Government needs to reduce the amount of foreign borrowing it is now doing and focus on generating more revenue at home.
Leader of the Opposition Bishop Joseph Atherley said this was necessary, especially in the context of funding Barbados needed to undertake infrastructural development.
He was speaking yesterday as the House of Assembly debated the Customs Bill 2021, which, among other things, is seeking to make the Customs Department more efficient.
“We have to improve revenue generation; we have to improve revenue collection because we want to change the dynamics in the domestic economic space. Not every piece of infrastructural development capital works has to be necessarily funded by foreign dollars,” Atherley said. (SC)
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