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EDITORIAL: The right direction - if the figures add up

THE debut full Budget for Prime Minister Philip “Brave” Davis has arrived – and as ever with a Budget there is a lot to digest.

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Sandals to install detectors after tourist deaths

WHILE not revealing the cause of death of three American tourists at its Emerald Bay property earlier this month, Sandals has said the fatalities were not linked to the resort’s air conditioning system, food and beverage service, landscaping services or foul play.

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‘No disconnect’ despite $200m surplus increase

The Bahamian economy’s “exceptional” post-COVID rebound justifies revisions of more than $200m in key Budget projections, top officials asserted yesterday, despite Opposition fears of a “disconnect” that will undermine fiscal credibility.

$100m SOE subsidy cut goes in opposite direction

The Government has temporarily shelved plans to slash subsidies to state-owned enterprises (SOEs) as it seeks Parliamentary approval to borrow $251.4m for clearing unpaid bills prior to the 2021-2022 fiscal year-end.

‘About time’ high-end tax loopholes closed

Realtors yesterday said it was “about time” that the Government doubled the annual real property tax cap and sought to close “loopholes” that enable high-end condominiums in hotel rental pools to largely avoid tax.

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Blacklist ‘factor’ fear on bank Business Licence

A commercial bank chief yesterday questioned whether the Government’s plan to reimpose Business Licence fees on the sector could revive a situation that caused The Bahamas’ 2018 blacklisting by the European Union (EU).

Debt strategy was Budget’s ‘big miss’

A governance reformer yesterday argued that the Budget presentation’s “big miss” was its failure to detail how The Bahamas will tackle its $10.5bn national debt and annual interest costs set to hit a record $589m.

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Abaco murder probe

POLICE in Abaco are investigating a homicide on the island that happened on Tuesday.