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Overly expansionary macroeconomic policies contributed to a widening of current account deficits, an unsustainable buildup of public debt, and the erosion of international reserves. The Belize government has already made commendable strides in correcting macroeconomic imbalances, based on measures to increase tax collection, rein in discretionary current expenditure, and cut capital expenditure. However, these efforts alone are not sufficient to bring the public finances and the balance of payments back on a sustainable path; supportive structural reforms in the fiscal and monetary areas should be implemented.

Finance --- Debts, Public --- Debts, Government --- Government debts --- National debts --- Public debt --- Public debts --- Sovereign debt --- Debt --- Bonds --- Deficit financing --- Funding --- Funds --- Economics --- Currency question --- Belize --- Balize --- Belice --- Government of Belize --- Wilisi --- Beliz --- Беліз --- Belisa --- Белиз --- Република Белиз --- Republika Beliz --- Commonwealth of Belize --- Μπελίζε --- Belizo --- Belici --- Belis --- Bheilís --- Veleesh --- Beilise --- בליז --- Beliza --- Belizas --- Белизе --- ベリーズ --- Berīzu --- Beles --- Bilisi --- Белізе --- Belizi --- Bhelizi --- Belise --- Belisän --- Beliis --- בעליזע --- בּעליז --- Belėzos --- 伯利兹 --- Bolizi --- British Honduras --- Economic conditions. --- Economic policy. --- Budgeting --- Exports and Imports --- Macroeconomics --- Public Finance --- Business and Financial --- International Lending and Debt Problems --- Debt Management --- Sovereign Debt --- Taxation, Subsidies, and Revenue: General --- Public Enterprises --- Public-Private Enterprises --- Fiscal Policy --- Public finance & taxation --- International economics --- Civil service & public sector --- Budgeting & financial management --- External debt --- Debt service --- Revenue administration --- Public sector --- Economic sectors --- Debts, External --- Finance, Public --- Revenue