Barbados: Staff Report for the 2011 Article IV Consultation
Electronic Access:
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Summary:
This 2011 Article IV Consultation highlights that the difficult global economic conditions continue to hit Barbados with growth at anemic levels. The current account deficit has widened in recent times owing to higher oil and food prices. Executive Directors commended the authorities for adopting a revised Medium-Term Fiscal Strategy aimed at generating a balanced budget. They emphasized that fiscal consolidation should focus on expenditure reduction, including lowering the wage bill, reducing transfers to public enterprises, and minimizing tax exemptions.
Series:
Country Report No. 2012/007
Subject:
Economic sectors Expenditure Government debt management Public debt Public financial management (PFM) Public sector Tourism
Frequency:
Quarterly
English
Publication Date:
January 19, 2012
ISBN/ISSN:
9781463932497/1934-7685
Stock No:
1BRBEA2012001
Pages:
67
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