The PUP administration presented its budget for the financial year 2021-2022 during a House Meeting on Friday April 9th. The budget presentation was largely unimpressive with observers stating that it was the most boring presentations ever. And while the reader, Prime Minister Johnny Briceno, could not inspire anyone by his monotonous reading, a portion of the reading did catch our attention. In his presentation he cited that 40% of Government’s indebtedness is as a result of the Superbond.
He broke down the numbers as follows:
“$872 million is owed to our bilateral lenders, 55 percent of which was borrowed under the Petro Caribe Program with Venezuela; while 34 percent of this amount is owed to the Republic of China on Taiwan and the small remainder to other friendly countries.
By Reuters Staff
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BELIZE CITY, Nov 23 (Reuters) - Belize’s Prime Minister Johnny Briceno has tested positive for COVID-19, and will remain in isolation for the following two weeks, after which he will be tested again, the prime minister’s office said in a statement on Monday. (Reporting by Jose Sanchez; Writing by Anthony Esposito)