Prime Minister Mia Amor Mottley does not see the need “at this time” to present any increase in taxes or fees.
She also said she was satisfied with the foreign reserves at almost $2 billion should the country have to deal with a natural disaster this hurricane season.
Speaking during the consultation with public sector workers on the Barbados Optional Savings Scheme (BOSS) at the Gymnasium of the Garfield Sobers Sports Complex yesterday, the Prime Minister said she was comfortable with what her administration’s debt restructuring and the Barbados Economic Recovery and Transformation programme had been able to achieve in the last year.
Mottley, however, stressed that as Minister of Finance, she would not want to say it was a certainty no increases in taxes or fees would come in the future.
She said that despite the country’s stable financial position, COVID-19 would provide serious challenges.