Bridgetown.
The Government of Barbados is finding it difficult to meet its fiscal targets despite an increased in value added tax and restriant in discretional spending.
This was revealed yesterday by the Central Bank of Barbados in its six month economic review. According to the review, business profitability in Barbados had not yet recovered and corporate ta receipts had fallen short of expectations.
The report also estimated that the country's fiscal deficit at 8.7 of gross domestic product compared with 8.9 percent in the previous fiscal year.
