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‘Fantasy budget fails to tackle problems’

FREE National Movement (FNM) Deputy Leader and Shadow Minister of Finance Peter Turnquest yesterday called the Prime Minister’s 2016/2017 Budget Communication “a complete fantasy” being used to “secure an Election Day victory”.

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PM hails significance of today’s budget debate in Parliament

PRIME Minister Perry Christie said today’s budget debate will be the most “significant and interesting” debate in his term as leader.

PM slams predecessor on $99m BTC deficit

Prime Minister Perry Christie has again slammed the former Ingraham administration for failing to provide the $39 million needed to cover the Bahamas Telecommunication Company’s (BTC) original pension fund deficit, arguing that this had caused the shortfall to balloon to $99 million.

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Cable to repay $30m-plus debt

Cable Bahamas yesterday confirmed it has moved into the second stage of its balance sheet restructuring by unveiling the early redemption of $30m-plus in preference shares.

‘Nothing to celebrate’ on $99m borrowing

The Opposition yesterday argued there was “nothing to celebrate” in the Christie administration’s revelation that it is only borrowing $99 million to fund the 2016-2017 fiscal deficit, its finance spokesman saying it had over-burdened Bahamians with taxes to achieve this.

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Al Jarrett dies, aged 69

RETIED banker, economist and patriot Alfred Jarrett, pictured, died early yesterday morning after a massive heart attack.

Civil service pension reform eyed by govt

The government is in the process of hiring consultants to study the feasibility of making civil servants contribute financially to their own retirement via a defined contribution pension plan.

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NAUGHTY'S PICKS: Let’s hit the road for starters with Steelers and Colts

FIRST let me open by saying thank you Jesus, King of Endless Glory, who reigns in Heaven, for allowing me to see another NFL season, and for positioning ‘our’ Dallas Cowboys (Yes, God is a Cowboy, thus the retractable roof in the stadium, we leave it open so God can watch His team, the Cowboys, play) on the threshold of another Lombardi Trophy!

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NAUGHTY'S NFL PICKS: Working with the ‘short and sweet formula’ in Week 3

HERE we go, week three in the NFL and after a 12-4 week it seems I’m rounding into form.

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SPORTING MISCHIEF & MAYHEM: To all haters, the Cowboys’ loss didn’t stop my show

OKAY, let’s get this one out of the way. Despite my Cowboys losing for only the second time this season, again to the Giants, my trip to New York was far from being in vain!

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Past govts 'negligent' on $160m BTC pension hole

The Bahamas Telecommunications Company’s (BTC) unions yesterday slammed the “negligence” of previous administrations for creating a near-$160m pension hole that taxpayers must now plug. Ricardo Thompson, pictured , the Bahamas Communications and Pub

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BTC’s ‘great pains’ to protect pension fund

The Bahamas Telecommunications Company’s (BTC) chief executive has pledged it “went to great pains” to ensure its latest voluntary retirement offer does not further strain an already-troubled pension fund.

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Caution warning on 'lofty' 1% deficit goal

The government was yesterday urged not to get carried away over its “lofty” ambition to achieve “the lowest deficit ratio” for almost two decades in the upcoming 2019-2020 fiscal year.