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Key Points: Budget 2026-27

Key Points of the 2026-27 Budgetary Proposals and Financial Statement as delivered by Minister of Finance Ryan Straughn on March 16, 2026.

  • This is the first Budget being presented by this Government while not in an IMF programme. Barbados has regained control of its economic future. The country is on a stronger economic footing.
  • Barbados remains in a stand-by arrangement with the IMF.
  • Debt to GDP ratio was at 99.8% at October 2025; at January 2026 now 93.3%.
  • Barbados is now off everybody’s lists – it meets international standards for transparency and financial regulation.
  • Adjustments were made to Budget to respond to current global challenges – for example, corporation tax assumptions reduced by $200 million.
  • Unemployment rate at all-time low of 6.1% at end of December 2025.
  • Central Bank expected to report next month 19th consecutive quarters of growth.
  • $728.5 million spent in fuel imported last year.
  • In past two weeks Brent crude has risen from US$64 per barrel to just under US$106.
  • Over next 3 months, hedge for Bajans with oil price locked in at US$92 per barrel – 80 000 barrels per month.
  • From April 1, Government will absorb 50% of increase in Fuel Clause Adjustment for next 3 months. It will cost Government $7.9 million.
  • Government cutting VAT and excise tax caps on fuel. From April 1, cumulative reduction of 15 cents per litre at the pump.
  • They are not permanent but to deal with the current crisis.
  • To businesses: Identify your energy wastage and fix it.
  • During COVID-19 in 2020, country imported $519m in fuel. Last year it imported $728.5m.
    • From April 1 to March 31, 2027:
  • To extend Excise and CAT holiday on electric vehicles
  • Cost of replacement batteries for electric and hybrid vehicles will be eligible for the five-year personal income tax deduction
    • Shipping bunker surcharges:
  • For 20-foot containers – from US$200 per container to US$700
  • For 40-foot containers – from US$400 per container to US$1400
  • From April 1, Customs and Excise Department to cap value of 20-foot container at US$3000 and US$6000 for 40-foot container.
  • Reverse tax credit to increase from $1300 to $1700 from April 1 for those earning up to $25000 per year.
  • Eligibility threshold to increase to $35000 and those beneficiaries will receive $750 in reverse tax credit.
  • Two dedicated Gun Courts coming – one dealing with offences committed in the last year and the other with the backlog of cases.
  • All purchases of GPS and dashcams systems for vehicles to be duty- and VAT-free on importation to Barbados for one year.
  • Customs duties and VAT to be removed for one year from importation of CCTV/security systems.
    • Goods imported for personal use through registered couriers:
  • • Tax-free amount raised from $60 to $150
  • • From $150.01 to $199.99, duty-free and only VAT payable
  • • Anything over $200 in value, Customs duty and VAT apply
  • Excludes items like alcohol, cannabis products, cigars and cigarettes
  • A $500 fine for false declarations or under-invoicing
  • Government announced the launch of the Green Industrial Gateway Advantage (GIGA) – to create thousands of new, high-value jobs.
  • This is projected to raise the country’s foreign earnings from US$700m to between US$4-6 billion annually within a decade.
    • Multi-birth cash grant:
  • • $300 per month for twins (up to age five)
  • • $600 per month for triplets and more (up to age five)
    • Barbados Republic Child Wealth Fund
  • • $5000 in trust per child born after November 30, 2021.
  • • The just-concluded Estimates have set aside $52.1m to cover current amounts. It is estimated to cost $10m-$12m per year going forward

DLP General Council suspends Steve Blackett

The General Council of the Democratic Labour Party (DLP) tonight voted unanimously to suspend general secretary Steve Blackett.

The announcement was made by assistant general secretary, Pedro Shepherd, whose elevation to fill the post, was also confirmed at the same meeting.

In a statement issued from the George Street, St Michael headquarters, Shepherd said the General Council “unanimously moved and adopted a motion to refer complaints regarding the general secretary Mr Steve Blackett to the Disciplinary Committee of the party. Mr Blackett has been suspended from his office of General Secretary, pending the conclusion of the investigation”.

A call to political leader, Ralph Thorne, who is also Opposition Leader, was unanswered. 

On April 21, Blackett moved a motion of no-confidence in Thorne and one of confidence in president Dr Ronnie Yearwood.

“This party existed and was making good way for the past six years and we did not have a political leader. This party can exist without a political leader but it can’t exist without a president, or I dare say, a general secretary,” Blackett said at the time.

“I will not stand idly by and allow Mister Ralph Anthony Thorne to continue to drag our party down. His presence here has brought nothing positive to this party. All it has brought to this party is confusion, destruction, turmoil and conflict.”

The Nation understands Blackett did not attend the meeting, while Yearwood reportedly left and it was suspended without completion of the other items on the agenda. Yearwood also did not answer a call after

Ralph Thorne crosses the floor and is new Opposition Leader

Government backbencher Ralph Thorne has crossed the floor to become Leader of the Opposition in a stunning move.

The Christ Church South Member of Parliament visited the President of Barbados yesterday and declared his intention in a development that comes two years after the Barbados Labour Party (BLP) was returned to office in another clean sweep of the 30 parliamentary seats.

Reacting to questions from this newspaper on the development, Prime Minister Mia Amor Mottley, who was at the helm of the BLP’s historic wins in 2018 and 2022, simply stated: “Easy come, easy go.”

She confirmed what reliable sources had told the Saturday Sun, saying that the President had written her indicating that Thorne visited her and informed her he was no longer sitting with the Government and would become the Opposition Leader. (AC)

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Rowe removed as Deputy Speaker

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Member of Parliament for St Michael North West, Neil Rowe, has been removed as Deputy Speaker.

Deputy Prime Minister and Leader of Government Business, Santia Bradshaw, moved the motion moments ago in the House of Assembly.

It was passed and he was replaced by MP for St Thomas, Cynthia Forde.

MP for St Philip North, Dr Sonia Browne, rose to query the motion, saying they had “all of 0.2 seconds to respond”.

However, Speaker Arthur Holder said the only thing up for consideration was the selection of Forde.

Rowe is before the courts, charged with rape. He has been committed to stand trial. (SAT)

Man accused of $237 500 worth of cannabis given bail

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A Christ Church man charged with having BDS$237 500 worth of cannabis has been granted BDS$30 000 bail.

Ishan Saquan Alleyne, 47, of Town House #8, Fordes Road, Clapham, Christ Church is charged with possession of cannabis, intent to supply cannabis and the trafficking of cannabis all on September 11.

Alleyne appeared before Acting Magistrate Jared Richards in the District “A ” Criminal Court  today, where he was not allowed to plead to the indictable charges. The matters were adjourned until December 9.

MISSING: Trinity Nakaya Jordan

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Police are seeking the public’s assistance in locating a missing girl, Trinity Nakaya Jordan, 15, of 1A Field Road, Wildey, St Michael and who was last seen on Monday September 7, 2026.

The teenager is about five feet five inches tall and slim with a brown complexion. Her ears are pierced once and she wears a braided hairstyle flowing from left to right.

She was last seen wearing a pink hoodie, but the remainder of her clothing is unknown.

Anyone knowing the whereabouts of Jordan, is asked to contact the District “A” Police Station at 430-7242, 430-7246, Police Emergency at 211, Crime Stoppers at 1-800-TIPS (8477), or any police station.

Motorcyclist killed in Westmoreland crash identified

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Police have identified the victim of the fatal collision at Westmoreland, St James yesterday as 22-year-old Kahlil Nash of Cave Hill, St. Lucy.

Reports indicate that a car and a motorcycle were travelling from Sion Hill towards Lancaster, St James when the collision occurred in the area of the traffic lights. Nash was pronounced dead after a medical doctor visited the scene.

Investigations are continuing.

Man on firearm and ammo charges

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Police have charged a St Michael man with having a firearm and six bullets on September 10, 2026.

Shaquille Tremaine Layne, 32, of Ocean View Road, Spooners Hill, St Michael is set to appear before a magistrate in the Bridgetown Traffic Court today.

Barbados eyes Suriname as source for building materials

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PARAMARIBO – The state-owned N.V. Grassalco is emerging as the front runner to provide Barbados with the supply of silica sand and stone to ease that country’s shortage in domestic supplies.

A statement posted on the website of the state-owned company, said that a meeting was held last weekend in Barbados with the country’s Senior Minister and Minister of Energy, Business Development and Commerce, Kerrie Symmonds and a visiting delegation from N.V. Grassalco.

Symmonds said that the availability of natural resources is essential for Barbados to carry out infrastructure projects more quickly and on a larger scale.

“When we talk about natural resources in this part of the world, we are also talking about silica sand, stone, and similar materials. These raw materials are crucial for Barbados, as we want to increase the speed and scale of our infrastructure investments.”

Barbados has traditionally relied heavily on locally sourced building materials. However, Symmonds acknowledged that these raw materials are becoming increasingly scarce.

“We all know that we traditionally sourced a large portion of our silica sand and stone materials from Barbados itself. However, these supplies have been significantly reduced. Therefore, we now have to import a large portion of the required materials.”

The search for new suppliers is part of a broader effort to strengthen economic ties with Suriname. Symmonds described Suriname as a ” sister state within CARICOM”. The location of Suriname on the South American continent offers significant opportunities for Barbados.

He also stated that Bridgetown and Paramaribo need to revisit the agreements from the 2018 Brokopondo agreement. Implementation of these agreements has been disrupted by the COVID-19 pandemic.

The bilateral agreement includes cooperation in the areas of air and sea transport, tourism, agriculture, and food security, trade, and investments, as well as natural resources and renewable energy.

The Surinamese oil and gas industry and the possibilities in the field of renewable energy can also offer opportunities for further cooperation.

“COVID is behind us now, and we need to put the issues from the Brokopondo agreement back on the agenda.”

According to Symmonds, the talks on Friday offer an opportunity to turn the long-standing relationship between the two CARICOM countries into concrete economic benefits for Barbados.

Grassalco was established in 1971. The name is an abbreviation of Grasshopper Aluminium Company. The mining company is fully owned by the Surinamese government and is engaged in the development of the country’s mineral wealth, including gold and natural stone.

For Grassalco, however, Barbados would not be a new export market. The state-owned

mining company was already doing business with Bridgetown more than ten years ago. In 2015, Grassalco received an order for the delivery of 14 000 tonnes of granite boulders to Barbados, which according to the reports at the time, represented a value of approximately US$700 000 to US$800 000

In 2014, Grassalco worked with the Barbadian company CO Williams on possibilities to export granite blocks and crushed stone from Suriname to the Caribbean. The aim was to find a logistics model whereby ships bringing material to Suriname could transport Surinamese building materials on the return journey. (CMC)

Nurse, Clarke to clash tonight

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Defending champion Shakeem Nurse is expected to move into the quarter-finals of the Barbados Road Tennis Open when he faces talented Azarie Clarke in tonight’s feature game which concludes the final round of 16 matches at Gall Hill, St. John.

​A guaranteed pay day of $2 000 and a spot in the coveted quarter-finals is a familiar trip which Nurse has taken three times in the four-year history of the BRTO.  

Clarke’s best journey occurred last year when he carried Nurse to three games before losing the round of 16 match at Diamond Corner, St. Peter.

​The road tennis fraternity held its breath on that night when the flamboyant Clarke held Nurse 19-11 in the opening set.  

After Nurse showed his greatness by clawing back to take the opening game, he dropped the second game and then clinched the decider to advance to the quarter-finals and eventually won the crown on his third foray into the final.

​Both Nurse and Clarke are solid defenders but Nurse has the advantage in possessing powerful finishing shots. 


The impressive Azarie Clarke will be determined to upset the defending champion tonight. FILE

Clarke tends to spoil his play when he ventures into an attacking mode and facing an equally fit and competent defensive opponent, he would do well to take a game from a determined Nurse in that 9:30 p.m. contest.

​The other three men’s matches should be close battles but three of the competitors hold slight and possibly winning edges.  

Davien “Force Ripe” Taylor is struggling with an injury which could affect his game and stop him from putting out schoolteacher Dwaine Hope.

​The six-foot-four-inch Tyrease Holder has shown great form and growth in his road tennis, which should earn him a win over the resolute Adrian Scott.  

Darius “Baracus” Gaskin takes on Dwayne Lynch in the penultimate clash with Gaskin holding a slight edge over former national footballer and Division One cricketer Lynch.

​The action opens with four women’s matches which are expected to be one-sided affairs.  

Gale-Anne Scott is favoured to beat Sharon Small in the six o’clock game with former Barbados basketball player Maria “Flowers” Cumberbatch pipped to bloom fully against Andisha Howell out of the Pinelands camp.

​Former queen Kim Holder should easily dispose of veteran Margo Lorde while the 2024 losing finalist Maudlyn Blunt is expected to defeat
Juliet Worrell. 

While the men won $1 000 for entering the round of 16, those moving to the quarter-finals earn $2 000.  The women did not earn any money for making the round of 16 but they now collect $2 000 for making the quarter-finals. (KB)

Economist warns of foreign exchange squeeze

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One of Barbados’ leading economists sees some challenges around the corner for the country if the trend of rising international interest rates persists.

Winston Moore, professor of economics and deputy principal at the University of the West Indies, Cave Hill Campus, said while the country’s $3.1 billion in foreign reserves at the end of June “gives us room to absorb a shock”, Barbados could potentially face a foreign exchange squeeze.

He was speaking of an outcome where “higher oil prices raise the import bill, while slower growth abroad could weaken tourism receipts, so foreign exchange is squeezed from both directions: more going out, less coming in”.

Moore also said that a scenario of rising interest rates, which would raise the cost of borrowing for Barbados and impact debt repayments, “therefore strengthens the case for the tools Barbados has championed”.

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Barbados’ passport rank No. 1 in Caricom

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Barbados has the strongest passport in CARICOM and is ranked among the leading Caribbean passports globally, according to the latest Passport Source ranking, which places the island 39th in the world.

The ranking gives Barbados a mobility score of 154 and places it first among 14 CARICOM countries, fourth among 33 CELAC (Community of Latin American and Caribbean States) countries and tenth among 56 Commonwealth countries. The ranking places The Bahamas second among CARICOM countries.

According to Passport Source, Barbadian passport holders have visa-free access to 102 destinations, while another 43 destinations offer visa-on-arrival or other simplified entry arrangements and nine provide access through electronic travel authorisations (eTAs).

Barbados also recorded 100 per cent access across Europe and the Caribbean, 91.7 per cent in South America and 90.9 per cent in North America. Only 44 destinations require Barbadian travellers to obtain a visa before departure.

But while the figures highlight the strength of the Barbados passport, former Minister of Foreign and Foreign Trade, and now Minister of Energy, Business Development and Commerce, Kerrie Symmonds, said visa access should not be viewed simply as something Barbados can negotiate or demand from other countries.

“While it is not strictly under my portfolio, I realise there is a misconceived perspective on how visa systems work. Access to other countries as you put it, is not a matter that the Barbados government decides unilaterally, or that we will necessarily be consulted on, or given an opportunity to have an input about. Barbados itself makes these types of decisions based solely upon what we determine to be in our national strategic interests,” he told the DAILY NATION yesterday.

He argued that countries make decisions about visa requirements according to their own national interests, including tourism, investment, trade and security.

“So for example Barbados has determined in its strategic interest to in some cases waive visa requirements for nationals of certain countries because we believe that it will benefit us to stimulate a more significant flow of tourism traffic, investment, trade and other relations between their nationals and ours. In those circumstances we used visa requirements as a means of securing those objectives.

“Similar considerations apply with respect to other nations who make their own national strategic interest decisions. The US for example, recently determined to make it more difficult to access their market and they use their visa as a tool to achieve that objective. The British and the Canadians have recently used digital prescreening requirements even for visa exempt countries so as to ensure that there is a filter to protect against security or ‘bad character’ threats at an individual level.

The strength of the Barbadian passport recently raised questions about whether its citizenship is being targeted.

A SUNDAY SUN earlier this year had highlighted concerns about wealthy Nigerian women travelling to Barbados to give birth, with renewed reports of so-called birth tourism.

There is also renewed attention on Barbados’ citizenship and immigration framework as Government moves to overhaul the laws governing who can become a citizen.

Prime Minister Mia Amor Mottley has made it clear that while the Government wants to attract skills, investment and strengthen connections with the Barbadian diaspora, citizenship will not be sold.

“Barbados will not sell citizenship. Our passport, respected among the strongest in our region and the world, for that matter, carries the value of who we are. It is not a commodity. Once you become a Barbadian, there are no first-class or second-class citizens, only equal rights and equal responsibilities,” she said last year.

The Immigration Bill, 2025 and Citizenship Bill, 2025 are at the centre of those reforms.

Mottley had said the legislation would extend citizenship rights through the Barbadian family line to great-grandchildren, while creating preferential treatment for CARICOM nationals and opening the door to people with skills and investment under transparent rules.

She also said the existing immigrant-status system would be abolished and replaced with permanent residence provisions.

“These companion bills sweep away the immigrant status that is captured in the current Act. They create a clear, humane path to permanent residence instead. They put ‘reside’ and ‘work’ on firm legal footings so that families are not left in limbo, and they give spouses of Barbadians a straightforward route to settle and contribute with automatic permanent residence status.”

Since last year, Barbados, Belize, Dominica and St Vincent and the Grenadines have been operating under arrangements allowing full free movement among those participating countries, representing another step in the regional integration process.

The move builds on the CARICOM Single Market and Economy, established under the Revised Treaty of Chaguaramas, signed in 2001, which provides for greater freedom of movement and work for qualifying CARICOM nationals. (NS)

Warriors pull off historic win

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In a historic moment for Limacol Women’s Caribbean Premier League (WCPL), the Guyana Amazon Warriors (GAW) emerged victorious against the Barbados Tridents for the first time in the tournament’s history, with a thrilling five-wicket win yesterday afternoon at Kensington Oval.

This was the final match of the league phase, with both teams vying for a significant margin of victory to surpass the table-toppers, the Trinbago Knight Riders. 

However, neither team could achieve this feat.

Despite the setback, both the Warriors and Tridents secured their spots in the play-off match and will face off again on Wednesday at 10 a.m. at the same venue.

The winner of that match will advance to the final, where they will face the Knight Riders on September 17.

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‘Strong turnout’ for Suarez Brothers Circus

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The Suárez Brothers Circus will spend just one more week in Barbados, with organisers reporting strong turnout as the show heads into its final stretch. The circus’s last performance on the island is scheduled for Sunday, September 20.

Manager Ruben Suárez said the show has built solid momentum since opening, with three to four weekends of consistent audiences following intitial glitches that delayed its shows.

 “The shows have been growing well,” he said, adding that performances run for the full week different starting times.

He noted that attendance may dip slightly now that the school term has resumed. 

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