Stay updated with breaking news from கேமர் ஸ்டூவர்ட். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Economist weighs in on economic report - Barbados Today barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
Stuart predicts big water management changes barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
Borrowing not to blame – minister Article by May 7, 2021 Barbados’ current high debt level is not as a result of borrowing, says Minister in the Ministry of Economic Affairs and Investment Marsha Caddle. In fact, the economist pointed out that Government’s borrowing only accounted for about five per cent of the current debt stock, which stands at around 152.5 per cent of gross domestic product (GDP). Her comments came on the heels of growing concerns from political pundits and private sector officials over Government’s borrowing over the past year, which equated to just over $540 million. In his recent economic review, Governor of the Central Bank Cleviston Haynes pointed out that at the end of March this year, the public debt stock outstanding was equivalent to $12.92 billion, compared to $12.38 billion or 117 per cent of GDP at the end of the previous fiscal year. ....
Stuart warns against another lockdown Article by May 5, 2021 With the continued decline in government revenue and public debt continuing to soar, a private sector economist on Tuesday added his voice to growing calls for the Mia Mottley administration to avoid any further coronavirus lockdowns. Kemar Stuart, Director of Business Development, Finance and Investment at Stuart & Perkins Caribbean, made the suggestion in the wake of the latest Central Bank of Barbados economic review, in which Governor Cleviston Haynes also warned that the already fragile economy was unable to withstand such a disruption as another national lockdown. In his first-quarter review, Haynes said the economy declined some 19.8 per cent, the international reserves decreased by $86 million, government revenue fell and spending climbed. ....
Another economist urges that Barbados shift from tourism
BRIDGETOWN, Barbados The main task ahead for the Barbados economy is for government to build out other sectors rather than continuing to focus heavily on tourism, an economist has suggested. But Kemar Stuart maintains doubt that the Mia Mottley administration would take the required policy direction necessary to drive the economy in the short-to-medium term as it continues to focus on managing the COVID-19 pandemic. He was reacting to the latest Central Bank report, which recorded a cataclysmic 90 per cent fall in long-stay visitor arrivals over the last three quarters of 2020, reducing arrivals by 71 per cent over the course of the year. ....