PM Briceño Unveils $1.9 Billion Budget for 2026–2027 Fiscal Year | PT 1
Автор: Love FM
Загружено: 2026-03-10
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Prime Minister John Briceño today presented a comprehensive $1.902 billion national budget for the 2026/2027 fiscal year. Titled "Budgeting for Belizean Prosperity," the proposal highlights a "seminal surge" in the national economy, with a reported historic unemployment low of 2.0%. The budget outlines total revenues and grants of $1.79 billion, an 8.5% increase over the previous year, driven by economic growth and improved collection efficiencies. Recurrent expenditure is set at $1.296 billion, while capital investments see a significant boost to $606.8 million. Prime Minister Briceño emphasized his administration's "meticulous" approach to debt management, reporting that the public debt ratio has been slashed in half since 2020. The Prime Minister further noted that Belize's debt is now viewed as sustainable by international rating agencies and the IMF. The government aims to continue this downward trajectory, targeting a debt-to-GDP ratio of 50% by 2030.
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