Belize : Recent Economic Developments

Information about Western Hemisphere Hemisferio Occidental

Journal Issue

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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Belize: Recent Economic Developments

Belize: Recent Economic Developments