Connect with us

Bahamas News

The Government has a very clear guiding vision for a better future for Bahamians

Published

on

#Bahamas, March 9, 2018 – Nassau – Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest said to properly understand the Government’s fiscal consolidation strategy and the state of the public finances at the mid-point of the 2017/18 fiscal year, it is necessary to begin with a realistic and thorough assessment of the gravity of the fiscal challenges that this Government Administration inherited from the previous administration.

“Irrespective of the baseless and empty rhetoric that we have heard following the presentation of the Mid-Year Statement, our Government does have a very clear guiding vision for a better future for Bahamians, with both a stronger economy and enhanced job opportunities.  We also have a plan for getting there,” the DPM said during his Contribution to the 2017/18 Mid-Year Budget Debate in the House of Assembly, Wednesday, March 7, 2018.

He said the present administration elaborated on their vision and plan in its 2017 Manifesto, in the Speech from the Throne, as well as in the May Budget Communication.

“As I made amply clear in the Budget Communication, however, we must as a priority addresses the fiscal mess that we inherited from the party opposite. We simply cannot, and will not, spend recklessly as did the previous administration without due regard for the financial resources available.

“Ours is now the task of putting order in the public finances of our nation to arrest the seemingly inexorable rise in the burden of Government debt that hangs like the proverbial albatross around the neck of Bahamian society and our economy.”

The DPM said it is imperative that the burden of debt is returned to lower and more sustainable levels in order to free up the critical resources that are necessary to fully implement the action plans within the Government’s socio-economic growth agenda as promptly and effectively as possible.

He explained that when the burden of Government Debt represented a more manageable and sustainable 30 per cent of GDP, the Government’s interest payments on the debt accounted for some 10 cents of every revenue dollar.

“Last fiscal year, with a debt burden of 57.6 per cent of GDP, interest payments chewed up almost 14.5 cents of every revenue dollar.

“Were it possible to return to a burden of debt under which interest payments again accounted for 10 per cent of revenues, our annual interest payments would be appreciably reduced.

“At the 2017/18 level of revenues, the savings would be on the order of $75 million.  Those are precious financial resources indeed that could make a significant contribution to the advancement of the Government’s agenda for growth through, for example, supplementary investments in education, health or infrastructure.”

He said it needs to be stressed that much work needs to be done to get the country to the type of debt burden objective that would be preferable. However, the Government is firmly committed, through its concrete fiscal consolidation plan, to getting the country moving in that direction.

DPM Turnqest said as a first step requires the elimination of the annual Government deficit that is the direct cause of increased borrowing.

He said, “Eliminating the deficit and getting to a lower debt burden are also vital to recreating the fiscal room to manoeuvre that is prudently required to allow the country to deal with unforeseen economic and other shocks, such as hurricanes, that may present themselves in the period ahead.”

By: Llonella Gilbert (BIS)

 

 

Continue Reading

Bahamas News

Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

Published

on

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

Continue Reading

Bahamas News

CBC Supports Opportunities for Young Bahamian Basketball Players

Published

on

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.

Continue Reading

Bahamas News

More Bahamians Accessing HIV, STI Care Through NHI

Published

on

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.

Continue Reading

FIND US ON FACEBOOK

TRENDING