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Universal Healthcare Coverage cited as a big-ticket item at 76th World Health Assembly in Geneva
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Sir Cornelius attends reception to honour Mr Herbert Styles, Sr
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Deficit nears $900 million
Travis Cartwright-Carroll. Photo credit Kwasi Thompson, Bahamas Information Service (BIS).
NASSAU, The Bahamas The far-reaching economic cost arising from the COVID-19 pandemic and the “extraordinary increases” in expenditure to support social assistance programmes have led to a continued widening of the fiscal deficit to US $878.2 million in the first nine months of the current fiscal year, up from $251.3 million during the same period in the year prior, the Ministry of Finance reported on Wednesday.
Total revenue from July 2020 to March 2021 declined by an estimated $527.4 million (30 per cent) to $1.2 billion, the ministry’s Combined Nine Month Fiscal Snapshot and Report on Budgetary Performance also showed.