Business
Barbados economy showing signs of growth – Finance Minister
“The fiscal adjustment program has already shown success in attaining the preeminent objective of protecting the Barbados dollar and stabilizing the foreign exchange market,” he said, adding “that is an empirical fact.
“The value of the dollar has been protected by the measures that contain spending in line with foreign exchange availability. The fiscal measures today have achieved that most important objective to reduce the demand for foreign exchange in line with our ability to supply,” Sinckler said.
Government’s total expenditure for the financial year 2015-2016 is expected to be within the vicinity of BD$4.3 billion (US$2.15 billion) with BD$3.02 billion (US$1.51 billion) going towards current expenditure while BD$1.2 billion (US$600 million) represents capital expenditure and amortization.-(CMC)
