The Catastrophe Fund is set to be repurposed into a broader National Resilience Fund, Minister in the Ministry of Finance, Ryan Straughn announced during the 2025 Financial Statement and Budgetary Proposal.
Currently, only employees and self-employed persons are eligible to contribute to the fund, at a rate of 0.1 per cent of their salaries. For example, someone earning $2,000 a month contributes just $2.
Copyright © 1997 - 2025, Nation Publishing Co. Limited • P.O. Box 1203, Fontabelle, St. Michael, BB11000, Barbados, West Indies • All Rights Reserved No unauthorized use is permitted of content produced by NationNews.com, The Nation Newspaper or any other publication or media owned by Nation Publishing Co. Limited. Unauthorized use includes framing and direct posting of content on websites other than www.nationnews.com.
