VAT to yield $840 Million for Barbados During Upcoming Fiscal Year

This is as the government announced a near 7 percent decline in its expenditure for the coming year and a 5.7 percent increase in projected revenue for that period.

 

These are the estimated figures stated in the 2011/12 Estimates of Revenue and Expenditure laid in the House of Assembly by Leader of Government Business, John Boyce who is also the Minister of Works and Transport.

 

 

The Barbados Advocate reported that the government is spending $3.5 billion, a reduction from $4 billion for the current year.

 

 


Revenues are estimated at $2.5 billion revised from the original estate of $2.3 billion.
 

 

(Parts of this article were written with content submitted in a Caribbeannewsnow release)

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