Prime Minister presents “Continuing the Transformation” budget

Posted: Friday, March 13, 2015. 12:44 pm CST.

Budget figures

Friday, March 13, 2015. BMG: Prime Minister and Minister of Finance, Dean Barrow, today presented government’s proposed budget for fiscal year 2015-2016.

The budget speech was read by the Prime Minister during a sitting of the House of Representatives in Belmopan.

According to the Prime Minister, his government is proposing to spend BZ$1.1 billion during the upcoming fiscal year starting on April 1.

Budget summary

With Revenue and Grants estimated at $980 million, the proposed budget calls for a deficit of $88 million or 2.5% of the country’s GDP.

“To this figure we must as a further $86 million for Loan Amortization requirements, and so arrive at the Total Financing Needs of $174 million,” said the Prime Minister.

The proposed budget for fiscal year 2015-2016, titled “Continuing the Transformation,” will be debated on Thursday, March 26 and Friday, March 27 in Belmopan.

Comments

Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt marketing@breakingbelizenews.com оr саll uѕ аt 501-601-0315.

© 2015, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.