FNM demands ‘full transparency’on $700m borrowing, PPP liability
The Opposition has called for “full transparency and legal clarity” on the Government’s moves to place $700m net borrowings in the National Investment Fund and the “crystallisation” of $43m in public-private partnerships (PPPs).
Housing grows ‘1.5 times slower’ over vacancy and disrepair woes
The Bahamas’ housing inventory grew “1.5 times slower” over the 12 years to 2022 when compared to the previous decade, it has been revealed, with the decline blamed on a reduced pace of new-builds as well as more properties falling into disrepair and tenant-weary landlords.
Taxpayers owed $500m by loss-making SOEs
Bahamian taxpayers are owed half-a-billion dollars in outstanding loans by loss-making state-owned enterprises (SOEs), it has been revealed, with nine key government entities collectively plunging into “negative equity” with debt liabilities exceeding their assets.
Carmichael Village owners told: Your homes are safe
The Ministry of Housing has moved to reassure Carmichael Village purchasers that their homes and investments are safe while asserting it knew nothing of the connections linking the project’s contractor to the general election day plane crash drug accused.
Just 16% of Gov’t entities met Budget plan mandate
Just 16 percent of the Government’s ministries, departments, agencies and business entities (GBEs) heeded the Ministry of Finance’s call to submit annual and business plans as part of the 2026-2027 Budget preparations, it has been revealed, sparking pledges of a compliance crackdown.
$43m in PPP financing now ‘crystallises’ as Gov’t liability
More than 30 percent of $140m in public-private partnership (PPP) funding has now “crystallised” on the Government’s books as a debt that has to be repaid by Bahamian taxpayers, the Fiscal Strategy Report 2026 has revealed.
Gov’ts net worth valued from accounting switch
The Government’s long-promised switch to an accrual-based accounting system is forecast to “near completion within the next two years” and, for the first time-ever, enable an accurate valuation of what Bahamian citizens actually own.
Power outages frustrate west New Providence communities
RESIDENTS in Love Beach and several upscale western New Providence communities say prolonged and recurring power outages have left them exposed to heightened security risks, spoiled food, disrupted work schedules and mounting repair costs.
Potter’s Cay vendors still waiting for BPL electricity
Potter’s Cay vendors say they are still waiting for Bahamas Power & Light (BPL) electricity supply to reach their stalls despite a previous government pledge that at least 25 would be connected by the 2026 first quarter.
Sherwin-Williams opens Marsh Harbour location
Sherwin-Williams Bahamas has opened its latest retail outlet on Marsh Harbour’s Bay Street inside the former Sand Dollar shop.
Minister meets with aviation overseers
Bahamian aviation executives met Jobeth Coleby-Davis, minister of energy, utilities and aviation, at Margaritaville Beach Resort last Tuesday.
Aviation minister in call for stronger traveller safeguards
A Cabinet minister has signalled the Government’s support for stronger passenger protections, arguing that airlines should have clearer obligations to assist travellers and address complaints when disruptions occur for reasons within their control.
Healthcare the focus of 2026 govt budget
The Government is targeting a $470m revenue increase for the 2026-2027 fiscal period despite this year’s collection pace lagging 2024-2025, it was revealed yesterday, as it cut the forecast Budget surplus by 24 percent.
Pension reform revival to cap $3bn unfunded Gov’t liabilties
The Government yesterday moved to revive long-awaited public sector pension reform in a bid to halt growth in unfunded liabilities that now stand at $3bn through the creation of a scheme where civil servants will help finance their own retirement.
Key tax arrears jump 27% to reach $1.8bn
Tax arrears owed to the Government under some of its most important revenue streams grew by $382m or 26.7 percent during the first nine months of the current fiscal year to hit $1.812bn at end-March 2026, Budget documents released yesterday revealed.
