Wednesday, May 22, 2024

Joseph Waight

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.

“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.

Decline in oil prices drastically affect PetroCaribe funds

With oil prices declining, the Venezuelan Government is preparing for an economic setback and possible humanitarian crisis which will be affecting the PetroCaribe Loan agreement.