ECONOMIC CRASH IN BELIZE IN 5 MORE YEARS

In five more years, it is said the oil will have dried up in Belize and the impact on the economy will be dramatically effected. Estimates ( we lack up to date economic data on the local scene from our government ), the estimates are that the current BUDGETS of Belize are having oil exports contribute between 25% sto 33% to the maintainance of our government. The newly re-elected government run by the UDP and Dean Barrow are going to have the best 5 year term ever for government economics. But by the next election, the loss of a quarter to a third of our economic revenue is going to have a dramatic curtailment on the size of government and the ability to supply services. How our politicians and bureaucrats find a solution to this bureaucratic downsizing over the next 2 to 3 years is probably the biggest challenge this current UDP government faces.