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BAHAMAS: Prime Minister defends National Budget as economic hope for future generations

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#Nassau, June 19, 2018 – Bahamas – Defending the financial provisions within his government’s proposed 2018/19 National Budget, Prime Minister Dr. the Hon. Hubert A. Minnis said the fiscal measures are to ensure a sound economic Bahamas for future generations.

Making his contribution to the Budget Debate in the House of Assembly on Monday morning, June 18, 2018 the Prime Minister also defended the Value Added Tax increase from 7.5 percent to 12 percent, as was previously announced by the Minister of Finance.

“When we tallied up all of the fiscal pressures that are present, we determined that we faced a fiscal gap of some $400 million if we were to achieve the mandated target of a deficit of 1.8 percent of GDP in 2018/19,” the Prime Minister said.

He further explained that as such a target is a “critical part” of his government’s plan to restore and bolster credibility, confidence and stronger growth; it simply has to be met.

“The hard reality is that there are very few feasible options available, within the timeframe required, to fully address a fiscal gap of that magnitude,” the Prime Minister said.

According to the Prime Minister, the government considered raising VAT from 7.5 percent to 10 percent but determined that was not enough to deal with fiscal pressures it encountered.  The government considered raising VAT to 15 percent but determined that would have inflicted “too much hardship” on Bahamians, so it settled on 12 percent, which it determined is necessary to save future generations of Bahamians.

“We therefore came to the realization that an increase in the rate of VAT to 12 percent was the only viable and reliable option to allow us to deal with all of the fiscal pressures, while also respecting the requirements of the Fiscal Responsibility law,” he added.

A significant portion of the new VAT revenues will be redirected back into the economy through the payments of arrears to various creditors, among other things.

“We should not lose sight of the fact that the government has been mindful, in the development of its plan to provide tax relief to the most vulnerable in our society,” the Prime Minister said.

He noted that amongst those measures are the elimination of VAT on breadbasket items, medicines, residential property insurance, as well as on electricity and water for a large number of households.

“This budget provides hope and opportunity for new home owners, entrepreneurs, young people, Over-the-Hill communities, and hope and opportunity for our future,” the Prime Minister said.

He added, “ The inspiration for my government and for this budget is to leave behind a better, more secure, safer and prosperous country. Our vision and mission is to provide opportunity and hope for current and future generations. Our vision is taking shape.”

 

By: Lindsay Thompson (BIS)

Photo Caption: Prime Minister, Dr. the Hon. Hubert Minnis making his Contribution to the 2018/2019 National Budget in the House of Assembly, June 18, 2018.

(BIS Photos/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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