PM BARROW POLICIES BEAR FRUIT AND HE GETS ANOTHER 5% POINTS ON HIS REPORT CARD. New Score 15%.

** El Caudillo, Prime Minister of Belize appointed by the Queen´s Commonwealth representative, the Governor General. In the Belize Constitution, voters do not get the opportunity to elect a Prime Minister by popular vote. We need to become a REPUBLIC, or go to PROPORTIONAL REPRESENTATION TO MAKE BELIZE BETTER GOVERNED,MORE EQUITABLY.


PRIME MINISTER, DEAN BARROW OF BELIZE GAINS 5 POINTS ON REPORT CARD WITH 3 RD QUARTER SPEECH. New score 15% and rising.

I caught snippets on cable tv of Dean Barrow our Caudillo, Prime Minister, apparently giving a news announcement to do with the 3 rd quarter economic performance of Belize in sort of general terms.
Both the NEWS he gave and feeling engendered was UPBEAT. FEELY GOOD! His speaking style more laid back, as he seemed more comfortable. He got a bit testy when Jules Vasquez media person got on his case a bit. Generally speaking I was impressed. He didn´t get into any specifics on economics, but just said, that GENERAL REVENUE collections were better than average and doing well. There were other positive news and one expects a political leader in office to talk positively.

With the recent news that our DEBT to GDP ratio has dropped to 58% from 76%, I´m inclined to be less critical. Barrow´s policies have worked out well enough over the past three years. The DEBT RATIO success is more to do with the growth of GDP than any reduction in DEBT LOAD. At a declared 2.5% GDP we need 3.2% GDP and above, to be a success story of government management. Still the debt load ratio is lowering. That is a measure on how well government policies are working in the real world. My guess the OIL revenues are what are pushing us over the success edge? The rest of the economy has recovered and stable since the past two years of his term in world RECESSION. He got through the difficult years, and now we have to build on the 2.5% GDP and get the GDP over into the 3.5% or 3.6% level. That in my opinion can only be done by a concerted effort, emphasizing all manner and ways to create a divesified export manufacturing economy. New oil field will help of course, but such a thing is not long term useful. We need a diversified export base for niche markets.