The private sector has welcomed Government’s decision not to impose any new taxes in the 2023 Budget. However the sector is concerned about the lack of detail relating to several key measures intended to spur growth and improve efficiency in the public sector.Responding to the budgetary proposals presented by Prime Minister Mia Mottley on Tuesday, Chairman of the Private Sector Association (BPSA) Trisha Tannis said there was “unanimous support for the announcement of no new imposition of taxes”.“This is commendable by the Government of Barbados considering the challenges being experienced at both the domestic and corporate levels alike, the present inflationary environment, particularly against the context of the recent extension of the Social Compact,” said Tannis.“Overall, the budgetary presentation was a highly-diversified statement which must now be carefully analysed for its impact and implementation effectiveness,” she said, while pledging the BPSA’s continued col
Companies are being urged to keep their workforce engaged as one of the strategies to grow operations and remain competitive.
“A strategy less spoken of that is of significant importance is having the support of an engaged workforce,” said President of the Barbados Chamber of Commerce and Industry (BCCI) Anthony Branker as he addressed the BCCI’s first business luncheon of 2023
Although the recent Barbados Statistical Service’s (BSS) Retail Price Index shows people are paying more for food since August, Prime Minister Mia Amor Mottley believes the Social Partners Food Prices Compact has helped shield the most vulnerable. The last compact expired on January 31, but a revised one was announced last week by Minister of Foreign Affairs Kerrie Symmonds. The six-month agreement was signed on Monday at Ilaro Court by …
By Marlon Madden
Barbadians can look forward to an extended ease in supermarket prices for the next six months.
Declaring, “We understand that the consumers are having a difficult time,” Senior Minister for the Coordinating the Productive Sectors Kerrie Symmonds announced the new deal which is awaiting Cabinet’s approval to take effect.
In outlining the slightly adjusted compact in a press briefing at
By Emmanuel Joseph
Barbadian consumers should not expect any automatic price changes on items in the supermarket that were included in a special price cap arrangement with the private sector.
On Tuesday, the day the social compact was scheduled to expire, the Government and retailers continued to explore a possible extension to the deal beyond the original January 31 deadline.
The Barbados Chamber