Briceño Administration Faces Major Financial Headwinds

For the latest news across Belize, visit: http://edition.channel5belize.com/ Like the Prime Minister, Minister of State in the Ministry of Finance Christopher Coye is predicting major headwinds in the future. Coye appeared on Open Your Eyes this morning where he described…

Briceño Administration Faces Major Financial Headwinds

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For the latest news across Belize, visit:
http://edition.channel5belize.com/

Like the Prime Minister, Minister of State in the Ministry of Finance Christopher Coye is predicting major headwinds in the future. Coye appeared on Open Your Eyes this morning where he described the challenges that the government is facing on both the micro and macro levels. He revealed that by day’s end on Thursday, the economy would have shrunk by an unprecedented seventeen point one percent. He also revealed that the debt to GDP ratio continues to grow and currently stands at one hundred and thirty-four percent. From a fiscal standpoint, Coye says that the country is weak.

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