Tag:
Gross Domestic Product
Government
PM’s State of the Nation address unveils tax breaks for middle class
On Tuesday, September 17th, Prime Minister Honourable Dr. John Briceño delivered his first State of the Nation address in the Capital City of Belmopan. The Prime Minister shared with Belizeans that the country's state is strong, and the gross domestic product has significantly increased, along with a robust tourism industry and a low unemployment rate. Among other important topics discussed, the highlight of his speech to many was the announcement of a break in income tax for wage earners making up to BZ$29,000 annually.
Business & Economy
SIB says Belize’s economy grew by 3.2% in 2023; imports continue increasing
The Statistical Institute of Belize (SIB) reported on March 28th that the country’s economy grew by 3.2% in the fourth quarter of 2023. The report also showed an incidence of multidimensional poverty down to 10.1% in September of that same year. However, there was an increase in consumer prices and imports during the same period.
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.
