Belize: Recent Economic Developments
June 21, 1996
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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.
Subject: Agricultural commodities, Commercial banks, Commodities, Economic sectors, Exports, Financial institutions, Imports, International trade, Public sector
Keywords: Agricultural commodities, Central America, commercial bank, Commercial banks, CR, debt service, EPZ firm, Exports, free market, Imports, income tax, interest rate, ISCR, last quarter, primary sector, Public sector, rate of return, textile company, U.S. dollar
Pages:
97
Volume:
1996
DOI:
Issue:
049
Series:
Country Report No. 1996/049
Stock No:
1BLZEA0011996
ISBN:
9781451805406
ISSN:
1934-7685
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.
