Parallel to the concerns on the Superbond are the fears over what will be proposed in the next fiscal year when Prime Minister Dean Barrow reads the budget in March or April this year. With the current economic conditions slipping into extended recession, and the Government facing rising debt, there seems to be no other option but to implement tougher measures for Belizeans. PUP Leader John Briceno also discussed what he expects will be in the UDP’s next budget, and he advised Belizeans to brace themselves.
Honourable John Briceno - Opposition Leader People’s United Party
“The UDP has ran the economy to the ground, they have made some terrible decisions, they have been just fighting and fighting with everybody, the minute you don’t agree with the Prime Minister or with the UDP they attack you and if they can’t attack you in your house they attack you in court instead of looking at what is it that they need to do to get the economy growing, to get out of this mess that they have created, just in December the government had to print money, they issue about 37 million dollars of treasury bill and treasury notes through the central bank so that they could meet salaries they are even collecting enough monies to be able to meet their payroll that is how bad it is and from the UDP’s perspective from what I am seeing right now that the UDP only has two options; (1) they have to increase taxes, they’ve been doing that through fuel as it is right now Belize has the third highest cost for fuel next to Cuba and Argentina in the entire Americas so they have to raise taxes and I don’t know how much more they can raise taxes on fuel because it is hurting the productive sector and it is hurting Belizeans that have to get into the bus because they have to pay for the fuel so they have to be looking at the GST , the IMF has been telling them for the longest that they have to raise taxes or that they have to raise the GST or they going to find other places to cut or to raise taxes so they could raise taxes or the other option is for them to be able to retrench that is what they did, the UDP under Esquivel and Dean Barrow as the Deputy Prime Minister so he know about doing that running out of options very fast.”