THE BARBADOS ECONOMY is “nowhere near out of the woods”, but it’s making slow and steady progress.
Minister of Finance Chris Sinckler had this word of caution yesterday for people looking ahead to Monday’s start of the annual debate of the Government’s Estimates of Revenue and Expenditure.
While various sectors of the economy were showing signs of revival and even “turning the corner”, “we are nowhere near out of the woods”, he said during a media conference on European Union aid for Barbados at Government Headquarters.
On the positive side, he said the Government had been able to reduce its deficit “in a single fiscal year by over four and a half per cent of gross domestic product” (GDP). (TY)
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