2017 Tax Budget Commentary | KPMG | BB
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2017 Tax Budget Commentary

2017 Tax Budget Commentary

The Minister of Finance and Economic Affairs, the Honourable Christopher Sinckler delivered the much anticipated Government’s Financial Statement and Budgetary Proposals on Tuesday, May 30, 2017.

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2017 Budget Highlights

The Minister of Finance and Economic Affairs, the Honourable Christopher Sinckler delivered the much anticipated Government’s Financial Statement and Budgetary Proposals on Tuesday, May 30, 2017 which concentrated on measures designed to extract liquidity from the system, curb consumer spending and dampen demand for imported goods, all geared towards the preservation of our foreign reserves and the management of our debt position.

While there was modest growth of 1.6% and 2% at the end of 2016 and quarter one of 2017, respectively, the fiscal deficit remained at (6%) of GDP at the end of quarter one of 2017.

View/download KPMG's assessment of the 2017 Barbados tax budget.

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