Belize - Belize News - - Great Belize Productions - Belize Breaking News
Home » Economy » Government adding and subtracting to balance the budget
Feb 22, 2011

Government adding and subtracting to balance the budget

The government is tallying the numbers for the new budget which kicks in on April first after it is passed by the House and Senate, according to a Cabinet release, following today’s meeting. The Prime Minister projected two weeks ago that new taxes are not expected. Total revenue and grant receipts, he said,  stand at five hundred and fifty-nine point six million dollars; total expenditures at five hundred and sixty-six point seven million dollars resulting in a overall deficit of seven point one million dollars. There has, however, been a big dip in grant receipts; from seventy-eight point seven to four point eight million dollars, and while there has been increased revenue from GST, it is still below the estimated figure. Those are the projected figures, but we won’t know until the budget is presented to the House in the weeks to come. The Cabinet release also states that the Prime Minister is heading to Grenada for a CARICOM Heads of the Government Meeting. He leaves this Wednesday and returns next week Tuesday.

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

7 Responses for “Government adding and subtracting to balance the budget”

  1. rod says:

    economy in the drain, education in the drain, corruption rampant, tourism in the drain ,exports in the drain, imports in the drain , crime out of control what a useless and corrupt gov. resign barrow resignnnnnnnnnnnnnnnnnnnn before i stone you with mi shoes.

  2. soldier says:

    Dean barrow and his ministers who are nothing more than a mafia,same can be said about the pup and his mafia,this 2 parties in belize are a big law firm who controled the country,are TYRANTS,few weeks i took a car to belize and saw the GST tax they charge on a car,and its should be criminal what that gst is on cars.i am sure they as ministers dont pay that on duty,nor they buy gasoline,thats why they can raise,and raise the price on gasoline,car tax,etc,

  3. says:

    We need a revolution if we wanna see any changes in Belize. Belizeans needs to come together as one, if we are united and we stand together towards a common goal we can achieve anything. Whats the point of moaning and complaining about everything when nobody’s even listening, in life when you’re faced with a situation you either do the right thing or the wrong thing but you need to do something.

  4. Skywalker says:

    A country rich with such human/natural resources making that pilinki money. Lawd I could shame.

  5. Earl Grey says:



  6. Stan says:

    That’s why I don’t understand people who are against oil exploration and drilling. Belize need revenue. Yet these so called NGOs who me no know want Belize to continue having limited sources of revenue.

  7. B Groovy says:

    My friends, these third parties r just the a front for the NGOs.

Leave a Reply