Managing the Economy with Fiscal Policy – Part 2- By Laurel Bain
By Laurel Bain
This article focuses on the non-tax sources of government revenue and the possible impact of fees from merit goods on the lower income earners.
Budget Alert 3.5 Managing the economy with fiscal policy Part 2
Budget Alert 3.3 ‘Government Finances and the Economy’
Written by Laurel Bain Chairwoman of the Fiscal Responsibility Oversight Committee.
The analysis focuses on the fiscal performance for the first quarter relative to the targeted performance. The financial transactions in 2022 were abnormal due to the receipt of budgetary support of $81M and the payment of approximately $75M in arrears of pension and gratuity. The fiscal performance was favorable compared to what the Government planned, and based on the growth in tourism, the economy continues to expand.
Budget Alert 3.3 Government Finances and the Economy at 31 March 2023
