April 9, 2021
By this summer, the four new Acts recently passed by Parliament will come into effect. The new legislation will modernize and transform public finance, procurement, and statistical operations within The Bahamas. The Public Finance Management Act, Public Debt Management Act, and the Statistics Act will come into effect on July 1, 2021; and the Public Procurement Act on September 1, 2021.
Read MoreJune 8, 2020
The Government has proposed other legislative amendments that will lead to improved governance by strengthening the clarity and administrative application of these laws.
Read MoreJune 8, 2020
The Government will make a number of amendments to the Real Property Tax Act, 1969 to promote greater clarity and enhanced administration.
Read MoreJune 8, 2020
To support the Government’s goal to strengthen public financial management, the Government will amend the Financial Administration and Audit Act, 2010 (FAA) to require that all Government authorities, companies, and corporations that receive more than 50 percent of their operating budget from the Central Government, produce and submit monthly and quarterly financials.
Read MoreJune 1, 2020
The Government tabled landmark legislation last week - The Public Procurement Bill, 2020 - that will be debated in the House of Assembly following the adoption of the FY2020/21 Annual Budget. New rules for procurement will govern how government contracts for goods and services are issued by all public entities once this Bill passes.
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The budget website is inspired by a worldwide movement towards citizens budgets. Presented by the Ministry of Finance, it is a visual, interactive and less-technical version of the annual budget that promotes accessibility, inclusion, transparency and accountability.
Government Revenue Continues to Rebound
May 24, 2022
Ministry of Finance Releases First Monthly Fiscal Report
March 21, 2022
Government Revenue Continues to Rebound
Feb. 3, 2022
