The Prime Minister also remarked on the financial generosity of Belize’s bilateral friends, Taiwan. Earlier this month, the Taiwan Government through their Ambassador in Belize donated $60 million dollars which would support the Government’s budget. If you can recall, the Government is facing a severe financial crunch and has had to increase taxes on light bills, imports, beer, soft drinks, fuel and construction material to make up for the financial belt-tightening. But that may not be enough to make up for an increasing budget deficit, so Taiwan has been coming to the rescue. Some pundits believe Taiwan is really providing elections money with the incoming municipal election, but according to the PM, the funds are part of the normal arrangements.
Rt. Honourable Dean Barrow - Prime Minister of Belize
“That is the normal four year framework agreement that we have, the last one came to an end and so this is the new it’s not any new money, is exactly what we’ve getting is just that as I said the last cycle ended and this is the new cycle its nothing new.”
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