Belize’s new fiscal year starts on April 1. For this year the Barrow administration has estimated that there will be a total expenditure in the country of one point three-six-two billion dollars. For revenues and grants, the Government estimates that for the new fiscal year it would amount to one point two-three-nine billion dollars. These are large figures but according to Prime Minister Belize, they will be realized with absolutely no increases in taxes.
With this being the 13th and final budget presented by Dean Barrow as the Prime Minister of Belize, he did not miss the opportunity to boast of the prudence exercised by his administration.
As it relates to the economy, Prime Minister Barrow says there will be challenges due to drought and the impending coronavirus but it is anticipated that the country will perform well.
The budget will be debated on March 19 and 20, 2020.