December 7, 2021
Economic Affairs Minister Michael Halkitis.
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Halkitis: Opposition ‘dead wrong’ on budget
SENATOR Michael Halkitis yesterday defended the prime minister’s budget presentation in face of the opposition’s criticisms as he rejected their claims that the budget failed to address inflationary costs.
No new taxes in Budget, says Halkitis
Minister for Economic Affairs Michael Halkitis said there will be no new taxes in the upcoming budget as it would be “counterproductive” to economic recovery.
It’s over $6 a gallon to fill up your car
THE cost of fuel at pumps has shot up to over $6 a gallon at two major providers, with Economic Affairs Minister Michael Halkitis saying the situation is “volatile” and out of the government’s control due to international market fluctuations sparked from Russia’s invasion of Ukraine.
Work ‘almost complete’ on national trade policy
ECONOMIC Affairs Minister Michael Halkitis said work on a national trade policy is almost complete, adding he was hopeful the matter would not get “hijacked” by arguments that there were attempts to push a free movement agenda that has for years clouded World Trade Organisation (WTO) negotiations.
Halkitis defends extra stadium investment
ECONOMIC Affairs Minister Michael Halkitis said the Davis administration has agreed to spend an additional $31m to complete the Andre Rodgers National Baseball Stadium because so much money has already been spent on the project.
DIANE PHILLIPS: Why it is so hard to back pedal and so necessary now
FROM the time we are old enough to walk, we put one foot in front of the other, moving forward. Statistics tell us the average person walks about 3,000 to 4,000 steps or about 1.5 or two miles a day, a little less as we age. Unless we are engaged in specific athletic training, like running up and down a staircase or backing up to catch a football thrown deep, the steps we take propel us forward.
Minister ‘shocked’ by realtors’ challenge to real property tax
A Cabinet minister yesterday said he was “shocked and disappointed” that Bahamian realtors are calling for the withdrawal of all 2022 real property tax bills because they are “illegal and invalid”.
IMF restructure?: ‘Not on my watch’
A Cabinet minister yesterday pledged “not on my watch” after a noted Caribbean economist again forecast The Bahamas will need an “IMF restructure” with GDP still below pre-COVID at end-2023.
INSIGHT: If this is how we do business, no wonder we’re in such a mess
WHEN Michael Halkitis took office as Minister for Economic Affairs in the new government, there were two things on his mind. The first was to stabilize the country’s finances with a national debt of $10.356 bn at the end of June and a deficit of $951.3m.
Ninety days to switch VAT pricing
Retailers have been given a 90-day transition period to deal with the repricing “nightmare” caused by the VAT rate cut, one saying yesterday: “We hope this is the last change for a very long time.”
Halkitis: We must stay vigilant over finances
WITH the new Omicron variant continuing to spread in neighbouring countries, Economic Affairs Minister Michael Halkitis said The Bahamas must remain vigilant and practice discipline to sustain the improving fiscal picture.
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