Nov. 15, 2021
Government Revenues $92 million Ahead of Budget in First Quarter
First quarter fiscal performance confirmed that the Bahamian economy continues its steady recovery with revenue outcomes exceeding expectations. Gains from the uptake in economic performance were owed to the resurgence in the travel and tourism market worldwide. Further, the combination of successful vaccination strategies, locally and other in countries, are resulting in the loosening of travel and other COVID-19 related restrictions worldwide. Consequently, this cautious and measured paced of opening in the local and global economy has positively supported upticks in domestic business activities.