IN LIGHT of what it calls a “failed” Medium Term Fiscal Strategy, the Institute of Chartered Accountants of Barbados (ICAB) is devising an alternative set of measures it hopes to present to Government before the delivery of the national budget.
Word of this came yesterday from president David Simpson and chairman of ICAB’s public sector committee, William Layne, who said that body continued to be concerned about the island’s economic and financial situation.
During a Press conference at ICAB’s Hastings, Christ Church office, Simpson said the most recent report from the Central Bank of Barbados suggested that a new strategy was needed.
“We’ve actually approved a committee to sit and to develop a proposed medium term strategy for the country which we will then seek to share with the Ministry of Finance,” he said.
That committee will include Layne, who is a former permanent secretary in the Ministry of Finance, and it is expected to hand its recommendations over to Government within three months.
