Archive for February, 2011

Belize and Costa Rica to boost convention against racism

Friday, February 25th, 2011

As part of the activities aimed to celebrate the United Nations International Year of the Afro-descendants, the governments of Belize and Costa Rica will boost the approval of the “Inter American Convention against Racism”.

On February 24, Costa Rica’s Foreign Ministry announced that the Afro-Costa Rican National Commission was established to be responsible for the celebration of the International Year held this year. Costa Rican Foreign Minister Rene Castro together with former lawmakers and directives will be co-presidents of the commission.

It is worth noting that Caribbean there are more than 150 million Afro-descendant people in Latin America and the.

No new taxes planned in Belize

Friday, February 18th, 2011

When discussing Belize’s fiscal policy ahead of the Budget, which is scheduled for March 11, Belize Prime Minister said that the government is not planning any new taxes in the coming fiscal year as tax revenues rebound.

During a question and answer session with journalists, Belize Prime Minister Dean Barrow revealed that in the previous year the deficit had narrowed significantly, and following a surge in tax revenues, an increase of BZ$ 44.5 million (which is around USD 22.8 million), over the year to BZ$ 554.8 million, Belizean finances are in good condition.

Prime Minister noted that General Sales Tax receipts grew by just under 17%, with the tax-take from business taxation and royalties combined nearly doubling year-on-year.

Barrow announced: “We are moving right along and we expect that this will be a good budget. Certainly and principally because I repeat what I said a couple of weeks ago; there are going to be no new taxes for the Belizean people for this fiscal year”.