By the time this Editorial is published, most Barbadians will know what Prime Minister Mia Mottley has planned for the financing of this island’s affairs until March 2023, unless there are some dramatic changes in our economic fortunes in the interim.We know that there is a near $400 million deficit hole to be filled and it appears we will continue to exist, primarily on borrowed money until we can have our economy operating at full capacity following two years of a pandemic induced recession.Our economic bigwigs and our armchair counterparts have offered their opinions on what needs to be done, who needs a tax break and which areas of the economy require incentivising.The Prime Minister carries a heavy burden on her shoulders as world events upended most plans to reboot the economy by cutting the debt servicing stranglehold that existed through restructuring the debt.And now as life returns to some measure of normalcy, the Russian invasion of Ukraine threatens to derail the well-laid plans of government to meet the targets of the International Monetary Fund (IMF) programme which overshadows all our undertakings.
