Bahamas News
Hurricane Dorian Extraordinary, Unexpected Fiscal Impact causes Bahamas Govt to present Supplementary Budget
#NASSAU, Bahamas — January 30, 2020 — Deputy Prime Minister and Minister of Finance the Hon. K. Peter Turnquest explained that the Government is presenting the extraordinary and unexpected fiscal impact of Hurricane Dorian as a Supplementary Budget, so that the Bahamian people are made fully aware of exactly how the Government intends to address the challenges which have emerged.
As he presented the Supplementary Budget Statement in the House of Assembly, Wednesday, January 29, 2020, DPM Turnquest stated that the supplementary appropriations outline both the expected revenue losses arising from the Hurricane together with the increases in the recurrent and capital expenditure allocations necessary to deal with the emerging restoration and rebuilding activities on the islands of Abaco and Grand Bahama.
“The Supplementary Budget Book provided to this Honourable House presents the expected revenue loss for this fiscal year, by the respective revenue categories, which underlay the adjusted revenue budget for FY2019/20; it details the additional capital and recurrent expenditure arising from Hurricane Dorian, as well as several other policy imperatives. As these impacts are multi-year, the medium-term forecasts have been extended by one year and revised through to FY2022/23.”
He noted that in circumstances like this facing substantial revenue loss and significant new expenditure requirements, governments are compelled either to raise additional funds through greater taxation – or through increased borrowing in the near term. “The Government has determined that additional taxes would not be optimal at this time, given the substantial impact of Dorian to our economy and the need to maintain private consumption levels. Accordingly—and very conscientiously—the government has decided to fund the revenue loss and expenditure requirements through additional borrowings.
“Thus, I am also tabling a new borrowing resolution for authorization to borrow beyond the $72.4 million (which excludes the $628.0 million for refinancing of maturing debt) approved at the time of the 2019/20 Budget Communication in May of last year.”
He said, “As I mentioned during the tabling of the 2019 Fiscal Strategy Report in November, we anticipate that total revenue for FY2019/20 will now be reduced by $232.6 million, due to revenue losses and revenue foregone from VAT, Business Licence fees, Customs, and a number of other taxes in the Hurricane-affected islands.”
DPM Turnquest stated that it is important to remind the House that given the magnitude of the impact of Dorian on the islands of Abaco and Grand Bahama, the Government unveiled an unprecedented package of tax incentives and concessions as a key part of the establishment of the Special Economic Recovery Zone (SERZ). I know that members opposite agree—like all Bahamians—that this was and is the right thing to do.
“However the impact of those much needed tax concessions for those island mean that over $200 million in tax revenues is being deliberately and consciously foregone. This is being done so that the government is doing as much as it reasonably can to aid the speedy recovery and restoration of those impacted communities.
“Thus, at year-end, we project a revised aggregate revenue of some $2,395.6 million in FY2019/20, as opposed to the $2,628.2 estimated at the time of the annual budget exercise.”
He added that given the total incremental spending that the Government will have to undertake to initiate rebuilding and restoration efforts, we anticipate that total expenditure will increase to $3,073.1 million for FY2019/20, in comparison to the $2,765.0 initially budgeted and approved.
The DPM explained that recurrent expenses are projected to be higher by $157.6 million, bringing the revised estimates to $2,687.6 million. Of this total, approximately $82.7 million is associated with Hurricane Dorian, which include:
- $23.1 million in costs associated with clean-up activities,
- $12.9 million to facilitate food and accommodation assistance programmes,
- $11.4 million to fund the extension of the unemployment benefit to eligible persons,
- $11.1 million in allowances for affected public staff,
- $5.4 million for the acquisition of supplies and materials,
- a $1.5 million allocation to the new Ministry of Disaster Preparedness, Management and Reconstruction, and,
- the remaining $17.3 million allocated to primarily cover contingencies, consultancy services, security and other costs.
He said, “This spending has and will facilitate a number of social assistance measures on the Government’s part. For example, the Government has aided with rental assistance to evacuees from both Grand Bahama and Abaco, provided accommodations to hurricane victims by way of shelters, food assistance to victims outside of the shelters, and has also extended its national lunch benefit to displaced students that relocated to schools in New Providence. In addition, the Government is seeking to expand the National Insurance Board (NIB) unemployment benefit to 26 weeks from 13 weeks to eligible persons that have been impacted by the storm.”
BIS STORY By Llonella Gilbert
Bahamas News
EducationUSA Bahamas Advising Center Officially Opens to Help Students Wishing to Study in the US
By LLONELLA GILBERT
Bahamas Information Services
NASSAU, The Bahamas — The EducationUSA Bahamas Advising Center was officially opened at The Bahamas Technical and Vocational Institute (BTVI) on Thursday, September 5, 2024, to help students throughout the country have personalized access to free, accurate, current and comprehensive information about US tertiary institutions.
Minister of Education & Technical and Vocational Training the Hon. Glenys Hanna-Martin thanked the US government for opening
up the Center to help residents achieve the goal of going to a tertiary institution in the US.
The Education Minister said during a recent trip to Cuba, she learned that high school is called “pre-university”.
She noted that many students in The Bahamas believe that after high school, they should go out and work.
She said, “While there is nothing wrong with that, the secondary school experience should be seen as a launching pad for something more, further and greater. We want our young people to see themselves in that way.
“We want to encourage our young people, all of them going through high school, that they are in pre-university. It is just the launching pad for more that is out there for them.”
The Minister added that students should not only see their individual potential, but also come back home after going to a tertiary
institution abroad to help build national capacity.
President, BTVI, Dr. Linda Davis; US Chargé d’Affaires, Kimberly Furnish; EducationUSA Regional Manager for North America, Central America and the Caribbean, Giselle Dubinsky; Public Affairs Officer/US Embassy, Suemayah Abu-Douleh also attended the opening.
Dr. Davis said the use of the Center is not limited to BTVI students. “Bahamians and residents throughout The Bahamas wishing to study in the US should consider EducationUSA at BTVI as their official source of information.”
She explained that in 2019, BTVI and the US Embassy signed a Memorandum of Understanding, agreeing to establish the Center on BTVI’s main campus.
“The Center was operationalized in 2023 and today we celebrate its inauguration. BTVI is pleased to finally reach this milestone and join the global network of over 400 EducationUSA Advising Centers, tasked with facilitating much needed guidance and support for students wishing to matriculate to a US institution.”
The US Chargé d’Affaires said EducationUSA aims to make opportunities to study at US tertiary institutions more accessible to students by providing them with the guidance and resources they need to pursue their academic dreams in the US.
She also explained that part of the mission of the Center is to ensure that students choose tertiary institutions that are accredited.
“The Center will serve as a hub for students, parents and educators seeking information about US higher education. Our advisor Breann Marshall is here to assist every step of the way from selecting the right institution to understanding the VISA requirements.”
PHOTO CAPTION
BIS Photos/Patrick Hanna
Header : Ribbon Cutting
The EducationUSA Bahamas Advising Center was officially opened at The Bahamas Technical and Vocational Institute (BTVI) on Thursday, September 5, 2024, to help students throughout the country obtain personalized access to free, accurate, current and comprehensive information about US tertiary institutions. US Chargé d’Affaires, Kimberly Furnish and Minister of Education & Technical and Vocational Training the Hon. Glenys Hanna-Martin performed the ceremonial ribbon-cutting.
Showcase
Advisor, The EducationUSA Bahamas Advising Center, Breann Marshall (centre) shows Minister of Education & Technical and Vocational Training the Hon. Glenys Hanna-Martin and US Chargé d’Affaires, Kimberly Furnish around the Center.
Jael Joseph’s Digital Platform Embarks on a New Chapter of Empowerment and Creativity
Jael Joseph has officially relaunched BlackIslandGirl.com, transforming her passion project into a dynamic multimedia platform that caters to a wide array of interests and communities. Originally created in 2021 as Joseph’s capstone project at Toronto Metropolitan University (formerly Ryerson University), Black Island Girl has now evolved into a comprehensive digital space that reflects her creative vision and commitment to representation, storytelling, and empowerment.
The newly revamped site features a broad range of content sections, including Beauty, Business, Culture, Entertainment, Health and Wellness, Politics, and “The BIG Feature,” a spotlight segment focusing on in-depth stories and profiles. In addition to articles and features, the site’s new “What’s New” section provides event promoters with the opportunity to list their events, making Black Island Girl a go-to source for cultural and community engagement.
One of the most significant changes in this relaunch is the platform’s shift towards multimedia offerings. Businesses can now request
custom commercials and podcasts, giving them new avenues to promote their products and services. This expanded functionality opens the door for Black Island Girl to tap into every corner of modern media, creating a space that engages audiences through multiple forms of content.
Advertisers can now leverage the platform’s growing reach, promoting their brands and services within a diverse and inclusive community. Jael Joseph’s vision for the site goes beyond traditional media, offering opportunities for men and women alike to find inspiration, learn, and connect.
The relaunch of Black Island Girl comes at a time when Joseph is dedicating more time and energy to the project, following the registration of Black Island Girl Multimedia. This business venture further underscores her intent to build a creative and empowering space. Under the same multimedia banner, she also released her debut film Territory, a powerful short documentary that has been recognized internationally. Territory was nominated at several film festivals and took home the award for Best Short Documentary at the 2023 Caribbean Tales International Film Festival, marking another major achievement in Joseph’s creative career.
This relaunch highlights the multifaceted talent of Jael Joseph and her dedication to creating a platform that not only showcases her work but also serves as a source of inspiration for others. With its enhanced offerings, Black Island Girl is now positioned as a go-to multimedia hub for those interested in culture, wellness, business, and more.
As Joseph continues to focus her energy on Black Island Girl, the platform is poised to become an essential digital space that empowers and uplifts. Whether through its rich content, multimedia offerings, or community-focused event listings, Black Island Girl is set to carve out a unique niche in the media landscape, fueled by Jael Joseph’s passion and creativity.
Finance the Hon. Philip Davis said, on September 10, 2024, that it marked the start of an “extraordinary” new chapter for Cat Island.
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