TNAG-1001-FCO40-1237-Future-of-the-Dependent-Territories-including--Report-of-the-1981 — Page 103

Economic achievements

Since achieving self-government, Belize, which is now experiencing similar problems to other developing nations affected by the world economic situation, has benefited from a buoyant economy. around 5 per cent throughout the 1970s; and it has been predicted that, provided

She sustained average economic growth rates of the Government's sound economic policies are maintained, similar growth rates should be achieved throughout the 1980s. at 8 per cent or more

Rapid growth in manufacturing industry, a year, has been a major contributory factor; growth in export-oriented textiles and in agricultural processing industries has been particularly marked. She has rapidly reduced her budgetary aid from the United Kingdom and since 1967 has succeeded in balancing her budget; in 1979 the budgetary surplus stood at $US 800,000 ($BZE 1.6 million).