Belize Recent Economic Developments
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 fr...
Corporate Author: | |
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Format: | eBook |
Language: | English |
Published: |
Washington, D.C.
International Monetary Fund
1996
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Series: | IMF Staff Country Reports
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Online Access: | |
Collection: | International Monetary Fund - Collection details see MPG.ReNa |
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 1\2 percent of GDP in FY1990/91 to about 7 1\2 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 |
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Physical Description: | 97 pages |
ISBN: | 9781451805406 |