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BAHAMAS: Government’s overriding immediate priority to bring public finances to a responsible state

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#Nassau, June 8, 2018 – Bahamas – The government’s overriding immediate priority must be to bring the public finances to a responsible and sustainable state by: paying off and getting behind it the mountain of arrears and unpaid bills that it has discovered since coming to office, said Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest.

The government must also fully institute proper budgeting for known commitments, including accrual accounting, such that arrears never again materialise; responsibly finance the highest priority initiatives in its agenda; and finally eliminate the GFS deficit in the shortest time practicable, in effect over three fiscal years, said DPM Turnquest said during his Contribution opening the 2018/19 Budget Debate in the House of Assembly, Wednesday, June 6, 2018.

“To achieve all of that, we have developed a fiscal strategy that, unlike the previous Government’s Medium Term Fiscal Consolidation Plan, comprises concrete and specific actions that will secure the attainment of our objectives.”

He said in 2018/19, the Government held a very tight rein on Recurrent Expenditure – other than allocating $172 million to the payment of a large first tranche of arrears, a further $76 million to the proper budgeting of known spending obligations and $89 million for additional interest payments, essentially kept all other Recurrent Expenditure constant, with reallocations to fund the small number of select priority initiatives that we announced in the Communication totaling some $19 million.

“In fact, 24 of the 53 Heads, excluding interest payments, saw reductions in their budget allocations and 3 were given an increase under 1.5 per cent.  Of course, we also cut our spending on both the wage bill and goods and services in the current fiscal year by 10.3 per cent, or $120 million.”

The DPM said the focused Recurrent Expenditure initiatives are targeted at promoting enhanced growth and skills development, such as the $5 million in support for Small and medium Enterprises development, the $4 million for college student recruitment, the $2.6 million for BTVI scholarships and the $5 million for inclusive growth in heritage or foundation communities.

He said the Government is also striving to promote the diversification of the economy through both the digital economy and the blue economy; to enhance trade opportunities through membership in the World Trade Organization; and to provide growth-supportive public infrastructure investments.

DPM Turnqest said the Government is proceeding with the longstanding plans to transform the Ministry of Finance, and re-activating the Inter-American Development project to reform the Public Financial Management system.  He said, “We are moving to reform and modernize the State-Owned Enterprises such that they become significantly more efficient and self-sufficient.”

The Finance Minister also noted that the Government is pushing ahead with the fundamental structural reform of Real Property Tax and Customs, both of which are in need of modernization such that they can efficiently serve the public and properly generate the revenue streams that they should.  “To that end, we are re-energizing the Revenue Enhancement Unit that had become dormant under the previous Government.”

He said in the interim, the Real Property Tax and Customs administrations have been given direction to shape up their operations to the maximum extent feasible in order to generate an additional $80 million in revenue in the 2018/19 fiscal year.

 

By: Llonella Gilbert (BIS)

Photo Caption: Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest in the House of Assembly, June 6, 2018.

(BIS Photo/Yontalay Bowe)

 

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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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