newspaper mockup Senate Debates the Belize City Municipal Paper Bill

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The Belize City Council during this time of the year faces cash flow problems caused by the ‘seasonal nature of tax collections’. Earlier this year, instead of resorting to high-cost traditional overdraft bank facilities and extensive property discounts, the Belize City council decided to float a municipal paper which was authorized by Central Government. The Belize City Municipal Paper Bill was today also debated by Senators in Belmopan. The bill establishes the Belize City Municipal Paper and a Belize City Interest Reserve Fund. This will allow for short-term financing which would, in turn, facilitate the Belize City Council to access cheaper money. It will also improve the council’s cash management system.

newspaper mockup Senate Debates the Belize City Municipal Paper Bill
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News & Politics	Upload TimePublished on 2 Sep 2019

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