THE BARBADOS LABOUR PARTY (BLP) says it has been in possession of a Central Bank board paper since 2011, showing the Government was having severe difficulty in financing its fiscal deficit.
Clyde Mascoll, the BLP economic adviser, referenced a section of the paper labelled Fiscal Environment during a news conference with Opposition Leader Mia Mottley yesterday.
It said: “For the first five months of the fiscal year (2011-2012), the fiscal outturn has improved as on-budget expenditure fell by some $84 million and revenue rose by close to $105 million when compared to the corresponding period of 2010. Despite these gains, Government has been unable to make some payments on schedule.” (MB)
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