Latest Headlines

• PM: More revenue but no new taxes
  The government is projecting a deficit in the upcoming fiscal year, which starts on July 1, of $131.6 million — a $389.5 million decrease from the current year’s projected deficit, Prime Minister and Minister of Finance Philip Davis announced in his 2023/2024 Budget Communication to Parliament yesterday, adding that there are no new taxes and […]
• Govt cuts subvention for SOEs
  The government has reduced the budget allocation for government owned corporations and statutory agencies by $37 million in the upcoming fiscal year. Prime Minister Philip “Brave” Davis said the government is committed to ensuring that state-owned enterprises operate with financial responsibility “We want our state-owned enterprises to succeed, and we are determined to improve transparency, […]
• Constituency allowances, capital grants being raised
  The government is raising the monthly constituency allowance allocated for each of the 39 constituencies in The Bahamas and is also increasing the constituency capital grant provided for each constituency. The monthly constituency allowance is being raised from $2,500 to $3,500 and the capital grant is being increased from $100,000 per year to $150,000. The […]
• Man vindicated after serving most of 15-year sentence
  A man convicted of armed robbery was on Wednesday vindicated after serving most of his 15-year sentence. The Privy Council in a unanimous decision quashed Vinson Ariste’s 2012 conviction after finding that his confession—the only evidence against him— ought not to have been allowed. The court said, “We cannot conclude this judgment without expressing the Board’s […]
• Pintard slams budget as ‘out of touch’
  Opposition Leader Michael Pintard yesterday dismissed the government’s new budget as “another set of disappointing and inadequate policy plans that continue to demonstrate that this Davis administration is out of touch with the realities facing Bahamian families”. “This administration refuses to come to the Bahamian people with concrete plans that will address the rampant spike in […]
• Govt reduces travel budget
  After much criticism over his administration’s frequent travels around the world and its associated cost, Prime Minister Philip Davis said yesterday that the budget for travel in the upcoming fiscal year will be reduced. The government budgeted $12.2 million on travel and subsistence in the upcoming fiscal year compared to the $18.8 million it will […]