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EX-PM warns of printing way to destruction


EX-PM warns of printing way to destruction

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FORMER PRIME MINISTER Owen Arthur has flagged the large-scale printing of money by the Central Bank, saying if left unchecked it will be impossible to maintain the value of the Barbados dollar and will lead to “certain destruction”.

At the same time, he is warning that the answer to government’s fiscal shortfall does not lie in taxation. owen-arthur

On the contrary, he said that taxes on soft drinks, cellular phones and the like will not fill the financial gap, but rather could lead to a drop in revenue.

As he delivered the SALISES Developmental Lecture Wednesday night at the Errol Barrow Centre for Creative Imagination titled, Towards a new governance, the former Minister of Finance accused government of eroding its own tax base. (WILLCOMM)

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

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