Tag: HSF

The Heritage and Stabilisation Fund 101 – Part Three

10 June 2016

Introduction

In the third of a three-part series we take a further look at the Heritage and Stabilisation Fund of the Republic of Trinidad and Tobago. We look at the future of the fund and discuss the desirability of splitting the fund into two distinct parts that reflect the funds dual purpose. We also take the opportunity to assess other reforms that may improve the returns of the HSF and the transparency and accountability of its operations.

Background

The Heritage and Stabilisation Fund (HSF) was created by Act number 6 of 2007 and received Presidential Assent on the 15th March 2007. The HSF is a successor fund to the Interim Revenue Stabilisation Fund (IRSF), with the balance on the IRSF being transferred to the HSF by provision of section 12 of the Act.

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The first part in this series of blog entries discussed the purpose of the HSF, what the fund comprises of, when the government is obliged to add to the fund, when the government is allowed by law to utilise the fund, whether a minimum balance must be retained on the fund, and who manages the fund on behalf of the citizens of Trinidad and Tobago. The first blog entry in this series may be found here.

 

The second part in this series of blog entries looked at the performance of the fund, the type of investments the fund has made, and how it ranks internationally against other sovereign funds of a similar type. The second blog entry in this series may be found here Read more…

The Heritage and Stabilisation Fund 101 – Part Two

6 June 2016

Introduction

In the second of a three-part series we take a further look at the Heritage and Stabilisation Fund of the Republic of Trinidad and Tobago. We look at the performance of the fund, the type of investments that the fund has made, and how it ranks internationally against other sovereign funds of a similar type.

Background

The Heritage and Stabilisation Fund (HSF) was created by Act number 6 of 2007 and received Presidential Assent on the 15th March 2007. The HSF is a successor fund to the Interim Revenue Stabilisation Fund (IRSF), with the balance on the IRSF being transferred to the HSF by provision of section 12 of the Act.

The first part in this series of blog entries discussed the purpose of the HSF, what the fund comprises of, when the government is obliged to add to the fund, when the government is allowed by law to utilise the fund, whether a minimum balance must be retained on the fund, and who manages the fund on behalf of the citizens of Trinidad and Tobago. The first blog entry in this series may be found at the following link: http://firstlinesecurities.com/the-heritage-and-stabilisation-fund-101-part-one/ Read more…

The Heritage and Stabilisation Fund 101 – Part One

21 April 2016

Introduction

In the first of a three-part series we take a look at the Heritage and Stabilisation Fund of the Republic of Trinidad and Tobago.160418 HSF 101 - Image 1

The Heritage and Stabilisation Fund (HSF) was created by Act number 6 of 2007 and received Presidential Assen
t on the 15th March 2007. The HSF is a successor fund to the Interim Revenue Stabilisation Fund (IRSF), with the balance on the IRSF being transferred to the HSF by provision of section 12 of the Act. Read more…

In T&T: Budget of deception

8 October 2012

Strong words, as concerns on Heritage and Stabilisation Fund (among other items) are expressed.

ENERGY expert Gregory McGuire has warned that the country is living beyond its means and will face disaster should oil prices plummet for an extended period. Read more…