The Economic Programme Oversight Committee, EPOC, says the government will encounter further financial deficit if it does not balance its budget.

During a quarterly media briefing yesterday, Chairman of EPOC, Keith Duncan, said the impact of COVID-19 has drastically affected the construct of the present budget.

According to Mr. Duncan the government has met its fiscal targets for the quarter.

But, he highlighted that the country has a deficit of $72 Billion :

The EPOC Chairman is also reiterating that projections indicate the economy will not return to Pre-COVID-19 levels until 2024:

Keith Duncan, Chairman of EPOC