Presented by The Ministry of Finance

Budget Priorities Snapshot

From the House of Assembly to your home, learn about the Government's Accelerate Bahamas plans to boost economic growth and continue its support of the most vulnerable.

What's in 'Accelerate Bahamas' for you?

Learn what's in the budget for job creation, small business development, healthcare improvement and vaccines, tourism development, public and private sector investment, digitization and innovation and fiscal responsibility.

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BUDGET BY THE NUMBERS

While the effects of Hurricane Dorian are still looming, the current pandemic has demanded that the Government make a critical shift to accelerate The Bahamas' economic rebound. Fiscal reform and targeted support to Bahamian businesses are key components of a strategic framework for significant economic growth.

$2.2 Billion

2021/22 REVENUE ESTIMATE

The impact of the COVID-19 pandemic is more far reaching than was anticipated and global economic recovery, particularly for the tourism industry, is slower than expected.

$3.2 Billion

2021/22 EXPENDITURE ESTIMATE

The Government is investing in growing the Bahamian economy by investing in the priorities of the Accelerated Bahamas plan.

$951 Million

2021/22 PROJECTED DEFICIT

There are still significant challenges facing the country stemming from the twin crises of Hurricane Dorian and the COVID-19 pandemic.

Circumstances beyond our control may have shifted out immediate priorities and related initiatives, but our economic vision for the nation remains the same: An economy that is resilient, inclusive, dynamic and sustainable."

DEVELOPMENTS TO WATCH

Stay informed about other national developments that are influenced by or affect the country's fiscal affairs.

The Budget Debate

The Budget Debate is live broadcast during the month of June. Tune in for live coverage, or connect with the Ministry of Finance for the highlights. As each Cabinet Minister contributes to the Debate, details of the 'Accelerated Bahamas Recovery Plan' plan will be updated.

LIVE FROM PARLIAMENT: JUNE 2, 2021

Public Finance Management Act

The Public Finance Management Act, 2021 will focus on improving transparency and accountability around the management of public finances and in the governance arrangements for public entities.

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Public Debt Management Act

The Public Debt Management Act, 2021 will establish an appropriate framework for a credible, transparent and accountable debt management strategy and institutional arrangements.

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ABOUT

The budget website is inspired by a worldwide movement towards citizens budgets. Presented by the Ministry of Finance, it is a visual, interactive and less-technical version of the annual budget that promotes accessibility, inclusion, transparency and accountability.