#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.
Peter Turquest, Bahamas Deputy Prime Minister, Minister of Finance
“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.”
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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.
Abaco post Hurricane Dorian
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.”
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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.
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.
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.