Presented by The Ministry of Finance

Prime Minister Hon. Philip Davis

EXPANDING OPPORTUNITIES, ISLAND BY ISLAND. The Prime Minister's 2025/26 Budget Communication, Wednesday, May 28, 2025, at 10 AM EST.

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A Budget of Surplus

The 2025-26 budget, ''EXPANDING OPPORTUNITIES, ISLAND BY ISLAND'', outlines The Bahamas’ first balanced budget with a surplus, focusing on security, opportunity, affordability, and reform to drive inclusive growth and national resilience. 

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BUDGET BY THE NUMBERS

The 2024/2025 budget continues to build on proven result-driven policies, while establishing key new initiatives that will better the lives of Bahamians. The pillars of national security, economic security, and social security represent our vision of a secure, prosperous, and fair society.

$3.89 Billion

2025/26 REVENUE ESTIMATE

The projected revenue (23.6% of GDP) reflects targeted reforms to strengthen tax compliance, close VAT loopholes, and support equitable contributions from high-growth sectors like real estate and cruise tourism.

$3.82 Billion

2025/26 EXPENDITURE ESTIMATE

The planned expenditure prioritizes strategic investments in energy, infrastructure, and human capital—balancing fiscal discipline with the urgent need to modernize essential services and stimulate inclusive economic growth.

$75 Million

2025/26 PROJECTED SURPLUS

The forecasted $75 million surplus (0.5% of GDP) is the result of deliberate policy choices to reduce deficit spending, streamline government operations, and reinforce long-term economic resilience without compromising national development goals.

BUDGET FOR SECURITY & PROGRESS

2025/2026 Budget Priorities

Prudent Fiscal Management

Revenue Enhancement

Expenditure Control

State-Owned Enterprises (SOE) Reform

The Budget Debate is live broadcast during the month of June. Tune in for live coverage, or connect with the Ministry of Finance for the highlights. As each Cabinet Minister contributes to the Debate, details of the ‘Resilient Bahamas’ plan will be updated.

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Public Financial Management Act Compliance

Capital Expenditure

CloudBahamas ERP System

Fiscal Responsibility Council

The Budget Debate is live broadcast during the month of June. Tune in for live coverage, or connect with the Ministry of Finance for the highlights. As each Cabinet Minister contributes to the Debate, details of the ‘Resilient Bahamas’ plan will be updated.

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Public Sector Audit Committee

Debt Management

Tax Arrears Recovery

Medium-Term Financial Objectives

The Budget Debate is live broadcast during the month of June. Tune in for live coverage, or connect with the Ministry of Finance for the highlights. As each Cabinet Minister contributes to the Debate, details of the ‘Resilient Bahamas’ plan will be updated.

Learn More