May 12, 2021
MINISTER of State for Finance Kwasi Thompson.
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$160m revenue cut from VAT rate slash
The Government’s planned VAT rate cut will slash revenues by $160m per year, an ex-Cabinet minister asserted yesterday, as he slammed its “silence” on how extra spending will be paid for.
Minister says Freeport investors ‘not deterred’
A Cabinet minister last night asserted that the Doctors Hospital and Grand Bahama Shipyard projects proved investors have not been deterred by any uncertainty over Freeport’s investment regime.
Medical school to receive students by next January
STATE Minister for Grand Bahama Kwasi Thompson said yesterday construction of a medical school in Grand Bahama by the Western Atlantic University School of Medicine is progressing and should be ready to receive students by January next year.
Govt revenues $127m up on budget forecast to May
A Cabinet minister yesterday defended the government’s forecasts for the upcoming fiscal year by revealing that its revenues had exceeded projections by almost $127m over the past six months.
Tax reform study results ‘by the end of the year’
THE government’s “in-depth” study on tax reform should have produced preliminary results by the end of the year, Minister of State for Finance Kwasi Thompson said yesterday.
Taxpayer job ‘band aid’ no longer viable
A Cabinet minister yesterday admitted successive administrations have used taxpayer funds as “band aids” to cover up their failure to grow the Bahamian economy and create sufficient jobs.
$600k system puts cabinet meetings into digital era
MINISTER of State for Finance Kwasi Thompson announced yesterday the launch of the Bahamas Electronic Cabinet Management Information System, also referred to as E-Cabinet.
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