 Customs Declaration Transaction User Fee (Ch. 78:01) 9,000,000 6,884,581.56 2,996,990.00 9,881,571.56

02 Fines & Forfeitures

FN3 COMPTROLLER OF CUSTOMS & EXCISE MINISTRY OF FINANCE

001 Fines & Seizures (Ch. 78:50) (Ch. 78:01) 4,300,000 4,250,141.81 695,275 4,945,416.81

04 Non Industrial Sales

FN3 COMPTROLLER OF CUSTOMS & EXCISE MINISTRY OF FINANCE

001 Sale Of Spirits Stock Books (Ch. 84:10) 7,000 5,600.00 - 5,600.00 002 Sale Of Certificate Books (Spirit Removal) (Ch. 84:10) 70,000 176,612.00 0 176,612.00 003 Sale Of Certificate Books (Petrol Removal) (Ch. 84:10) 50,000 35,500.00 -200 35,300.00

004 Sale of Goods (Ch. 84:10) 250000 35.97 0 35.97

06 Other (Miscellaneous)

FN3 COMPTROLLER OF CUSTOMS & EXCISE MINISTRY OF FINANCE

001 Excise Warehouse (Ch.78:50) 150,000 507,490.01 507,490.01

Total 58,867,000.00 53,279,486.26 11,887,534.36 65,167,020.62

Disbursements to Exchequer A/C 53,279,486.26 11,887,534.36 65,167,020.62

327

STATEMENT

of receipts and disbursements

for the

financial year ended

september 30, 2019

Chairman, Board of Inland

Revenue

Ministry of Finance

329

STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section A - Summary

RECEIVER OF REVENUE FN 2- CHAIRMAN BOARD OF INLAND REVENUE MINISTRY/DEPARTMENT FINANCE DIVISION INLAND REVENUE

RECEIPTS:

Cash I.D.A /OSM Total Revenue Head(s) $ $ $ 01 - Taxes on Income and Profits 22,046,942,735.92 (415,988,516.42) 21,630,954,219.50 02 - Taxes on Property 0.00 - 0.00 03- Taxes on Goods and Services 9,166,118,964.71 (2,825,132,738.07) 6,340,986,226.64 05- Other Taxes 355,603,759.78 - 355,603,759.78 07- Other Non-Tax Revenue 102,652.00 - 102,652.00

TOTAL 31,568,768,112.41 (3,241,121,254.49) 28,327,646,857.92

DISBURSEMENTS TO: Cash I.D.A /OSM Total EXCHEQUER ACCOUNT $ $ $ Revenue Head(s)

01 - Taxes on Income and Profits 22,046,942,735.92 (415,988,516.42) 21,630,954,219.50 02 - Taxes on Property 0.00 - 0.00 03- Taxes on Goods and Services 9,166,118,964.71 (2,825,132,738.07) 6,340,986,226.64 05- Other Taxes 355,603,759.78 - 355,603,759.78 07- Other Non-Tax Revenue 102,652.00 - 102,652.00

TOTAL 31,568,768,112.41 (3,241,121,254.49) 28,327,646,857.92

BALANCE IN HAND AS AT SEPTEMBER 30, 2019 0.00

330 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B- Details of Revenue

RECEIVER OF REVENUE FN2 - CHAIRMAN BOARD OF INLAND REVENUE MINISTRY/DEPARTMENT FINANCE FINANCE AND THE ECONOMY DIVISION INLAND REVENUE INLAND REVENUE

REVENUE HEAD 01 - TAXES ON 01 INCOME - TAXES AND ON PROFITS INCOME AND PROFITS

Actual Receipts 2019 Non Cash No. Sub-Head/Item/Sub-Item Estimates Cash I.D.A./OSM Total

$ c $ c $ c $ c

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

01 Oil Companies (Chap. 75:04) 3,970,172,000.00 3,755,320,054.41 0.00 3,755,320,054.41 02 Other Companies (Chap. 75:02) 8,500,000,000.00 8,693,744,940.55 0.00 8,693,744,940.55 03 Individuals (Chap. 75:01) 6,912,000,000.00 7,328,903,243.77 (410,619,812.38) 6,918,283,431.39 04 Witholding Tax (Chap. 75:01) 850,000,000.00 1,359,694,883.67 0.00 1,359,694,883.67 05 Insurance Surrender Tax (Chap. 75:01) 55,308,200.00 64,608,460.96 0.00 64,608,460.96 07 Business Levy (Chap. 75:02) 692,000,000.00 654,024,503.48 (5,375,226.94) 648,649,276.54 09 Health Surchage (Chap. 75:05) 185,000,000.00 190,646,649.08 6,522.90 190,653,171.98

TOTAL 21,164,480,200.00 22,046,942,735.92 (415,988,516.42) 21,630,954,219.50 Disbursements to Exchequer A/C 22,046,942,735.92 (415,988,516.42) 21,630,954,219.50

331 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B- Details of Revenue

RECEIVER OF REVENUE FN2 - CHAIRMAN BOARD OF INLAND REVENUE MINISTRY/DEPARTMENT FINANCE FINANCE AND THE ECONOMY DIVISION INLAND REVENUE

REVENUE HEAD 02 - TAXES ON PROPERTY

Actual receipts 2019 Non Cash No. Sub-Head/Item/Sub-Item Estimates Cash I.D.A./OSM Total

$ c $ c $ c $ c

03 Property Tax

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Property Tax (Act No. 18 of 2009) 250,000,000.00 0.00 0.00 0.00

04 Industrial Land Tax 0.00 0.00 0.00 0.00

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Industrial and Land Tax 0.00 0.00 0.00 0.00

TOTAL 250,000,000.00 0.00 0.00 0.00 Disbursements to Exchequer A/C 0.00 0.00 0.00

332 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B- Details of Revenue

RECEIVER OF REVENUE FN2 - CHAIRMAN BOARD OF INLAND REVENUE MINISTRY/DEPARTMENT FINANCE DIVISION INLAND REVENUE

REVENUE HEAD 03 - TAXES ON GOODS AND SERVICES

Actual Receipts No. Sub-Head/Item/Sub-Item 2019 Non Cash Estimates Cash I.D.A./OSM Total

$ c $ c $ c $ c

05 Motor Vehicles Taxes and Duties (Chap 48:50)

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Motor Vehicles Taxes (Chap. 48:50) 260,000.00 131,806.52 0.00 131,806.52 003 Tax on transfer of Used Motor Vehicles (Ch. 48:50) 39,000,000.00 37,178,270.00 0.00 37,178,270.00

06 Other

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Auctioneers (Chap. 84:03) 4,000.00 4,000.00 0.00 4,000.00 004 Tax Clearance Certificates (Ch. 75:01 & Ch. 75:06) 1,200,000.00 1,115,500.00 0.00 1,115,500.00 005 Moneylenders (Chap. 84:04) 67,000.00 83,000.00 0.00 83,000.00 006 Pawnbrokers (Chap. 84:05) 25,000.00 30,000.00 0.00 30,000.00 015 Hotel Room Tax (Chap. 77:01) 54,272,000.00 54,671,764.31 0.00 54,671,764.31 019 Transaction Tax on Financial Services (Chap. 77:01) 96,140,000.00 103,196,731.00 0.00 103,196,731.00 020 Insurance Premium Tax (Chap. 77:01) 170,000,000.00 180,299,690.84 0.00 180,299,690.84 021 Club Gaming Tax (Chap. 21:01) 103,378,000.00 71,230,589.30 0.00 71,230,589.30 022 Winnings Tax 100,000,000.00 45,006,654.00 0.00 45,006,654.00

07 Value Added Tax

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Value Added Tax (Ch. 75:06, Act 37 of 1989) 7,416,000,000.00 8,673,170,958.74 (2,825,132,738.07) 5,848,038,220.67

TOTAL 7,980,346,000.00 9,166,118,964.71 (2,825,132,738.07) 6,340,986,226.64

Disbursements to Exchequer A/C 9,166,118,964.71 (2,825,132,738.07) 6,340,986,226.64

333 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B- Details of Revenue

RECEIVER OF REVENUE FN2 - CHAIRMAN BOARD OF INLAND REVENUE MINISTRY/DEPARTMENT FINANCE DIVISION INLAND REVENUE

REVENUE HEAD 05 - OTHER TAXES

Actual receipts No. Sub-Head/Item/Sub-Item 2019 Non Cash Estimates Cash I.D.A./OSM Total

$ c $ c $ c $ c

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

01 Stamp Duties (Chap. 76:01) 315,000,000.00 355,603,759.78 0.00 355,603,759.78

TOTAL 315,000,000.00 355,603,759.78 0.00 355,603,759.78

Disbursements to Exchequer A/C 355,603,759.78 0.00 355,603,759.78

334 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B- Details of Revenue

RECEIVER OF REVENUE FN2 - CHAIRMAN BOARD OF INLAND REVENUE MINISTRY/DEPARTMENT FINANCE DIVISION INLAND REVENUE

REVENUE HEAD 07 - OTHER NON-TAX REVENUE

Actual Receipts 2019 Non Cash No. Sub-Head/Item/Sub-Item Estimates Cash I.D.A./OSM Total

$ c $ c $ c $ c

01 Administrative Fees and Charges

FN2 CHAIRMAN BOARD OF INLAND REVENUE MINISTRY OF FINANCE

001 Cinematograph Arrangement Fee (Chap. 77:03 Sec 10) 33,000.00 33,020.00 0.00 33,020.00 002 Warden's Search Fees 70,000.00 69,112.00 0.00 69,112.00 003 Pension Plan - Registration Fee (Ch. 84:01) 500.00 520.00 0.00 520.00

TOTAL 103,500.00 102,652.00 0.00 102,652.00 Disbursements to Exchequer A/C 102,652.00 0.00 102,652.00

335 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section C- Notes to the Accounts Notes Sub- Amounts C/F in Departmental Receipt No. and COA Receipt No. and Date Head/Item/Sub- financial year Date Item 2020 1 1/2/FN2/0 ($4,308.46) Tobago Revenue Not Brought to Account - $2,580.95 dd. 8/2/19 and $1,727.51 dd 6/6/19.No receipt received.The difference between BIR and Comptroller of Accounts 2 1/3/FN2/0 ($3,035,854.94) Dishonoured cheques of $2,661,623.33 and direct deposits made at Treasury re:Ministry of Sports and the T&T Police Service.The difference between BIR and Comptroller of Accounts

3 1/9/FN2/0 ($98,703.24) The difference between BIR and Comptroller of Accounts.Tobago Revenue not brought to Account in the sum of $50,234.25 dd 8/2/19 and $48,468.99 dd 6/6/19

4 3/6/FN2/4 ($1,000.00) Tobago Revenue Not Brought to Account - $700.00 dd. 8/2/19 and $300.00 dd 6/6/19.No receipt received.The difference between BIR and Comptroller of Accounts

5 3/6/FN2/15 ($13,675.21) Tobago Revenue Not Brought to Account - $8,014.00 dd. 8/2/19 and $5,661.21 dd 6/6/19.The difference between BIR and Comptroller of Accounts.

6 3/7/FN2/1 ($0.40) The $ 0.40 is due to a discrepancy in the treasury card listing given to IRD.The difference between BIR and Accounts

7 5/7/FN2/0 ($7,612.56) Stamp Duty figures differ as there is a discrepancy on the Gentax system of $649.56 and the amounts of $6,776.00 dd 6/6/19 and $187.00 dd 8/2/19 was not brought to account.The difference between BIR and Comptroller of Accounts

336

STATEMENT

of receipts and disbursements

for the

financial year ended

September 30, 2019

Permanent Secretary

Ministry of Finance

( SUPERVISOR OF INSOLVENCY)

338

STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section A - Summary

RECEIVERS OF REVENUE FN7 - SUPERVISOR OF INSOLVENCY MINISTRY/DEPARTMENT FINANCE DIVISION OFFICE OF THE SUPERVISOR OF INSOLVENCY

RECEIPTS:

Revenue Head(s) Cash I.D.A./OSM Total $ $ $

07 - Other Non-Tax Revenue 23,250.00 0.00 23,250.00

TOTAL 23,250.00 0.00 23,250.00

DISBURSEMENT TO: EXCHEQUER ACCOUNT Cash I.D.A/OSM Total Revenue Head (s) $ $ $

07 - Other Non-Tax Revenue 23,250.00 0.00 23,250.00

TOTAL 23,250.00 0.00 23,250.00

BALANCE IN HAND AS AT SEPTEMBER 30, 2019 0.00

339 STATEMENT OF RECEIPTS AND DISBURSEMENTS FOR THE FINANCIAL YEAR 2019

Section B - Details of Revenue

RECEIVERS OF REVENUE FN7 - SUPERVISOR OF INSOLVENCY MINISTRY/DEPARTMENT FINANCE DIVISION OFFICE OF THE SUPERVISOR OF INSOLVENCY

REVENUE HEAD 07 - OTHER NON-TAX REVENUE

No. Sub-Head/Item/Sub Item 2019 Non-Cash Total Cash Estimates I.D.A/OSM

$ $ $ 01 Administrative Fees and Charges FN7 Supervisor of Insolvency Office of the Supervisor of Insolvency

001 Fees for Licenses and Other Services under the Bankruptcy and Insolvency Act No. 26 of 2007

2,700,000.00 23,250.00 23,250.00 Total 2,700,000.00 23,250.00 0.00 23,250.00 Disbursements to Exchequer A/C 23,250.00 0.00 23,250.00

340

SECTION 6

Report on the government

employees’ provident fund

for the financial year ended

September 30, 2019

342