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BAHAMAS: Cabinet approves Fiscal Responsibility Bill, 2018 for public consultation

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#Bahamas, May 15, 2018 – Nassau – The Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest said the Cabinet of The Bahamas last week approved the Fiscal Responsibility Bill, 2018 for public consultation.

“Today, we present that Bill to the Bahamian people. The Bill sets guiding principles and rules for the way the government spends and accounts for the people’s money,” DPM Turnquest said at a press conference at the Ministry of Finance, Monday, May 14, 2018.

“Instead of relying on government to exercise fiscal discipline by choice, the new legislation constrains spending by the force of law.  It is a forward-looking bill intended to reshape the culture of public accountability. Doing so with legislation means it will commit all future governments and not just this administration. This is a built-in safeguard to ensure continuity, sustainability, and commitment to fiscal discipline.”

DPM Turnquest said he could not emphasize enough the importance of the legislation.

“Once passed, it will subject this Government and all successive governments to new standards of public accountability and public sector financial management.  And perhaps, more importantly, from the public’s point of view, it will empower civil society and the Parliament to participate in the system of accountability in a robust and comprehensive way.

“To give you an idea of how this works in the new law, it will establish an independent five-member Fiscal Responsibility Council comprised of civil society professionals with specific areas of expertise in law, business, economics, accounting, and finance.”

He said the Government does not nominate these professionals.  In each respective category, they will be nominated independently by the Bahamas Bar Association, The Chamber of Commerce, the University of The Bahamas, the Bahamas Institute of Chartered Accountants and the Certified Financial Analysis’ Society of The Bahamas.

The DPM said the Fiscal Responsibility Council is mandated to conduct periodic and on-going assessments of the Government’s finances and to make its assessments public.  The Government is also mandated to provide its fiscal strategy reports to the Fiscal Responsibility Council and to also to the Parliament.  He said the new law will require the Government to submit a Fiscal Adjustment Plan to explain any proposed deviations from its Fiscal Strategy Report.

The law will require the Government to present a Fiscal Impact Analysis along with any new spending proposal that falls outside of the approved budget.

“The proposed legislation is very specific and clear: All of these documents are to be made public on specific dates or time periods, and; the contents of each document must conform to the guidelines in the law.  Simply put, the proposed Fiscal Responsibility Legislation reinforces transparency and responsibility in the management of the fiscal finances and strategically enjoins the participation of Parliament and the people in holding the Government accountable for achieving its fiscal targets and objectives.”

DPM Turnquest explained that since the new fiscal and debt targets will require a significant adjustment from the current fiscal position, the Bill contemplates a three-year transition period to ensure this is done in an orderly manner.  He said this time frame will also allow the Ministry of Finance to align its internal resources to deliver on the more rigorous reporting requirements necessary for the public’s assessment of the Government’s fiscal strategy and performance.

The DPM said while all aspects of the Bill are essential to the fiscal responsibility principles, the overarching strategic goals pivot on the fiscal objectives, which are to:

 

  1. Lower the deficit and maintain a sustainable fiscal balance
  2. Lower debt to sustainable long-term levels
  3. Maintain current expenditure growth in line with growth in nominal GDP

 

“We believe that this combination of fiscal objectives will achieve sustainability in the Government’s finances and ensure the long-run stability and viability of the Bahamian economy.”

The public can find information on the Bill at the Ministry of Finance’s Facebook Page, on the Government’s website – www.bahamas.gov.bs – and through traditional media outlets.

The draft Bill is available for download starting today, and the public can submit comments to fiscalresponsibility@bahamas.gov.bs.

 

By: Llonella Gilbert (BIS)

Photo Caption:  Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest announces that Cabinet of The Bahamas last week approved the Fiscal Responsibility Bill, 2018 for public consultation at a press conference at the Ministry of Finance, Monday, May 14, 2018.

(BIS Photo/Derek Smith)

 

 

 

 

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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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