House to discuss almost US $30 million in COVID-19 related loan motions
June 26, 2020
Heated debate on loan motions; Opposition reminds of unlawful spending while P.M. calls COVID response ‘stellar’
June 26, 2020

House approves supplementary Budget allocations, deferral of Superbond payments

Posted: Friday, June 26, 2020. 11:04 am CST.

By Aaron Humes: The House of Representatives has approved, first in a Committee of Supply and then in the open meeting, proposals concerning supplementary allocations to the General Revenue and Appropriations Act, 2020.

As stated by Prime Minister and Minister of Finance Dean Barrow several weeks ago, this is necessary to address the hole in the budget created by extensive loss of revenue due to Covid-19’s impact on various industries including tourism.

The Prime Minister had stated that in his estimation hundreds of millions would be lost and thus the Budget had to be restructured, involving potential cuts in goods and services and as now confirmed, a deferral of interest payments on the Super Bond to be approved by bondholders after negotiations.


Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt [email protected] оr саll uѕ аt 501-601-0315.


© 2020, 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.

  • Galen University
  • larry waight
  • Galen University

Leave a Reply

Your email address will not be published.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