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Mar 10, 2011

$80 Million in loans on taxpayers shoulders in 2011-2012 Budget

The new budget for the financial year 2011-2012 goes before the House of Representatives on Friday morning in the Capital. The debate won’t happen until the twenty-third and twenty-fourth of March and it is guaranteed to come under fire by the Opposition before it is passed and ratified by the Senate. The Barrow administration has promised that there would be no new taxes; however, eighty million dollars in loans will be tabled for approval, also at Friday’s sitting. The House is expected to pass an amendment to the Labor Act that has the private sector with unease.

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12 Responses for “$80 Million in loans on taxpayers shoulders in 2011-2012 Budget”

  1. rasman says:

    Loan and loan to pay not what is needed by poor Belizeans but to pay PM’s xwife charges for legal work done for her x husband. Could the poor better serve with the 8millions they dean barrow pay lois. Good sources put the figure at 8M not 4

  2. OH Barrow !!! says:

    The UDP way… Just a bunch of Bandits !!!

  3. Storm says:

    We can’t keep going into debt — it will destroy any future for our children.

  4. rod says:

    we cant take it no mo resign barrow just resign for the good of the country and the poor people of belize just resignnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn

  5. Concerned says:

    Anybody has any better ideas how GOB can get $$$ to run the country????? ALL governments have done it, even the mighty USA, so what makes you all think Belize can do better?????

  6. bz105 says:

    yeah all government have done it loan loan loan what is so sad is when government have use millions of taxe payer money to pay off debt for bigg companies/entitties
    poor thing politician what to get in to power just to fill thier pockect more said than done

  7. Bruce says:

    Just IMAGINE!!!!! A STUPID BOND WITH THE POOR PEOPLE PAYING AN EVER INCREASING INTEREST RATE ‘TIL 2029!!!!THIS BOND WAS PERSONALLY DESIGNED FOR
    RODDDDDDDDDDDDDDDDDDDDDDD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  8. Proud Belizean says:

    Concerned, no one argues that Belize shouldn’t BARROW, the point is that we are borrowing so much and PAYING Lois Young millions on useless cases. Get it?

  9. Elgin Martinez says:

    Seize Barrow’s assets and use it as collateral for this loan.

  10. Matn says:

    Wow! Why is it any time the UDP becomes the Head of the Nation, we always struggle, barely afford for the bread and butter; Why do you do this to us, the people of Belize. This ‘UDP’ administration could never be like PUP Administration and yet Mr. Barrow more, more, more Debts, WHY???????

  11. rod says:

    and please mr barrow when you decide to do the right thing for the betterment of the country and people and resign please dont forget to take ignoramus bruce with you.

  12. Disgusted! says:

    SELL YOUR ASSETS AND THOSE OF YOUR FAMILIES, COLLEAGUES, CRONIES AND ALL THEIR FAMILIES THAT THEY ACQUIRED WHILE IN POLITICAL OFFICE, THEN GO AFTER MUSA, FONSECA ET AL. AND DO THE SAME TO PAY OFF THE DEBTS. SIMPLE SOLUTION TO THE PROBLEMS THAT YOU ALL CREATED!!!!!!!!!! BETTER YET, PUT LOIS UP DEANNE ON THE MARKET!!!!!!!!

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