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.
'ACCELERATE BAHAMAS' OBJECTIVES
Accelerate Bahamas’ focus on private sector expansion will unlock the potential of SMEs and entrepreneurs to set us on a path to inclusive and sustained economic growth.
Accelerate Bahamas will advance the steady march of our government reform agenda to facilitate economic growth.
Accelerate Bahamas will continue targeted social support for the most vulnerable who are still contending with the impact of Hurricane Dorian and the fallout of the COVID-19 pandemic.
Why 'Our Priorities' are wise investments
Maintaining and expanding employment opportunities through tax credits for businesses that are hiring and expanded duty concessions for small businesses.
Supporting small and medium-sized business (SME) growth through increased financing and new tax free zones.
Continuing public healthcare support with historic investments in public health infrastructure and targeted vaccination initiatives.
Enhancing the Bahamian tourism product to allow for home-porting while increasing small and medium-sized business participation in the sector.
Improving the country’s national investment framework by transforming public sector financing and updating the national investment scheme.
Continuing to accelerate the digitization of government services to improve accessibility, service delivery and revenue collection.
Maintaining a focus on fiscal reform while ensuring responsible debt management and focusing on new areas of revenue generation.
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."
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.