GOB issues statement on current cash flow position

Posted: Sunday, Feb 25, 2018. 5:06 PM. CST.

By BBN Staff: The Ministry of Finance has released a statement to clarify that the Government of Belize’s annual budget is achieving its broad goals and allowing all obligations to be satisfied in a timely manner, including payroll.

“There is no requirement for the Government to access any financing whatsoever outside of the budgeted and approved sources, the release says.

“It has come to the attention of the Ministry of Finance that certain statements made by the Financial Secretary in an internal document sent to accounting officers are being interpreted to suggest that the Government is broke and may have to resort to borrowing to meet the end of March payroll”, the release further adds.

According to the release, the statement made by the Financial Secretary was the standard financial year-end instructions given to Accounting Officers to restrain overspending and encourage senior public officers to remain diligent in the pursuit of budgetary objectives.

The release ends by stating that, “all the details of the Government’s budgetary performance for this fiscal year (FY) and its targets for FY 2018/19 will be shared when the Prime Minister makes his Annual Budget Speech on March 9, 2018.”

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