Barrow: Read my lips, I will not raise taxes…except for gas taxes.
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According to the Economist Intelligence Unit, the GOB has pledged not to raise the general sales tax (GST)in the 2010/11 financial year.
This decision was made even though the IMF, in their latest report on Belize’s …

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The Economic Value of Protecting the Environment

Belize is in the interesting position of being one of the global leaders in eco-tourism.  Much of the Belizean economy is dependent on tourism dollars.   As such the government is put in the precarious position of balancing current development against the potential damage  development can have to the environment.  It’s a classic case of the goose that laid the golden egg; Belize must find ways to sustainably exploit its  rich natural heritage while not ruining the very thing that tourists pay to see–a natural paradise.  Current studies make this easier as the value of protection is quantified.

Emily of the World Resources Institute, an environmental think-tank, put some  figures on the value of tourism, recreation, fisheries and shoreline protection in Belize. It was an impressive $395m to $559m. The entire economy was worth about $1.3 billion in 2007. These figures, she thinks, have allowed environmentalists to protect Belize’s threatened mangrove forests better.

Red Footed Booby--One of the many birds that call mangroves home

For a full look at the Emily Cooper’s report check out : Belize’s Coastal Capital: The Economic Contribution of Belize’s Coral Reefs and Mangroves

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