On May 30, 2017, The Financial Statement and Budgetary Proposals were delivered to the Honourable House of Assembly by The Hon. Christopher P. Sinckler MP, Minister of Finance and Economic Affairs.

KPMG is delighted to be able to present our post-budget commentary on Barbados’ 2017 Financial Statement and Budgetary Proposals.

The proposals 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.

In this post budget commentary on the fiscal measures announced by The Honourable Minister we offer our analysis for your consideration.

We hope that our remarks stimulate discussion on how this budget affects us as individuals and our country as a whole. We are once again reminded that the success of our economy depends on the cooperation of the Government, the Private Sector and the wider community.

Please contact us should you require clarification on any of the matters discussed in this document.

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KPMG in Barbados and the Eastern Caribbean -

KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 153 countries and territories and have 207,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.