Covid-19 To Push Barbados' Budget Balance Into Deficit

• Barbados will experience a fiscal deficit in FY2020/21 as the economic impacts of Covid-19 hinder revenue growth and elevate spending.
• Travel restrictions will reduce revenues, while the government response to the coronavirus pandemic will push expenditures higher.
• Fitch has revised down its fiscal forecast to a deficit of 1.3% of GDP from a surplus of 2.5% of GDP, with risks weighted to the downside.

 (Source: Fitch)