Connect with us

News

$485 Million Budget for TCI; Figures Revealed for 2024-2025

Published

on

Dana Malcolm

Staff Writer

 

#TurksandCaicos, April 19, 2024 – The PNP Administration is using their final budgetary allocation, an all-time high of $485 million to do ‘More in ‘24 ’ according to Washington Misick, TCI Premier and Finance Minister, when he opened the 2024/25 budget debates on April 16.

A people-focused budget is what Misick says the PNP has created for residents with tackling cost of living as its ‘number one priority.’Citing the expanding economy with rates over 12 percent and the possibility of a revised A Economy rating he said:

”The one thing that keeps me up at night is the constant quest for ways to help our people, especially those in the middle-income bracket and those below the poverty line. Our macroeconomic success must translate to human and social development. It must mean well organized and functioning communities where modern amenities are available and it must mean a better life for all.”

The Premier cited this determination as the reason for denying the recent FortisTCI application for an electricity rate increase and lowered fuel taxes.

In the Construction realm, Misick maintained the government was leveraging its power to deliver for residents as well while criticizing the PDM for allowing wealthy contractors to slide without paying maximum taxes

“Everywhere you turn there’s a new building going up— because of the splitting of purchase contracts for land and construction by foreign wealthy individuals, which the former administration supported, the government is earning less from stamp duty but I promise that will change,” The. Premier said

Misick revealed that the PNP had removed tax holidays, allowing more money to flow into the country from large developments.

Misick doubled down on his administration’s commitment to social welfare programs highlighting the over $6 million increase in welfare since the start of their tenure. For retirees, a 20 percent increase has been granted and the pension fund now has $21 million as of March 31, 2024.

”Fairness to us is supporting people out of poverty not trapping them in a cycle of dependence,” he maintained.

In terms of figures many remained unchanged from the draft budget tabled two weeks earlier. Revenue remained at $452 million while expenditure went up to $389 million.

The GDP of the country grew by 13.7 percent in 2023 and is projected to grow by 4 percent in 2024, and the TCI is now listed as a ‘positive’ economy up from a ‘stable’ rating.

TCIG only managed to spend 29 million out of the 57 million that was budgeted for capital projects which the premier blamed on the drawn-out procurement process, outdated laws, and insufficient resources. He maintained that the government is spending 300,000 in this financial year to review the procurement process. Optimistically TCIG again budgeted $63 million for capital projects this year.

The $485 million budget for 2024/25 was split into 10 main parts.

  1. $117.4 million – Public Service (Offices of Governor, House of Assembly, Ministries etc.)
  2. $ 90.5 million – Health
  3. $86.5 million –  Economic Affairs (Environmental and Coastal Resources,  Media, Energy and Utilities, Infrastructure Development including land acquisition, Tourism Product Enhancement, Agriculture, and Catastrophic Risk Insurance)
  4. $71.6 million –  Public Order and Safety ( $39.0 million will go towards Police Services, $20.9 million to the Judiciary, $19.2 million for Customs and Border Protection, Immigration, and Repatriations, $7.7 million for Prisons, and  $1.5 million has been allocated for Fire and Rescue.)
  5. $58.7 million – Education (Special Needs, Community College, Primary, Secondary and Daycare)
  6. $27.0 million – Social Protection
  7. $18.8 million – Estate Management, Housing and Community Amenities
  8. $9.6 million Defense (National Security Secretariat, Military, Disaster Management)
  9. $3.1 million  – Environmental Protection
  10. $1.3 million – Culture

The Premier also broke down a list of priority initiatives encapsulated in the allocation, they included:

  • $157.3 million for staff costs, around $30.7 million compared to the previous year.
  • $6 million for the Community Enhancement Projects/Works Programme across all islands.
  • $3.7 million for the Border Force
  • $3.5 million for the pay and grading exercise of statutory bodies.
  • $3.1 million for the Senior Citizens’ Financial Assistance Programme.
  • $1.5 million was added to Social Welfare allocations for a total of $10.1 million.
  • $1.4 million to cover an increase of 20 percent for pensioners and former legislators.
  • $900,000 for MSME Investment, which includes funding for training programs, technical assistance, and opportunities for business development.
  • $ 300,000 for the Prison Reforms and the Juvenile Intervention and Diversionary Programme to review the prison resourcing model within the Department of Correctional Services.
  • $ 800,000 for additional staff enhancement of the growth and capability of the TCI Regiment to strengthen the islands’ security against illicit activities.

As for how the Turks and Caicos will afford all of this, revenue is expected to be $465 million leaving the country in a deficit of $19 million. Misick admitted, though, that it was unlikely that the deficit would come to fruition.

The top ten earners are expected to be:

  • $119.6 million – Accommodation Tax
  • $112.5 million –  Import Duties
  • $54.2 million – Other Receipts
  • $50 million – Stamp Duty on Land Transactions
  • $42.9 million – Work Permit
  • $38.8million – Other Customs Duties
  • $11 million – Excess Revenue from Ports and Sea Travel Taxes –
  • $10.9million – Fuel Tax
  • $7.9 million – Vehicles and Driver’s License Fees
  • $7.3 million – Business and Banking Related Receipts

Misick maintained that the PNP is delivering for the people, and the budget would provide ‘More in ‘24’, he said:

”If you recall, when we came to office in 2021, I made it clear that this is “The People’s Term” We have never wavered from that commitment. We have used the People’s Contract as our guidepost to ensure that we deliver on the promise—Our budget is designed to give our people opportunities and change their lives for the better.”

Bahamas News

EducationUSA Bahamas Advising Center Officially Opens to Help Students Wishing to Study in the US

Published

on

Ribbon cutting

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.

Continue Reading

Caribbean News

Positive Start to 2024/25 Academic Year at Several Schools

Published

on

Kingston, September 14, 2024 – Officials of the Ministry of Education and Youth and school administrators are reporting a smooth start to the 2024/25 academic year, on Monday (September 2), at several institutions.

This, in the aftermath of Hurricane Beryl, which threatened to derail reopening at some schools.

Ministry of Education Regional Director for St. James, Hanover and Westmoreland, Dr. Michelle Pinnock, provided updates on various schools in those parishes.

She told JIS News that Bethel Primary School in Hopewell, Hanover, was undergoing clean-up efforts following the completion of construction work.

The Regional Director said grade-five and six students were present on Monday, with plans in place for full resumption on Tuesday (September 3).

Meanwhile, she advised that students of Kendal Primary School, also in Hanover, will be temporarily housed in two community church halls while the administration awaits the completion of a new building being constructed by the Jamaica Social Investment Fund (JSIF).

“Kendal Primary is getting a building from JSIF, which is basically a whole school; even before Hurricane Beryl, the arrangements were made,” Dr. Pinnock told JIS News.

Over at Barracks Road Primary School in Montego Bay, St. James, which sustained roof damage, among other challenges, arrangements were made to ensure the students’ safety and continuity of learning.

“The rains that came last week made us realise that we have some extensive damage to the membrane of the roof.  So, we are staggering the children and, on Wednesday, we will be using Faith Temple Church as an external site. The church has an area very near to the school, and we are going to be hosting students there,” Dr Pinnock informed.

The Regional Director expressed satisfaction with the overall start of the academic year for schools under her office’s purview, noting that some institutions may need to adjust timetables to accommodate teacher availability.

She also highlighted ongoing training initiatives to facilitate independent student learning through Google classrooms.

Meanwhile, Principal of Siloah Primary School in St. Elizabeth, O’Neil Larmond, shared that there was a positive start to the academic year for his institution, citing active parental involvement and a full staff complement for Monday’s opening.

“With a student population of over 500, Siloah Primary is off to a great start. We had a member of the Anglican Church doing devotion for us this (Monday) morning and we [had] close to 200 parents in attendance also. So, after devotion we had a brief meeting with our parents. We [had] our full staff complement and we have water and electricity,” the Principal told JIS News.

Ministry of Education Regional Director for St. Thomas, Portland and St. Mary, Yashieka Grant, reported that the majority of public schools in the area successfully reopened, with only two exceptions.

Mrs. Grant, who acknowledged the impact of Hurricane Beryl, welcomed the successful resumption of classes at the institutions which reopened.

“We have 165 public schools in this Region, and all, except two of them, [were] open to students [on Monday]… so we are grateful for that,” she told JIS News.

Principal of Scotts Pass Primary and Infant School in Clarendon, Mark Powell, also reported a smooth start to operations at his institution, highlighting the importance of establishing classroom routines and building relationships with students from the onset of the academic year.

He told JIS News that, during Monday’s start, “teachers [were] laying down the ground rules, getting to know their students and familiarising them with procedures again”.

As schools navigate various challenges and adjustments in the early days of the new academic year, educators and administrators remain committed to providing a supportive and engaging learning environment for students.

 

CONTACT: ANDREW LAIDLEY

Continue Reading

Bahamas News

Black Island Girl Relaunches with Expanded Features and Multimedia Focus

Published

on

Jael Josephs 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.

www.blackislandgirl.com

Continue Reading

FIND US ON FACEBOOK

TRENDING