President of the Barbados Private Sector Association, Charles Herbert, is “excited” about the possibilities for economic recovery that Prime Minister Mia Mottley’s Mini-Budget offers.
“I am very happy that this is the first phase in our recovery plan. We do realise it is only phase one and that there are major items still to be addressed,” Herbert said yesterday, following the Prime Minister’s presentation of the Ministerial Statement.
“We feel this is an excellent phase,” after hearing the details of the initial steps.
The leader of the private sector said he, like other Barbadians, was “very impressed” with the Prime Minister’s speed of making decisions and taking action and the level of involvement that she has given to the Social Partnership.
Herbert gave credit to Mottley for the rapport she has established with the Social Partnership, saying: “She really has made partners out of the Social Partnership in a way that has not been done for many years. I think it augurs well and we are excited about the possibilities.”
Herbert said while he understood Barbadians would all have to pay extra, he believed the Prime Minister’s measures would take the economy in the right direction.
He also saw the measures outlined putting a net amount of positive money in the pockets of Barbadians, as he observed “a lot of the taxation has been transferred, in particular, to tourists”. (GC)
