The Minister of Finance and Economic Affairs, the Honourable Christopher Sinckler delivered the much anticipated Government’s Financial Statement and Budgetary Proposals on Tuesday, August 16, 2016. The following are extracts of the Minister’s presentation. The Minister declared that two key realities have emerged:

• The Barbados economy has finally started to turn around with growth resuming, unemployment declining, and potential investment expanding.
• While some setbacks have occurred in our fiscal consolidation processes it cannot be denied that the economy has made significant progress from the worst positions we were in.

View/download KPMG's assessment of the 2016 Barbados tax budget.