Full Statement: Ministry Of Finance Responds To Moodys Downgrade -- Nationnews Barbados -- Local,

Government has also initiated a comprehensive review of the domestic tax system which is being carried out by experts from the IMF Fiscal Affairs Department. So that contrary to the assertions by Moodys in its press statement, it is clear for all to see that considerable progress is being made with programme implementation. However, even with the best of wills and the sincerest of wishes these measures need time to work. We are confident that if we stay the course Governments fiscal deficit will definitely come down significantly; just as it is true to say that Central Bank financing of Governments deficit will equally recede. For the original version including any supplementary images or video, visit http://www.nationnews.com/articles/view/full-statement-ministry-of-finance-responds-to-moodys-downgrade/