Government will ruin its chance to rein in the fiscal deficit between now and the end of March if it doesn’t keep supplementaries in check.
Central Bank Governor Dr DeLisle Worrell issued this warning yesterday, while also asserting that “the Medium- Term Growth and Adjustment Strategy is being brought back on track”.
Reviewing the economy’s performance up to the end of last month, Worrell said after achieving a $181.2 million adjustment between April and last month, Government had a further $212.8 million to cut by the time its financial year ended on March 31.
But the veteran economist said this was all predicated on the Freundel Stuart administration seeking no more than $65 million in supplementary financing.
Please read the full story in today’s Midweek Nation, or in the eNATION edition.
