News & Updates

Official announcements, reports, and fiscal updates from government sources.

This feed aggregates official government announcements related to public finance. No political commentary or opinion is included.

Budget12 June 2024

2024/25 Budget Communication Delivered to Parliament

Prime Minister and Minister of Finance delivered the annual budget communication outlining $3.2 billion in planned expenditure for the coming fiscal year.

Source: Ministry of FinanceView source
Revenue1 December 2024

Mid-Year Budget Review Shows Revenue Above Projections

Government revenue collection for the first six months of FY2024/25 exceeded projections by 3.2%, driven primarily by strong VAT and tourism tax receipts.

Source: Ministry of Finance
Audit15 October 2024

Auditor General Report on Public Accounts 2022/23

The Auditor General's annual report highlights areas for improvement in public financial management across several ministries.

Source: Auditor General
Economic20 November 2024

Central Bank Quarterly Economic Review Q3 2024

The quarterly review indicates continued economic recovery with tourism arrivals reaching pre-pandemic levels and positive growth in key sectors.

Source: Central Bank of The BahamasView source
Debt28 September 2024

Government Debt Falls Below 83% of GDP

National debt-to-GDP ratio continues its downward trend, falling to 82.5% as economic growth outpaces new borrowing.

Source: Ministry of Finance
Policy1 July 2024

New Public Financial Management Act Takes Effect

The new legislation introduces stronger fiscal responsibility requirements and improved transparency in government financial reporting.

Source: Ministry of Finance
Budget15 August 2024

Hurricane Preparedness Allocation Increased

Government increases the National Disaster Fund allocation by $25 million ahead of the 2024 hurricane season.

Source: Cabinet Office
Revenue5 November 2024

VAT Collection Reaches Record Monthly High

October 2024 VAT collections reached $105 million, the highest single-month collection since the tax was introduced.

Source: Department of Inland Revenue