The former governor of the Central Bank of Barbados says cutting wages and the number of staff employed by government is the best way to tackle the nation’s budget deficit.

Despite the government collecting 30 cents of every dollar of income earned, the day-to-day running costs of government exceed tax revenues. In the last fiscal year, the running costs exceeded revenues by $341 million. 

In his monthly letter, DeLisle Worrell stresses the tax burden placed upon people is already high