The eagerly awaited budget will be delivered by Minister of Finance Chris Sinckler on Monday (22.11.2010). The debate making the rounds – will the government increase the VAT? How much will transfers and subsidies to statutory agencies get slashed? Will the government interrupt its social programs (building a society) to focus mainly on the ‘economy’?
The protracted global economic slowdown has severely impacted Barbados as it has most countries in the world. Although leader of the opposition Owen Arthur has taken to making the asinine comparison of Barbados to a growing Guyana economy, most reasonable people understand that any economy which is dependant on tourism, international business, remittances and foreign direct investment will struggle in the prevailing climate.
A simple observation of how many Barbadians have adjusted to the economic hardships does not convince BU the gravity of the situation is fully understood. The most modest home still has a minimum of one car parked outside, the ubiquitous cable dish/antennae, and of course the mobile phone/s. The latest fad is for our teenagers to upgrade to a Blackberry to feed a growing addiction to Facebook and Twitter.



















