Tag:
Gross Domestic Product
Business & Economy
IMF preliminary report says Belize’s economy is growing
Despite residents voicing their struggles in the current Belizean economy, a report published on Monday, September 24th by the International Monetary Fund (IMF) states that the country’s economy has grown by an estimated 5.4%.
Business & Economy
Prime Minister Presents 2018-2019 national budget; funding ‘being pursued’ for Ambergris Caye hospital
Minister of Finance and Prime Minister of Belize, the Right Honourable Dean Barrow presented the official budget for the 2018-2019 fiscal year on Friday, March 9th under the theme ‘Maintaining Steadiness; Consolidating Stability; Advancing Growth.’s for possibilities of any projects to benefit Ambergris Caye, the budget presentation did not include any concrete plans but did mention the intent to construct hospitals for San Pedro and Punta Gorda Town in the Toledo District.
Business & Economy
SIB report indicates the cost of living is on the rise
The Statistical Institute of Belize (SIB) released a report on August 30th, citing a rise in the cost of living for Belizeans.
Travel & Tourism
National Sustainable Tourism Policy looks at the next 10 years
The increase in the tourism industry has brought 90 tourism property owners, tour operators, investors, bankers and other stakeholders to offer their input when the Ministry of Tourism and Civil Aviation presented its draft National Tourism Policy for 2018-2028.
Business & Economy
PM Barrow presents 2017-2018 National Budget
Under the theme ‘Bouncing Back-A Bold Belizean Recovery,’ the official National budget for the 2017-2018 fiscal year, was presented on Monday, March 13th.
Business & Economy
“Tax increase very likely”; social partners meet with Financial Secretary
Joseph Waight, Financial Secretary, spoke about the concerns being raised by social partners and the majority of Belizeans, including a raise in taxes.
Business & Economy
SIB figures show that Belize is still in recession
The figures from SIB show that the country has experienced three consecutive quarters of negative Gross Domestic Product (GDP) growth.
Business & Economy
IMF says Belize’s economic growth is in jeopardy
According to the IMF, Belize is encountering significant vulnerabilities, and reducing public debt should be the country’s first priority.
