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Can Government Account for Spending from Increased Fuel Revenues?

For the latest news across Belize, visit: http://edition.channel5belize.com/ For a country that imports far more than it exports and has for all of its existence, fuel is particularly important. Belize has for the past decade or so taken advantage of a cheaper source of fuel from Venezuela via Curacao under the Petrocaribe accord. Belize has outstanding loans under that program at what the Government has described as minimal interest. But more recently, according to the Government, Belize has been importing limited fuel supply from the United States via Houston, Texas, and in the aftermath of Hurricane Harvey’s destruction of that city, from El Salvador overland. Last week the Government announced prices would go up, but a week has gone by without any further notice. Questions have been raised about the near-fifty percent cut of taxes that goes to Government from the pumps, raised at Budget time in March to cover revenue shortfalls. Senator Lizarraga says that not only should those taxes be reduced, the Government should be made to answer how it has spent the revenue attained from them.