Trying to Keep Fuel Prices Down

Trying to Keep Fuel Prices Down

And we also asked the Prime Minister about the fuel prices. During his budget speech, PM Briceno said that last year, three million dollars monthly or 100 thousand dollars per day in taxes was foregone by the government to moderate the increase in the pump price of fuel to keep it as stable as possible. Briceno says that the hope is for fuel prices to decrease.

Hon. John Briceño, Prime Minister of Belize: “It’s something that we’d have to take a very hard look at and to see what we can afford. I wish we could give them all the subsidies that they want but the reality is that we have limited fiscal space within the budget and there are so many other needs be it in education, in health, infrastructure, rural development, water systems I mean the list can go on. The UDP has left that in such a bad state look at what was happening with water we have a water crisis right now in the Placencia peninsula, we have a water crisis in Caye Caulker, we’re having a water crisis now in Belize City all because the previous government they were not making the necessary investments that we need to do in the water systems.”

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