Barbados opposition leader says more hardship ahead …as new taxes announced.
Opposition Leader Mia Mottley warned Barbadians they can expect more taxes to be imposed during the coming fiscal year as a result of the revenue-raising measures announced by the Finance Minister.
Editor’s Note: The Barbados dollar is FIXED at US$1 = BDS$2.. The eight Organization of Eastern Caribbean States (OECS) states have a fixed rate US$1= $2.66 EC$. Jamaica, Trinidad and Guyana have floating currencies.
BRIDGETOWN, Barbados, Tuesday March 18, 2014, CMC – The Barbados government says it intends to sell off some assets as it moves to reduce the fiscal deficit by March next year.
Finance Minister Chris Sinckler presenting the Appropriations Bill in the House of Assembly on Monday announced a raft of new tax measures, including an increase in gasoline prices and the sale of the Barbados National Terminal Limited to help ease the financial burden facing the Freundel Stuart government.