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Medium Term Fiscal Strategy:

The Medium Term Fiscal Strategy (MTFS) 2010 to 2014 of the Government of Barbados was crafted within the context of the global, regional and domestic financial and economic circumstances affecting the Barbadian Economy. The aim of this strategy is to enable the economy to make a transition from the current fiscal situation to one that is more sustainable. The Medium Term Fiscal Strategy provides for targeted policy interventions and strategies over a five year period and will address the fiscal issues and challenges confronting Barbados. These strategies include: Expenditure, Revenue and Debt Management; Public-Private Sector Partnerships; Divestment Policy; Public Enterprise Reform; Incomes and Prices Policy and Financing and Management of the Public Sector Investment Programme. The MTFS targets putting Barbados’ public finances back on a more sustainable footing and ensuring that a balanced budget is achieved by the period 2014/15 and a small fiscal surplus by 2015/16. The coordinator of the Fiscal Strategy is Mr. Patrick McCaskie, Director, Research and Planning Unit. This document was prepared by a Special Team comprising members of The Ministry of Finance, The Ministry of Economic Affairs & the Central Bank of Barbados.

 

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Category: General News
Publish Date: Apr 15, 2010