Previous Thread
Next Thread
Print Thread
Budget: “Bouncing Back – A Bold Belizean Recovery” #522279
03/13/17 02:43 PM
03/13/17 02:43 PM
Joined: Oct 1999
Posts: 59,369
oregon, spr
Marty Offline OP

.
Marty  Offline OP

Prime Minister announces limited tax measures in Budget

Prime Minister Dean Barrow announced that the Government has listened to the views of the private sector and the trade unions through budget consultations that Ministries and Departments must aggressively curtail costs before seeking additional revenue collections. Cabinet has ordered a freeze of expenditure in the current fiscal year for non-essential goods and services and plans to "intensify" its campaign to trim expenditure fat, as the short-term freeze in the last year did not completely reduce actual expenditure.

The Minister of Finance confirmed that statutory boards are hereafter required to contribute 10 percent of their 2017/18 income to the Consolidated Fund. If the expenses of these quasi government entities cannot be as vigorously policed as Ministries and Departments, then the next best alternative is to reduce their income flows. A bill to that effect will be introduced later in today's House meeting.

The following are the other related tax measures as outlined by Prime Minister Barrow:

  • Adjust the excise levy on aerated water, beer and stout, cement and fuel to generate 0.77 percent of GDP
  • Amend the departure fee for non-Belizeans to $40 to yield 0.30 percent of GDP “ Bouncing Back – A Bold Belizean Recovery “ 16
  • Bump the environmental charge on imported goods by 1 percent producing 0.41 percent of GDP
  • Shift the social fee on Free Zone cigarettes to 20 percent, generating 0.29 percent of GDP
  • Lower the tax threshold for electricity consumption from $200 to $100 yielding 0.19 percent of GDP
  • Amend by 50 basis points the stamp duty on foreign exchange permits to yield 0.22 percent of GDP

Taken together, supplementary revenues will increase by 2.2 percent of GDP which, when combined with our cost containment efforts, will produce an overall adjustment of over 3 percent of GDP for FY 2017/18.


Re: Budget: “Bouncing Back – A Bold Belizean Recovery” [Re: Marty] #522313
03/15/17 06:17 AM
03/15/17 06:17 AM
Joined: Oct 1999
Posts: 59,369
oregon, spr
Marty Offline OP

.
Marty  Offline OP

Re: Budget: “Bouncing Back – A Bold Belizean Recovery” [Re: Marty] #522324
03/16/17 04:53 AM
03/16/17 04:53 AM
Joined: Oct 1999
Posts: 59,369
oregon, spr
Marty Offline OP

.
Marty  Offline OP



Links
Portofino Resort- Now with a new BEACH BAR!!
Click for excellent scuba lessons with Elbert Greer!
Chaa Creek is an award-winning luxury Belize Resort, rated as one of the worlds best Eco Lodges. We are a pioneer in adventure travel to Belize since 1981!

Things to do

News
Daily News
Daily Weather

Classified Ads
BelizeNews.com
San Pedro Sun
Ambergris Today
SP Town Council
Channel 7
Channel 5
Amandala
ReefTV
Love FM
The Reporter
PLUS TV
TV Newscasts
Radio Stations

Click for our
Search thousands of Belizean-only websites

Event Guides
Event Calendar
Specials & Events
Things to Do
SanPedroScoop
iTravel Belize
Paradise Theater
Paradise Guy Event Calendar

Blogs
San Pedro Scoop!
Tia Chocolate
Tacogirl
My Beautiful Belize
I-Travel Belize
Belize Adventure
Belize Hub
Romantic Travel
Bound for Belize
Conch Creative
As The Coconuts Drop
More Blogs...
Search thousands of Belizean-only websites
White Sands Dive Shop - 5 Star PADI Dive Facility - Daily diving, SCUBA instruction and Snorkeling
Caribbean Inspired All Natural Condiments & Spice Blends, Over 100 are Gluten Free!
We manage a variety of homes, apartments, condos and commercial properties here on Ambergris Caye. Our minimum lease on ALL properties is six months.
Click for Ian Anderson's Caves Branch, Welcome to a World of Adventure
Lil Alphonse has snorkel equipment to fit anyone as well as Marine Park Tickets and flotation devices to assist those not as experienced.
Coastal Xpress offers a daily scheduled ferry run to most resorts, restaurants and private piers on the island of Anbergris Caye. We also offer  private and charter water taxi service.
October
S M T W T F S
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31
Cayo Espanto
Click for Cayo Espanto, and have your own private island
More Links
Click for exciting and adventurous tours of Belize with Katie Valk!
Mini Chat
Who's Online Now
0 registered members (), 152 guests, and 9 spiders.
Key: Admin, Global Mod, Mod
Forum Statistics
Forums44
Topics67,751
Posts471,704
Members19,273
Most Online1,262
Jun 10th, 2007



AmbergrisCaye.com CayeCaulker.org HELP! Visitor Center Goods & Services San Pedro Town
BelizeSearch.com Message Board Lodging Diving Fishing Things to Do History
BelizeNews.com Maps Phonebook Belize Business Directory
BelizeCards.com Picture of the Day

The opinions and views expressed on this board are the subjective opinions of Ambergris Caye Message Board members
and not of the Ambergris Caye Message Board its affiliates, or its employees.

Powered by UBB.threads™ PHP Forum Software 7.6.1.1