7 News Belize

PUP Says Bank Charges Reflect Lack Of Economic Creativity
posted (July 3, 2019)

For many business owners, those fees are like another tax - and today the PUP leader blamed, who else? The government:

Jules Vasquez
"These odious bank fees that the Central Bank has introduced at 25 and 50 cents and the banks being rapacious and usurious as they are increased it to 2 dollars, 3.75, 4 dollars and it's affecting a lot of small businesses, it's affecting everyone. Is that something you can speak on Mr. Leader?"

Hon. John Briceno - Leader of the Opposition
"That is the very point that we're bringing across, that we've been talking about. That we have just a tax and spend government, they find any which way they can get their hands into the pockets of the Belizean people and you say well Central Bank is taxing them but at the end of the day the profits of Central Bank is transferred to central government. So again, this is an indirect tax from this government."

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