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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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Mother’s Pride Headlines Bahamian Takeover at Sixers-Heat Clash in Miami

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The Bahamas, March 30, 2026 – The voice of a proud mother captured the spirit of a nation Monday night, as Bendra Rolle shared heartfelt reflections on the overwhelming Bahamian support for her son, VJ Edgecombe, during the Philadelphia 76ers matchup against the Miami Heat in Miami.

“The patriotic support and scenery at my son, VJ Edgecombe’s NBA game… was overwhelming,” Rolle said in a statement issued following the game. “The arena in Miami was lit. Bimini and the Bahamas showed up and showed out.”

Her words come amid what has already been widely described as a remarkable showing of national pride, with Bahamians traveling in large numbers to South Florida to witness the young guard’s continued rise. For Rolle, however, the moment extended far beyond basketball.

“Beyond VJ’s basketball talents, I’m so moved by his magnetic personality and personal journey to inspire and excite an entire nation—our beloved Bahamas,” she said. “I thank God for VJ’s humility and for his hunger for greatness. He never forgets how far God has brought us.”

While the Sixers did not secure the win on the night, Edgecombe delivered a solid individual performance, finishing with 13 points and five assists. He made an early impact on the game, showing confidence and poise before foul trouble disrupted his rhythm, but still managed to leave his mark in meaningful minutes.

The game itself evolved into a cultural showcase, with Bahamian flags waving throughout the arena and chants ringing out in support of Edgecombe. Much of that presence was bolstered by a coordinated travel push from Bahamasair, which helped facilitate fan travel and added to the electric atmosphere in Miami.

Rolle said the emotional weight of the moment was deeply felt by her family, as they witnessed firsthand the unity and pride of the Bahamian people.

“Thanks and love for the tears and overwhelming joy on Monday, Bahamas,” she expressed. “The Bahamian flags were love, loud, and proud. On my own behalf, VJ, and the entire family, I am ever grateful for the indescribable experience.”

Her closing words underscored what many have described as the true victory of the night—not the final score, but the powerful display of national pride and support surrounding one of The Bahamas’ rising stars.

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Bahamasair Backs Surge as Bahamians Flood South Florida for V.J. Edgecombe Showdown  

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PHOTO BY SIXERS NATION

 

Bahamian pride is already on full display in South Florida, with fans arriving in strong numbers ahead of tonight’s highly anticipated NBA matchup featuring VJ Edgecombe and the Philadelphia 76ers.

Helping to power that movement was Bahamasair, which rolled out a strategic promotion to facilitate travel, turning the game into a full-scale national showing.

And the celebration started early.

A “Bahamas Invades Florida” pre-party over the weekend set the tone, with Bahamian fans, DJs and supporters converging in Fort Lauderdale to build momentum ahead of the game.  The event, marketed as a major cultural gathering, has spilled into Miami, where a strong Bahamian presence is expected inside the arena tonight.

This is no ordinary road game.

The Sixers enter the matchup healthy and are favoured to win, adding to the anticipation surrounding what many expect to be a standout performance by the Biminite guard.

Edgecombe, the third overall pick in the 2025 NBA Draft, has been electric in his rookie season — delivering high-scoring performances and quickly establishing himself as one of the league’s most exciting young talents.

But beyond the stats, it’s the moment that matters.

With South Florida just a short flight away, Bahamians have seized the opportunity to show up in force — flags, energy and all — transforming the game into something far bigger than basketball.

A national turnout.
A rising star.
And a night where the Bahamas is expected to be felt — from tip-off to final buzzer.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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Bahamas Warns Travellers as UN says Middle East Conflict May No Longer Be Contained

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The Bahamas, March 18, 2026 – Twenty days into the latest Middle East escalation, the United Nations is warning the conflict is spreading beyond its original battlefield, as the death toll rises and governments around the world issue urgent travel advisories — including The Bahamas.

In a March 17 statement, the UN Secretary-General’s office said the war must stop and called for all Security Council resolutions to be respected, noting with concern that countries in the Gulf continue to be targeted, raising fears of a wider regional confrontation.

The current round of fighting began February 28 with strikes involving the United States, Israel and Iranian-linked forces, followed by missile and drone attacks across Iraq, Lebanon and parts of the Gulf.

International monitors report more than 1,300 people killed in Iran alone, with additional casualties reported in Lebanon, Israel and Gulf states. U.S. officials confirm at least 13 American service members have died since the escalation began, while reports indicate additional senior Iranian military leaders were killed in recent strikes.

Despite the growing violence, several NATO countries including the United Kingdom, France and Germany have not joined offensive operations, instead calling for diplomacy to prevent the conflict from widening.

The Bahamas Ministry of Foreign Affairs has also issued a travel advisory, warning Bahamian nationals to avoid travel to Israel, Palestine, Iran and Lebanon and to reconsider travel across much of the Gulf region due to the risk of sudden escalation, flight disruptions and security threats.

Officials say Bahamians already in the region should remain vigilant and be prepared for rapidly changing conditions.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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