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 […]
Deficit projected at $951.8 million NASSAU, BAHAMAS — The projected deficit is foreshadowed to be $951.8 million in the 2021/2022 fiscal year, according to Prime Minister Dr Hubert Minnis, who revealed the government will seek approval to borrow nearly $1 billion to cover expenses left over in this fiscal period and cover the estimated deficit […]
NASSAU, BAHAMAS — Prime Minister Dr Hubert Minnis today asserted that his administration’s efforts thus far have positioned the Bahamian economy to “not only recover but thrive” in a post-pandemic world, as he unveiled several revenue and policy measures to be undertaken this upcoming fiscal year under its “Accelerated Bahamas Recovery Plan”. While delivering the […]
