The People’s United Party is looking to release their plan for Belize’s economy within the next few days. Leader of the Opposition, John Briceno says there is a PUP team working on the proposals to rebuild the country’s economy. It is quite a task as Belize has been placed in great debt due to the Covid-19 endemic. It is a situation that international organizations say could last up to two to three years before a vaccination is developed. When asked about the PUP’s plan, Briceno echoed what the Prime Minister noted in his last press conference regarding the boosting of other industries to inject new money into the economy. Here is how Briceno puts it.
Hon. John Briceno, Leader of the Opposition, People’s United Party: “I don’t think we – I haven’t seen what is it that the Chamber is proposing so we do plan to sit with the Chamber shortly but we do believe that there are certain options and we are working on our economic plan and we’ll be presenting it quite shortly and we’re going to make it public so that everyone can see, how is it that we’re going to create jobs, how is it that we’re going to grow the economy, how is it that we can ensure that whilst tourism will continue to be an important industry in this country but for us to ensure that we would never be faced with this crisis again where one industry represents over 40% of GDP. It’s not that we want to reduce, what the tourism industry gives to be Belize but that we have to grow the other sectors of the industry so that when tourism whilst it can continue to grow, it may not remain at 40%, so that we’re not solely dependent on any one industry.”
Both Briceno and Prime Minister Barrow spoke of enhancements in the agricultural sector for additional revenues. Currently Belize is investing in the hemp industry as a step toward an increase in national revenues.