IMF Staff Country Reports

IMF Staff Country Reports
Journal
Publisher:
International Monetary Fund
ISSN:
1934-7685
IMF Country Reports cover economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
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Belize : Recent Economic Developments

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Belize : Recent Economic Developments
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Volume/Issue:
1996/49
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
June 1996
DOI:
http://dx.doi.org/10.5089/9781451805406.002
ISBN:
9781451805406
ISSN:
1934-7685
Page:
97
This paper describes economic developments in Belize during the 1990s. Following a strong performance in the late 1980s, Belize's economy weakened in 1991-93, mainly because of a substantial deterioration in the fiscal position. The overall deficit of the nonfinancial public sector increased from 1/2 percent of GDP in FY1990/91 to about 71/2 percent in FY1992/93 owing to a substantial increase in the government wage bill and in domestically financed capital outlays. The net domestic assets of the financial system increased by about 20 percent a year during 1991-93.
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