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Ballooning debt for Bahamas, ORG says cut spending

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Bahamas, March 16, 2017 – Nassau – The Bahamas’ national debt now stands at over $7 billion dollars, more than three times the national budget; it was exposed in the fourth quarter report by the Central Bank of the Bahamas.

Some are calling the news a major dent in the bragging by PLP Chairman, Bradley Roberts who touted the success of Value Added Tax and the PLPs fiscal performance in governance.  However, all of that is smeared by the reality that the unprecedented debt is sending shock waves throughout the country and Robert Meyers with financial reform watch dog agency, Organization for Responsible Government said the comments by Bradley Roberts show that he is out of touch with the fiscal reality and what it means to ordinary Bahamians.

While the borrowing necessary for Hurricane Matthew restorative efforts was put at $130 million and impacted the third quarter of the fiscal year, the Central Bank’s report reveals that it was not the sole factor in the ballooning debt.

Meyers said the deficit, like spending is out of control and what it means for the future generations of The Bahamas is embarrassing.  Meyers commented that the government needs to hold the line, in other words, cut spending.

The Central Bank’s report said the Bahamas’ debt-to-GDP ratio hit 77.9 per cent at year-end 2016, a 2.6 percentage point rise on the 75.3 per cent some 12 months prior.

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BNT Releases 2023-2024 Impact Report Highlighting Conservation Achievements  

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January 20th, 2024 – Nassau, Bahamas – The Bahamas National Trust (BNT) proudly announces the release of its 2023-2024 Annual Impact Report, which documents key conservation milestones achieved from January 2023 to June 2024.

Highlights from the report include: completion of the BNT’s 2024-2029 Strategic Plan  – a comprehensive roadmap to guide the organization’s efforts over the next five years; the declaration of Seahorse National Park in Eleuthera as the country’s 33rd national park; advancements in critical scientific research and the creation of conservation plans aimed at protecting endangered species; major infrastructure improvements in national parks, enhancing visitor access and recreational opportunities; and new strategic partnerships with local and national organizations for collaborative national park management.

“The past 18 months have been a pivotal chapter for the BNT,” said Lakeshia Anderson-Rolle, Executive Director of The Bahamas National Trust. “With the unwavering support of our members, donors, and partners, we’ve expanded our national park system, advanced critical conservation efforts, made major infrastructure improvements in national parks, and connected thousands of Bahamians to their parks. These achievements underscore the power of collaboration and inspire us to continue building a future where people and nature thrive together.”

Looking to the future, the BNT’s 2024-2029 Strategic Plan prioritizes enhanced park management, tackling climate resilience, addressing invasive species, and strengthening community partnerships to ensure the sustainability of The Bahamas’ national parks.

The Bahamas National Trust extends heartfelt thanks to its supporters for making these achievements possible, and invites everyone to explore the full 2023-2024 Impact Report on its website at https://bnt.bs/2023-2024-impact-report/.

To learn more about the BNT’s role in managing national parks, protecting wildlife, and informing environmental policy, please visit its website: www.bnt.bs, and follow its various social media channels: Facebook, Instagram, Twitter, and YouTube.

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Exclusive Offer Unlocks $300 in Instant Savings for the Ultimate Winter Escape to The Islands of The Bahamas

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The Bahamas, January 19, 2025 – From January 13 to February 28, 2025, travelers can book a 4-night (or longer) air-inclusive vacation to The Islands of The Bahamas and enjoy an exclusive $300 instant savings at participating hotels and resorts. Stays are valid from January 14 to June 30, 2025, making it the perfect time to swap snow for sand. Terms and conditions apply.

“The Bahamas has seen tremendous growth in visitors, and this offer underscores our commitment to expanding tourism as a key driver of economic growth,” said the Hon. I. Chester Cooper, The Bahamas’ Deputy Prime Minister and Minister of Tourism, Investments & Aviation. “By offering an exceptional value to global travelers, we’re not only inviting visitors to explore our diverse islands but also supporting local businesses and fostering sustained economic development across The Bahamas.”

Booking a 4-night (or longer) air-inclusive vacation package with participating tour operators guarantees instant $300 savings, plus the opportunity to combine this offer with other deals for even more value. Travelers can also inquire about added perks like bonus nights, spa credits, and airport transfers when booking through participating tour operators.

Latina Duncombe, Director General of the Bahamas Ministry of Tourism, Investments & Aviation, added, “Through our partnerships with international travel providers, we are creating opportunities for visitors to seamlessly explore the unique attractions, vibrant culture, and breathtaking natural beauty that make The Bahamas truly exceptional.”

The islands of The Bahamas is the ultimate winter getaway, where adventure, luxury, and relaxation come together for an unforgettable escape from the cold. Take advantage of these major savings by visiting: Bahamas.com/300-off.

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Freeport Health Campus development, progressing steadily

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By DANIELLE ROLLON

Bahamas Information Services

 

FREEPORT, Grand Bahama, The Bahamas — The Government of The Bahamas is committed to improving healthcare facilities throughout The Bahamas, with steady progress being made on the state-of-the-art Freeport Health Campus.  With construction set in three phases, the Freeport Health Campus, when completed, will be a major development for Grand Bahama, providing comprehensive and essential healthcare services for all — citizens, residents, visitors, and those arriving on the new Celebration Cay.

Phase one of the project — a 60,000-square-foot clinic — is set for completion in late 2025, according to the Minister of Health and Wellness, the Hon. Dr. Michael Darville.  “The Freeport Health Campus is more than just a building; it is an embodiment of our collective vision for accessible, high-quality healthcare. Imagine a place where families can come together to receive a multitude of essential services, all under one roof — a hub of healing, equipped with cutting-edge technology and staffed by compassionate professionals dedicated to the well-being of our community,” said Dr. Darville.

With these ongoing improvements and the upcoming completion of phase one, the Freeport Health Campus is poised to see a significant boost in healthcare services in Grand Bahama, supporting the health and well-being of the community for years to come.

(BIS Photos/ Andrew Miller)

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