Tag:
Inflation
Government
Cabinet Brief for 30th March 2023
The Cabinet, chaired by Prime Minister Hon. John Briceño, met on 28th March 2023. Cabinet discussed the effects of global inflation on Belize and ways to address the matter of the rising cost of living due to inflation.
Business & Economy
Government plans on addressing inflation affecting Belizeans
The continued increase in the price of goods and services is taking a toll across Belize. In areas like San Pedro, Ambergris Caye, where the cost of living is higher, the situation is more alarming. Island residents report that prices for basic food items increase weekly, adding to the struggle to survive. While inflation has become a worldwide issue, the Government of Belize (GOB) has discussed the matter and, on Thursday, March 30th, announced several measures to address the concerning problem.
Business & Economy
SIB’s April report shows decline in exports and increase in consumer prices
The April report from the Statistical Institute of Belize (SIB) notes that domestic exports declined by 13.6%, or $6.2 million, compared to the same period last year. According to the report, the sugar and banana products reflected the decrease in exports. In comparison, consumer prices rose by 5.8%. The areas/services affected included vehicle fuels, food, and Liquefied Petroleum Gas (LPG).
Community and Society
Government proposes $1.3 billion budget; awaits Senate approval
The proposed 2022-2023 Government of Belize (GOB) budget of $1.361 billion will now be debated in the Senate before the governor general, Froyla Tzalam, issues her consent. On March 24th and 25th, it was debated in the House of Representatives, where the Leader of the Opposition, Honourable Moses 'Shyne' Barrow, criticized it and Prime Minister Honourable John Briceño disagreed.
Business & Economy
SIB reports inflation rates increase; San Pedro feels it more
Figures released by SIB show that the All-Items Consumer Price Index for March 2019 stood at 104.8%, an increase of 0.3 % from 104.5% in March 2018. On average, during the month of Apirl in 2019, the prices of goods and services regularly purchased by Belizean households were 0.3% higher than they were in the same month of 2018.
Business & Economy
SIB’s February report showing negative economic growth: inflation is up, exports and imports down
The latest SIB economic statistics shows that the country’s imports and exports earnings fell sharply.
