PMAs mentioned at the top of the newscast, the House of Representatives met today at Belmopan and among the presentations included the introduction of new bills being the Electricity Amendment Bill 2014 and the Belize Telecommunications Amendment Bill 2014. Bills were also presented for second reading and these included the Insurance amendment Bill 2014 and the Gaming Control Amendment Bill.

 

Yet these were not the most outstanding issues brought up in the house. We have been following the developments within the sugar industry in the north and currently, we can say that there are a few hurdles the Belize Sugar Cane Farmers Association has to deal with. Their debt to the government however is no longer of any concern as today the Government moved to write off yet another lump sum of monies owed to them. We are talking about the cancelation of a loan balance of $835, 543 dollars owed to government.

 

The loan dates back to the 1980’s when the loan was made to combat the smut disease that was affecting the sugar cane. According to the PM, the move was made to help promote the sugar industry and offer the association some monetary relief. That was not the only move made by government at the house sitting today. The PM also announced that it will convert monies owed to government by the Belize Water Services into a grant. That amount is at a total of twelve million two hundred sixty-nine thousand nine hundred fifty-six dollars and fifty-five cents. The PM indicated that the move was made in efforts of avoiding an increase in water tariffs and to also enable the water company to continue its expansion of water and sewage systems in Belize City.

Share this post

This content has been locked. You can no longer post any comment.

Headline News