Barbados: Recent Economic Developments

International Monetary Fund

No 1995/032, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; private sector; income tax; balance of payments; central bank; foreign exchange; incomes policy; real GDP; tax rate; profit sharing; trade policy; Income; Wages; Agricultural commodities; Consumption taxes; Income and capital gains taxes; Caribbean; North America (search for similar items in EconPapers)
Pages: 132
Date: 1995-05-10
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=506 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1995/032

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().