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In the 2022-2023 budget, the Government of Belize intends to spend an estimated one hundred and three million dollars on the Capital three program. These are investment funded from external loan grants and resources. A large portion, over fifty percent of those investments are air marked for road infrastructure programs. Additionally, government estimates eighty million […]
Written on March 16, 2022 | Posted in
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The Millennium Challenge Corporation, led by Chief Executive Officer, Alice Albright, is on a working visit to Belize to discuss a new agreement with the Government of Belize. C.E.O. Albright and Prime Minister John Briceño signed an initial agreement earlier today to finance G.O.B.’s initial administrative expenses. The provision of up to seven hundred and […]
Written on March 16, 2022 | Posted in
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Belize’s economic recovery has surpassed all predictions for timelines given by the Briceño Administration and the IMF. It is on this achievement that his government presented its second annual budget in the House of Representatives this morning. it was a full house in Belmopan where the gallery was open to the public for the first […]
Written on March 15, 2022 | Posted in
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PM Briceño also says that the projected performance for fiscal year 2021-2022 is nothing short of spectacular, in terms of the overall budget outlook. Government projects total recurrent revenue of one point two billion dollars. This, says PM Briceño, is nineteen percent higher than the budgeted figure. Additionally, tax revenues reportedly recorded increases. Expenses are […]
Written on March 15, 2022 | Posted in
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While the Briceño Administration takes its victory lap in the Prime Minister’s presentation on its 2021 fiscal performance, Opposition Leader Shyne Barrow is not impressed. According to Barrow, the economic growth that the Briceño Administration boasts of is not an accurate reflection of the relief that Belizeans are seeking from increased prices on the local […]
Written on March 15, 2022 | Posted in
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PM Briceño responded to the Leader of the Opposition’s criticism by conceding that we are not yet out of the woods. But, according to PM Briceño, anyway you look at it, Belize has moved forward over the last year. Prime Minister John Briceño “I always remember what Mr. Price, the Father of the Nation, […]
Written on March 15, 2022 | Posted in
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The new budget targets a primary surplus of fourteen million dollars; some point thirty-five percent of G.D.P. The overall deficit is projected at ninety-eight million dollars or two point five percent of the G.D.P. The Briceño Administration proposes to retire ninety-seven million dollars in public debt in the year 2022, a projected increase of over […]
Written on March 15, 2022 | Posted in
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Comments Off on 2022-2023 Budget to “touch lives in a positive way”, Says PM Briceño
Prime Minster John Briceño is preparing to meet with social partners on Wednesday to address the rising cost of fuel. Affected by several external factors, including the illegal invasion of Ukraine by Russia, fuel prices have reached an all-time high. Hard on the heels of the pandemic’s harsh financial constraints, Belizeans are feeling the pinch. […]
Written on March 15, 2022 | Posted in
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Comments Off on PM Briceño to meet with Social Partners on Increasing Fuel Prices
And, the Leader of the Opposition says, it is high time the government seek to address the rising cost in fuel. Barrow reminded reporters that he has been advocating on behalf of the Belizean people on this issue since becoming a member of the House. Moses “Shyne” Barrow, Leader of the Opposition “Every since […]
Written on March 15, 2022 | Posted in
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The injunction that has been placed on the disbursement of one point five million dollars among stevedores by the Supreme Court expires on Wednesday. It follows an application by attorneys on behalf of Port of Belize Limited which seeks to block the payment of funds to members of the Christian Workers Union. Those monies are […]
Written on March 15, 2022 | Posted in
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Comments Off on Briceño Administration Introduces Supplementary Bill for Stevedore Compensation
Last week, bus operators threatened the government that they would go on strike if their demands for either a reduction in fuel prices or permission to raise bus fares on commuters were not forthcoming. The representatives of the bus operators met with the Ministry of Transport to discuss their concerns, and today Minister Rodwell Ferguson […]
Written on March 15, 2022 | Posted in
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Comments Off on Will Bus Fares Go Up, Or Will Fuel Taxes Be Subsidized?
The budget is to be presented at the House of Representatives on Tuesday as the Briceño administration charts the 2022 fiscal year. News Five will have coverage of that presentation, but one huge concern to most Belizeans is the cost of fuel, which is at its highest in decades. Fuel prices are at or passed […]
Written on March 14, 2022 | Posted in
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Comments Off on Tracy Panton Says “Hold PM Briceño to His Word” for Fuel Prices
There will be a special sitting of the House of Representatives on Tuesday during which the 2022 Budget will be presented. During tomorrow’s house meeting, a new law pertaining to the legalization of cannabis, as well as the creation of an industry to support cultivation and commercial sale, will also be introduced. It’s a controversial […]
Written on March 14, 2022 | Posted in
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The National Evangelical Association of Belize is firmly against the legalization of marijuana, as well as a government-sponsored marijuana industry. In a release issued earlier today, NEAB reiterated its position, citing a previous piece of law that was introduced in parliament and failed to get approval in the senate. The statement goes on to say, […]
Written on March 14, 2022 | Posted in
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The World Bank’s Board of Executive Directors has approved financing of twenty-five million Belize dollars for the Belize Climate Resilient and Sustainable Agriculture Project. According to a release from the World Bank, the project will provide seven thousand farmers with weather data and technical information to help improve yields for crops and livestock and facilitate […]
Written on March 14, 2022 | Posted in
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It seems Belize will soon begin to feel some effects of Russia’s invasion of Ukraine. That is because one of the first things such conflicts trigger is a hike in fuel prices. If the latest price hikes on fuel are not bad enough, the road ahead for some small businesses looks rocky. Today News Five’s […]
Written on March 10, 2022 | Posted in
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Comments Off on Belizean Consumers Brace for Inflated Prices Due to Russian Invasion
A stakeholders consultation was held this morning to discuss the issue of child poverty in Belize. Under the theme “From Deprivation to Inclusion: Beyond Measuring Child Poverty in Belize”, the ministries of Economic Development and Human Development partnered with UNICEF to focus on ways in which child poverty can be reduced. Dr. Osmond Martinez, […]
Written on March 10, 2022 | Posted in
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This week some bus operators began contemplating going on strike after their demands for an increase in bus fares were not met with an immediate approval by the Minister of Transport. The bus operators contend that the constant increase in fuel costs has made the business unprofitable and they are being forced to raise ticket […]
Written on March 10, 2022 | Posted in
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And, from increases in fuel prices we move to an increase in the price of Liquefied Petroleum Gas. The Supplies Control Unit in the Ministry of Agriculture, Food Security and Enterprise informed Belizeans today that effective Friday March eleventh; new fixed controlled prices will be introduced for the sale of L.P.G. The new prices reflect […]
Written on March 10, 2022 | Posted in
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Comments Off on L.P.G. Prices Jump by 42 Cents a Gallon
At its last meeting, Cabinet also recommended that the Cannabis Control and Licensing Bill be introduced at the next Sitting of the House of Representatives. Upon adoption of the Cannabis Control Bill, the licensing of the Cannabis industry and the establishment of necessary legislative framework will be undertaken. This is to govern and control how the […]
Written on March 8, 2022 | Posted in
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Comments Off on Ministry of Blue Economy Gets Approval to Establish Mariculture Policy
The new Minimum Wage Task force held its first meeting on Wednesday. Today News Five spoke to Minister Oscar Requena, Minister of Labour. He says the work of the task force should be completed by the end of 2022. Oscar Requena, Minister of Labour “As you are aware, under Plan Belize we committed to […]
Written on March 3, 2022 | Posted in
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Comments Off on Minister of Labor Comments on Minimum Wage Task Force
The rate of inflation was a key issue during the recent Cabinet retreat. Prime Minister John Briceño says while there are many factors that have led to the high cost of living – some global – there are measures that the government can take to ease the burden on consumers. Prime Minister John Briceño […]
Written on March 2, 2022 | Posted in
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Comments Off on PM: Government Will Address Inflation
Fuel prices are on the rise, and it is expected that those figures will go even higher before consumers will see a decline. This is because the world prices are already up and, with the conflict between Ukraine and Russia; the implications are that within a few weeks, inflation of fuel and other imported commodities […]
Written on March 1, 2022 | Posted in
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Comments Off on Brace Yourself for Higher Fuel Prices
If you don’t have a motor vehicle, you might say that rising gas prices do not affect you, think again. If you commute via public transportation or taxi, it is very likely that your bus and cab fare will increase. News Five spoke with Transport Minister Rodwell Ferguson who says that he has already been […]
Written on March 1, 2022 | Posted in
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In his press statement on Monday, Prime Minister John Briceño indicated that following his recent meeting with the I.M.F., Cabinet made some pragmatic decisions regarding the new National Budget. The PM said that the most vulnerable people will be included in a social policy agenda that will seek to also expand the National Health Insurance. […]
Written on March 1, 2022 | Posted in
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Comments Off on PM: New Budget Brings Relief to Most Vulnerable
