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2010 Financial and Budgetary Statement:

Minister of Finance and Economic Affairs the Hon. Chris Sinckler, MP issued the 2010 Financial and Budgetary Statement, which introduced a number of fiscal and other measures to assist the Barbadian economy in this challenging economic climate and place it on a road to recovery. These measures included, among others: the provision of funds for additional marketing support for the Barbados Tourism Authority; the establishment of a Tourism Loan Guarantee Facility to provide guarantees to hotels; the increase in non-contributory pensions; the removal of the environmental levy on imports; and an increase in the Value Added tax.

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Category: General News
Publish Date: Nov 24, 2010