When Teachers Strike: I Am Here for Them, Where Are You?
October 2, 2016
BNTU calls Monday meeting of branches
October 2, 2016

Minister of State Barnett: Economy will recover; taxes will not be raised

Posted: Sunday, October 2, 2016. 6:36 pm CST.


By BBN Staff: Newly appointed Minister of State for Finance; former Financial Secretary, and former vice-president at the Caribbean Development Bank, Dr. Carla Barnett, addressed reporters on Friday on the current state of the economy.

The country has just completed its Article IV consultation with the International Monetary Fund (IMF), which continues to call for cuts to the wage bill, increases in taxes and other measures.

The Dean Barrow administration has consistently refused to follow the prescriptions of the IMF, and while Dr. Barnett explicitly said she would not commit to anything, she did insist the Government has the ability and competency to correct the economy’s current course. That includes a “halftime report” on the state of the budget, which was read in March.

Dr. Barnett, echoing her boss Prime Minister and Minister of Finance Dean Barrow, stated that Belize’s current economic malaise will not extend into next year, even allowing for several major industries that still need to recover from the one-two punch of internal problems and the impact of Hurricane Earl.

Speaking more specifically on raising taxes, Dr. Barnett reiterated that the Government’s efforts are presently aimed at increasing the level of outstanding taxes it collects and closing loopholes in the system before it resorts to raising them.



Advertise with the largest and fastest growing audience in Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at [email protected] or call us at 670-6397.


© 2016, 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.


Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!