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Although insisting that the Central Bank has not surpassed its legal limits of financing the Government through “printing money”, regional economist Marla Dukharan has advised the Mia Mottley administration to put “urgent emphasis” on reigning in its deficit.Amid public discourse about whether the Central Bank was printing money, Dukharan stressed that was one of the roles of that institution, and all indicators pointed to it being done within the parameters of the Central Bank Act.“The problem arises when the Central Bank prints money in excess to finance the Government and/or where...

Frustrated with the state of the country’s fragile social security system, Barbadians are demanding tighter scrutiny over investments made by the National Insurance Scheme (NIS), and stiffer penalties for employers and self-employed persons who fail to honour their commitments.This was the consensus Monday evening at a town hall meeting at the Combermere School where the NIS’ top brass took suggestions from the general public as the organisation faces a potential crisis. “I think that what we have to do now is to try to encourage people, without threatening them, to file and pay Nationa...

People who currently contribute to the National Insurance Scheme (NIS) could be affected by its impending reform.That is the view of Dean of the Faculty of Social Sciences at the University of the West Indies, Cave Hill Campus, Professor Justin Robison.He told Barbados TODAY that while the National Insurance Fund is not in crisis now, Barbadians who presently contribute to the NIS could possibly still feel the impacts of any reform.On Wednesday, during a national press conference, it was revealed by NIS actuary Derek Osborne that unless decisive action was taken immediately, the National Insur...

The rising cost of fuel in Barbados has prompted the National Union of Public Workers (NUPW) to call for a hike in allowances for public servants.Noting that allowances have not moved in over a decade, the union’s general secretary Richard Green and president Kimberly Agard argued that with gas prices here being among the highest in the world, it was necessary for travel benefits to be adjusted upwards.Their call came on the heels of another price hike that took effect on Sunday which saw the cost of gasoline rising to $4.83 per litre, an increase of 11 cents, and diesel increasing to $4.28 ...

Some of the island’s top performers in the Barbados Secondary School Entrance Examination (BSSEE) were successful in passing for their school of choice despite the challenges associated with online learning.Top boy overall Azario Gooding who hails from St George Primary, said he knew he was always going to do well but did not expect this level of success.On Tuesday, when Gooding, who was accompanied by his parents, collected his examination results slip he told reporters: “I am a little bit surprised. I didn’t expect to be top boy but I expected to be in the top 15.”When asked about le...