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‘Working’ on deficit


‘Working’ on deficit

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The bitter medicine Barbadians are anticipating as Government moves to make a $174.6 million fiscal adjustment by the end of March could be dispensed next week.

Central Bank Governor Dr DeLisle Worrell gave notice of this yesterday.

“Some of the fiscal adjustment has already been achieved. There is other adjustment that will take place as a result of measures that are already in place and that will bring the deficit down in the second half of the fiscal year.

“But there is also another two per cent or so of GDP that still has to be found in terms of further adjustments and I believe that the Minister of Finance is going to address that next week,” he said, while addressing a Barbados Association of Professional Engineers luncheon at Savannah Hotel, Hastings, Christ Church.

Please read the full story in today’s Midweek Nation, or in the eNATION edition.