March 11, 2022
It is a special privilege to rise today, in this Honourable House, as the Minister of Finance to present the 2021/2022 Mid-Year Budget Statement and report on fiscal performance, the first such report under my Government’s administration.
This report, as required under the Public Financial Management Act, and the Fiscal Responsibility Act, is important in the good administration of our country’s finances.
June 22, 2021
It is indeed a privilege for me to commence the debate on the government’s fiscal year 2021/22 budget in this honourable chamber.
Just a few weeks ago Prime Minister, the Most Honourable Dr. Hubert Alexander Minnis tabled in the Lower House two of the most important documents produced by this governmentRead More
Feb. 24, 2021
To address these challenges, in May of last year, my government brought to this house its budget for the 2020/21 fiscal year entitled, “Resilient Bahamas: A Plan for Restoration”.
This macroeconomic plan was designed to allow the country to successfully weather the ravages of the coronavirus pandemic and to also emerge stronger and more resilient.Read More
July 1, 2020
Tax concessions included in the 2020/21 Annual Budget take effect today, including the duty reductions on construction material and those put in place to stimulate the fishing and agricultural sectors.Read More
June 8, 2020
Deputy Prime Minister and Minister of Finance, K. Peter Turnquest, deivered the opening statement of the 2020/2021 Budget Debate on Monday, June 8, 2020 in the House of Assembly.Read More
May 28, 2020
DPM and Minister of Finance, K. Peter Turnquest, along with Acting Financial Secretary, Marlon Johnson, break down the government's restoration plan for the country at the Annual Budget Press Conference. They also fielded questions from local media on the recent Annual Budget Communication 2020/2021, which was delivered by Turnquest in the House of Assembly on Wednesday, May 27, 2020.Read More
May 26, 2020
Peter Turnquest, Deputy Prime Minister and Minister of Finance, assures the Bahamian people that tomorrow's Annual Budget Communication will be a transparent assessment of the country's current economic situation. The public can also look forward to a more dynamic and interactive experience thanks to social media and digital tools.Read More
March 30, 2020
I rise to provide an update on the Government’s stimulus measures to support our citizens during this challenging time. The adverse impact of COVID-19 has touched every single person in the country, and most significantly, the poor and vulnerable amongst us need the support of the Government to cope with the impact.Read More
March 18, 2020
The Coronavirus (COVID-19) has now been declared a pandemic, and concerns continue to intensify as countries around the world take strict and drastic measures to contain its spread. As you know, The Bahamas has now recorded its first domestic case of the coronavirus, and it is likely that numbers will increase.Read More
Feb. 10, 2020
Two weeks ago, I presented the supplementary appropriations and borrowing resolution for the 2019/20 Supplementary, or ‘Hurricane Dorian” Budget. Together, those resolutions represent the Government’s revised spending and borrowing plan to rebound from the catastrophic impact of Hurricane Dorian. Today I rise to contribute to the budget debate on behalf of the wonderful people of East Grand Bahama, who’s resilience and faith in equity and fairness has been tested, battered by winds of loss and change and savaged by seas of tumult and uncertainty, but yet remain proud, strong and expectant.Read More
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.