Despite a withdrawal of about US$410.8 million, Trinidad and Tobago’s Heritage and Stabilisation Fund (HSF) witnessed a slight growth from US$6.445 billion in September 2024 to US$6.608 billion in September 2025. Throughout this period, the fund did not receive any new capital contributions. Auditor General, Jaiwantee Ramdass, validated the fund’s financial position as presented in its statements. However, she highlighted a legal compliance issue, noting that from May 17 to August 19, 2025, the fund operated without a Board of Governors, hence it could not hold any required meetings. The report also got wrapped up in a legal tussle when attorneys for a COP official accused the Finance Minister of failing to present it to Parliament within the legal deadline. The report was eventually submitted to the Senate just a day before the deadline set by the attorneys, the Opposition PNM officials have yet to comment on the matter.
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Questions Raised After Auditor General Report Reveals $410M Withdrawal From Heritage Stabilisation Fund