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I.D.B. specialist talks regional economic policy

On Wednesday evening, the Inter-American Development Bank Belize office hosted the economic principal specialist for Central America, Mexico, Haiti and the Dominican Republic. Doctor Jordi Prat presented to attendees at [...]

P.U.P. Leader: Insatiable G.O.B. Can’t Get Enough of Taxes

During the budget presentation for the upcoming fiscal year, Prime Minister Barrow announced that a tax of twelve and a half percent will be added to the existing cost of [...]

Consumers to Pay Extra Costs

While he stayed away from speaking on behalf of Speednet Communications, the parent company of Smart, Briceño says that the additional cost will be borne by consumers of data, potentially [...]

Taxes Should Be Going Down, Says Mark Lizarraga

The debate for the 2018 Budget is set for next week Thursday and Friday. One of the key points will be how the government is managing the tax base for [...]

Gov’t Still Too Spendthrift

According to Lizarraga, G.O.B. in 2017 had promised austerity measures to cut back on operational expenses. In the 2018 Budget, they’ve only been able to do so by two percent, [...]

P.M. Talks Tax Issues

Prime Minister Dean Barrow also addressed lingering issues regarding practices on taxes which have been identified as harmful by the European Union’s Code of Conduct group. By the end of [...]

Budget Addresses National Stability; Belize Still Short of National Fiscal Targets

The long-awaited first and second reading of the General Revenue and Appropriation Bill dominated today’s proceedings at the House of Representatives. The budget for the 2018-2019 financial year is for [...]

Debt Nears 100% of GDP

In the last few weeks, Financial Secretary Joseph Waight, in a memo to C.E.O.’s of government ministries, suggested that national debt had reached one hundred percent of GDP. The official [...]

New Measures, Including Tax on Data Services, ‘Extremely Mild’

Outside the House, the Prime Minister referred to the proposed budget as being a case of ‘steady as she goes.’ But in the case of the new taxes, did he [...]

Opposition on Budget: ‘Lifeless, Bogus…No Glitter and No Substance’

If the Prime Minister sounded somewhat lukewarm concerning the new Budget, Leader of the Opposition John Briceño is downright cold. Offering his first impressions ahead of the debate in two [...]

The Final Price for B.T.L.

The Government of Belize’s acquisition of Belize Telemedia Limited was also a feature of the Budget speech. A figure of more than half a billion dollars was widely quoted, but [...]

P.M. Hopes Venezuela Gets It Together on Fuel

For those worried about imminent increases at the pump, the Prime Minister quickly said that lesser used fuel oils, including kerosene, are the products affected by the G.S.T. re-balance. But [...]

Montero payments “abuse” says Eamon Courtenay

Five members of Minister Rene Montero’s family, in 1998, acquired between them eighty-one acres of land in two pristine and remote locations. One was the Privassion Enclave in the Mountain [...]

Prediction for the Budget? Pain.

The office of the Prime Minister sought to reassure Belizeans that the government will be able to extricate itself from what the Financial Secretary Joseph Waight described as an impending [...]

Prices and Imports Up, Exports Down

The prices of consumer goods went up by almost one percent in the month of January.  That’s according to the Statistical Institute of Belize.  The SIB released its quarterly figures [...]

Taxes Going Up? P.U.P. to Consult Chamber

Opposition Leader John Briceño says he expects that there will be some unpleasant consequences for alleged Government misspending in the forthcoming budget. But as to the specific question of raising [...]

PUMA Promises Steady Supply Despite Issues

The Government of Belize has insisted that it is not in debt for fuel shipments from Venezuela through Curacao as part of the Petrocaribe agreement. But a Mexican online media [...]

Gov’t Defends Finance Woes but P.U.P. Unconvinced

Financial Secretary Joseph Waight sent a blistering communication to chief executive officers some days ago asking that their finance officers stop searching for additional funds as there is no money [...]

Don’t Touch the Diesel!

The Government has also hit out at suggestions that it owes for previous shipments of diesel oil from Venezuela and that a tanker cannot be discharged because G.O.B. hasn’t paid [...]

No Money No Deh! FinSec Tells It Like It Is

Is government broke? So broke that they may have to resort to issuing treasury bills just to pay salaries at the end of the month? Recent correspondence to C.E.O.s purportedly [...]

P.M. Mum on Budget

The budget for the new financial year 2018-2019, is to be tabled in the House of Representatives on March ninth, that’s two days after the municipal elections. From what we [...]

Business Senator Eyes True Accountability and Proper Spending

Still on the national budget, eagle eyes will be turned on Belmopan to see if Prime Minister Dean Barrow and his government have been able to live up to the [...]

Mark Lizarraga Says Societal Ills Must Also Be Addressed

Senator Lizarraga went on to address another key area of concern in the Budget: what will be allocated to addressing the root causes of crime such as joblessness and lack [...]

No Payment of Fuel Bills Leads to Diesel Ration

Information to our newsroom is that the supply of diesel fuel is running very low. In fact going into the weekend, gas stations are receiving only a limited amount and [...]

Mexico’s Gain is Free Zone’s Loss

Business at the Commercial Free Zone continues to be affected by Mexican consumers purchasing goods and services in their homeland, instead of shopping in Belize.  The exclusive business location was [...]