News Releases

Check out our latest news

Government meets deficit target for fiscal year 2018/19

Aug. 30, 2019

Last fiscal year (FY2018/19), the Government recorded a deficit of $222.4 million, or 1.7% of GDP, marking the lowest deficit and fiscal ratio achieved by any Administration in The Bahamas in nearly10 years.It is also the first time since FY2012/13 that any Government has met its deficit target. The Ministry of Finance published the latest provisional fiscal data in the Fourth Quarter Report on Budgetary Performance for FY2018/19.

Read More

Overall allocation to Office of the Prime Minister reduced in 2019/20 Budget

June 20, 2019

The overall 2019/20 Budget allocation for the Office of the Prime Minister has been reduced, Prime Minister the Most Hon. Dr. Hubert Minnis pointed out during his contribution to the budget debate on Wednesday 19 June.

Read More

Government embarks on Preschool to University free education strategy

June 19, 2019

The Minnis administration is making one of the greatest investments in education in Bahamian history with the implementation of a preschool to university free education strategy, Prime Minister the Most Hon. Dr. Hubert Minnis said on Wednesday in his contribution to the 2019/20 Budget debate.

Read More

Land reform initiative to improve access to Crown Land leases and grants

June 19, 2019

More Bahamians are expected to have greater access to land through a land reform initiative that includes the modernization of the Department of Lands and Surveys and the elimination of taxes on land transfers to immediate family members, Prime Minister the Most Hon. Dr. Hubert Minnis announced on Wednesday during his contribution to the 2019/20 Budget debate.

Read More