7 News Belize

Hon. Julius: Bare Bones Budget
posted (March 23, 2018)
And the subject of "poor people" is one much discussed in the two days of debate - with both sides claiming the moral authority to speak for them.

PUP Cayo South Representative Julius Espat said it is a case of the government sucking them dry:..

Hon. Julius Espat, PUP Cayo South Rep.
"This budget now a days Madam Speaker is all bone, all bone, no meat in the ham."

"The national debt is approximately $3.5 billion dollars. The external public debt is approximately $2.5 billion dollars and this amounts to about 66.8% of GDP. Our domestic debt amounted to about $1.026 billion dollars which is about 27.2% of GDP. We add this up and this year we have approximately 93.8% of GDP Madam Speaker which is more than last year and it keeps increasing. This is quite alarming. It is alarming because we keep borrowing to be able to try and grow this economy."

"I am saddened that the PM and his cabinet with their billion and odd dollar budget doesn't have vision, they are not looking at how we can move forward, how can we better the lives of our people, they are only seeking in how to suck us dry, they want to suck every little bit they can from us."

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