Barbados establishes committee to look at increase in food and fuel prices
A committee has been set up within the Social Partnership to look at the increases in food and fuel costs in Barbados.
Prime Minister Mia Mia Amor Mottley made the announcement as she participated in a hybrid panel discussion on Building Resilience and Sustainability in the Caribbean on Friday.
The other panellists were Deputy Prime Minister of Canada, Chrystia Freeland, who joined virtually, and the Managing Director of the International Monetary Fund, Kristalina Georgieva.
Mottley underscored the importance of having policy and fiscal space, so the government could continue to shield citizens during these tough times. She noted that government had put in place an initial measure that allowed it to cap the rate of the Value Added tax on fuel.
“We at least tried to shield you by not taking as much taxes and capping that. Regrettably, we’re going to have to look at it again.
The prime minister said the School Meals’ programme may have to be utilised during the summer.
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