The Honourable Christopher Sinckler, Minister of Finance and Economic Affairs, delivered the Financial Statements and Budgetary Proposals of the Government of Barbados on Tuesday, June 26, 2012.
The Minister highlighted the approach adopted to managing the economy in recessionary times and specified the additional policy interventions required, to assist the country in achieving its main objectives of maintaining stability in the economy by managing the foreign exchange function; meeting the revenue and expenditure targets set out in the Medium Term Fiscal Strategy (“MTFS”); raising the level of investment in traditional and new economic sectors to grow the economy at a faster rate; continuing the programme for national economic restructuring in strategic areas; while protecting the most vulnerable in the society from the worst effects of the economic challenges faced.