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BAHAMAS: Prime Minister foreshadows Fiscal Responsibility Legislation in his Budget Contribution

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#Nassau, June 20, 2018 – Bahamas – The government is set to bring about Fiscal Responsibility Legislation specifically targeting the rising deficit accumulated over the years.  That, according to Prime Minister Dr. the Hon. Hubert Minnis during his Contribution to the 2018/19 Budget Debate in the House of Assembly, June 18, 2018.

He reaffirmed that his government is “steadfastly committed” to balancing the budget and getting the burden of debt down to a maximum of 50 percent of Gross Domestic Product.  Hence the draft legislation, which is being circulated for public input, includes target levels for the deficit that will see it eliminated in three years – 2020/21.

The Prime Minister noted that the previous administration left almost $800 million in outstanding bills and obligations. After having paid millions of dollars of unpaid bills at the end of 2016/17, his government, in preparing the 2018/19 Budget still faces “a huge pile” of additional unpaid bills and arrears to the tune of $360 million.

“In their last two years in office, they increased the government debt by a staggering $912 million. And this, despite the $1.5 billion in revenues that were collected from the VAT during the first two and one-half years of its existence,” he said.

According to the Prime Minister, the increase in VAT from 7.5 percent to 12 percent is a direct consequence of the “reckless, irresponsible, corrupt mismanagement of public finances of the Christie/Davis government.”

“These are tough targets indeed and the timeline for their achievement is challenging,” the Prime Minister said. “But after so many decades of deficit financing and rising debt levels, we firmly believe that the time has come for decisive action.”

He said that his government believes this move would bolster confidence and stimulate enhanced domestic and foreign investment into the economy.

“We fully intend to proudly wear the mantle as the Bahamian Government that finally succeeded in wrestling the deficit to the ground, bringing us to a much healthier fiscal position.”

The Prime Minister further explained that in order to restore the country’s financial health, his government is taking a strategic and balanced approach in its budget and financial management.

Such measures include:

  • Cutting expenditure, finding savings and reducing waste and costs in a number of areas;
  • Aggressively targeting corruption and the misuse of public funds, which is a tremendous burden on public finances;
  • Major investments in education and training, and the development of entrepreneurs;
  • Major investments in critical infrastructure;
  • Improving the ease of doing business in order to stimulate growth and productivity;
  • Increased revenue generation through more domestic investment and foreign direct investment; and,
  • Increased revenue generation by a higher VAT rate, and a sliding scale tax for gaming operators, among other tax measures.

Other measures include ongoing reform of taxes including ongoing decreases in or the elimination of various tariffs and duties, major investments in BPL and renewable energy in order to decrease the cost of electricity long term, and an improved fiscal and budgetary management through legislation, and technology.

The Prime Minister said that his government is “doing the right thing” to stop The Bahamas from heading down a path that could ruin the country for future generations.

“Right here in our region, we are witnessing the painful results of governments waiting too long to make the difficult though necessary choices to keep their countries from financial collapse.

“I am determined to make sure that our Bahamas does not get to the point where a future prime minister must make an emergency call in the middle of the night, to an emergency international lending agency to request a bailout.”

 

By: Lindsay Thompson (BIS)

Photo Caption: Prime Minister, Dr. the Hon. Hubert Minnis during his 2018/2019 Budget Debate Contribution 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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