Changes To Plastic Ban Announced

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The pleas of vendors and retailers for an extension to the deadline for the ban of single use petro-based plastics in Barbados have been answered. Minister of Maritime Affairs and the Blue Economy, Kirk Humphrey, on Thursday night announced that vendors and retailers will now have until July 1, to use their existing stock, while the ban on the importation …

Prime Minister Announces Budget Day Is March 20

Sharon Austin Top Stories

Budget day in Barbados is Wednesday, March 20 and Prime Minister Mia Amor Mottley will deliver the annual budgetary proposals at 3:30 p.m., in Parliament. Ms. Mottley made the announcement on Monday evening as she delivered the keynote address at the commissioning of a steam locomotive at St. Nicholas Abbey’s Heritage Railway. She said this would be the first time …

Delay In Tax On Online Transactions

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Government will delay the introduction of value added tax on online transactions by two months. This disclosure came today from acting Minister of Finance, Ryan Straughn, who explained that Government was in the process of bringing legislation that would allow the Barbados Revenue Authority (BRA) to delegate authority to a third party for the collection of taxes online. “That legislation …

Mini Budgetary Proposal & Financial Statement

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The Mini Budgetary Proposal and Financial Statement – All Aboard – For Love of Country – delivered by Prime Minister and Minister of Finance, Economic Affairs and Investment, Mia Amor Mottley, Q.C., M.P. on Monday, June 11, 2018.  Mr. Speaker Sir, I stand before you….18 days since the good people of Barbados went to the polls and elected my party, the Barbados …

BSRP Initiatives Being Rolled Out

Sharon Austin Top Stories

Government is pushing ahead with rolling out initiatives in the Barbados Sustainable Recovery Plan (BSRP) 2018, in an effort to return this country’s economy to investment grade in an economically, socially and environmentally sustainable manner. This disclosure has come from the Director of Research and Planning Unit in the Economic Affairs Division, Patrick McCaskie, who said the Social Partnership Oversight …

Cabinet Approves Sustainable Recovery Plan

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Cabinet has approved the Barbados Sustainable Recovery Plan, which is expected to be laid in Parliament shortly. This disclosure has come from Minister of Finance and Economic Affairs, Christopher Sinckler, who said there were just one or two consultative things that had to be done with the Social Partnership. He added, however, that there was general buy-in and sign off …

Barbados’ Recovery Plan Will Be Practical

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The Barbados Sustainable Recovery Plan 2017 will be “bold, practical and implementable”. This disclosure came today from Minister of Finance, Christopher Sinckler, after he chaired a near four-hour meeting at the Grande Salle, Tom Adams Financial Centre, to discuss the draft plan which is currently being developed. Mr. Sinckler told the Barbados Government Information Service: “A number of the suggestions …

Discussions On Programme Begin

Sharon Austin Ministry News

Government, labour and the private sector have started discussions on the development of a comprehensive National Economic and Social Development Restructuring and Enhancement Programme (NESDREP), which was announced in the 2017 Financial Statement and Budgetary Proposals. This disclosure has come from Director of Finance and Economic Affairs, Dr. Louis Woodroffe, who said the recent meeting was held with the view …

Sinckler To Hear Budgetary Concerns

Sharon Austin Top Stories

Minister of Finance, Christopher Sinckler, will meet with a number of organisations over the next two days to discuss concerns relating to the recently announced budgetary proposals. Mr. Sinckler will meet with members of the Barbados Chamber of Commerce and the Barbados Private Sector Association on Tuesday, June 20, and later in the day he will hear from the Barbados …