CENTRAL BANK GOVERNOR Dr Delisle Worrell and the Freundel Stuart Government are admitting the failure of the fiscal measures that started in 2009/10, says the Barbados Labour Party spokesman on economic affairs.
Dr Clyde Mascoll said he was drawing the conclusion based on what Worrell said in his January economic newsletters that Barbados had repeatedly failed to achieve the balance between its foreign exchange outflows and inflows necessary for a stable economy.
That, he said, along with the governor’s recommendation for further restriction on spending in order to protect the country’s foreign exchange reserves, supported his assertion that the Government and the regulatory body had failed.
“This means the suffering Barbadians have been enduring for the last eight years has been in vain,” the former minister said. (PR/AC)
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