Thursday, June 14, 2012

BELIZE GOVERNMENT ON OFFICIAL 5 YEAR AUSTERITY PROGRAM.

BELIZE OFFICIALLY ON 5 YEAR AUSTERITY SPENDING PROGRAM.
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  Belize has an unsustainable debt.  Nowadays any infra-structure programs are done either by LOANS, spending future possible earnings, or through GRANTS, the more favored method. 
The only way Belize can get out of this unfavorable financial situation is by GROWTH.
  Growth must come from new export businesses.  Mostly these are envisioned as by agro-processing finished processed food products, or through light manufacturing.  Light manufacturing has it's adherents and some people are interested in export solar panels to Guatemala and Salvador.  Cheap cardboard telescopes have also been mentioned for an internet world market of about 20,000 per month.  Sources of materials, tools and other necessities are the major obstacles. There is no government funding available to bootstrap, jump start, such enterprises.  One such suggestion was made, to hire two Bachelor Degree guys and have them do all the research for Business Plans, Feasability Studies, material sources, equipment sources, Market studies, etc.  Print same in a booklet and distribute quarterly around the nation.
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  We know of THREE ELECTION SUBJECTS WERE A FRAUD, TO GAIN VOTES.  One was the use of the DREDGE at Caye Caulker to fill about 200 yards of beach reclamation, where actually there is six months work is needed.  Soon as the election was over, the dredge disappeared and was recalled.  Another was the idea of a SURVEY of Rosewood forest resources, which has also been cancelled now the election is over, for lack of money they say in GOB.  At the time ROSEWOOD EXPLOITATION in a raw state was sanctioned by the government against public outcry.
Can't remember the third item.  But AUSTERITY and LACK OF MONEY is hampering the functioning of government.
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  The OPPOSITION PUP are claiming there is no BUDGET for this year yet.  Also that the government has a $15 million shortfall from over spending.
 

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