The annual exercise known as the budget preparation is well underway in Belmopan. Prime Minister and Minister of Finance Dean Barrow today confirmed that the numbers are being compiled and that in the coming weeks, he will be going to parliament to lay out the government’s fiscal plan for the next financial year starting on April first. The Prime Minister says he will have to do some domestic borrowing to plug expected budgetary shortfalls.

The budget for fiscal year 2013-2014 is tentatively scheduled for presentation to the House of Representatives on March first, with the debate expected to take place just before the Easter holidays at the end of next month.