fbpx
Evening division teachers at Gwen Lizarraga High School still waiting for salary
May 19, 2020
Officer reportedly stabbed at Coast Guard gym
May 19, 2020

More austerity measures for government ministries

Posted: Tuesday, May 19, 2020. 5:15 pm CST.

By BBN Staff: Today, in a memo to addressed to department CEOs and other public service officials, the Ministry of Finance announced further measures taken by the Government of Belize to reduce its expenses in an effort to cope with the economic backlash of COVID-19.

“Effective June 1, until further notice, dereservation of monthly Recurrent expenditure funds to Ministries and Departments, except for Personal Emoluments, will be reduced from one twelfth (1/12) to one twentieth (1/20) of the approved estimates,” Financial Secretary Joe Waight said.

The FinSec called on all accounting officers to ensure that the funds are utilized effectively.

The decision to reduce expenditure via budget cuts is one that the Public Service Union (PSU) has spoken on in its recommendations for cost-cutting measures to GOB, noting that research warns forcing productivity through budget cuts has not proven to be effective.

 

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn 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 mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-612-0315.

 

© 2020, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.

Comments

  • Galen University
  • Belmopan Aggregates
  • larry waight
  • Belmopan Aggregates
  • cahal pech village resort
  • Galen University
  • Belmopan Aggregates
  • Belmopan Aggregates