Posted: Wednesday, November 18, 2020. 4:57 pm CST.
By Aaron Humes: New Prime Minister, John Briceño, has released his first national address, giving an update on the state of affairs with the economy and national finances.
At Monday’s Cabinet meeting, members heard that the state of economic affairs was poor, to say the least. Revenues have tumbled by nearly a quarter or over $166 million – worse than expected, according to Briceno.
And Government has “maxed out the credit card,” as Briceno puts it: the former administration borrowed as much as $30 million per month just to meet public service salaries.
On the COVID-19 front, a comprehensive plan for fighting the spread of the virus is being created by the new Minister of Health and Wellness Michel Chebat, in consultation with his team of advisers.
More to come.
Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt [email protected] оr саll uѕ аt 501-601-0315.
© 2020, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.
Credit: Source link