Balance of Payments

Balance of payments figures also improved in the mid-1980s. From 1980 to 1984, Belize incurred a balance of payments deficit. Effects of the government austerity plan coupled with a rise in exports produced a balance of payments surplus from 1985-90. Between 1988 and 1990, the deficit between exports and imports of goods and services widened again. However, this time the gap was caused by large increases in private-investment expenditures. At the same time, the public sector was accruing surpluses so the overall balance of payment still showed a surplus.