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Mar 8, 2016

Barrow Says Budget Reflects Investment and Not Overspending

Dean Barrow

Not surprisingly, PM Barrow wasn’t impressed by Briceño’s preliminary analysis of his Stability budget. He says that it wasn’t about overspending to buy the affections of the people, but rather investing in the people in a way which is now reaping full dividends.


Prime Minister Dean Barrow

“I would think that the people of Belize might want to give him a stick-licking. When you say that the government bought the election, you are basically saying that the government bought the people and I would think that that’s an insult. Anyway, that apart, you see how much time I spent on the transformational effect of all we are doing and how much time I’ve devoted on the projects that are ongoing; that are about to start. And if you do the analysis, you would see that perhaps the bulk of the spending is just now bearing fruit. BIL for example, it is just now that this wonderful synthetic stadium is going to be opened; it is just now that what’s happening in Toledo with the Union Field and the multipurpose complex will happen; City Center just broke ground; I gather the stadium out in Benque is going to be a wonder to behold. So again, my point is there is no question of trying to assist in winning the elections by overspending. It was a question of making the right investments in infrastructure, in sporting facilities, in the people and being in a position to be able to make those investments because of that huge Petrocaribe bonanza. I am conceding that that bonanza is drying up, but fortunately there is still very much wind in our sails because, I repeat, the investments are only now beginning to bear full fruit.”


We’ll have much more from the Prime Minister later in the newscast.

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