BELMOPAN, Belize (CMC) – The Belize government has presented a BZ$934.3 million tax free budget to Parliament on Friday (One Belize dollar =US$0.49 cents).
“The fiscal cliff is not for the United Democratic Party,” Barrow told parliament, adding that preliminary estimates compiled by the Statistical Institute of Belize showed that the local economy had grown by five per cent during 2012 well above the 1.9 per cent recorded for 2011 and just about the best in the Anglophone Caribbean.
http://www.jamaicaobserver.com/news/Belize-government-presents-tax-free-budget
One must note that just two weeks ago the Belize Government force bond holders to take a 10% hair cut on the principal owing, which according to the reports will result in significant losses to bond holders.
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Warren's Blog 
With a moderate debt of 54% of GDP and a relatively significant budget surplus the government of Brazil can afford to implement a stimulus program to further boost economic growth. In comparison to last year public revenue has been kept approximately stable while government revenue is being increased. I wish we could do this in Jamaica but we simply cannot.