July 1, 2020
Tax concessions included in the 2020/21 Annual Budget take effect today, including the duty reductions on construction material and those put in place to stimulate the fishing and agricultural sectors.
Read MoreJune 8, 2020
Deputy Prime Minister and Minister of Finance, K. Peter Turnquest, deivered the opening statement of the 2020/2021 Budget Debate on Monday, June 8, 2020 in the House of Assembly.
Read MoreMay 28, 2020
DPM and Minister of Finance, K. Peter Turnquest, along with Acting Financial Secretary, Marlon Johnson, break down the government's restoration plan for the country at the Annual Budget Press Conference. They also fielded questions from local media on the recent Annual Budget Communication 2020/2021, which was delivered by Turnquest in the House of Assembly on Wednesday, May 27, 2020.
Read MoreMay 26, 2020
Peter Turnquest, Deputy Prime Minister and Minister of Finance, assures the Bahamian people that tomorrow's Annual Budget Communication will be a transparent assessment of the country's current economic situation. The public can also look forward to a more dynamic and interactive experience thanks to social media and digital tools.
Read MoreMarch 30, 2020
I rise to provide an update on the Government’s stimulus measures to support our citizens during this challenging time. The adverse impact of COVID-19 has touched every single person in the country, and most significantly, the poor and vulnerable amongst us need the support of the Government to cope with the impact.
Read MoreMarch 18, 2020
The Coronavirus (COVID-19) has now been declared a pandemic, and concerns continue to intensify as countries around the world take strict and drastic measures to contain its spread. As you know, The Bahamas has now recorded its first domestic case of the coronavirus, and it is likely that numbers will increase.
Read MoreFeb. 10, 2020
Two weeks ago, I presented the supplementary appropriations and borrowing resolution for the 2019/20 Supplementary, or ‘Hurricane Dorian” Budget. Together, those resolutions represent the Government’s revised spending and borrowing plan to rebound from the catastrophic impact of Hurricane Dorian. Today I rise to contribute to the budget debate on behalf of the wonderful people of East Grand Bahama, who’s resilience and faith in equity and fairness has been tested, battered by winds of loss and change and savaged by seas of tumult and uncertainty, but yet remain proud, strong and expectant.
Read MoreJan. 30, 2020
Three months ago, Hurricane Dorian significantly changed the course of our lives. Characterized as the second strongest storm to ever cross the Atlantic Ocean, this catastrophe was nothing like we have ever seen before. Although the devastation caused by the monster storm was concentrated in the islands of Abaco and Grand Bahama, its broader socio-economic severity has rattled the very core of our nation and people.
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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.
