Barbados 2025/26 Budget

The Hon. Ryan Straughn M.P. Minister in the Ministry of Finance presented the Government’s Budgetary Proposals and Financial Statement 2025 covering the fiscal period 2025 to 2026 on Monday, 10 March 2025.

In his speech the Minister outlined a six-mission-orientated approach in the areas of: Climate Resilience, Social Cohesion, Food and Water Security, Public Health and Safety, Worker Empowerment and Digital Transformation. These missions were said to be the backbone of the following five guiding principles: Voices of accountability, Guardians of cleanliness, Agents of respect, Creators of solutions and Global citizenship.

We are pleased to provide our perspective and comments on some of the fiscal measures announced during the budget presentation. Should you wish to discuss the impact of any of the proposed measures on your organisation, please reach out to our Tax and Legal Services team.