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Key Points: Budget 2026-27

Sherrylyn Clarke
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Key Points: Budget 2026-27

Key Points of the 2026-27 Budgetary Proposals and Financial Statement as delivered by Minister of Finance Ryan Straughn on March 16, 2026.

  • This is the first Budget being presented by this Government while not in an IMF programme. Barbados has regained control of its economic future. The country is on a stronger economic footing.
  • Barbados remains in a stand-by arrangement with the IMF.
  • Debt to GDP ratio was at 99.8% at October 2025; at January 2026 now 93.3%.
  • Barbados is now off everybody’s lists – it meets international standards for transparency and financial regulation.
  • Adjustments were made to Budget to respond to current global challenges – for example, corporation tax assumptions reduced by $200 million.
  • Unemployment rate at all-time low of 6.1% at end of December 2025.
  • Central Bank expected to report next month 19th consecutive quarters of growth.
  • $728.5 million spent in fuel imported last year.
  • In past two weeks Brent crude has risen from US$64 per barrel to just under US$106.
  • Over next 3 months, hedge for Bajans with oil price locked in at US$92 per barrel – 80 000 barrels per month.
  • From April 1, Government will absorb 50% of increase in Fuel Clause Adjustment for next 3 months. It will cost Government $7.9 million.
  • Government cutting VAT and excise tax caps on fuel. From April 1, cumulative reduction of 15 cents per litre at the pump.
  • They are not permanent but to deal with the current crisis.
  • To businesses: Identify your energy wastage and fix it.
  • During COVID-19 in 2020, country imported $519m in fuel. Last year it imported $728.5m.
    • From April 1 to March 31, 2027:
  • To extend Excise and CAT holiday on electric vehicles
  • Cost of replacement batteries for electric and hybrid vehicles will be eligible for the five-year personal income tax deduction
    • Shipping bunker surcharges:
  • For 20-foot containers – from US$200 per container to US$700
  • For 40-foot containers – from US$400 per container to US$1400
  • From April 1, Customs and Excise Department to cap value of 20-foot container at US$3000 and US$6000 for 40-foot container.
  • Reverse tax credit to increase from $1300 to $1700 from April 1 for those earning up to $25000 per year.
  • Eligibility threshold to increase to $35000 and those beneficiaries will receive $750 in reverse tax credit.
  • Two dedicated Gun Courts coming – one dealing with offences committed in the last year and the other with the backlog of cases.
  • All purchases of GPS and dashcams systems for vehicles to be duty- and VAT-free on importation to Barbados for one year.
  • Customs duties and VAT to be removed for one year from importation of CCTV/security systems.
    • Goods imported for personal use through registered couriers:
  • • Tax-free amount raised from $60 to $150
  • • From $150.01 to $199.99, duty-free and only VAT payable
  • • Anything over $200 in value, Customs duty and VAT apply
  • Excludes items like alcohol, cannabis products, cigars and cigarettes
  • A $500 fine for false declarations or under-invoicing
  • Government announced the launch of the Green Industrial Gateway Advantage (GIGA) – to create thousands of new, high-value jobs.
  • This is projected to raise the country’s foreign earnings from US$700m to between US$4-6 billion annually within a decade.
    • Multi-birth cash grant:
  • • $300 per month for twins (up to age five)
  • • $600 per month for triplets and more (up to age five)
    • Barbados Republic Child Wealth Fund
  • • $5000 in trust per child born after November 30, 2021.
  • • The just-concluded Estimates have set aside $52.1m to cover current amounts. It is estimated to cost $10m-$12m per year going forward

DLP General Council suspends Steve Blackett

Sherrylyn Clarke
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DLP General Council suspends Steve Blackett

The General Council of the Democratic Labour Party (DLP) tonight voted unanimously to suspend general secretary Steve Blackett.

The announcement was made by assistant general secretary, Pedro Shepherd, whose elevation to fill the post, was also confirmed at the same meeting.

In a statement issued from the George Street, St Michael headquarters, Shepherd said the General Council “unanimously moved and adopted a motion to refer complaints regarding the general secretary Mr Steve Blackett to the Disciplinary Committee of the party. Mr Blackett has been suspended from his office of General Secretary, pending the conclusion of the investigation”.

A call to political leader, Ralph Thorne, who is also Opposition Leader, was unanswered. 

On April 21, Blackett moved a motion of no-confidence in Thorne and one of confidence in president Dr Ronnie Yearwood.

“This party existed and was making good way for the past six years and we did not have a political leader. This party can exist without a political leader but it can’t exist without a president, or I dare say, a general secretary,” Blackett said at the time.

“I will not stand idly by and allow Mister Ralph Anthony Thorne to continue to drag our party down. His presence here has brought nothing positive to this party. All it has brought to this party is confusion, destruction, turmoil and conflict.”

The Nation understands Blackett did not attend the meeting, while Yearwood reportedly left and it was suspended without completion of the other items on the agenda. Yearwood also did not answer a call after

Ralph Thorne crosses the floor and is new Opposition Leader

Sherrylyn Clarke
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Ralph Thorne crosses the floor and is new Opposition Leader

Government backbencher Ralph Thorne has crossed the floor to become Leader of the Opposition in a stunning move.

The Christ Church South Member of Parliament visited the President of Barbados yesterday and declared his intention in a development that comes two years after the Barbados Labour Party (BLP) was returned to office in another clean sweep of the 30 parliamentary seats.

Reacting to questions from this newspaper on the development, Prime Minister Mia Amor Mottley, who was at the helm of the BLP’s historic wins in 2018 and 2022, simply stated: “Easy come, easy go.”

She confirmed what reliable sources had told the Saturday Sun, saying that the President had written her indicating that Thorne visited her and informed her he was no longer sitting with the Government and would become the Opposition Leader. (AC)

Subscribe now to our eNATION edition for the full story.

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Rowe removed as Deputy Speaker

Sherrylyn Clarke
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Rowe removed as Deputy Speaker

Member of Parliament for St Michael North West, Neil Rowe, has been removed as Deputy Speaker.

Deputy Prime Minister and Leader of Government Business, Santia Bradshaw, moved the motion moments ago in the House of Assembly.

It was passed and he was replaced by MP for St Thomas, Cynthia Forde.

MP for St Philip North, Dr Sonia Browne, rose to query the motion, saying they had “all of 0.2 seconds to respond”.

However, Speaker Arthur Holder said the only thing up for consideration was the selection of Forde.

Rowe is before the courts, charged with rape. He has been committed to stand trial. (SAT)

IShowSpeed announces Caribbean tour, Barbados on list

Nationnews Desk
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IShowSpeed announces Caribbean tour, Barbados on list

Popular streamer IShowSpeed is set to embark on a Caribbean tour, with Barbados among the destinations on his upcoming itinerary.

The tour is scheduled to begin on April 25 and will include stops in several territories across the region, including Antigua and Barbuda, The Bahamas, Barbados, Dominica, the Dominican Republic, Grenada, Guadeloupe, Jamaica, Puerto Rico, Sint Maarten, St Kitts and Nevis, St Lucia, St Vincent and the Grenadines, Trinidad and Tobago, and the United States Virgin Islands.

The online personality, known for his energetic live streams and viral content, has previously toured Europe, South America, China, Africa and North America, building a global audience through his travel-focused videos highlighting everyday life and innovation.

His growing international appeal has also drawn attention from government officials, and during a visit to Lima, he was named honorary mayor for an hour.

The Caribbean tour follows his recent appearance at WrestleMania, where he took part in a six-man tag team match involving Logan Paul. (Complex)

Warning for tourism-dependent countries

Nationnews Desk
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Warning for tourism-dependent countries

The Director of the Western Hemisphere Department at the International Monetary Fund (IMF), Nigel Chalk, says the Washington is “very concerned that tourism-dependent Caribbean economies are likely to be the hardest hit” as a result of the ongoing conflict in the Middle East that has so far resulted in high oil prices.

“Their debt is high, their fiscal space is small, and they’re quite large net energy importers, despite investments that have been made in these countries in shifting towards renewables.

“We also don’t know what the potential impact of this war and the shifts in energy prices may have on flights and on tourism.  And so, that’s another thing that we’re keeping an eye on,” said Chalk.

Last Friday, the IMF said that Caribbean Community (CARICOM) countries will register mix economic growth over the next two years, ranging from 3.1 per cent among the tourism dependent countries of the region to 19.1 per cent among the region’s commodity exporters.

The IMF said that the region overall will register average growth of 5.7 and 8.6 per cent for the years 2026 and 2027, Caribbean tourism dependent countries will register growth of 0.9 and 2.5 per cent over the next two years.

The non-dependent tourism countries will have growth of 7.9 and 11. 3 per cent over the 2026 and 2027 period, according to the IMF projections.

Among the tourism dependent countries of the Caribbean,  Jamaica is expected to  register minus 1.2 per cent growth this year, increasing to 3.1 per  cent in 2027, the same as Grenada, which is expected to register the same percentage this year.

Antigua and Barbuda will record growth of  2.6 and 2.4 per cent over the next two years, while The Bahamas will  register growth of  2.1 per cent this year, declining to 1.9 per cent in 2027, while  Barbados growth will be 2.5 and 2.2 per cent .

Belize will register economic growth of 2.2 per cent this year, decreasing slightly to 2.1 per cent in 2027, while  Dominica’s growth of 3.1 per cent this year, will decline slightly to  2.8 the following year.

The twin island Federation of  St. Kitts and Nevis will register growth of  two per cent this year, increasing slight to 2.5 per cent the following year, while St. Lucia’s two per cent growth will  decline to 1.7 per cent next year.

St.  Vincent and the Grenadines will also register a decline in economic growth of 2.7 per cent in 2027, down from the three per cent this year.

Chalk said he believes several countries in the Caribbean have already started taking decisions to  cushion the impact of the increased oil prices.

“I think several countries in the Caribbean already have mechanisms in place that smooth energy price increases so that not all of that energy price increase is passed through immediately,” he said, adding “that can buy a little bit of time in terms of how that feeds into the economy.

“But what we don’t want is for countries to permanently increase subsidies to energy.  Those subsidies are untargeted; they benefit the rich more than they benefit the poor.  And in the current environment, you can start that process, maybe with oil prices atUS$90, but you don’t know what oil prices will be three months from now.

“So, the size of the subsidies you may be creating over time could be quite large and quite unpredictable. So, we think trying to let the market mechanism work, that will allow individuals and firms to make decisions to reduce their demand for energy, and that in turn will put less pressure on the economy as we let the market system work.”

Chalk said that in terms of the migration to the US, the IMF does not see a downturn in the region.

“ We actually feel this region is quite aside, particularly aside from the Caribbean.  But the region more broadly is quite well placed with decent fundamentals and some space, some fiscal space.  So, we don’t see an economic downturn in our forecasts.

“We don’t think that’s going to precipitate a large migration wave.  There are important issues related to migration for particular countries.  We can think of Venezuela and Haiti, but I don’t think that sort of a sudden push of migration flowing northwards seems likely at this point,” he added. (CMC)

BHTA expresses alarm over rising gun violence, warns of impact on tourism

Nationnews Desk
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BHTA expresses alarm over rising gun violence, warns of impact on tourism

The Barbados Hotel and Tourism Association (BHTA) has voiced deep concern over the recent spate of gun violence across the island, including the fatal shooting in Thunder Bay, St James, and other incidents reported in communities from St Lucy to Christ Church.

Chairman Javon Griffith said the frequency of such incidents is beginning to feel like a “regular weekend occurrence,” warning that this trend poses serious implications for public safety and Barbados’ international reputation.

Below is the full statement:

The BHTA is deeply disturbed and profoundly saddened by the continued acts of senseless gun violence being witnessed across our island, including the latest tragic incident in Thunder Bay, St James, as well as other troubling occurrences spanning communities from St. Lucy to Christ Church.


What is perhaps most alarming is that these violent episodes are now beginning to feel like a regular weekend occurrence in Barbados. That is a reality which should concern every Barbadian, every visitor, and every stakeholder with an interest in the safety, stability and reputation of this country.


Barbados has long distinguished itself as a peaceful, welcoming and civilised destination. Our tourism industry and indeed our wider national economy, depends heavily on that reputation. Visitors choose Barbados not only for its beauty, hospitality and culture, but also because they believe they are travelling to a destination that is safe, orderly and well-managed. If this growing pattern of gun violence is not confronted expeditiously, decisively and effectively, it has the potential to erode confidence in our destination and place the future strength of our tourism industry at serious risk.


The BHTA therefore condemns, in the strongest possible terms, these acts of violence and extends heartfelt condolences to the families and loved ones of those who have lost their lives, as well as all those communities traumatised by these incidents.


We acknowledge the work of the Barbados Police Service and all law enforcement personnel, but it is evident that a broader, more urgent and more coordinated national response is now required. This is not solely a policing matter. It is a societal issue that calls for leadership, enforcement, intervention, community engagement and sustained action at every level.


Barbados cannot afford to normalise gun violence. We cannot allow fear, lawlessness and indiscipline to gain further ground in our communities. Nor can we sit idly by while the image and integrity of our island are placed under increasing threat.

The time for decisive action is now. We urge the relevant authorities and all national stakeholders to treat this matter with the urgency it demands. The safety of our people must come first, and the protection of Barbados’ reputation as a safe and desirable destination must remain a national priority.

Update: Three men identified in fatal shooting at Thunder Bay

Nationnews Desk
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Update: Three men identified in fatal shooting at Thunder Bay

Three men have been identified following a fatal shooting at Thunder Bay, Lower Carlton, St James on Sunday night which left three people dead and another injured.

The deceased are Jamar Leron Edwards, 34 years, of 4th Avenue, Lower Carlton, St James; Lyle Anderson Robinson, 33 years, of 1st Avenue, Lower Carlton, St James; and Jamar Kareem Ramsay, 33 years, of Brownes Gap, Sargeants Village, Christ Church.

Police said the incident occurred around 8:42 p.m. when gunshots were reported in the area. Investigations indicate that a number of persons were gathered on the beach near a business establishment when three men exited a silver-coloured vehicle and opened fire, striking four males.

One man was pronounced dead at the scene by a medical doctor, while three others were transported by private vehicles for urgent medical attention. Two of those injured later succumbed to their injuries.

Investigations are ongoing.

Police are appealing to anyone with information to contact Crime Stoppers at 1-800-8477, Police Emergency at 211, or the Holetown Police Station at 419-1700.

Kaiso folk happy Pic O De Crop returning to Kensington

Nationnews Desk
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Kaiso folk happy Pic O De Crop returning to Kensington

News of the Pic-O-De-Crop Finals returning to Kensington Oval after three years is hitting the right notes among some members of the calypso fraternity.

Not only that, the return of the Party Monarch and Sweet Soca competitions as well as Cohobblopot, as announced at Saturday’s launch of the 2026 Crop Over Festival at Hilton Barbados, has also evoked a positive response.

The festival’s events calendar on the National Cultural Foundation’s (NCF) Facebook page schedules the premier contest for the Oval and not the National Botanical Gardens in Waterford, St Michael, as was done from 2023 to last year.

New president of the Barbados Association of Creatives and Artistes Barry Knight said “returning to the Oval “brings a sense of familiarity that artistes need”.

“It restores comfort, removes past uncertainties and creates the right environment for performers to thrive, bringing out the very best in every contestant.

“As it relates to the Party Monarch and Soca Monarch competitions, our members warmly welcome their return to Crop Over 2026.

“For years, our artistes have called for its revival, and this announcement is both timely and encouraging. It represents opportunity, visibility and renewed investment in our local talent. We look forward to working with all stakeholders to ensure the competition’s return truly benefits the creatives it was built to showcase,” Knight added.

Four-time Pic O De Crop monarch Ian iWeb Webster, who won crowns at both venues, told the DAILY NATION the Oval should offer more comfort to the artistes and patrons.

“The facility at Kensington Oval is a lot more conducive to proper management and logistics of the event, especially if there’s bad weather. I think that people generally prefer Kensington Oval, so for me, it’s twofold.

“I am absolutely happy that the [soca competitions] are back. I understand that they were trying to get money to push behind the artistes and move away from the whole competition aspect, but I figure – and I said this in a forum – that the NCF could walk and chew gum. You could do both. You can support the artistes and you can also facilitate the competitions for those persons who may not necessarily be getting gigs or performing here or there at different events,” Webster said.

While 2015 and 2019 monarch William Classic Waithe said he was “neither for or against the move” as he always does his best, Billboard Murrell said he was looking forward to competing at the Oval after doing so in 2018.

The 2023, 2024 and 2025 Pic O De Crop finalist noted it was a “different stage, a different atmosphere and a different vibe altogether”. He added he was “especially glad for the time in between” the announcement of the finalists and the competition night, as it allowed contestants to better prepare, unlike last year when there was a shorter period that impacted him as songwriter and arranger.

Frequent finalist Ronnie De Announcer Clarke said the Oval was “a tremendous venue” and he was grateful that it would be used once more, as the facilities were “infinitely better” for calypsonians and patrons. His tent manager, Julie Sealy of Shining Stars, agreed.

“I’m not saying that anything is wrong with Botanical Gardens, but there are some challenges at Botanical Gardens, especially if it rains, so Kensington is welcomed. I guess I can speak on everybody’s behalf that we welcome the return because we have been lobbying for it for a few years now, so we are elated,” she said.

Sealy also pointed out that people experienced challenges backstage at Waterford that they did not have at the Oval.

Eleanor Rice, manager of All Stars Calypso Tent, who said she was “doubly, triply, quadrupling happy about Cohobblopot” returning, added that “people should not have a fundamental problem” with the Oval owing to the existing infrastructure.

(GBM)

Stabbing incident at Cheapside van stand

Nationnews Desk
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Stabbing incident at Cheapside van stand

Police are on the scene of a stabbing incident at the van stand near Cheapside, in Bridgetown.

Reports indicate that one man was stabbed during the incident.

More details as they become available.

Government condemns deadly violence, vows firm action

Nationnews Desk
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Government condemns deadly violence, vows firm action

The Government of Barbados has strongly condemned the latest outbreak of deadly violence in the country, pledging full support for law enforcement as investigations continue.

Minister of Legal Affairs and Criminal Justice, Michael Lashley, expressed condolences to the families of those killed and injured.

He said the escalation of gang-related retaliation and reprisal will not be tolerated, adding that national security forces will be empowered to use all lawful means necessary to restore order and protect communities.

Below is the full statement:

On behalf of the Government, I wish to express our sincere condolences to the families of those persons who passed away and deep regret to those who were injured in this recent act of senseless violence in our country.

The Barbados Police Service is actively pursuing its investigations into this matter and will continue that work with focus and urgency in order to swiftly bring those responsible to justice.

At the same time, it is clear that this apparent state of war between certain gangs of young men has spiralled completely out of control, with retaliation and reprisal now seemingly the order of the day. We will not tolerate this behaviour.

Let the word go out that, from this moment, the police and other national security forces will be empowered to use every lawful means at their disposal to bring this unacceptable situation under control and bring it to an end.

I urge every law-abiding Barbadian who loves this country to stand with the Police Service in this effort.

Roland Butcher, the cricket history-maker, honoured in England

Philip Spooner
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Roland Butcher, the cricket history-maker, honoured in England

Roland Butcher, the first black man to play cricket for England, was honoured over the weekend at a ceremony celebrating his immense contribution to the sport.

The event was Sporting Equals which brought together some of the most influential voices in sport for an unforgettable evening at its flagship Sporting Equals Awards ceremony, held on Saturday, April 18 at the Royal Lancaster Hotel in London.

Among the most prestigious honours were the Special Lifetime Achievement Awards, presented to Butcher and Maggie Alphonsi.

Both were recognised for their exceptional contributions to sport and their enduring impact in advancing equality and opportunity.

Butcher, who was born in Barbados, moved to England as a child and went on to have an outstanding cricket career for Middlesex in English County cricket where he played at Lord’s.

His first Test match was against West Indies in his hometown Barbados at Kensington Oval in 1981.

“I’m delighted and truly honoured to be nominated for a Special Lifetime Achievement Award and alongside Maggie Alphonsi. It is also great to be joining Lynford Christie, Denise Lewis, Sol Campbell and Jason Robinson, such a prestigious group who have received this special award,” he said in a statement

Now in their ninth edition, the Sporting Equals Awards recognise individuals, organisations and initiatives that are driving meaningful change and increasing opportunities for ethnically diverse communities across sport and physical activity. (PS)

Man kills seven of his children, and an eighth child, in Louisiana mass shooting

Nationnews Desk
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Man kills seven of his children, and an eighth child, in Louisiana mass shooting

A father has killed seven of his children and an unrelated child in the US city of Shreveport, Louisiana, in a mass shooting that police have called a “domestic disturbance”.

Officers said the shooting began about 05:00 (10:00 GMT) on Sunday. After attacking the children at a property, the suspect drove away in a stolen car, police said. Officers then chased and killed him.

Two adult women, including the children’s mother, are in critical condition after they, too, were hurt by gunfire.And a ninth child was taken to hospital after jumping from the roof of the home while escaping.

The suspect was identified as Shamar Elkins, Shreveport mayor’s communications director told the BBC.

“We do believe him to be the only individual that fired gunshots at these locations,” said Shreveport Police Department spokesperson Chris Bordelon in a news conference earlier on Sunday.

Officials have not yet suggested a motive on the gunman’s part.

Three boys and five girls, aged between three to 11, were shot and killed, the coroner’s office said, according to the BBC’s US partner, CBS News.

Local police had earlier said on Sunday the children ranged in age from one to 14.

Neighbours described their shock to US media. Mack London, 71, told NBC News he had lived in the area for decades and that “nothing like this has ever happened on this street”.

The attack occurred across multiple locations. The father is alleged to have first shot a woman, before moving to a second location where he fired further shots at the children.

One of the victims was able to run away to a nearby home and called the authorities, police said.

Members of the family told US media that Elkins was facing a split from his wife.

Elkins’s brother-in-law Troy Brown, told the Washington Post that he lived with the attacker, and that Elkins had been upset after his wife requested a divorce. “After the first argument about the divorce, he acted like he was losing his mind,” he told the newspaper.

Crystal Brown, a cousin of one of the wounded women, told the AP news agency that the couple were separating and had been due to appear in court on Monday.

“He murdered his children… he shot his wife,” she said.

In Sunday’s press conference, Bordelon said officers attended a home shortly before 06:00 local time and found the bodies of the children.

He said officers determined the call had been “domestic in nature”.

The suspect is alleged to have stolen the vehicle in which he attempted to flee from the attack in the Cedar Grove district of the city.

Officers followed him to another neighbourhood, Bossier Parish, where they fired at him.

The incident is the deadliest mass shooting in the US since January 2024, when eight victims were killed in Joliet, Illinois, according to the Gun Violence Archive (GVA), a nonprofit that tracks US gun violence.

GVA defines a mass shooting as an incident where four or more victims were shot, not including the suspect.

Shreveport Mayor Tom Arceneaux said it was “maybe the worst tragic situation we’ve ever had in Shreveport”.

Arceneaux went on to say: “We have hurting families, we have hurting police officers, coroners’ personnel.

“This affects the entire community, so we all mourn with these families.”

Grayson Boucher, a local councillor, said more than 30% of crimes and 30% of murders in the city were “domestic in relation”, adding: “Now that number has gone up.”

“We’ve more than doubled our homicide in the city of Shreveport because of one act of domestic violence,” he said.

Louisiana Governor Jeff Landry said he and his wife were “heartbroken over this horrific situation, and we’re praying for everyone affected”.

US House Speaker Mike Johnson, who represents Louisiana’s Fourth District, has also commented on the “heartbreaking tragedy”.

“We’re holding the victims, their families and loved ones, and our Shreveport community close in our thoughts and prayers during this incredibly difficult time,” he said. (BBC News)

Traffic disruption in Christ Church after burst main

Nationnews Desk
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Traffic disruption in Christ Church after burst main

Motorists are being advised of traffic delays at King Corner, Sayes Court, Christ Church, near the roundabout.

Reports indicate that a burst main has left large volumes of water on the road, with one vehicle reportedly dropping into a pothole.

Traffic is backed up in all directions as a result. More details as they come.

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IShowSpeed announces Caribbean tour, Barbados on list

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Warning for tourism-dependent countries

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BHTA expresses alarm over rising gun violence, warns of impact on tourism

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