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The 2023/2024 budget: positive with cautionary undertones

The 2023/2024 budget: positive with cautionary undertones
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West grand bahamaHawksbill creekFiscal strategy reportSupplementary budgetHawksbill creek arrangement

A look at the unfolding economic recovery of The Bahamas, part 1

Based on reported information, The Bahamas economic recovery, performance and reconsolidation is trending well. While largely explained by the post pandemic and global financial crisis recovery, the current administration is to be commended for so far marshalling an upbeat improvement. The administration appears to be getting a number of things right especially in the tourism

Chester cooperPhilip davisEconomic affairs michael halkitisDeputy primePrime minister philip davisAir bnbFiscal strategy report

Halkitis: Firms largely compliant with real property tax requirements

Hitting back at demands made by the Free National Movement (FNM) last week that the government immediately end the practice of requiring business tenants to get real property tax information from landlords, Minister of Economic Affairs Michael Halkitis said yesterday that by and large, business license applicants have been compliant with the requirement. Pointing to the

Kwasi thompsonPhilip davisDepartment of inland revenueEconomic affairs michael halkitisOffice of theHouse of assemblyFree national movementBahama member of parliament kwasi thompsonBusiness license amendment actInland revenueEast grand bahama memberParliament kwasi thompsonPrime ministerPublic treasuryFiscal strategy reportPrime minister philip davis

Confusion about property tax clause for business license renewals, says minister

Minister of Economic Affairs Michael Halkitis yesterday admitted there is “confusion” and “muddied waters” caused by the Department of Inland Revenue’s (DIR) new requirement that all businesses submit a real property tax (RPT) assessment number – even if they are renters – when applying for a business license renewal. The business community – through the Bahamas Chamber

Shunda strachanPhilip davisDepartment of inland revenueReal property tax departmentMinister of economic affairs michael halkitisOffice of theEmployer confederationBahamas chamberHouse of assemblyEconomic affairs michael halkitisInland revenuePrime ministerActing comptrollerFiscal strategy reportPublic debt management strategyPrime minister philip davis

Halkitis: govt s numbers optimistic, but achievable - The Nassau Guardian

Responding to a recent analysis of the Fiscal Strategy Report (FSR) by credit rating firm Moody’s Investors Service, in which it called the Davis administration’s revenue collection and growth projections optimistic, Minister of Economic Affairs Michael Halkitis said yesterday, “We have to be.” The government has set an aggressive target of 25 percent of revenue

Economic affairs michael halkitisMoody investors serviceOffice of theFiscal strategy reportInvestors servicePrime ministerRevenue enhancement unit