Belize:Technical Assistance Report-Public Investment Management Assessment

Technical Assistance Report-Public Investment Management Assessment

Volume/Issue: Volume 2020 Issue 221

Publication date: July 2020

ISBN: 9781513550954

$18.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , ISCR , CR , investment project , management process , cash flow , Project implementation , budget preparation document , investment plan , investment portfolio , investment priority , budget document , public investment , fiscal year , Public investment and public-private partnerships (PPP) , Public investment spending , Budget planning and preparation , Capital spending , Capital budget , Central America

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Summary

The level of public investment in Belize has varied over the past years in the context of existing constraints. The sharp increase in public debt has limited available fiscal space.1 This has resulted in an increase in externally financed investments as a share of the capital budget and a growing interest in public private partnerships (PPPs) to help achieve the government of Belize’s national strategy objectives.2 However, the correlation between Belize’s public investment and GDP growth remains weak, and the public capital stock as a ratio to GDP shows a sharp deterioration, possibly pointing to investment inefficiencies.