Charles Herbert (l), President of the Barbados Private Sector Association.
THE private sector invests where there are opportunities to make money. So says Charles Herbert, president of the Barbados Private Sector Association.
Speaking at the budget discussion yesterday morning at the Hilton, Herbert reasoned that if Barbados is a profitable location where businesses can invest, then there will be investments.
Arguing that Government has to set the environment for businesses to invest, the BPSA official maintained that once this is done the private sector will step up.
“If it is not the appropriate place then there are other places where investors can go to,” he reasoned.
“We have got to make Barbados an easy and profitable place to do business,” Herbert said.
Earlier in his presentation he said that the long delays by Government in issuing VAT returns to businesses, is placing the private sector in a position where it is financing government.
“What we are doing is financing government,” said Herbert who insisted that there needs to be a voice to tell government that what it is doing with respect to the refunds is unfair and it is not the way to go. (JB)
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