Debt Hampers Fiscal Progress

BMI View: Despite running a consistent primary surplus, Belize's fiscal accounts remain a long way from healthy, as expenditures continue to rise and the still-recovering economy inhibits revenue growth. Coupled with a hefty - and rising - debt repayment schedule, this is set to keep the nominal balance firmly in the red over the medium term, with high oil prices presenting further downside risks.

To read the full article, please choose one of the following options: