Belize: Staff Report for the 2006 Article IV Consultation

October 20, 2006

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Belize: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 25, 2024

Summary

Overly expansionary macroeconomic policies contributed to a widening of current account deficits, an unsustainable buildup of public debt, and the erosion of international reserves. The Belize government has already made commendable strides in correcting macroeconomic imbalances, based on measures to increase tax collection, rein in discretionary current expenditure, and cut capital expenditure. However, these efforts alone are not sufficient to bring the public finances and the balance of payments back on a sustainable path; supportive structural reforms in the fiscal and monetary areas should be implemented.

Subject: Debt service, Economic sectors, External debt, Public debt, Public sector, Revenue administration

Keywords: Belize authorities, Caribbean, Cash reserve asset, Central America, CR, Debt management practice, Debt service, Deficit, Global, Government, Government organization, ISCR, Liquid asset, Monetary policy, Public sector

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/369
Stock No:

1BLZEA2006001
ISBN:

9781451805536
ISSN:

1934-7685

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