Election 2012

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Public Accounts Committee Chairman stands firm over challenge to Speaker order

THE chairman of the Public Accounts Committee (PAC) has defended his position to challenge a recent order by the Speaker of the House of Assembly to suspend the committee’s controversial investigation into Urban Renewal.

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Less money for the fight against crime

AS the murder rate for the year continues to climb, Prime Minister Perry Christie said during his budget communication on Wednesday that the government has invested a “significant” amount of money in the Royal Bahamas Police Force to help it obtain additional manpower and resources to enhance its presence and visibility around New Providence.

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Ingraham ‘not coming back’

FORMER Deputy Prime Minister Frank Watson said he does not believe that Hubert Ingraham plans to leave retirement and wrest the leadership of the Free National Movement from current leader Dr Hubert Minnis.

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Rise in budget for 24 departments

A REVIEW of the spending estimates for the 2015/2016 budget reveals that 24 government departments and ministries will receive allocation increases in the new fiscal year while 29 will have their allocations reduced.

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$110m collected in VAT in first three months

THE government has collected $110m in value added tax payments during the first three months of the year, Prime Minister Perry Christie told the House of Assembly yesterday.

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Selection of mobile provider has been delayed

THE selection of the country’s second cellular mobile provider has been delayed, Prime Minister Perry Christie revealed during his 2015-2016 Budget communication yesterday.

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Duty rate on cars cut, but ban on vehicles over ten years old

PRIME Minister Perry Christie said the revenue performance of value added tax (VAT) since its implementation in January has opened the door for several customs duty reductions and some tariff eliminations to ease the burden on Bahamians.

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No new tax ‘at this time’ to pay for NHI scheme

PRIME Minister Perry Christie yesterday insisted that his administration is not “stupid” in its handling of the economy as he announced the government’s decision not to impose additional taxes on Bahamians “at this time” to fund the roll-out of National Health Insurance (NHI).

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Deficit cut by ‘two-thirds’

PRIME Minister Perry Christie yesterday boasted of his administration’s fiscal achievements during the last financial year as he expressed optimism in the continued growth of the economy going into the 2015/2016 budget cycle.

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FNM says budget lacks detail and is full of misplaced optimism

THE Free National Movement yesterday criticised Prime Minister Perry Christie’s 2015/2016 Budget communication, saying that it lacked detail and was a “fanciful” document filled with misplaced optimism.

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PM repeats that Baha Mar resolution is near

DURING his budget communication yesterday Prime Minister Perry Christie said Baha Mar’s developer is nearing the end of talks with its general contractor on the completion of the project and the announcement of the resort’s opening date.

Constituency allowances up by $12,000

STATE Minister for Finance Michael Halkitis tabled a bill in the House of Assembly yesterday that will raise the annual constituency office allowance of members of Parliament by $12,000 to $30,000 a year.

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2015/2016 BUDGET: Deficit slashed by two thirds

In his 2015/2016 Budget communication on Wednesday, Prime Minister Perry Christie told the House of Assembly that the Bahamas' budget deficit has been slashed by nearly two thirds.

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Chipman hits out at lack of accountability

PUBLIC Accounts Committee Chairman Hubert Chipman said the official opposition is beset with a “looming crisis of confidence” springing from what it believes to be a wide-scale “lack of accountability and transparency” in the Christie administration.

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House in uproar

TEMPERS flared in the House of Assembly yesterday as members of the governing party, the Opposition and House Speaker Dr Kendal Major argued about the Public Accounts Committee’s rejection of the Speaker’s recent order to suspend its controversial investigation into Urban Renewal.

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