May 27, 2020
Deputy Prime Minister and Minister of Finance Peter Turnquest delivers the Budget. Photo: Shawn Hanna/Tribune staff
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As expected, there will be some major changes for the Ministry of Youth, Sports and Culture in the 2020 budget that was outlined by Deputy Prime Minister and Minister of Finance Peter Turnquest in the House of Assembly last week.
The government yesterday ruled out new and/or increased taxes to cure its fiscal woes even if the Bahamian economy has failed to recover from COVID-19 by winter 2021. K Peter Turnquest, deputy prime minister, speaking at a post-budget press conferen
DEPUTY Prime Minister and Minister of Finance Peter Turnquest said the government does not anticipate a need for new taxes when the economy recovers from the COVID-19 crisis.
THE government has extended tax breaks until the end of the year to support ongoing Hurricane Dorian recovery efforts on Grand Bahama and Abaco. The Minnis administration will also reduce customs duty on fishing and farming equipment among other ite
Private sector executives yesterday warned “our worst nightmare has come true” after the government unveiled record deficit spending that will carry the national debt past the $10bn mark by June 2022. K Peter Turnquest, deputy prime minister, told t
THE government’s announcement of a VAT holiday for school supplies ahead of the new term was welcomed by parents yesterday, however one department store owner does not expect the tax break to bring an increase in sales.