Saturday, May 25, 2024

ministry of finance

Government of Belize provides Fuel Price Update

The Ministry of Finance announces that effective today, March 24, 2022, the regulated pump price of regular gasoline is now prescribed at $13.50, representing an increase of 66 cents compared to the last shipment Belize received. Not only is this increase entirely attributable to the acquisition costs of the product but in order for the price to be kept at this level, the Government reduced all levies on regular fuel by 29 cents.

European Union Supports Modernisation of Ministry of Finance with New IT – Equipment

To support the modernisation of the Ministry of Finance, Mr. Aniceto Rodriguez, Head of Cooperation of the European Union (EU) to Belize, Jamaica and the Bahamas, handed over to Mr. Joseph Waight, Financial Secretary, new information technology (IT) equipment for the ministry.

The GCF Approves Grant for a National Adaptation Planning Proposal for Belize

The Ministry of Finance, Economic Development and Investment, Belize’s National Designated Authority (NDA) to the Green Climate Fund (GCF), is pleased to announce the GCF’s approval of the National Adaptation Planning Proposal “Enhancing Adaptation Planning and Increasing Climate Resilience in the Coastal Zone and Fisheries Sector in Belize.”

Finance Officers Complete Workshop

A three-day workshop for finance officers in the public service concluded on June 6th, 2020. Sixty-nine officers participated in the event.

Analysis of the State of the Nation’s Economy

As the Government of Belize continues its consultations with social partners in the public and private sector, the Ministry of Finance has released the findings of a preliminary analysis into the state of the nation’s economy to date.According to GOB the average income per person (real GDP per capita) has fallen steadily since 2008, from $7,412 in 2008 to $7,040 by 2019, and then plummeting to $5,843 in 2020.

Changes in the Pump Price of Fuel Effective December 11, 2020

The prices for regular gasoline and kerosene will register increased as follows: Regular Gasoline will increase by 48 cents from $8.61 to $9.09 per gallon; Kerosene will increase by 1 dollar from $4.73 to $5.73 per gallon. The prices for premium gasoline and diesel will remain unchanged at $9.49 and $8.11 per gallon, respectively.

Change in Pump Price of Fuel Products Effective August 19, 2020

The prices for regular gasoline will register a decrease and diesel will register an increase as follows: Regular gasoline will decrease by 14 cents from $8.76 to $8.62 per gallon; diesel will increase by 19 cents from $8.21 to $8.40 per gallon. The prices for premium gasoline and kerosene will remain unchanged at $9.36 and $5.43 per gallon, respectively.

Award of License to Administer the Belize Government Lottery

The Government of Belize, via the Lotteries Tender Panel, has completed negotiations with Brads Gaming Group Limited for a license to administer the Belize Government Lottery for the period of April 1, 2020 to March 31, 2030.