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 election in February, told Parliament that he is optimistic the fiscal measures will bear fruit. “With these robust fiscal measures in place we are confident that the slide in the international reserves will slow considerably and gains will be likely made towards the end of the year even as they pick up momentum in 2014 behind a stronger performance in the foreign exchange earning sectors.”
