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All 31 seats in the Belize House of Representatives |
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A legislative election was held in Belize on 7 March 2012 to elect all 31 members of the Belize House of Representatives as well as offices in the various local governments. The election was run by the Elections and Boundaries Commission's Elections and Boundaries Department. Dean Barrow and his United Democratic Party (UDP) were re-elected, but lost eight seats to the opposition People's United Party (PUP) to maintain a slim 17-14 majority in the Belize House. The upper house of the Belize National Assembly, the Senate, was appointed after the election by the UDP-led government in accordance with the Constitution of Belize.
Prime Minister Dean Barrow's United Democratic Party (UDP) was the incumbent in the election with his party holding 25 seats at dissolution. The opposition People's United Party (PUP), led by Francis Fonseca since late 2011, held the other seats in the Belize House. An unrepresented coalition of smaller parties ran in nine of the 31 constituencies under the banner of the Belize Unity Alliance.
The UDP's primary campaign promise was to renegotiate the terms of a US$550 million bond repayment, which Barrow said would be his first task if re-elected. The bond accounted for 40% of Belize's economic output and half of the national debt, making Belize the 13th most indebted state in the world in 2012. The interest on the debt was scheduled to cost US$46 million in the year, which was 12% of the country's revenues at the time affected its ability to raise future funds after credit rating agencies downgraded the sovereign credit status to "junk." Conversely, Fonseca said that he would abide by the obligation to pay off the debt with promises to grow the country's current US$1.25 billion economy.