Nov. 20, 2019
On the heels of the strongest and most destructive storm ever recorded in the Atlantic Ocean, which, in early September 2019, decimated parts of the northern Bahamas, the Government announced plans to adjust its budget and fiscal targets for the current fiscal year and its medium-term fiscal plan in the House of Assembly earlier today.Read More
Nov. 12, 2019
Starting in the New Year, fees for pleasure vessels in The Bahamas will increase based on a new pro-rated scale that takes into consideration the size of each boat. All boaters entering The Bahamas are required to pay an entry fee based on the Customs Management (Amendment) Regulations, 2019, passed by Parliament earlier this year. The fee covers a cruising permit, fishing permit, and the departure tax for up to three individuals.Read More
Oct. 31, 2019
Preliminary estimates in the latest budget performance report show continued improvement in the fiscal deficit during the first quarter (Q1) of the fiscal year. Although the Government has plans to revise its fiscal estimates moving forward, as a result of Hurricane Dorian, the budget performance in the first quarter is further proof that the commitment to fiscal prudence prior to Hurricane Dorian has placed the government in a better position to manage the fiscal impact.Read More
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