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Prime Minister Outlines Cost of Living Relief in National Budget

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By: Lindsay Thompson

Bahamas Information Services

 

#TheBahamas, May 26, 2022 – Prime Minister and Minister of Finance the Hon. Philip Davis presented his first National Budget in which he outlined key priority areas to help Bahamians cope with major cost-of-living challenges.

March to House of Assembly for FY2022-2023 Budget

He presented the Fiscal Year 2022/2023 Budget Communication in the House of Assembly on Wednesday, May 25, 2022.  The Communication is entitled ‘Budget 2022: The Way Forward.’

“This Budget provides a foundation to strengthen our nation, to lift ourselves up, to face the future with strength and optimism,” the prime minister said.

The Budget is organized around central priorities defined in the Speech from the Throne and his government’s New Day Agenda — the first priority of which is to  “help Bahamians cope with a cost-of-living crisis,” the prime minister said; “Bahamians were already struggling with high energy prices, high food prices, and expensive housing costs.”

In this vein, his government’s strategy for softening the impact of this global crisis includes: a mix of broad-based import duty reductions; increased enforcement of price controls; an increase in the minimum wage for public servants; increased social services assistance; important new support for Catastrophic Health Care; the establishment of the Universal Service Fund to make technology more accessible and affordable throughout the islands; a substantial investment in promoting home ownership, and energy reform to reduce costs, among other initiatives.

He revealed that the government sent a proposal to the Bahamas Public Service Union to increase the minimum wage with incremental increases beginning July 2022. And, that the government believes the rate of minimum wage needs to increase because of the “general erosion of spending power of ordinary Bahamians.”

“We also recognize that an important part of our tourism experience is our unique culinary products — and we need to ensure that the sector remains competitive.  We have also therefore reduced the duty on food items used mostly in the restaurant and tourism sector,” the prime minister said.

Sharing the fiscal outlook for 2022/23, the prime minister said that the current budget projects a significant rebound in the Bahamian economy.

“Total revenue is projected at $2,804.4 Billion, a 19.9 percent increase over the prior fiscal year when the economy was in the early stages of an economic rebound from the COVID-19 pandemic.

“It incorporates many of our revenue enhancing strategies and outcomes such as increasing Real Property Tax collections and compliance, an improved VAT performance, based on the economic rebound and growth in other fees as a result of improved revenue administration,” he said.

Also in the budget for fiscal year 2022/23, VAT collections are estimated at $1,411.8 million, a 52.4 percent increase over the prior year budget, the prime minister noted.

The prime minister also announced that his government would seek parliamentary approval for a Supplementary Budget for additional expenditure of $216.9million and capital expenditure of $34.4 million, for a total of over $251million.

“This budget provides support for the here and now, and also charts the way forward for a brighter tomorrow,” the prime minister said.

(BIS Photos/Ulric Woodside)

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

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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.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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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.

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More Bahamians Accessing HIV, STI Care Through NHI

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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.

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