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Minister of State in the Ministry of Finance, Senator the Hon. J. Kwasi Thompson provided an overview of the Government’s 2020 Fiscal Strategy Report on Wednesday, December 16, 2020 in the Senate, which the public can review in detail on the official budget website: www.bahamasbudget.gov.bs. (BIS Photo/Ulric Woodside)
Nassau, The Bahamas - On Wednesday, December 16, 2020, Prime Minister and Minister of Finance the Most Hon. Dr. Hubert A. Minnis tabled in the Lower House, the Government’s 2020 Fiscal Strategy Report (or FSR).
Minister of State in the Ministry of Finance, Senator the Hon. J. Kwasi Thompson provided an overview of the 2020 FSR, which the public can review in detail on the official budget website: www.bahamasbudget.gov.bs.
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Kwasi Thompson. (FILE PHOTO)
NASSAU, BAHAMAS Prime Minister and Minister of Finance Dr Hubert Minnis will table the 2020 Fiscal Strategy Report (FSR) during Wednesday’s sitting of the House of Assembly, according to a Ministry of Finance statement issued yesterday.
The statement noted the government is usually required to present the FSR in the House of Assembly by the third Wednesday in November, but that “given the unprecedented times, the government decided to take extra diligence in crafting its strategies, making use of the most current fiscal information about the planned reopening of tourism in November to inform critical policy deliberations about the FSR”.
2020 Fiscal Strategy Report set for Wednesday release in keeping with Govt’s December commitment
In keeping with its commitment to publish the 2020 Fiscal Strategy Report (FSR) in December, the Most Honourable Prime Minister and Minister of Finance Hubert A. Minnis will table the FSR during the next sitting of the House of Assembly.
Senator Kwasi Thompson, Minister of State for Finance, will detail key elements of the report in the Senate, outlining the government’s fiscal strategy over the next few years with its focus on securing economic resilience beyond the coronavirus pandemic (COVID-19) and accelerating the pace of economic recovery. During his presentation, Minister Thompson will also provide updates on the Government’s ongoing efforts to respond to the COVID-19 crisis, including policy actions to provide ongoing assistance to Bahamians and communities in need.