Economy / Barbados
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Cricket World Cup To Exacerbate Fiscal Deficit
November 2006 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Barbados' nominal fiscal deficit amounted to BBD207mn in the fiscal year 2005-06 7mn (up by 44.5% y-o-y) and exceeded the projections made in the 2005-06 budget by more than 43%. The island's fiscal position has significantly worsened since the second quarter of FY 2006-06, which is mainly a result of increased capital expenditure in light of the up-coming Cricket World Cup (CWC) in 2007.