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Gov publishes 2019 Fiscal Strategy Report outlining macroeconomic and fiscal outlook

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. 

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Parliament approves new cruising and fishing fees for visiting boaters in The Bahamas

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.

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'Dorian' impact to trigger change of plan for annual budget and fiscal targets

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. 

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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.