Friday, Apr 19, 2019

BPSA is hoping to see certain key areas of the economy addressed

BPSA is hoping to see certain key areas of the economy addressed
20 Mar
2019

Barbados' leading private sector agency is hoping to see certain key areas of the economy addressed in Wednesday's buget presentation.
Head of the Barbados Private Sector Association (BPSA), Edward Clarke says the main change they would like to see is a reduction in personal income taxes at all levels, as the island narrows the gap between income and corporation taxes.

In addition, the BPSA head says there needs to be some additional relief at the lower end of the income scale.

He notes if this is done the revenue must be made up by government, so there may need to be some offset by increases in other consumption-type taxes.

Mr. Clarke is, however, quick to point out that with a primary surplus target of six per cent, there really isn't a lot of room for the government to give back much at this time.

He says the budget must be one that will meet the targets agreed to with the International Monetary Fund and it must ensure that the island can get there by the end of the fiscal year .

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