Howard slams stimulus plan
Mar 22, 2013
BRIDGETOWN, Barbados - ECONOMIC MADNESS!
That’s how economics Professor Michael Howard has described Government’s proposed $600 million economic stimulus, warning that the country simply cannot afford it.
And he has suggested that given the “weakness of our productive sectors, our large fiscal deficit, our sluggish tax receipts and our downgrade to junk status”, a policy of austerity and expenditure reduction was the better option.
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