Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Economy, Featured, People & Places, Politics » Put Hurricane Relief Funds into Productive Sector, B.P.P. Tells Government
Aug 19, 2016

Put Hurricane Relief Funds into Productive Sector, B.P.P. Tells Government

Patrick Rogers

The Government has collected millions of dollars in hurricane relief funds since the passage of Hurricane Earl. Much of it will go to rebuilding efforts for the hardest-hit communities. But the agricultural and small business community is arguably even harder-hit and according to the Belize Progressive Party, there is much work to be done. The B.P.P.’s Political Leader, Patrick Rogers offered his views during a discussion on the state of the economy at the party’s press conference yesterday.

 

Patrick Rogers, Political Leader, B.P.P.

“If we continue to focus – let’s just say, if the bulk of the money that comes in goes to fix people’s houses and roofs and things and totally neglect a productive sector that is in dire need of attention, we would have dealt the last blow to our economy that would guarantee that we reach stagflation, not inflation. Because either the economy is spiralling down, or spiralling upwards. So depending on policies the Government makes, it will reverse the trend of a downward spiralling economy, or it would accelerate the way it’s spiralling down. If a government do not know when it is time to intervene in certain sectors of their economy, to ensure the survival of those sectors, especially when we are talking about our productive sector – money is not value, value has to be created, so don’t think those merchants who control the Government do anything for the country. They’re not contributing to the development of this country – they are hindering the development of this country. So, if the Government would look at the productive sector, what would happen? There would be less need for foreign exchange because we could start addressing import substitution – stuff that we are importing, that we need to find foreign exchange for, no longer need foreign exchange for, because it’s being produced locally.”

 

The B.P.P. is calling for more diversification of local crops and finding one that can create major currency for Belize, like nutmeg does for Grenada. Additionally, the party wants Government to consider exempting taxes and import duties on items for the productive sector for three months to get them over the Hurricane Earl hump; a two-year moratorium on foreclosures of properties and refinancing through the National Bank and Development Finance Corporation; and passing usury laws to crack down on high interest rates and predatory lenders, and of course, a renewed assault on crime.

Be Sociable, Share!


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

Advertise Here

1 Response for “Put Hurricane Relief Funds into Productive Sector, B.P.P. Tells Government”

  1. MNHG says:

    AHA !!!
    WE HEARD YOU, WHAT ABOUT THE BOARD BRIDGE IN CAYO THAT WAS WASHED AWAY?
    ANYTHING ON THAT?
    THAT IS THE MOST IMPORTANT PRIORITY FOR THE CAYO DISTRICT, I SEE TRAFFIC JAMS ALL THE WAY TO ABOUT A MILE EVERY DAY?
    I REALLY WONDER OF THE GOV OF BELIZE EVEN KNOWS THAT THE WOODEN BRIDGE WAS WASHED AWAY?
    WELL…. I GOT A XMAS HAM, THE BEST IS YET TO COME !!!

Leave a Reply

CAPTCHA Image
*