EDITORIAL: What the Budget did not say
WHEN taking the time to sit down and examine yesterday’s Budget communication by Prime Minister Philip “Brave” Davis, it is as important to look at what was not said as much as what was.
Deficit's 75% cut hinges on $400m revenue surge
The Ministry of Finance's top official yesterday asserted he is "very confident" the Government will increase revenues by $400m year-over-year, and slash its fiscal deficit by 75 percent, in the absence of new and/or increased taxes.
Gov't near-tripling cruise departure tax to $145m
The Government is aiming to near-triple revenues earned from departing cruise passengers to $145m in the 2023-2024 Budget via a series of new and increased fees, it was revealed yesterday.
'Throwing darts': PM pledges 'decisive action' on Freeport
The Prime Minister's decision to put the Grand Bahama Port Authority's (GBPA) owners on notice that he plans to take "decisive action" to halt Freeport's two-decade decline yesterday provoked mixed reactions from residents and politicians.
Bahamas is exploring 'debt for nature' swap
The Government is exploring a "debt-for-nature swap" with the Inter-American Development Bank (IDB) that could result in at portion of its $11.2bn national debt being forgiven, the Prime Minister said yesterday.
VAT filing cut for $5m companies
The Ministry of Finance's top official yesterday voiced optimism it will "not be a big problem" for Bahamian companies with annual turnovers exceeding $5m to file and pay their VAT returns within 14 days.
Pintard says budget fails to address significant issues, including NIB
FREE National Movement (FNM) leader Michael Pintard said the budget Prime Minister Philip “Brave” Davis discussed yesterday failed to live up to the hype.
US Embassy in Nassau celebrates Pride Month
THE US Embassy in Nassau kicked off Pride Month today by raising the rainbow flag at the Queen Street chancery and at Liberty Overlook, the Ambassador’s residence. The flag will fly throughout the month.
PM says $22m allocated to invest in and expand renewable energy in Bahamas
PRIME Minister Philip “Brave” Davis outlined his administration’s efforts to expand the use of renewable energy.
Funds for a women’s shelter for domestic violence victims will be allocated in new budget, PM says
THE government will build a shelter for women to strengthen support for domestic violence victims, according to Prime Minister Phillip “Brave” Davis.
Davis announces organ transplant and food assistance programmes during budget debate
A National Organs Transplant programme and new food assistance programmes for students and adults will be funded in the upcoming fiscal year, Prime Minister Philip “Brave” Davis announced yesterday.
Davis says it’s time for ‘decisive action’ on GBPA and the Hawksbill Creek Agreement
PRIME Minister Phillip “Brave” Davis said his administration would take decisive action on the Grand Bahama Port Authority, declaring that the Hawksbill Creek Agreement, once key to Grand Bahama’s prosperity, no longer works.
Despite no new taxes, several new and adjusted fees announced
ALTHOUGH no new taxes will be introduced in the upcoming fiscal year, the Davis administration tabled bills in the House of Assembly yesterday that would increase fees for some services.
Constituency capital grants for MPs increases to $150k in new budget
ANNUAL constituency capital grants will increase by $50k per constituency in the government’s next fiscal year, totalling $150k.
PM reveals 2023 budget with no new taxes, pledges to improve collections
PRIME Minister Philip “Brave” Davis said the government is arresting the national debt and reducing the deficit, unveiling a budget yesterday that aims to improve the country’s fiscal performance through better tax collection rather than introducing new taxes.
What do patrols accomplish?
Greetings and thank you for the opportunity being afforded me, to make these several points for contemplation, analysis, accuracy and correctness, I appreciate it.
Prayers on the road to 50 years
Please allow me to express my observation on my experience during the Nation’s “Call To Prayer” during this “Road To 50” celebration.
“What does decisive action mean?”
The Grand Bahama Chamber of Commerce's president yesterday said he wants more information on what the Prime Minister means on “decisive action” on the Grand Bahama Port Authority (GBPA).
BAAA Age Group Trials, Kids Athletics Championships combine starts today
The Bahamas Association of Athletic Associations (BAAA) is set to host the combined Age Group Trials and Kids Athletics Championships starting today at 5pm. The three-day meet will run from Thursday to Saturday at the original Thomas A Robinson stadium.
More funds for BAMSI and farmers markets
Prime Minister Philip Davis announced the government will maintain capital expenditure in agriculture.
