Barbados
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August 14, 2013702
Mottley blasts Sinckler’s Budget
BRIDGETOWN, Barbados, Nation News – A THROW-YOUR-HANDS-up-in-the-air Budget! That was how Opposition Leader Mia Mottley described yesterday’s Financial Statement and Budgetary Proposals delivered by Minister of Finance Chris Sinckler. “It is a cut-and-paste Budget with no clear concept as to where we are going or what we will achieve. Bajans will feel pain but, unlike the past, you will not know…
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August 14, 2013663
Tough cuts
BRIDGETOWN, Barbados, Nation News – BARBADIANS WILL BE FORCED TO ENDURE 19 months of pain, restraint, public sector hiring freezes and possible job cuts. These measures will be instituted while Government tries to spur the key foreign exchange-earning sectors with incentives for growth to turn around the struggling economy. Burdened by nearly six years of little to no growth in…
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August 14, 2013745
No more ‘free’ university education
BRIDGETOWN, Barbados, Guardian – THERE has been a major shift in financing the education of Barbadians attending the University of the West Indies (UWI). Finance and Economic Affairs Minister, Christopher Sinckler, made the announcement yesterday that from September next year Barbadians will be called on to pay tuition fees at the UWI. Delivering his Budgetary proposals against the background of…
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August 14, 2013650
Freeze in hiring
BRIDGETOWN, Barbados, Guardian – FINANCE and Economic Affairs Minister, Christopher Sinckler, has announced a freeze in hiring within the public service. There will be a “total freeze on all new hiring in the central public service and across all statutory entities”. This was the word coming from the Minister as he presented his Budget and Financial Measures in the House…
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August 14, 2013654
New strategic plan for 2013-2020
BRIDGETOWN, Barbados, Guardian – The reality is clear and the future yet grim. Minister of Finance and Economic Affairs, Christopher Sinckler, has said that the Government’s approach to the new Growth and Development Strategy (BGDS) 2013- 2020 will be more aggressive than its predecessor, the Medium-Term Fiscal Strategy. In outlining its recommendations in the House of Assembly yesterday, where he…
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August 14, 2013675
Rescue mission
BRIDGETOWN, Barbados, Guardian – FINANCE and Economic Affairs Minister, Christopher Sinckler yesterday announced a 19-month rescue mission for the Barbados economy that he said would see a lower fiscal deficit and improved activity. In what amounted to some very tough actions to deal with a ballooning deficit and a declining economy, the Minister used his fourth Budget to announce a…
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August 14, 2013661
Move to eliminate or merge specific government entities
BRIDGETOWN, Barbados, Guardian – Eighteen government entities are in line for a merger or elimination was the implication made by the Minister of Finance and Economic Affairs, Christopher Sinckler as he outlined the 2013 budgetary proposals. The Minister of Finance pulled together a team of senior officials in the ministry to conduct a preliminary assessment of a list of statutory…
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August 14, 2013652
Economic medication
BRIDGETOWN, Barbados, CMC – Barbados faced with a decline in revenue Tuesday announced new measures to revive an ailing economy with Finance Minister Chris Sinckler announcing new tax measures while acknowledging that the government's macro–economic programme is off track and must be brought in line. Sinckler, delivering his first national budget since the Freundel Stuart administration won the last general…
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August 14, 2013688
Intervene on what grounds
BRIDGETOWN, Barbados, CMC – St. Vincent and the Grenadines Prime Minister, Dr. Ralph Gonsalves is questioning on what grounds the Caribbean Community (CARICOM) or even the Commonwealth can intervene in the political situation in St. Kitts-Nevis. Opposition legislators have accused regional governments of remaining silent on the political stalemate in the twin-island Federation occasioned by the refusal to date of…
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August 13, 2013636
Tax advice for SMEs
BRIDGETOWN, Barbados, Nation News – This bit of advice was issued to small and medium sized enterprise owners last Thursday by Dalton Medford, president of the Small Business Association (SBA), as he gave comments at the Entrepreneurship Training Programme graduation ceremony at the Savannah Beach Hotel. He advised the more than 200 entrepreneurs gathered that the payment of taxes should…
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