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#65037 - 03/21/03 06:04 PM Govt. seeks to deal with effects of war
Marty Offline
Govt. seeks to deal with effects of war

With the war in Iraq unfolding on our TV screens, Belize
and
Belizeans can do little more than hope for the best and
prepare for the worst. In the international diplomatic
manoeuvring prior to the U.S. invasion, we managed to
keep
a low profile as the drama played out in the U.N.
Security
Council, a body upon which we do not currently sit.
Today, in
the aftermath of the bombing of Baghdad, the government
has issued a low-key statement on the conflict. It reads
in
part:

"The Government of Belize deeply regrets the failure of
diplomacy and the resort to military force to deal with
the
Iraqi crisis. The global effects of this war are as yet
uncertain,
but it could have a serious effect on all our
economies...In
addition to the impact of the war on the economy, there
could well be serious heightened security concerns for
the
Belizean people."

The release went on to detail steps taken by the
government, including a special meeting of the National
Security Council to assess the situation as well as
increased
security measures at foreign embassies and ports of
entry
to guard against the possibility of terrorism.

Meanwhile, the war's most immediate effects are being
felt
at the gas pump. While government has not yet announced
the retail prices associated with the fuel shipment that
is due
to arrive any time at the Belize City port, sources in
the
petroleum industry have told News 5 that the acquisition

costs are up again: premium by ten cents a gallon,
regular
and kerosene by five point six cents and diesel by nine
cents.
These are acquisition costs, and in normal times the
increases at the pump would be higher, due to the
proportional addition of taxes and mark-ups. But these
are
not normal times, and for the last three shipments
government has absorbed the higher acquisition costs by
lowering its tax bite--taking a hit believed to total as
much
as seventy to eighty cents per gallon. It is clear that
the
Treasury cannot keep this up forever and the question at
this
point is how much of that lost ground will Belmopan need
to
recover. Whatever new prices are set, they will come
into
effect on Saturday.

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#65038 - 03/21/03 07:03 PM Re: Govt. seeks to deal with effects of war
Debbie Offline
Ouch! Looks like Belize is making a nice effort to help it's citizens, but yes, it can't keep it up indefinately. Sorry to hear that. I know large fishing boats will be hard hit. A friend of ours who has a large yacht in Corpus Christi bay that he uses for work, and occasional trips to Mexico, and for recreation, says he gets one mile to the gallon in that boat. Those who do charters for fisherman will be hit hard, and have to pass on the costs.... It will hurt. Corpus Christi has been lucky as the gas pump prices have not gone up as high as in some other places in the US. Currently we are paying $1.69 a gallon. I know this isn't the case in other places. Well just all have to pray that this is over quickly with a minimum of casualties......
Debbie

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#65039 - 03/22/03 04:52 AM Re: Govt. seeks to deal with effects of war
JmHanna Offline
First there was Mitch, Then Kieth, Then 911, Now this.
It is getting impossible to catch up.
_________________________
Jim

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#65040 - 03/22/03 03:19 PM Re: Govt. seeks to deal with effects of war
NYgal Offline
Let's not forget Iris.

How is their growth?

Top

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