04/06/2026
📑The Auditor General's Report is more than a financial document. It is one of the most important accountability tools available to citizens.
‼️The 2025 Report resulted in a Qualified Opinion, meaning the Auditor General was unable to obtain sufficient assurance over certain areas of the Government's financial statements.
💰Most striking is that $1.59 billion in public spending cannot be confirmed as legitimate and T&T's total revenue of $36.6B is in question.
🤔Why? Three sets of tax revenue records the Government keeps don't match each other - the Treasury Statement, the IRD Statement of Receipts and Disbursements, and the GenTax system reports – all produced by the Government itself.
These findings do not automatically mean fraud or wrongdoing occurred. However, they do highlight serious concerns regarding record keeping, financial management, transparency, and accountability.
👀This is Part 1 of TTTI's breakdown of the Auditor General's Report 2025. Over the coming days, we'll be unpacking what the report found about how your tax dollars are being spent - and what accountability should look like.
How does this compare to previous years? Check out our posts on the last two Auditor General Reports!👆