Presented by The Ministry of Finance

Quarterly Budget Performance Reports


The Ministry of Finance publishes in-year, quarterly budget performance reports that provide information about the Government’s revenue performance, expenditure developments, debt activity and policy initiatives for enhanced public financial management. The Ministry also produces a user-friendly "fiscal snapshot” that summarizes the key developments and trends in the quarterly budget report. 

Fourth Quarter Budgetary Performance FY2020/21

Latest Fiscal Snapshot & Report

Preliminary data on the budget performance for FY2020/21 shows the Government performed materially in line with the parliamentary approved fiscal targets, closing the year with a budget deficit of $1.348 billion, inclusive of $273.3 million in COVID-19 related expenditures and $68 million approved in June by Parliament to build a major multi-story extension to the Princess Margaret Hospital.

During Fiscal Year 2020/21, the Government, with the approval of Parliament, shifted its budgetary strategy from fiscal consolidation to one that responded to the severe economic contraction caused by the Covid-19 pandemic. The approved fiscal strategy called for investments in public health and safety, expansion of social protections, and restoration of economic stability. To meet the demands of the ‘Resilient Bahamas’ plan, the Parliament unanimously agreed to increase  the deficit to $1.3 billion to pay for the significant but necessary financial cost of economic mitigation efforts.


Fourth Quarter Fiscal Snapshot & Budget Performance Report

Q4 Fiscal Report_FY2020_21v5.1_COMBINED (WEB).pdf

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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.