“…the full impact of this reduction was however not felt due to the receipt of the insurance payout from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) for the damage caused by Tomas during the month of November 2010.” Hon. Christopher Sinckler, Minister of Finance and Economic Affairs, Barbados in his Financial Statement and Budgetary Proposals for 2011 delivered to Parliament, which indicated that fiscal revenues for 2010-2011 had decreased