The Bills below provide the legal framework to support the Government's Budget plans, particularly with regard to tax relief and revenue enhancement initiatives. The Government has committed to accelerating its structural reforms to improve the ease of doing business and modernize all areas of service. By accelerating its adoption of modern technologies, passing modern legislation, and facilitating private sector expansion and investment, the 'Resilient Bahamas' plan will support a more robust economic recovery overall.
To support the Government’s goal to strengthen public financial management, the Government will amend the Financial Administration and Audit Act, 2010 (FAA) to require that all Government authorities, companies, and corporations that receive more than 50 percent of their operating budget from the Central Government, produce and submit monthly and quarterly financials.
In the face of these extraordinary times, the Bahamian people expect a plan – a strategy that is responsive to their needs and defined by the values we believe in, as a party and as a Government."
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.