Barbados
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 2002-2003 , pp 331-334
- Publication Date: December 2003
- DOI: https://doi.org/10.18356/d36ff348-en
- Language: English
The fiscal result for 2002/2003 was a deficit bigger than the one recorded in the previous fiscal year (12.0% of GDP, as opposed to 11.0% in 2001/2002; excluding amortization and net enterprises, the percentages were 5.6% and 3.8%). This resulted from an increase in expenditure (from 42% to 44% of GDP between the two periods), since the tax/GDP ratio remained constant at 32%. In an effort to avoid increasing in its external debt stock (19% of GDP at the end of 2002), the government financed its deficit from domestic sources, particularly through the ways and means accounts and by drawing on government deposits held at the Central Bank.
© United Nations
ISBN (PDF):
9789211558777
Book DOI:
https://doi.org/10.18356/1802ae64-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Barbados
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