Economy likely to lose $150 million this month
Article by February 16, 2021
Prime Minister Mia Mottley on Monday pledged to place the health of the nation over tens of millions in potential economic gains as she announced an eleven-day extension to the ongoing Coronavirus lockdown that maintains a strict 7 p.m. to 6 a.m. curfew.
Mottley however expressed confidence in the country’s ability to withstand over $150 million in projected losses over the four-week period. In fact, she disclosed details of an economic response that would ease the financial burden of businesses and individuals ravaged by the pandemic.
The difficult decisions are unfolding at a time when the country battles over 600 active COVID-19 cases.
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State enterprises still lax on financial reporting
Article by
It is a month shy of two years since the
Public Finance Management Act has been passed in Parliament, but several state agencies are yet to present up-to-date financial statements, Minister in the Ministry of Finance Ryan Straughn has told
Barbados TODAY.
But in giving an assurance that this and other objectives under the law were not lost on Government, Straughn reported that outstanding financial reporting of Government agencies will soon be presented.
Straughn said key training of accountants and other changes relating to public finances and procurement procedures should be in place by the start of the next financial year, in April 2021.