UDP hits back: “Amateur hour in the office of the Prime Minister?”
November 18, 2020
anthony mahler
New tourism Minister Anthony Mahler begins to chart way forward for tourism and diaspora relations
November 18, 2020

Briceño: Debt to GDP ratio now “132.9 percent”, far worse than anticipated

Posted: Wednesday, November 18, 2020. 10:09 pm CST.

By Aaron Humes: New Minister of Finance John Briceño has endorsed the view of “technocrats” from his Ministry of Finance and the Central Bank of Belize that the former administration “has been functioning with unsustainable fiscal and debt positions.”

Coupled with a loss of revenue “far worse than anticipated,” the domestic borrowing of $30 million per month to meet expenses has lifted debt-to-GDP ratio from 97.7 percent to 132.9 percent, more than double the internationally accepted debt-to-GDP threshold and second highest in the Caribbean, and not enough to pay our bills.

“This is unsustainable,” said Briceño, as he committed to try to turn things around.


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Your email address will not be published.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 *