Finance Ryan News Today

By the time the March 31 deadline arrives, Government should be close to the target of $115 million via the Pandemic Contribution Levy. When it was announced in the Budget, Prime Minister Mia Amor Mottley said the Barbados Revenue Authority should collect $100 million from corporate donations and another $15 million from individuals who earn more than $6 250 monthly. “At the end of October the Pandemic Levy collected was …

Government can afford to give Barbadians the Christmas VAT Holiday. Stating this is Minister in the Ministry of Finance Ryan Straughn. He said it is "very much affordable for government to be able to sustain it." The government of Barbados

The long-awaited upgrade and expansion of the real time payment system Automated Clearing House (ACH), will roll out in two months, says Minister in the Ministry of Finance Ryan Straughn.Straughn said that Government was doing all it could to advance the island into the digital age and the introduction of this system was one of the key parts of the plan.He made this disclosure on Monday during a press conference at State House, Government Hill, St Michael.He said “In January 2019 I met with al...

The Ministry of Finance announces that Wednesday, December 21, 2022 shall be a VAT Holiday in Barbados. The objective is to provide a welcome ease for consumers who have faced 33 months of significant economic challenges due solely to the impact of the COVID-19 pandemic and more recently the effects of the war in Ukraine. At this Yuletide season, consumers will see

The decision by Fitch Ratings to assign Barbados a ‘B’ rating with a stable outlook reflects the progress being made by the Mia Mottley administration on the macroeconomic front and that the sacrifices of residents were paying off, says Minister in the Ministry of Finance Ryan Straughn.On Thursday, the New York-based financial services company said it had assigned a long-term foreign currency issuer default rating (IDR) of ‘B’ with a stable outlook. It also assigned a short-term IDR of �...

Government has set aside $47 million to pya income tax returns and reverse tax credits for the 2020 filings, so taxpayers can rest assured their monies have either been deposited already or it is on its way soon. "I'm happy to also report that in

Barbadians are being urged to be more wary of scams during the Yuletide season. The warning came yesterday from Minister in the Ministry of Finance Ryan Straughn. The economist said that in recent weeks a lot of fake news and false claims were abound in Barbados, all aimed at deceptively accessing the personal financial details of Barbadians. “The schemes are out there. You need to show restraint,” he urged citizens …

No one will know people’s personal data from any credit institution under the Fair Credit Reporting Bill, 2021, says Minister in the Ministry of Finance Ryan Straughn. He gave the assurance while introducing the measure in the House of Assembly yesterday, which sets up the framework that will allows credit institutions to have a measure of control over the creditworthiness of people seeking loans. “This process is to unlock access …

The beleaguered Four Seasons Hotel property is now owned by Government, and the Mia Amor Mottley administration is looking for an investor or buyer to get the financially plagued project off the ground. Minister in the Ministry of Finance Ryan Straughn revealed this yesterday when he was a guest caller on Starcom Network’s Down To Brass Tacks radio call-in programme. He was attempting to clear the air on what was new with …

March 9, 2021 Government is to spend $109 million in the coming financial year’s national budget to fight the COVID-19 pandemic, said Minister in the Ministry of Finance Ryan Straughn. In providing a sneak peek into the Estimates of Revenue and Expenditure for the 2021–2022 fiscal year to be laid in Parliament Tuesday, Straughn told Barbados TODAY this sum forms part of projected current spending of $3.1 billion and an overall spending budget of $3.3 billion for the next financia...