July 9, 2021
MARLON JOHNSON
Stories this photo appears in:
Secret austerity deal denied
A senior Ministry of Finance official yesterday branded as “absolutely incorrect” assertions that the Government cut a secret austerity deal with its lenders in return for last year’s $825m foreign currency bonds.
‘Right this ship in the fastest possible time’
The Bahamas must “right this ship in the shortest possible time” to show creditors it has the post-COVID economic and fiscal crisis under control, a local economist urged yesterday.
$700m Gov’t bond goes forward despite election
The Ministry of Finance’s top official yesterday said the Government’s $700m foreign currency bond issue is proceeding “unless we get some kind of policy directive to change course” from the new administration.
Govt defending ‘sole source’ Customs app
A top Ministry of Finance official yesterday defended the decision to accept a “sole source” bid for the app that now allows persons to file their Customs declarations electronically prior to arrival in The Bahamas.
Property tax amnesty gains ‘north of $27m’
The Government has reeled in “north of $27m” via its ongoing real property tax amnesty, a top official has revealed, with calls from additional delinquents for more time prompting a three-month extension.
Govt’s $1.851bn borrowing at ‘lower cost’ to taxpayers
The Ministry of Finance’s top official yesterday voiced optimism that the government’s $1.851bn borrowing this fiscal year will come at a lower cost to the Bahamian people based on “market soundings”.
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