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Private sector must lead growth

Private sector must lead growth
11 Oct

The private sector, not government, must lead the charge to Barbados' return to consistent and sustainable economic growth.

That's the view of Caribbean economist Marla Dukharan.

Addressing the Rotary Club of Barbados West Tuesday evening, she said if there was one point those attending should take away from her presentation, it was that government spending does not create growth.

Ms Dukharan says the main goal of government's restructuring plan is to fix the issue of spending more than it earns.

Solving that, she says, will positively impact on the country's foreign reserves.