And the PM also made it clear that those same Petrocaribe loan funds – which the Trade Union Congress has said is being legitimized by dubious
legislation – is also indirectly making it possible for teachers and public officers to get a 4% increment this year. He explained that while they are
not being paid with Petrocaribe, Petrocaribe is creating the fiscal room for them to get their raise:…
Dean Barrow - Prime Minister of Belize
"The plain truth is that without the flexibility for government to tap into petrocaribe for capital finances and other non recurring investments, we
would have not been able to commit the portion of incremental revenue for salary adjustments that we have committed. Joe Waight, the financial
secretary will tell you, that we're about to spend another 20-25 million dollars on further salary increases for the teachers and public officers this
year. When do we do it Joe? July retrospective to April 1st. Petrocaribe directly enables us to be able to do that sort of thing."
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