Thursday, March 28, 2024
Tag:

fuel

GOB explains shortages of fuel and cash flow amidst allegations of money issues

Amidst the rumors that the Government of Belize (GOB) has maxed its 2017/2018 fiscal year budget, resulting in the shortage of fuel to the country due to unpaid arrears and a dire cash flow position threatening public workers’ salaries, two press releases were issued on Sunday, February 25th explaining the questionable situation.

New tax hikes with the new 2017/2018 budget

As of Saturday, April 1st, prices for soft drinks, alcoholic beverages and other products of general consumption went up dramatically.

GOB absorbs fuel price increase

The sharp increase in price of the next shipment of fuel arriving March 2 (only) will be absorbed by the GOB varying import duties to maintain fuel prices at their current level, except kerosene, which will increase by 6 cents a gallon