Barbados : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

May 10, 1995

Summary:

This report reviews economic developments in Barbados during the 1990s. To stem the economic decline, in April 1991, the government tightened fiscal policy. Measures were announced to cut the central government overall deficit from 7.3 percent of GDP in 1990/91 to about 3 percent of GDP in 1991/92, including increases in taxation and fees and cutbacks in current and capital expenditure. However, the measures were insufficient, especially since they were not supported by a tightening of other policies, and economic performance continued to deteriorate in the first half of 1991/92.

Series:

Country Report No. 95/32

Subject(s):

Notes:

This report on recent economic developments in Barbados was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

English

Publication Date:

May 10, 1995

ISBN/ISSN:

9781451805932/1934-7685

Stock No:

1BRBEA0011995

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

132

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