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Belize~How to pay down fuel price

Posted: Friday, September 29, 2017. 11:37 a.m. CST.

fuel

By Richard Harrison: In his annual budget speech 2017, the Prime Minister and Minister of Finance said he would require “the government outside the government”…..a.k.a. statutory bodies, such as BTB, NICH, BAHA, BAA, BMA, PACT, etc…..to start contributing 10% of their ever increasing revenues to the central government.

He should reveal how much has been collected by central government from this new source of revenue…and explain the amount….based on audited statements of the quasi-government institutions.

This amount should be used entirely to pay down the pump price of fuel…by reducing the governments take from taxation on fuel by the same amount.

Everyone, including these contributing institutions, stand to gain if this is done….as cost of fuel is a major driver of all operational costs.

It is high time that these institutions start contributing to the general good…instead of increasing their luxurious offices, vehicles, travels, benefits and perks, year after year.

If nothing has been collected….the PM needs to explain why….otherwise he could be accused, yet again, of lying to the people…demeaning further his high office….and diminishing further the trust of the people for his government and governance.

The target pump price of fuel should be matching the pump price of fuel in Mexico and the USA agricultural belt…as Belize MUST become more cost competitive with these regions, which are its principal competitors.

That target price today would be around US $3.00 per gallon.

The views expressed in this article are those of the writer and not necessarily those of Breaking Belize News.

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