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Budget shift

Budget shift

Minister of Culture, Sport and Youth Stephen Lashley wants a bigger slice of the Budget pie for the cultural industries and a “shift” in some of Government’s funding away from the tourism sector. Additionally, Lashley made it clear that if he had his way, the incentives offered to the tourism sector would come with stringer […]

Blame yourself, Sinckler tells the private sector

Blame yourself, Sinckler tells the private sector

Minister of Finance Chris Sinckler is essentially telling the private sector to blame itself for any confusion it had about how his recent budgetary measures – including the contentious National Social Responsibility Levy (NSRL) and two per cent tax on foreign exchange – would be implemented. Following his announcement of the belt-tightening measures at the […]

NOW: Single mothers disadvantaged by Budget

NOW: Single mothers disadvantaged by Budget

After two days of meetings with business community and a third scheduled on Friday with the trade unions, it seems Minister of Finance Chris Sinckler will now have to smooth over the harsh 2017-2018 budgetary measures with single mothers in this country. The National Organization for Women (NOW) has signalled its intention to seek a […]

Double recall

Double recall

Former Prime Minister Owen Arthur is not the only one who seems to think that Minister of Finance Chris Sinckler does not know what he is doing. Today, the Chairman of the Opposition Barbados Labour Party (BLP) George Payne issued a statement on the party’s behalf in which he echoed much of what Arthur had […]

McDowall hopeful about Budget talks with Sinckler

McDowall hopeful about Budget talks with Sinckler

Despite the war of words between the trade unions and Minister of Finance Chris Sinckler over the 2017-2018 Budget, President of the National Union of Public Workers’ (NUPW) Akanni McDowall is hopeful that Friday’s sit down with the minister would yield some positive results. Sinckler met with private sector representatives earlier this week and has […]

Worry not!

Worry not!

Minister of Finance Chris Sinckler today assured that Government is meeting its foreign debt repayments. In fact, he told journalists gathered at Government headquarters where he has been meeting all week with the private sector that a payment of more than $40 million was recently made to Credit Suisse. And with more payments due in […]

They’re parasites!

They’re parasites!

A Government Senator has described the local business community as parasites who are only bellyaching about the recently announced budgetary measures because they are unwilling to carry their share of the economic burden. The Barbados Manufacturers’ Association (BMA), the Barbados Private Sector Association (BPSA) and the Barbados Chamber of Commerce and Industry (BCCI) have all […]

Heartless Budget!

Heartless Budget!

Minister of Finance Chris Sinckler is facing more criticism over his recent Budget in which he announced a whopping 500 per cent increase in the National Social Responsibility Levy (NSRL) from two to ten per cent and imposed a two per cent tax on foreign exchange transactions, effective July 1. Management consultant Sandra Husbands, who […]

All eyes on the Budget

It was Budget week in Barbados. Many business people and members of the public were hoping for a package that would provide some tax ease, but Minister of Finance Chris Sinckler had other plans. Come July 1, he announced in Parliament, the National Social Responsibility Levy (NSRL) will move up significantly – from two per cent […]

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