Suggestions that today’s Budget will seek to “promote home ownership” and green energy yesterday generated calls for an attitude overhaul and a variety of tax reforms from participants in both sectors.
AUTHORITIES are currently investigating an apparent hit-and-run traffic accident on Kemp Road that occurred early Saturday morning, leaving one man dead.
The Bahamian economy’s “exceptional” post-COVID rebound justifies revisions of more than $200m in key Budget projections, top officials asserted yesterday, despite Opposition fears of a “disconnect” that will undermine fiscal credibility.
The Government was yesterday urged to fix “the low hanging fruit” by ensuring Grand Bahama International Airport remains open beyond 6pm while it moves to close the sale of the island’s major resort.
The Nassau Guardian’s front page article about police investigators wanting a discussion with Free National Movement (FNM) MP Adrian Gibson is just one more development in an ongoing saga that hasn’t received as much attention from the mainstream media as one would think it should.
“THERE are a lot of persons who missed.”
A Bahamian accountant yesterday said he would “definitely be surprised” if the Government introduced new and/or increased taxes in tomorrow’s Budget given that it would only worsen the cost of living crisis for vulnerable Bahamians.
THE Northern Ireland Protocol agreed between Britain and the European Union as part of the arrangements for the former’s withdrawal from the bloc has been controversial and a source of tension since it came into force at the beginning of last year.
EVEN many Russians cannot believe their eyes at the exchange offices in Moscow: The ruble is getting stronger and stronger. The Russian war of aggression against Ukraine, western sanctions, the mass departure of companies - all of this is weakening the country’s economy. On Thursday, for example, McDonalds announced the sale of its 850 stores to a Siberian businessman. This should also affect the ruble exchange rate.
A governance reformer yesterday argued that the Budget presentation’s “big miss” was its failure to detail how The Bahamas will tackle its $10.5bn national debt and annual interest costs set to hit a record $589m.
Cat Island stakeholders are aiming to present a proposal to upgrade Arthur’s Town airport and other critical infrastructure to the Government by this July, it was revealed yesterday.
A Caribbean economist has questioned whether The Bahamas will “run out of runway” before key reforms “bear fruit” sufficiently to avert an economic and fiscal crisis.
The Government is threatening to cause “additional hardship” for thousands of Bahamians who enjoy private medical insurance through VAT-related reforms that will increase medical bills and treatment costs.
We previously considered The Bahamas’ debt sustainability, and looked at the challenges faced from a Caribbean context.
Private pilots plan to “trust but verify” pledges by Customs to ease clearance reforms that some argue could cost this nation up to 25 percent of its existing business if implemented in their original form.