Belize : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

June 21, 1996

Summary:

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 ½ percent of GDP in FY1990/91 to about 7½ 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.

Series:

Country Report No. 96/49

Subject:

Notes:

This report was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

English

Publication Date:

June 21, 1996

ISBN/ISSN:

9781451805406/1934-7685

Stock No:

1BLZEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

97

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