By Zoila Palma: Today on Open Your Eyes morning show, Prime Minister John Briceno explained that fuel prices that ultimately contribute to higher cost of living continues to rise globally due to world issues including the war in Iran.
“You know what is going on worldwide. The price of diesel continues to go out worldwide because of war in Iran. And they are at a stalemate and nobody wants to step back. Whilst that is happening the rest of the world is punishing and small open economies like Belize are the ones that continue to pay the biggest price,” the Prime Minister explained.
“We have been saying over and over that successive governments have depended a lot on the taxes of fuel why because when it comes in you know if a million gallons come in, you collect. What we have been doing, the only thing we can do is cutting down the tax. Cutting down the tax right now on diesel I think is below $2,” he added.
However, the Prime Minister added that cutting the taxes also means cutting some social services since Government is unable to spend money that is just not there.
PM Briceno said that the Government continues to look at strategic and creative ways to be able to alleviate the higher cost of fuel and cost of living.
“We can’t spend what we don’t have. We believe it, we feel it, people come to us everyday. People are asking for different kind of assistance. How can we help relieve the pain,” the PM said.
The post PM says Government exploring ways to ease rising fuel prices due to global pressures appeared first on Belize News and Opinion on www.breakingbelizenews.com.
By Zoila Palma: Today on Open Your Eyes morning show, Prime Minister John Briceno explained that fuel prices that ultimately contribute to higher cost of living continues to rise globally due to world issues including the war in Iran. “You know what is going on worldwide. The price of diesel continues to go out worldwide
The post PM says Government exploring ways to ease rising fuel prices due to global pressures appeared first on Belize News and Opinion on www.breakingbelizenews.com.
