Jose Mai offers sound economic advice to GoB

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By BBN Staff: Orange Walk South Representative, Jose Mai, in registering his discontent with the 2017-2018 proposed budget, shared with Parliament how just one investment in the productive sector using PetroCaribe funds could have helped to grow the Belizean economy.

According to Mai,” …An investment of $10 – $15 million from the PetroCaribe funds in the poultry industry would have increased slaughtering capacity from 2,000 to 5,000 birds per hour!”

He told the House that if we had made this investment, we could have supplied poultry to Venezuela for the next 25 years.

He claimed that this would allow farmers to expand corn production by 50,000 acres and sorghum production by 50,000 acres.

In addition, the protein needed to grow these additional birds would come from expanding soybean production by 40,000 acres.

With all these expansions made possible from this single investment, Mai told the House that, “we would need to employ 1,500 persons more…this is what should have been done (with PetroCaribe funds)!” Instead, he claimed that government chose to invest over $35 million of PetroCaribe funds in a basketball court/civic center in Belize City.

 

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