Senate approves $57B NHT drawdown for budget support
Politics
Finance
Legal
June 6, 2026
Share this article
Click to view full size
Need the bigger picture?
The Senate yesterday approved the amendments to the National Housing Trust (NHT) Act paving the way for the Government to withdraw $11.4 billion annually from the NHT over the next five years to support the Budget.
The Government used its majority in the Senate to pass the proposed statute with 10 votes in favour, while the eight Opposition members voted against it. Two lawmakers were absent.
Pointing to the impact of the COVID-19 pandemic on Jamaica’s economy and the current unstable geopolitical climate, government Senator Keith Duncan said the decision is a pragmatic one, arguing that the NHT is finally stable enough to absorb the withdrawals.
Politics
Finance
Legal
Share this article
Comments (0)
Download our mobile app
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
