Fiscal Woes Set To Continue

BMI View: While we welcome the Barbados' governments acknowledgment of the need to rein in its yawning fiscal deficit, we caution that the aim of posting a fiscal surplus by 2016 is likely to prove overly ambitious. Rather, ongoing spending commitments, combined with the island's weak economic recovery are set to keep the pressure on the government's accounts, with our forecasts indicating that the fiscal balance will remain in the red through to 2019.

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