By Randy Bennett
Government cannot afford to give public servants in Barbados a salary increase exceeding 10 per cent.
That is the view of former Head of the Department of Economics at the Cave Hill Campus, Professor Emeritus Michael Howard. He believes such a substantial increase would be detrimental to the country’s economy.
Instead, Howard suggested that a five per cent salary hike
The tourism sector continued to lead a very strong economic recovery last year, resulting in growth of 10 per cent.
This has resulted in an expansion of Barbados’ gross domestic product (GDP) to just over $11.35 billion, the Central Bank of Barbados reported on Wednesday.
At the same time, the unemployment rate up to the end of September 2022 was estimated to
By Marlon Madden
Barbados’ fuel import bill almost doubled to a whopping $1.122 billion last year, according to the latest Central Bank estimates.
At the same time, the food import bill rose by more than $160 million and Central Bank Governor Cleviston Haynes predicted it would remain high for some time to come.
The fuel import bill for 2022 was up from a
By Marlon Madden
With the uncertainty surrounding the continuation of the compact between the Government and the private sector to cap mark-ups on some products, Governor of the Central Bank Cleviston Haynes is warning that some tough decisions will have to be made.
While the price-easing measures for consumers come to an official end on January 31, Haynes said a careful balancing
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