“Accelerate Bahamas” budget reveals sizable allocation increases across the board

NASSAU, BAHAMAS — Coined the “Accelerate Bahamas” budget, the government’s fiscal plans for the upcoming period will see sizeable increases across its ministries and agencies, tax increases in certain sectors and a continued surge of funds to the nation’s social safety net, as The Bahamas turns its sights on preparing for economic growth amid the […]

BRACE YOURSELF: Cooper warns of future economic hardship after “bleak” mid-year budget statement

NASSAU, BAHAMAS — The Progressive Liberal Party (PLP) today called the prime minister’s presentation of the mid-year budget a “bleak picture” of the country’s current economic status. During the budget statement in Parliament, Prime Minister Dr Hubert Minnis assured that despite the twin economic catastrophes of Hurricane Dorian and the COVID-19 pandemic, the Bahamian dollar […]

Turnquest: Govt. still on track with finances; revenue increased by $25 million

The government has spent $30 million more than was budgeted since May for “surprise” bills left by the former Christie administration, Deputy Prime Minister and Minister of Finance, Peter Turnquest revealed  yesterday in the House of Assembly. Despite the unexpected expenses however, Turnquest said the government is still on track to bring the country’s fiscal […]

Budgets Don’t Work: Here’s How Businesses Can Do It Differently

Written By Mark Rygelski: Chief Financial Officer at Good Luck group Budgets are traditionally woven into the fabric of most businesses. Everyone uses them. Banks require them. Employees expect them. They are treated as something revered and to be adhered to without question. But, in reality, budgets are terribly ineffective management tools. Dwight Eisenhower once […]